REGISTERED NUMBER: 10780538 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

LYZA AVIATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Rehbein

C J Hunter

N Hammerton

REGISTERED OFFICE:

Hangar 6

Redhill Aerodrome

Kings Mill Lane

Redhill

Surrey

RH1 5JY

REGISTERED NUMBER:

10780538 (England and Wales)

ACCOUNTANTS:

Carleys

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Tangible assets

4

65,106

86,764

CURRENT ASSETS

Debtors

5

118,174

112,255

Cash at bank

52,764

84,309

170,938

196,564

CREDITORS

Amounts falling due within one year

6

(555,818

)

(584,849

)

NET CURRENT LIABILITIES

(384,880

)

(388,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(319,774

)

(301,521

)

CAPITAL AND RESERVES

Called up share capital

7

720

720

Retained earnings

(320,494

)

(302,241

)

SHAREHOLDERS' FUNDS

(319,774

)

(301,521

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 15 January 2026 and were signed on its behalf by:

C J Hunter - Director

1.	STATUTORY INFORMATION

Lyza Aviation 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.

Going concern

The accounts have been prepared on the going concern basis. The directors have indicated that they will not be withdrawing money from their loan accounts until such time as the company becomes solvent.

Turnover

Turnover represents helicopter rentals invoiced and accrued during the year, net of value added tax.

Tangible fixed assets

Tangible fixed assets are recognised at cost less depreciation and impairment.

Depreciation rate on helicopters (excluding engine & gearbox costs) is calculated at 25% reducing balance.

Depreciation on engine and gearbox costs is calculated based on the number of hours flown during the year over the engine and gearbox useful economic life being 2200 flying hours.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

615,865

DEPRECIATION

At 1 June 2024

529,101

Charge for year

21,658

At 31 May 2025

550,759

NET BOOK VALUE

At 31 May 2025

65,106

At 31 May 2024

86,764

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,344

11,509

Other debtors

106,830

100,746

118,174

112,255

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,868

1,935

Other creditors

552,950

582,914

555,818

584,849

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

720

Ordinary

£1

720

720