REGISTERED NUMBER: 05505091 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PILOTBASE LIMITED

Page

Company Information

1

Report of the Accountants

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr H B Kotecha

SECRETARY:

Mr H C Kotecha

REGISTERED OFFICE:

128 Berry Lane

Rickmansworth

Hertfordshire

WD3 4BT

REGISTERED NUMBER:

05505091 (England and Wales)

ACCOUNTANTS:

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

6 May 2026

FIXED ASSETS

Investment property

4

1,468,088

1,474,465

CURRENT ASSETS

Debtors

5

31,000

1,000

Cash at bank

27,502

38,215

58,502

39,215

CREDITORS

Amounts falling due within one year

6

5,584

6,504

NET CURRENT ASSETS

52,918

32,711

TOTAL ASSETS LESS CURRENT LIABILITIES

1,521,006

1,507,176

CREDITORS

Amounts falling due after more than one year

7

1,256,999

1,256,999

NET ASSETS

264,007

250,177

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

264,006

250,176

SHAREHOLDERS' FUNDS

264,007

250,177

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 May 2026 and were signed by:

Mr H B Kotecha - Director

1.	STATUTORY INFORMATION

Pilotbase 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.

Turnover

Turnover represents rents receivable, net of value added tax. Turnover is recognised on a rent receivable basis to the balance sheet date.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,594,229

DEPRECIATION

At 1 January 2025

119,764

Charge for year

6,377

At 31 December 2025

126,141

NET BOOK VALUE

At 31 December 2025

1,468,088

At 31 December 2024

1,474,465

In the opinion of the directors the market value of the Investment Property is not materially different from its cost value as stated in the accounts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

31,000

1,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,352

1,741

Other creditors

4,232

4,763

5,584

6,504

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,256,999

1,256,999

Other creditors represents loan from shareholder which is interest free and with no specified terms for repayment.

8.	OTHER FINANCIAL COMMITMENTS

Included within creditors is a loan from the shareholder of £1,169,999 (2024: £1,169,999) which is interest free and with no specific terms for repayment.

Included within creditors is a loan from the shareholder of £87,000 (2024: £87,000) which has interest charged at 5% with no specific terms for repayment.