REGISTERED NUMBER: 15408863 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Specialist Aviation Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D F Hammond

REGISTERED OFFICE:

Aerospace Logistics Centre

Unit 2b Dunhams Lane

Letchworth

Hertfordshire

SG6 1BE

REGISTERED NUMBER:

15408863 (England and Wales)

AUDITORS:

Godfrey Laws Audit Limited

65 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Investment property

4

-

1,765,000

CURRENT ASSETS

Debtors

5

681,865

-

Cash at bank

413,203

327

1,095,068

327

CREDITORS

Amounts falling due within one year

6

922,989

1,180,739

NET CURRENT ASSETS/(LIABILITIES)

172,079

(1,180,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

172,079

584,588

CREDITORS

Amounts falling due after more than one year

7

-

(229,319

)

PROVISIONS FOR LIABILITIES

-

(144,213

)

NET ASSETS

172,079

211,056

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

171,979

210,956

SHAREHOLDERS' FUNDS

172,079

211,056

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 26 May 2026 and were signed by:

D F Hammond - Director

1.	STATUTORY INFORMATION

Specialist Aviation Properties 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 as modified by the revaluation of certain assets.

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.

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.

During the year the investment property was sold.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

1,765,000

Disposals

(1,765,000

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

1,765,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

681,865

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

414

-

Amounts owed to group undertakings

916,187

920,342

Taxation and social security

4,888

4,767

Other creditors

1,500

255,630

922,989

1,180,739

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

229,319

8.	SECURED DEBTS

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

Cabinair Services Ltd

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary

£1

100

100

10.	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

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts are due from/(to) companies under common control

31.8.2025

31.8.2024

£

£

Specialist Aviation Holding Limited

681,865

(100

)

Specialist Aviation Limited

(916,187

)

(920,242

)

The controlling party is D F Hammond.

12.	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.