Company registration number: 15058522
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
Wings Taking Flight SR22G3 Limited
Pages for filing with the Registrar
Company registration number: 15058522
Wings Taking Flight SR22G3 Limited
Balance sheet
as at 31 August 2025
31 Aug 25 31 Aug 24
Note £ £ £ £
Fixed assets
Tangible assets 4 205,000 288,000
205,000 288,000
Current assets
Debtors - 1
- 1
Creditors: amounts falling due within one
year 		(348,231) (337,896)
Net current liabilities (348,231) (337,895)
Total assets less current liabilities (143,231) (49,895)
NET LIABILITIES (143,231) (49,895)
Capital and reserves
Called up share capital 1 1
Profit and loss account (143,232) (49,896)
TOTAL EQUITY (143,231) (49,895)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 15058522
Wings Taking Flight SR22G3 Limited
Balance sheet - continued
as at 31 August 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 May 2026 and signed on its behalf by:
C Hill, Director
29 May 2026
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Wings Taking Flight SR22G3 Limited
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Wings Taking Flight SR22G3 Limited is a private company registered in England and Wales. Its registered number is 15058522. The company is limited by shares. Its registered office is Oaktree Farm The Green, Hilton, Huntingdon, PE28 9NB.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Plant and machinery etc.:
Plant and machinery - 10% reducing balance
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2024 320,000
Impairments (54,200)
At 31 August 2025 265,800
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Wings Taking Flight SR22G3 Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
4 Tangible fixed assets - continued
Depreciation
At 1 September 2024 32,000
Charge for year 28,800
At 31 August 2025 60,800
Net book value
At 31 August 2025 205,000
At 31 August 2024 288,000
5 Impairment of tangible fixed assets
Following a review of the carrying value of the company's aircraft, the directors concluded that an impairment indicator existed at the balance sheet date. In reaching this conclusion, the directors considered independent broker valuations obtained after the reporting date, together with evidence from attempts to market the aircraft during the year.

The directors determined that the recoverable amount of the aircraft at 31 August 2025 was £205,000. Accordingly, an impairment loss of £54,200 has been recognised in the profit and loss account for the year ended 31 August 2025.

Following recognition of the impairment, the aircraft is carried in the balance sheet at £205,000.
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