Avico UK Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Avico UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16015261 . The registered office is Southpoint Old Brighton Road, Lowfield Heath, Crawley, West Sussex, RH11 0PR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

These financial statements show a net liability position of £466,401 at the reporting date.

The company is in the early stages of establishing itself in the UK market and as such is expected to be loss making for the foreseeable future.

The company has reviewed its funding requirements and with the continued support of its parent company, the company will be able to meet its liabilities and obligations as they fall due.

The parent company has committed to providing ongoing support and as such, the loans due from the parent company are shown as a long-term creditor.

Based on the above assurances, these financial statements are prepared on the going concern basis.

The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

The company acts as principal in providing aircraft chartering and leasing services. Revenue is recognised at the gross value charged to customers when the company has substantially fulfilled its obligations under the charter or lease arrangement.

Revenue from flights or leasing arrangements that span reporting periods is recognised by reference to the stage of completion, where this can be reliably measured.

Direct payments to aircraft owners/operators and other service providers are recognised as cost of sales.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% straight line depreciation

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Avico UK Ltd

Notes to the Financial Statements (continued)

For the Period 14 October 2024 to 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 14 October 2024	8,766

As at 31 December 2025	8,766

Depreciation
As at 14 October 2024	-
Provided during the period	1,537

As at 31 December 2025	1,537

Net Book Value
As at 31 December 2025	7,229

As at 14 October 2024	8,766

5. Debtors

	31 December 2025
	£
Due within one year
Trade debtors	1,148,461
Other debtors	40,842

	1,189,303

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
Trade creditors	47,553
Other creditors	19,757
Taxation and social security	22,515

	89,825

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2025
	£
Other creditors	2,104,781

The above relates to amounts owed to the parent company

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Avico UK Ltd

Notes to the Financial Statements (continued)

For the Period 14 October 2024 to 31 December 2025

8. Share Capital

	31 December 2025
	£
Called Up Share Capital not Paid	3,300
Called Up Share Capital has been paid up	4,500

Amount of Allotted, Called Up Share Capital	7,800

On incorporation the company issued 780 ordinary shares at their par value of £10 each. As at 31st December 2025, £3,300 of the share capital remains unpaid.

9. Related Party Disclosures

Key management personnel

As the directors and key management personnel are deemed to be the same individuals, the company has taken advantage of the exemptions in FRS102 Section 33.7A and this information is presented in note 4 of the financial statements.

Transactions with related parties

During the year the company entered into the following transactions with related parties:

Amounts due to related parties

	2025
	£
Entities with control over the company	2,104,781

Amounts due to related parties are owed to a company which has control over the company. The balance bears interest at Euribor 3 months plus 2%, is unsecured, and is repayable more than one year from the balance sheet date.

10. Controlling Parties

At the balance sheet date, the parent undertaking by virtue of its majority shareholding in the company is Aviation Et Cooperation SARL, 33 Avenue de Wagram, 75017, Paris, France.

Aviation Et Cooperation SARL is the parent undertaking of the largest group of undertakings to consolidate these financial statements at 31 December 2025.

The directors are of the opinion that there is no one overall controlling individual of the company.

11. Events after the reporting period

On 16 January 2026, the company issued 319 ordinary shares of £10 par value each, increasing the total number of issued shares from 780 to 1,099. The shares were issued at par, resulting in an increase in called-up share capital of £3,190. All shares issued carry the same rights and privileges as the existing ordinary shares in issue. As a consequence of this share issue, no individual shareholder now holds more than 50% of the company’s issued share capital and therefore no shareholder retains a majority ownership interest.

This event occurred after the balance sheet date and does not provide evidence of conditions that existed at that date. It has therefore, been disclosed as a non-adjusting event.

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Avico UK Ltd

Notes to the Financial Statements (continued)

For the Period 14 October 2024 to 31 December 2025

12. Audit Information

The auditor's report on the accounts of Avico UK Ltd for the period ended 31 December 2025 was unqualified.

The auditor's report was signed by Andrew Davis (Senior Statutory Auditor) for and on behalf of AMS Audit Limited , Statutory Auditor.

AMS Audit Limited

1 Hardman Street

Spinningfields

Manchester

M3 3HF

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		31 December 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		7,229

			7,229
CURRENT ASSETS
Debtors	5	1,189,303
Cash at bank and in hand		531,673

		1,720,976
Creditors: Amounts Falling Due Within One Year	6	(89,825 )

NET CURRENT ASSETS (LIABILITIES)			1,631,151

TOTAL ASSETS LESS CURRENT LIABILITIES			1,638,380

Creditors: Amounts Falling Due After More Than One Year	7		(2,104,781 )

NET LIABILITIES			(466,401 )

CAPITAL AND RESERVES
Called up share capital	8		7,800
Profit and Loss Account			(474,201 )

SHAREHOLDERS' FUNDS			(466,401)