York Aviation LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC307526

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,989		10,432

			5,989		10,432
CURRENT ASSETS
Stocks	5	276,584		279,981
Debtors	6	173,084		328,362
Cash at bank and in hand		91,750		287,128

		541,418		895,471
Creditors: Amounts Falling Due Within One Year	7	(48,008 )		(178,625 )

NET CURRENT ASSETS (LIABILITIES)			493,410		716,846

TOTAL ASSETS LESS CURRENT LIABILITIES			499,399		727,278

NET ASSETS ATTRIBUTABLE TO MEMBERS			499,399		727,278

REPRESENTED BY:
Equity
Members' other interests
Members' capital		115,000		115,000
Other reserves		384,399		612,278

			499,399		727,278

TOTAL MEMBERS' INTEREST
Members' other interests			499,399		727,278

			499,399		727,278

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York Aviation LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr James Brass

Designated Member

11/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

York Aviation LLP is a limited liability partnership, incorporated in England & Wales, registered number OC307526 . The Registered Office is Smithfield House, 92 North Street, Leeds, West Yorkshire, LS2 7PN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% - 50% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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York Aviation LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 4 (2024: 6)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	19,972
Additions	833

As at 31 March 2025	20,805

Depreciation
As at 1 April 2024	9,540
Provided during the period	5,276

As at 31 March 2025	14,816

Net Book Value
As at 31 March 2025	5,989

As at 1 April 2024	10,432

5. Stocks

	2025	2024
	£	£
Work in progress	276,584	279,981

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	143,285	294,288
Other debtors	29,799	34,074

	173,084	328,362

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York Aviation LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,594	18,428
Other creditors	30,309	100,099
Taxation and social security	13,105	60,098

	48,008	178,625

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