Plummet Aviation Ltd

Company information

Plummet Aviation Ltd is a private company limited by shares, registered in England and Wales, registered number 15610381.

The company's registered office is: 1 Priory Road, Sale, M33 2BS, United Kingdom.

Balance Sheet

as at 30 April 2025

		13 months to 30 Apr 25
		£		£
Called up share capital not paid	100.00
Fixed assets	114,800.00
Current assets	4,829.03
Creditors: amounts falling due within one year	(134,400.00)
Net current assets / (liabilities)		(129,570.97)
Total assets less current liabilities		(14,670.97)
Net assets		(14,670.97)
Capital and reserves		(14,670.97)

For the period from 02 April 2024 to 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the board of directors and signed on behalf of the board,

Timothy Sharpe
05 January 2026

Notes to the accounts

1. Average number of employees

   During the period the average number of employees was 0.

2. Capital Commitments Note

   1. General information Plummet Aviation Ltd is a private company limited by shares, incorporated and domiciled in England and Wales. The company’s principal activity is the ownership and operation of a light aircraft for the shared use of its shareholders. The company is not operated with a profit motive. 2. Basis of preparation The financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro-entities regime under the Companies Act 2006 and are prepared under the historical cost convention. 3. Accounting policies a) Income Income represents usage charges levied on shareholders in respect of flying hours. These charges are intended as cost recharges to contribute towards the variable costs of operating the aircraft and to maintain an appropriate cash reserve. Income is recognised in the period in which the flying activity occurs. b) Directors’ loans Contributions made by directors and shareholders to fund the company’s activities, including fixed operating costs and capital expenditure, are treated as loans to the company. These loans are unsecured, interest-free, and repayable on demand subject to the availability of funds. c) Tangible fixed assets The aircraft owned by the company is included within tangible fixed assets and stated at cost less accumulated depreciation. d) Depreciation Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful economic lives on a straight-line basis. Depreciation rates are reviewed annually and applied consistently. 4. Loss for the period The loss for the period arises principally from fixed operating costs, including hangarage and insurance, which are funded by directors’ loans. Usage charges are not intended to recover all fixed costs in each accounting period.

3. Contingent Liabilities Note

   5. Creditors Creditors falling due within one year include amounts owed to directors in respect of loans advanced to the company. These loans are interest-free and repayable on demand.

4. Director Guarantees Note

   6. Employees The average number of employees during the period was nil.

5. Financial Commitments Note

   7. Going concern The directors consider the company to be a going concern. The company is funded by its shareholders through ongoing financial support, and the directors have no intention to cease operations.