REGISTERED NUMBER: 05845889 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Cabinair Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D F Hammond

V M Giacovelli

REGISTERED OFFICE:

Aerospace Logistics Centre

Unit 2B

Dunhams Lane

Letchworth Garden City

Hertfordshire

SG6 1BE

REGISTERED NUMBER:

05845889 (England and Wales)

AUDITORS:

Godfrey Laws Audit Limited

65 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Tangible assets

4

258,022

214,297

Investments

5

565,161

350,099

823,183

564,396

CURRENT ASSETS

Stocks

551,332

459,441

Debtors

6

2,625,249

1,528,106

Cash at bank

833,983

341,126

4,010,564

2,328,673

CREDITORS

Amounts falling due within one year

7

2,169,796

1,439,590

NET CURRENT ASSETS

1,840,768

889,083

TOTAL ASSETS LESS CURRENT LIABILITIES

2,663,951

1,453,479

CREDITORS

Amounts falling due after more than one year

8

(30,000

)

(60,000

)

PROVISIONS FOR LIABILITIES

(28,640

)

(28,753

)

NET ASSETS

2,605,311

1,364,726

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

2,605,211

1,364,626

SHAREHOLDERS' FUNDS

2,605,311

1,364,726

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 Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

D F Hammond - Director

1.	STATUTORY INFORMATION

Cabinair Services Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Cabinair Services Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Specialist Aviation Holding Ltd, Aerospace Logistics Centre,Unit 2B Dunhams Lane, Letchworth Garden City, Hertfordshire, SG6 1BE.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consist of cabin maintenance for aircraft.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

over the period of the lease

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Office equipment

-

25% on cost

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 September 2024

21,356

88,588

338,434

Additions

-

80,262

9,928

At 31 August 2025

21,356

168,850

348,362

DEPRECIATION

At 1 September 2024

1,780

14,336

267,694

Charge for year

4,271

13,344

37,440

At 31 August 2025

6,051

27,680

305,134

NET BOOK VALUE

At 31 August 2025

15,305

141,170

43,228

At 31 August 2024

19,576

74,252

70,740

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

163,263

19,285

56,247

687,173

Additions

15,553

-

9,347

115,090

At 31 August 2025

178,816

19,285

65,594

802,263

DEPRECIATION

At 1 September 2024

136,770

16,702

35,594

472,876

Charge for year

7,741

1,000

7,569

71,365

At 31 August 2025

144,511

17,702

43,163

544,241

NET BOOK VALUE

At 31 August 2025

34,305

1,583

22,431

258,022

At 31 August 2024

26,493

2,583

20,653

214,297

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 September 2024

and 31 August 2025

78,120

DEPRECIATION

At 1 September 2024

48,175

Charge for year

15,624

At 31 August 2025

63,799

NET BOOK VALUE

At 31 August 2025

14,321

At 31 August 2024

29,945

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 September 2024

200,100

149,999

350,099

Additions

215,162

-

215,162

Disposals

(100

)

-

(100

)

At 31 August 2025

415,162

149,999

565,161

NET BOOK VALUE

At 31 August 2025

415,162

149,999

565,161

At 31 August 2024

200,100

149,999

350,099

During the year the company purchased 100% interest in 360 Aerospace LLC and disposed their interest in Aeroknow Ltd.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

1,008,684

887,511

Amounts owed by group undertakings

19,699

4,787

Amounts owed by associates

801,302

106,493

Other debtors

795,564

529,315

2,625,249

1,528,106

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 9)

-

19,095

Trade creditors

596,541

238,556

Amounts owed to group undertakings

608,884

499,888

Taxation and social security

81,383

41,692

Other creditors

882,988

640,359

2,169,796

1,439,590

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

30,000

60,000

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

-

19,095

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

319,043

280,400

Between one and five years

816,942

934,078

1,135,985

1,214,478

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts

-

19,095

Securities include:

Fixed and floating charge created in favour of LLoyds Bank to cover all property or undertaking of the company. The charge includes a negative pledge.

Fixed and floating charge created in favour of Aldermore Bank PLC to cover all property or undertaking of the company. The charge was satisfied after the year end.

The company has an omnibus guarantee and set off agreement with it's fellow group companies:

Specialist Aviation Ltd

SATTO Solutions Ltd

HSM Aero Ltd

Specialist Aviation Holding Ltd

Specialist Aviation Properties Ltd

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary

£1

90

90

10

Growth shares

£1

10

10

100

100

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Howard Ashmore FCA (Senior Statutory Auditor)

for and on behalf of Godfrey Laws Audit Limited

13.	RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts are due from companies under common control:

31.8.2025

31.8.2024

£

£

SATTO Solutions Ltd

4,787

4,787

360 Aerospace LLC

14,912

-

At the balance sheet date, the following amounts are due to companies under common control

31.8.2025

31.8.2024

£

£

Specialist Aviation Holdings Ltd

608,883

444,123

HSM Aero Ltd

-

55,765

Aeroknow Ltd

-

100

Aeroknow SIA

60,000

90,000

During the year the company traded with the following associated companies

31.8.2025

31.8.2024

£

£

SATTO Repair Centre US C Corp

Amounts due from from associated company

801,302

106,493

The controlling party is D F Hammond.

14.	ULTIMATE PARENT COMPANY

During the year, the ultimate parent company and controlling party was Specialist Aviation Holdings Limited.

Subsequent to the year end, the ultimate parent company was changed to DH Holdings Limited.

The registered office of the ultimate parent company is:

Aerospace Logistics Centre

Fifth Avenue

Letchworth Garden City

Herts

SG6 2TS

The ultimate parent company is incorporated in England and Wales.