BrightAccountsProduction v1.0.0 v1.0.0 2024-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is an advanced training school and air operator. 30 January 2026 2 2 NI611345 2025-08-31 NI611345 2024-02-29 NI611345 2023-02-28 NI611345 2024-03-01 2025-08-31 NI611345 2023-03-01 2024-02-29 NI611345 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-08-31 NI611345 uk-curr:PoundSterling 2024-03-01 2025-08-31 NI611345 uk-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-08-31 NI611345 uk-bus:FullAccounts 2024-03-01 2025-08-31 NI611345 uk-core:ShareCapital 2025-08-31 NI611345 uk-core:ShareCapital 2024-02-29 NI611345 uk-core:RetainedEarningsAccumulatedLosses 2025-08-31 NI611345 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI611345 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-08-31 NI611345 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 NI611345 uk-core:RetainedEarningsAccumulatedLosses 2024-03-01 2025-08-31 NI611345 uk-bus:FRS102 2024-03-01 2025-08-31 NI611345 uk-core:LandBuildings 2024-03-01 2025-08-31 NI611345 uk-core:PlantMachinery 2024-03-01 2025-08-31 NI611345 uk-core:FurnitureFittingsToolsEquipment 2024-03-01 2025-08-31 NI611345 uk-core:MotorVehicles 2024-03-01 2025-08-31 NI611345 uk-core:CurrentFinancialInstruments 2025-08-31 NI611345 uk-core:CurrentFinancialInstruments 2024-02-29 NI611345 uk-core:WithinOneYear 2025-08-31 NI611345 uk-core:WithinOneYear 2024-02-29 NI611345 uk-core:WithinOneYear 2025-08-31 NI611345 uk-core:WithinOneYear 2024-02-29 NI611345 uk-core:AfterOneYear 2025-08-31 NI611345 uk-core:AfterOneYear 2024-02-29 NI611345 uk-core:BetweenOneTwoYears 2025-08-31 NI611345 uk-core:BetweenOneTwoYears 2024-02-29 NI611345 uk-core:EmployeeBenefits 2024-02-29 NI611345 uk-core:EmployeeBenefits 2024-03-01 2025-08-31 NI611345 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-08-31 NI611345 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-08-31 NI611345 uk-core:OtherDeferredTax 2025-08-31 NI611345 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-08-31 NI611345 uk-core:EmployeeBenefits 2025-08-31 NI611345 2024-03-01 2025-08-31 NI611345 uk-bus:Director1 2024-03-01 2025-08-31 NI611345 uk-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-08-31 xbrli:pure iso4217:GBP iso4217:EUR xbrli:shares

Company Registration Number: NI611345

Cutting Edge Helicopters Ltd

Unaudited Financial Statements

for the financial period ended 31 August 2025

Cutting Edge Helicopters Ltd

Company Registration Number: NI611345

BALANCE SHEET

as at 31 August 2025

|  |  | Aug 25 |  | Feb 24
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 5 | 305,566 |  | 250,123
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 6 | 671,886 |  | 514,138
Cash at bank and in hand |  |  | 134,565 |  | 191,429
|  |  | ───────── |  | ─────────
|  |  | 806,451 |  | 705,567
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 7 | (559,158) |  | (482,069)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 247,293 |  | 223,498
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 552,859 |  | 473,621
Creditors:

amounts falling due after more than one year |  | 8 | - |  | (13,467)
Provisions for liabilities |  | 9 | (74,029) |  | (56,559)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 478,830 |  | 403,595
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 2 |  | 2
Retained earnings |  |  | 478,828 |  | 403,593
|  |  | ───────── |  | ─────────
Shareholders' Funds |  |  | 478,830 |  | 403,595
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial period ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.

Approved by the Director and authorised for issue on 30 January 2026

________________________________ |  |  |  |  |
Mr Jason Porter |  |  |  |  |
Director |  |  |  |  |

Cutting Edge Helicopters Ltd

RECONCILIATION OF SHAREHOLDERS' FUNDS

as at 31 August 2025

| Called up | Retained | Total
| share | earnings |
| capital |  |
| £ | £ | £
At 1 March 2023

as previously stated | - | 540,178 | 540,178
Prior financial year error correction | - | (50,573) | (50,573)
| ───────── | ───────── | ─────────
At 1 March 2023 | - | 489,605 | 489,605
| ───────── | ───────── | ─────────
Loss for the financial year | - | (86,012) | (86,012)
| ───────── | ───────── | ─────────
At 29 February 2024 | 2 | 403,593 | 403,595
| ───────── | ───────── | ─────────
Profit for the financial period | - | 75,235 | 75,235
| ───────── | ───────── | ─────────
At 31 August 2025 | 2 | 478,828 | 478,830
| ═════════ | ═════════ | ═════════

Cutting Edge Helicopters Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial period ended 31 August 2025

1. | General Information
| Cutting Edge Helicopters Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI611345. The registered office of the company is 17b Airfield Road, Eglinton, Derry, BT47 3PZ, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial period ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. Freehold land is stated at cost and is not depreciated. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Land and buildings freehold | - | 10% Straight line
|  | Plant and machinery | - | 10% Straight line
|  | Fixtures, fittings and equipment | - | 25% Reducing Balance
|  | Motor vehicles | - | 25% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| 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 company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.
| Prior period adjustment
| A prior period adjustment has been done to include deferred tax, as per policy noted above, as this has not previously been included. The balance sheet for year ended 28 February 2024 now includes a deferred tax liability of £56,559 with the movement of £5,985 included in the profit and loss for the year ended 28 February 2024. The brought forward reserves for 01 March 2023 has been updated to £489,605 and the brought forward reserves at 01 March 2024 has been updated to £403,593.

3. | Period of financial statements
| The financial statements are for the 18 month period ended 31 August 2025.

4. | Employees
| The average monthly number of employees, including director, during the financial period was
|  | Aug 25 | Feb 24
|  | Number | Number
| Employees | 2 | 2
|  | ═════════ | ═════════

5. | Tangible assets
|  | Land and | Plant and | Fixtures, | Motor | Total
|  | buildings | machinery | fittings and | vehicles |
|  | freehold |  | equipment |  |
|  | £ | £ | £ | £ | £
| Cost
| At 1 March 2024 | 38,500 | 339,371 | 35,978 | 26,195 | 440,044
| Additions | - | 137,737 | 2,255 | - | 139,992
| Disposals | - | - | - | (5,500) | (5,500)
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 August 2025 | 38,500 | 477,108 | 38,233 | 20,695 | 574,536
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 March 2024 | 25,900 | 125,401 | 21,788 | 16,832 | 189,921
| Charge for the financial period | 3,150 | 71,266 | 6,227 | 3,274 | 83,917
| On disposals | - | - | - | (4,868) | (4,868)
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 August 2025 | 29,050 | 196,667 | 28,015 | 15,238 | 268,970
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 August 2025 | 9,450 | 280,441 | 10,218 | 5,457 | 305,566
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| At 29 February 2024 | 12,600 | 213,970 | 14,190 | 9,363 | 250,123
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════

6. | Debtors | Aug 25 | Feb 24
|  | £ | £
| Trade debtors | 302,065 | 233,152
| Other debtors | 351,872 | 271,872
| Taxation | - | 8,426
| Prepayments and accrued income | 17,949 | 688
|  | ───────── | ─────────
|  | 671,886 | 514,138
|  | ═════════ | ═════════

7. | Creditors | Aug 25 | Feb 24
| Amounts falling due within one year | £ | £
| Bank loan | 8,777 | 10,648
| Trade creditors | 414,770 | 373,814
| Taxation | 27,170 | 9,780
| Director's current account | 66,188 | 66,849
| Other creditors | 181 | -
| Accruals and deferred income | 42,072 | 20,978
|  | ───────── | ─────────
|  | 559,158 | 482,069
|  | ═════════ | ═════════

8. | Creditors | Aug 25 | Feb 24
| Amounts falling due after more than one year | £ | £
| Bank loan | - | 13,467
|  | ═════════ | ═════════
| Loans
| Repayable in one year or less, or on demand (Note 7) | 8,777 | 10,648
| Repayable between one and two years | - | 13,467
|  | ───────── | ─────────
|  | 8,777 | 24,115
|  | ═════════ | ═════════

9. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital |  | Total | Total
|  | allowances |  |  |
|  |  |  | Aug 25 | Feb 24
|  | £ | £ | £ | £
| At financial period start | 59,381 | (2,822) | 56,559 | -
| Charged to profit and loss | 14,648 | 2,822 | 17,470 | 56,559
|  | ───────── | ───────── | ───────── | ─────────
| At financial period end | 74,029 | - | 74,029 | 56,559
|  | ═════════ | ═════════ | ═════════ | ═════════

10. | Capital commitments
| The company had no material capital commitments at the financial period-ended 31 August 2025.

11. | Related party transactions
| At the start of the year, the director was owed £66,849 from the company. During the year Cutting Edge Helicopters Ltd borrowed £235 and repaid £896 to the director. At the year end, the director is owed £66,188 (2024: £66,849) from Cutting Edge Helicopters Ltd and this is included in the creditors section of the balance sheet. The director of this company, Mr Porter, is also a director and 100% shareholder of Cutting Edge Helicopter Maintenance Ltd. At the year end Cutting Edge Helicopter Maintenance Ltd owes Cutting Edge Helicopters Ltd £351,872 (2024: £271,872) and this is included in the debtors section of the balance sheet.

12. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial period-end.