REGISTERED NUMBER: 09343904 (England and Wales)

FALCO AVIATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J A Scaramuzza

REGISTERED OFFICE:

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

09343904 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

468

178

Investment property

6

250,000

257,000

250,468

257,178

CURRENT ASSETS

Debtors

7

-

4,352

Cash at bank

145,819

140,880

145,819

145,232

CREDITORS

Amounts falling due within one year

8

224,860

232,157

NET CURRENT LIABILITIES

(79,041

)

(86,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

171,427

170,253

PROVISIONS FOR LIABILITIES

10,218

11,896

NET ASSETS

161,209

158,357

CAPITAL AND RESERVES

Called up, paid and allotted share capital

1

1

Non-distributable reserves

9

30,303

35,553

Retained earnings

9

130,905

122,803

SHAREHOLDERS' FUNDS

161,209

158,357

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2026 and were signed by:

J A Scaramuzza - Director

1.	STATUTORY INFORMATION

Falco 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

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

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

410

521

931

Additions

-

567

567

At 31 December 2025

410

1,088

1,498

DEPRECIATION

At 1 January 2025

387

366

753

Charge for year

6

271

277

At 31 December 2025

393

637

1,030

NET BOOK VALUE

At 31 December 2025

17

451

468

At 31 December 2024

23

155

178

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

257,000

Revaluations

(7,000

)

At 31 December 2025

250,000

NET BOOK VALUE

At 31 December 2025

250,000

At 31 December 2024

257,000

Investment property was valued on an open market basis on 31 December 2025 by the director.

If investment property had not been revalued it would have been included at historical cost totalling £209,596.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

4,352

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

18,398

17,721

Other creditors

206,462

214,436

224,860

232,157

9.

RESERVES

Retained

Non-distributable

earnings

reserves

Totals

£

£

£

At 1 January 2025

122,803

35,553

158,356

Profit for the year

46,622

46,622

Dividends

(43,770

)

(43,770

)

Trf of revaluation gain/loss

5,250

(5,250

)

-

At 31 December 2025

130,905

30,303

161,208

10.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, loans in aggregate of £8,460 were repaid by the company. At the year end the director was owed £204,398 from the company.