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Biggin Hill Heritage Hangar Limited
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Notes to the financial statements
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for the year ended 31 March 2025
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1
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Company information
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Biggin Hill Heritage Hangar Limited is a private company registered in England and Wales. Its
registered number is 07556871. The company is limited by shares. Its registered office is Hangar 528,
Biggin Hill Airport, Nr Westerham, Kent, TN16 3BN.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Presentation currency
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The company's financial statements are presented in sterling.
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Going concern
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In preparing these financial statements, the director has assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the director takes into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
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The director considers that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Tangible fixed assets
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
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Plant and machinery etc.:
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Improvements to property
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10% straight line
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Plant and machinery
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25% reducing balance
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Fixtures & fittings
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15% reducing balance
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Computer equipment
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33% straight line
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Financial instruments
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The company enters into basic financial instruments that result in the recognition of financial assets and
liabilities like trade and other accounts receivable and payable, loans from banks and other third parties
and loans to related parties.
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.
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3
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Average number of employees
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During the year the average number of employees was Nil (2024 - Nil).
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3
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