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Registered number: 05374863
R Aero UK Limited
Financial statements
Information for filing with the registrar
For the Year Ended 31 December 2025
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R Aero UK Limited
Registered number: 05374863
Balance Sheet
As at 31 December 2025
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Debtors due within 1 year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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C M MacLeod
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The notes on pages 2 to 10 form part of these financial statements.
Page 1
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
The company is a private company limited by share capital and incorporated in England and Wales. The company registration number is 05374863.
The address of the company's registered office is 20 London Road, Horsham, West Sussex, RH12 1AY.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis, as the directors are of the understanding that no material uncertainties exist.
The directors have considered the level of reserves held and the expected level of income and expenditure for at least 12 months from the date of authorising these financial statements. Their considerations have taken into account the previous impact of the COVID-19 pandemic and various other external factors, including the effect of those factors on the aviation sector, and the directors have concluded that it is appropriate to continue to adopt the going concern basis in preparing the financial statements as outlined in the Directors' Responsibilities statement.
Page 2
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP. The company considers this to be the functional currency because the most significant cost driver of the sales price is the personnel cost of the engineering team, who are UK employees.
Monetary amounts in these financial statements are rounded to the nearest £.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Page 3
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
The stage of completion is calculated with reference to the completion of specific activities and milestones within an engagement.
Revenue is also recognised from subscription fees received for access to software.
Revenue represents the value of work carried out in respect of services provided to Royal Aero GmbH. The turnover and profit before tax are attributable to the one principal activity of the company.
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Operating leases: the Company as lessor
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Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.
Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Interest income is recognised in profit or loss using the effective interest method.
Page 4
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is provided on the following bases:
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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Impairment of fixed assets and goodwill
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Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
Page 5
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions. Financial assets and
liabilities are recognised when the Company becomes a party to the contractual provisions of the
instrument.
Cash and cash equivalents
These comprise cash at bank and other short term highly liquid investments that mature in no more
than three months from the date of acquisition.
Debtors
Debtors do not carry any interest and are stated at their transaction price. Appropriate allowances
for estimated irrecoverable amounts are recognised in the Profit and loss account where there is
objective evidence that the asset is impaired.
Creditors
Short term creditors are not interest bearing and are stated at their transaction price.
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The average monthly number of employees, including directors, during the year was 13 (2024 - 10).
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Page 6
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
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Charge for the year on owned assets
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Page 7
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
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Charge for the year on owned assets
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Amounts owed by group undertakings
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Prepayments and accrued income
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Page 8
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Credited to profit or loss
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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Allotted, called up and fully paid
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1 (2024 - 1) Ordinary shares share of £1
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The Company operates a defined contributions 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 £74,910 (2024 - £63,821).
Page 9
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R Aero UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
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Commitments under operating leases as a lessor
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At the balance sheet date, the company had contracted with tenants for the future minimum lease receipts as shown in the table below.
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Related party transactions
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The company has taken advantage of the exemption from disclosure of the transactions and balances with other companies within the Royal Aero GmbH group as the accounts of the company are included within the consolidated accounts of the group as disclosed in Note 14.
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The immediate parent company is Royal Aero GmbH. The smallest and largest group in which the accounts of the company are consolidated is Royal Aero GmbH, a company registered at Maxlrainer Strasse 12, 83714 Miesbach, Germany.
The ultimate controlling party is C M MacLeod who holds a controlling interest in Royal Aero GmbH through Lewis Finance Equity GmbH.
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 27 April 2026 by James Peach FCA (Senior Statutory Auditor) on behalf of Kreston Reeves Audit LLP.
Page 10
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