REGISTERED NUMBER: 05874671 (England and Wales)

Unaudited Financial Statements

for the Period

1st August 2025 to 31st March 2026

for

Gemstone Aviation Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D J Blakemore

REGISTERED OFFICE:

Enstone Aerodrome

Church Enstone

Chipping Norton

Oxfordshire

OX7 4NS

REGISTERED NUMBER:

05874671 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

-

3,776

CURRENT ASSETS

Stocks

-

841,849

Debtors

472,248

255,097

Cash at bank

749,861

106,204

1,222,109

1,203,150

CREDITORS

Amounts falling due within one year

566,512

263,643

NET CURRENT ASSETS

655,597

939,507

TOTAL ASSETS LESS CURRENT LIABILITIES

655,597

943,283

CREDITORS

Amounts falling due after more than one year

-

332,715

NET ASSETS

655,597

610,568

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

655,477

610,448

SHAREHOLDERS' FUNDS

655,597

610,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31st March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 8th May 2026 and were signed by:

D J Blakemore - Director

1.	STATUTORY INFORMATION

Gemstone Aviation Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2025

21,216

Disposals

(21,216

)

At 31st March 2026

-

DEPRECIATION

At 1st August 2025

17,440

Eliminated on disposal

(17,440

)

At 31st March 2026

-

NET BOOK VALUE

At 31st March 2026

-

At 31st July 2025

3,776

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director Mr C Dawes, £Nil (2025: £15,000). This loan, included in Creditors, is interest free and repayable on demand.

At the balance sheet date the company owed the directors, Mr H Burkal, £Nil (2025: £15,000). This loan, included in Creditors, is interest free and repayable on demand.