Registration number: 01000275

Shenley Farms (Aviation) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Shenley Farms (Aviation) Limited

Company Information

Directors

Mr J P A Freeman Mrs VJ Freeman

Company secretary

Mrs S Line

Registered office

The Aerodrome Shenley Road Headcorn Ashford Kent TN27 9HX

Auditors

MMO Limited Wellesley House 204 London Road Waterlooville Hampshire PO7 7AN

Shenley Farms (Aviation) Limited

(Registration number: 01000275)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,834	4,668
Current assets
Debtors	5	699,040	689,038
Cash at bank and in hand		29,823	34,121
		728,863	723,159
Creditors: Amounts falling due within one year	6	(656,465)	(653,005)
Net current assets		72,398	70,154
Total assets less current liabilities		76,232	74,822
Provisions for liabilities		(729)	(1,278)
Net assets		75,503	73,544
Capital and reserves
Called up share capital	7	2	2
Retained earnings		75,501	73,542
Shareholders' funds		75,503	73,544

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... Mr J P A Freeman Director

Shenley Farms (Aviation) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Aerodrome
Shenley Road
Headcorn
Ashford
Kent
TN27 9HX
England

These financial statements were authorised for issue by the Board on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements were prepared for Shenley Farms (Aviation) Limited as a single entity.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Shenley Farms (Aviation) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Audit report

The Independent Auditor's Report was qualified. we were unable to attend the stocktake, resulting in stock existence not being verified
sales order information was not retained, meaning no sales completeness test could be undertaken
no supplier statements were retained
wages testing was incomplete.

The name of the Senior Statutory Auditor who signed the audit report on 23 December 2025 was Mrs Gillian McIntosh, who signed for and on behalf of MMO Limited.

.........................................

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Aircraft	20% reducing balance
Property improvements	10% reducing balance

Shenley Farms (Aviation) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

Shenley Farms (Aviation) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	16,020	24,931	40,951
At 31 December 2024	16,020	24,931	40,951
Depreciation
At 1 January 2024	15,022	21,261	36,283
Charge for the year	100	734	834
At 31 December 2024	15,122	21,995	37,117
Carrying amount
At 31 December 2024	898	2,936	3,834
At 31 December 2023	998	3,670	4,668

Included within the net book value of land and buildings above is £898 (2023 - £997) in respect of freehold land and buildings and £Nil (2023 - £Nil) in respect of short leasehold land and buildings.
 

5

Debtors

Current	2024 £	2023 £
Trade debtors	-	-
Other debtors	699,040	689,038
	699,040	689,038

Shenley Farms (Aviation) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	526	2,066
Accruals and deferred income	3,009	3,009
Other creditors	652,930	647,930
	656,465	653,005

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2