Company registration number 08946864 (England and Wales)
AERONAUTICAL & GI HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
AERONAUTICAL & GI HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr D P Hyde
Mr A Campbell
(Appointed 1 October 2025)
Mr T J Campbell
(Appointed 1 October 2025)
Mr J C Weber
(Appointed 1 October 2025)
Company number
08946864
Registered office
Fleets Point
Willis Way
Poole
Dorset
BH15 3SS
Auditor
Azets Audit Services
37 Commercial Road
Poole
Dorset
BH14 0HU
AERONAUTICAL & GI HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AERONAUTICAL & GI HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£'000
£'000
£'000
£'000
Capital and reserves
Called up share capital
3
-
0
-
0

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.true

The financial statements were approved by the board of directors and authorised for issue on 30 June 2026 and are signed on its behalf by:
Mr D P Hyde
Director
Company registration number 08946864 (England and Wales)
AERONAUTICAL & GI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Aeronautical & GI Holdings Limited is a private c ompany limited by shares incorporated in England and Wales. The registered office is Fleets Point, Willis Way, Poole, Dorset, BH15 3SS.

1.1
Accounting convention

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 C ompany. Monetary a mounts in these financial statements are rounded to the nearest £'000.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

1.2
Going concern

On 1 true st January 2024 the trade and assets of the company were transferred to Rivencore Global Solutions Limited, therefore Aeronautical & GI Holdings Limited was dormant throughout 2025.

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, 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.

1.4
Financial instruments

The C ompany 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 C ompany's balance sheet when the C ompany 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

AERONAUTICAL & GI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the C ompany’s contractual obligations expire or are discharged or cancelled.

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.

2
Employees

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

2025
2024
Number
Number
Total
3
3
3
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£'000
£'000
Ordinary shares of £1 each
1
1
-
0
-
0
AERONAUTICAL & GI HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
3
Called up share capital
(Continued)
- 4 -

On 25th January 2024, the Company undertook a capital reduction in accordance with section 642 of the Companies Act 2006. This reduction was supported by a solvency statement made by the directors, confirming that the Company was able to meet its liabilities as they fell due over the following 12 months.

The purpose of the reduction was to eliminate the balance on the merger reserve of £39,999,889, which had arisen in a prior period following the issuance of shares under a share-for-share exchange and the application of merger relief under section 612 of the Companies Act 2006.

Following the approval of the solvency statement by special resolution and the expiration of the required period without objection, the Company reduced its merger reserve to nil. The corresponding credit of £40,000,999 was transferred to retained earnings.

4
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Michael Wesley FCA
Statutory Auditor:
Azets Audit Services
Date of audit report:
30 June 2026
5
Parent company

The Company's immediate parent undertaking at 31 December 2025 is Rivencore Global Solutions Limited, a Company incorporated in England & Wales. The ultimate parent company is Horton Holdco LLC, a company formed in Delaware in the United States. The directors consider that DC Capital Partners and its affiliated funds are the ultimate controlling party of the group. The addresses of these companies are as follows:

Rivencore Global Solutions Limited:

Fleets Point, Willis Way, Poole, Dorset, BH15 3SS, UK

Horton HoldCo LLC:

99 Canal Center Plaza, Suite 400, Alexandria, Virginia, United States

DC Capital Partners:

99 Canal Center Plaza, Suite 400, Alexandria, Virginia, United States

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