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Registration number: 14829669

Sora Aviation Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Pages for filing with Registrar

Sora Aviation Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Sora Aviation Ltd

Company Information

Directors | F Afzal M Foster

Registered office | Future Space Bristol Uwe North Gate Filton Road Bristol BS34 8RB

Registered number | 14829669

Accountant | Corrigan Accountants Limited 1st Floor 25 King Street Bristol BS1 4PB

Sora Aviation Ltd

(Registration number: 14829669)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 11,302 | 10,201
Current assets |  |  |
Debtors | 5 | 159,479 | 24,321
Cash at bank and in hand |  | 2,192,811 | 310,553
|  | 2,352,290 | 334,874
Creditors: Amounts falling due within one year | 6 | (76,295) | (11,282)
Net current assets |  | 2,275,995 | 323,592
Net assets |  | 2,287,297 | 333,793
Capital and reserves |  |  |
Called up share capital | 7 | 119 | 119
Share premium reserve |  | 839,871 | 824,882
Other reserves |  | 2,109,471 | -
Profit and loss account |  | (662,164) | (491,208)
Total equity |  | 2,287,297 | 333,793

Sora Aviation Ltd

(Registration number: 14829669)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 4 June 2026 and signed on its behalf by:

.........................................

F Afzal
Director

Sora Aviation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Future Space Bristol
Uwe North Gate
Filton Road
Bristol
BS34 8RB

2 | Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Government grants

Government grants are recognised using the accrual model. Grant income is recognised at the fair value of the amount receivable when there is reasonable assurance that the company will comply with the conditions attaching to the grant and that the grant will be received. Grant income is recognised in profit or loss in the same period as the related qualifying expenditure is incurred.

Sora Aviation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Computer equipment | 33% straight-line
Plant and Machinery | 25%% - 33% straight-line

Research and development costs

Research and development costs are written off to profit or loss in the year incurred.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Sora Aviation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2025 - 8).

Sora Aviation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible fixed assets

| Plant and machinery £ | Computer equipment £ | Total £
Cost
At 1 April 2025 | 13,605 | - | 13,605
Additions | 915 | 4,062 | 4,977
At 31 March 2026 | 14,520 | 4,062 | 18,582
Depreciation
At 1 April 2025 | 3,404 | - | 3,404
Charge for the year | 3,579 | 297 | 3,876
At 31 March 2026 | 6,983 | 297 | 7,280
Carrying amount
At 31 March 2026 | 7,537 | 3,765 | 11,302
At 31 March 2025 | 10,201 | - | 10,201

Sora Aviation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Debtors: amounts falling due within one year

| 2026 £ | 2025 £
Prepayments and accrued income | 144,786 | -
Other debtors | 14,693 | 24,321
| 159,479 | 24,321

6 | Creditors

| 2026 £ | 2025 £
Amounts falling due within one year |  |
Trade creditors | 44,282 | -
Taxation and social security | 20,422 | 9,447
Other creditors | 5,156 | 1,835
Accruals | 6,435 | -
| 76,295 | 11,282

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £0.0001 (2025 - £0.10) each | 1,188,318 | 119 | 1,187 | 119

During the year, the company subdivided its issued ordinary share capital. Each existing ordinary share of £0.10 was subdivided into 1,000 ordinary shares of £0.0001 each. As a result, the number of issued ordinary shares increased from 1,187 to 1,187,000. The total nominal value of the issued share capital remained unchanged.
Subsequently, 1,318 ordinary shares with an aggregate nominal value of £0.132 were allotted for an aggregate consideration of £14,990.

Sora Aviation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8 | Obligations under leases

Operating leases

The total of future minimum lease payments is as follows:

| 2026 £ | 2025 £
Not later than one year | 3,580 | -

9 | Non adjusting events after the financial period

After the year end, a further 188,686 Ordinary shares with an aggregate nominal value of £11.87 were allotted for an aggregate consideration of £2,145,967.
Of this amount, £2,109,471 had been received before the year end and is included within equity as a share application reserve at the year end.