Fenix Bridge Aviation Holdings Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Fenix Bridge Aviation Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15730172 . The registered office is Henge Barn Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

2.2. Investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2.3. Financial Instruments

The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitues a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies, are initially recognised at transaction price unless the arrangement consitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.4. 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.

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Fenix Bridge Aviation Holdings Ltd

Notes to the Financial Statements (continued)

For the Period 20 May 2024 to 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

4. Investments

	Subsidiaries	Unlisted	Total
	£	£	£
Cost or Valuation
As at 20 May 2024	-	-	-
Additions	1,435,933	100,000	1,535,933

As at 31 December 2024	1,435,933	100,000	1,535,933

Provision
As at 20 May 2024	-	-	-

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	1,435,933	100,000	1,535,933

As at 20 May 2024	-	-	-

Subsidiaries

Details of the company's subsidiaries as at 31 December 2024 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Dragonfly Aviation Services Limited	Henge Barn, Pury Hill Business Park Alderton Road, Towcester, Northamptonshire, NN12 7LS	Ordinary	100.00%	-

5. Debtors

	31 December 2024
	£
Due within one year
Amounts owed by group undertakings	191,528

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Amounts owed to group undertakings	478,890
Amounts owed to participating interests	60,000
Other creditors	1,188,471

	1,727,361

7. Share Capital

	31 December 2024
	£
Allotted, Called up and fully paid	100

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Fenix Bridge Aviation Holdings Ltd

Notes to the Financial Statements (continued)

For the Period 20 May 2024 to 31 December 2024

8. Post Balance Sheet Events

On the 20 Janaury 2025 the company purchased the entire share capital of Tatenhill Aviation Limited.

On the 12 February 2025 the entire share capital of Fenix Bridge Investments Limited, the parent company, was purchased by Fenix Bridge Holdings Limited. The ulitmate controlling party remains I Fenny.

9. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Davidson Aviation Limited

Under common control

During the period Davidson Aviation Limited lent the company £60,000, this was still outstanding at the year end. The loan is interest free and repayable on demand.

10. Controlling Parties

The company's immediate parent undertaking is Fenix Bridge Holdings Limited .

The ultimate parent undertaking is Fenix Bridge Holdings Limited (incorporated in England & Wales). Its registered office is Henge Barn Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, England, NN12 7LS .

Copies of the group accounts may be obtained from the company's registered office.

The company's ultimate controlling party is I Fenny by virtue of their interest in the share capital of the company.

11. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12. Audit Information

The auditor's report on the accounts of Fenix Bridge Aviation Holdings Ltd for the period ended 31 December 2024 was unqualified.

The auditor's report was signed by K R Witchell (Senior Statutory Auditor) for and on behalf of KRW Accountants Ld , Statutory Auditor.

KRW Accountants Ld

Henge Barn Pury Hill Business Park

Alderton Road

Towcester

Northamptonshire

NN12 7LS

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		31 December 2024
	Notes	£	£
FIXED ASSETS
Investments	4		1,535,933

			1,535,933
CURRENT ASSETS
Debtors	5	191,528

		191,528
Creditors: Amounts Falling Due Within One Year	6	(1,727,361 )

NET CURRENT ASSETS (LIABILITIES)			(1,535,833 )

TOTAL ASSETS LESS CURRENT LIABILITIES			100

NET ASSETS			100

CAPITAL AND RESERVES
Called up share capital	7		100

SHAREHOLDERS' FUNDS			100