REGISTERED NUMBER: 12569406 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE BICESTER AERODROME COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Geoghegan

Mr C Morgan

REGISTERED OFFICE:

Bicester Motion

Building 123

Buckingham Road

Bicester

Oxfordshire

OX27 8AL

REGISTERED NUMBER:

12569406 (England and Wales)

AUDITORS:

Bronsens

Statutory Auditor

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

30,327

38,963

CURRENT ASSETS

Stocks

3,621

3,993

Debtors

5

62,018

115,121

Cash at bank

33,348

-

98,987

119,114

CREDITORS

Amounts falling due within one year

6

3,201

33,340

NET CURRENT ASSETS

95,786

85,774

TOTAL ASSETS LESS CURRENT LIABILITIES

126,113

124,737

CREDITORS

Amounts falling due after more than one year

7

331,489

268,518

NET LIABILITIES

(205,376

)

(143,781

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(205,377

)

(143,782

)

SHAREHOLDERS' FUNDS

(205,376

)

(143,781

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

Mr D Geoghegan - Director

1.	STATUTORY INFORMATION

The Bicester Aerodrome Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis on the understanding that the company has received assurances of support from its parent company Bicester Motion Holdings Limited, and its ultimate controlling party Bicester Motion Limited.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents invoiced operational income from the aerodrome plus storage fees.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

67,792

2,304

-

70,096

Reclassification/transfer

-

-

1,872

1,872

At 31 March 2025

67,792

2,304

1,872

71,968

DEPRECIATION

At 1 April 2024

29,659

1,474

-

31,133

Charge for year

9,833

207

468

10,508

At 31 March 2025

39,492

1,681

468

41,641

NET BOOK VALUE

At 31 March 2025

28,300

623

1,404

30,327

At 31 March 2024

38,133

830

-

38,963

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

839

2,691

VAT

1,496

36,889

Deferred tax asset

59,683

39,775

Prepayments

-

3,194

62,018

82,549

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

32,572

Aggregate amounts

62,018

115,121

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

19,986

Trade creditors

801

6,288

Deferred income

-

3,130

Accrued expenses

2,400

3,936

3,201

33,340

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

331,489

268,518

8.	DEFERRED TAX

£

Balance at 1 April 2024

(39,775

)

Provided during year

(2,159

)

Deferred tax asset re losses

(17,749

)

Balance at 31 March 2025

(59,683

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Burton BSc FCA (Senior Statutory Auditor)

for and on behalf of Bronsens

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Bicester Motion Holdings Limited.

The ultimate controlling party is Bicester Motion Limited.

Bicester Motion Limited prepared consolidated financial statements for the group. The office is Bicester Motion, Building 123, Buckingham Road, Bicester, Oxfordshire, OX27 8AL.