REGISTERED NUMBER: 00908105 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Airvision Engineering Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N F Shires

Mrs C B Shires

Dr V L Belson

REGISTERED OFFICE:

Saxon Way

Melbourn

Royston

Hertfordshire

SG8 6DN

BUSINESS ADDRESS:

Rowan Cottage

Lynch Lane

Fowlmere

Royston

Hertfordshire

SG8 7SX

REGISTERED NUMBER:

00908105 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

41,986

35,725

Investments

5

100

100

Investment property

6

2,382,224

2,165,658

2,424,310

2,201,483

CURRENT ASSETS

Debtors

80,166

56,749

Cash at bank and in hand

123,750

159,181

203,916

215,930

CREDITORS

Amounts falling due within one year

29,703

38,633

NET CURRENT ASSETS

174,213

177,297

TOTAL ASSETS LESS CURRENT LIABILITIES

2,598,523

2,378,780

CREDITORS

Amounts falling due after more than one year

-

(2,029

)

PROVISIONS FOR LIABILITIES

7

(527,656

)

(474,714

)

NET ASSETS

2,070,867

1,902,037

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Non distributable retained

earnings

1,565,015

1,447,609

Retained earnings

495,852

444,428

SHAREHOLDERS' FUNDS

2,070,867

1,902,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr N F Shires - Director

1.	STATUTORY INFORMATION

Airvision Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

15% on reducing balance

Fixtures & fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost and assessed annually for impairment.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes 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.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes 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.

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 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2024

869,287

Additions

17,695

Disposals

(168,687

)

At 30 June 2025

718,295

DEPRECIATION

At 1 July 2024

833,562

Charge for year

6,138

Eliminated on disposal

(163,391

)

At 30 June 2025

676,309

NET BOOK VALUE

At 30 June 2025

41,986

At 30 June 2024

35,725

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 July 2024

and 30 June 2025

100

NET BOOK VALUE

At 30 June 2025

100

At 30 June 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

2,165,658

Revaluations

216,566

At 30 June 2025

2,382,224

NET BOOK VALUE

At 30 June 2025

2,382,224

At 30 June 2024

2,165,658

Fair value at 30 June 2025 is represented by:

£

Valuation in 2023

1,930,145

Valuation in 2025

216,566

Cost

235,513

2,382,224

The Directors have considered the valuation of the investment property held by Airvision Engineering Limited, and it has been determined that a fair value adjustment of £216,566 was required.

7.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

as restated

£

£

Deferred tax

Revaluation

521,672

467,531

Accelerated capital allowances

5,984

7,183

527,656

474,714

Deferred

tax

£

Balance at 1 July 2024

As previously reported

548,598

Prior year adjustment

(73,884

)

As restated

474,714

Revaluation

54,141

Accelerated capital allowances

(1,199

)

Balance at 30 June 2025

527,656

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

as restated

£

£

10,000

Ordinary

£1

10,000

10,000

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £10,000 (2024: £0).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There is a loan agreement between Airvision Engineering Limited and Virgina Belson a director of the company. This is dated 12 October 2023 and is in respect of a loan of £30,000. The loan is repayable on demand but no later than the 31 December 2024. Interest is chargeable at the HMRC official rate of interest of 2.25%. At the year end the balance owing to the company is £0 (2024 £30,169).

11.	RELATED PARTY DISCLOSURES

At the year end Airvision Engineering Limited was owed NIL (2024: £25,000) by A V Engineering Limited . The balance in the previous year was interest free and repayable on demand.

There is a loan agreement between Airvision Engineering Limited and A V Engineering Limited. The agreement is dated 1 June 2025 and is in respect of a loan of £60,000 which is repayable in 36 equal monthly instalments to Airvision Engineering Limited. Interest is chargeable at an annual rate of 4% on the loan. At the year end the balance outstanding is £58,615 (2024: £0).

There is a loan agreement between Airvision Engineering Limited and the shareholders of the company. The agreement is dated 1 December 2020 and is in respect of a loan of £60,000 which is repayable in 60 equal monthly instalments to the directors and shareholders. Interest is chargeable at an annual rate of 4% above the Bank of England base rate. At the year end the balance outstanding is £3,440 (2024: £14,029).