REGISTERED NUMBER: 04149509 (England and Wales)

Kilo Aviation Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

JP Trevor

P Belshaw

REGISTERED OFFICE:

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

REGISTERED NUMBER:

04149509 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Tangible assets

4

3,983,762

4,066,757

CURRENT ASSETS

Debtors

5

72,996

49,874

Cash at bank

37,825

31,230

110,821

81,104

CREDITORS

Amounts falling due within one year

6

105,349

44,703

NET CURRENT ASSETS

5,472

36,401

TOTAL ASSETS LESS CURRENT LIABILITIES

3,989,234

4,103,158

CREDITORS

Amounts falling due after more than one year

7

(3,928,947

)

(3,928,947

)

PROVISIONS FOR LIABILITIES

9

(3,457

)

(21,160

)

NET ASSETS

56,830

153,051

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

55,830

152,051

SHAREHOLDERS' FUNDS

56,830

153,051

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

JP Trevor - Director

1.	STATUTORY INFORMATION

Kilo 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 (£).

The amounts in the financial statements have been rounded to the nearest £1.

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 the net invoiced hire of aircraft, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right consideration.

Tangible fixed assets

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

Aircraft

-

2% on cost

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Aircraft

£

COST

At 1 September 2024

and 31 August 2025

4,149,752

DEPRECIATION

At 1 September 2024

82,995

Charge for year

82,995

At 31 August 2025

165,990

NET BOOK VALUE

At 31 August 2025

3,983,762

At 31 August 2024

4,066,757

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

66,122

43,000

Other debtors

6,874

6,874

72,996

49,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

27,151

29,031

Taxation and social security

3,985

7,922

Other creditors

74,213

7,750

105,349

44,703

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

3,928,947

3,928,947

Included within other creditors is an amount due to the directors of £2,805,647 (2024: £2,805,647). This amount is unsecured and interest free.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other Creditors

1,123,300

1,123,300

At 31 August 2025, the company had secured liabilities of £1,123,300 secured against an aircraft included within tangible fixed assets.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

60,238

27,595

Tax losses carried forward

(56,781

)

(6,435

)

3,457

21,160

Deferred tax

£

Balance at 1 September 2024

21,160

Credit to Statement of Income and Retained Earnings during year

(17,703

)

Balance at 31 August 2025

3,457

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

1

1,000

1,000

11.	RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by JP Trevor and P Belshaw.