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COMPANY REGISTRATION NUMBER: 07899687

PETRUSAIR LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 May 2025

PETRUSAIR LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Current assets

Debtors | 4 | 34,354 |  | 40,842
Cash at bank and in hand | 19,120 |  | 4,460
| --------- |  | ---------
| 53,474 |  | 45,302

Creditors: amounts falling due within one year | 5 | 15,896 |  | 22,517
| --------- |  | ---------
Net current assets |  | 37,578 | 22,785
|  | --------- | ---------
Total assets less current liabilities |  | 37,578 | 22,785
|  | --------- | ---------
Net assets |  | 37,578 | 22,785
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | 37,577 | 22,784
|  | --------- | ---------
Shareholders funds |  | 37,578 | 22,785
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PETRUSAIR LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 7 January 2026 , and are signed on behalf of the board by:

Mr A Cunningham |
Director |

Company registration number: 07899687

PETRUSAIR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. The director considers that the uncertainty caused in the Aviation Consultancy industry as a result of Coronavirus and the recovery from the restrictions that were put in place by the government should not materially affect the company's ability to continue as a going concern in the long term. This assumption has been continued as the economy is hit with the cost of living crisis, and effects of the war in Ukraine.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 5,392
Other debtors | 34,354 | 35,450
| --------- | ---------
| 34,354 | 40,842
| --------- | ---------

5. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Corporation tax | 13,642 | 20,547
Other creditors | 2,254 | 1,970
| --------- | ---------
| 15,896 | 22,517
| --------- | ---------

6. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr A Cunningham | ( 170) | ( 283) | ( 453)
|  | ---- | ---- | ----

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr A Cunningham | ( 267) | 97 | ( 170)
|  | ---- | ---- | ----

7. Related party transactions
The company was under the control of Mr A Cunningham throughout the period. Mr A Cunningham is the managing director and the sole shareholder.