Company registration number 14874789 (England and Wales)
WAHAMA AER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
WAHAMA AER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WAHAMA AER LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
582,298
582,298
Current assets
Cash at bank and in hand
52
52
Creditors: amounts falling due within one year
4
-
0
(4,260)
Net current assets/(liabilities)
52
(4,208)
Total assets less current liabilities
582,350
578,090
Creditors: amounts falling due after more than one year
5
(265,350)
(330,600)
Net assets
317,000
247,490
Capital and reserves
Called up share capital
6
120
120
Share premium account
208,220
208,220
Profit and loss reserves
108,660
39,150
Total equity
317,000
247,490

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the board of directors and authorised for issue on 24 June 2026 and are signed on its behalf by:
T Haviland
D Warren
Director
Director
Company registration number 14874789 (England and Wales)
WAHAMA AER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Wahama Aer Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/o 3 Coventry Innovation Village, Cheetah Road, Coventry, CV1 2TL Smethwick Works, Unit 9 Spring Road, Birmingham, B66 1PE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

WAHAMA AER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
582,298
582,298
4
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
-
0
4,260
5
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Other borrowings
265,350
330,600

On 11 September 2023 the company issued unsecured loan notes 2030 to the value of £369,750. Interest will be charged at 2% above base rate commencing 11 September 2028 on amounts outstanding on the loan notes from that date.

6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A1 Ordinary shares of 1p each
2,121
2,121
21
21
A2 Ordinary shares of 1p each
1,299
1,299
13
13
C Ordinary shares of 1p each
420
420
4
4
D Ordinary shares of 1p each
5,220
5,220
52
52
E Ordinary shares of 1p each
2,940
2,940
30
30
12,000
12,000
120
120

A1 ordinary shares, A2 ordinary shares, C ordinary shares, D Ordinary shares and E Ordinary shares all rank equally in respect of voting rights, entitlement to receive dividends and capital.

WAHAMA AER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
7
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Key management personnel
236,285
294,398

The amount owed to key management personnel is interest free until 10 September 2028 and interest will be charged at 2% above base rate commencing 11 September 2028 on amounts outstanding from that date.

The amount owed to key management personnel is repayable by 11 September 2030.

The company has taken advantage of the exemption under the terms of FRS102 not to disclose related party transactions with wholly owned companies within the group.

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