The Air Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01536863 (England and Wales)

Financial Statements

for the Year Ended 31st December 2025

for

The Air Group Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Codling

N J S Randall

REGISTERED OFFICE:

Leys Stables

Old Bix Road

Henley on Thames

Oxfordshire

RG9 6BY

REGISTERED NUMBER:

01536863 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

Chiltern House

45 Station Rd

Henley On Thames

Oxfordshire

RG9 1AT

FIXED ASSETS

Tangible assets

4

885

886

Investments

5

7,632

8,136

8,517

9,022

CURRENT ASSETS

Stocks

3,197

6,860

Debtors: amounts falling due within one year

2,637

1,320

Debtors: amounts falling due after more than
one year

6

5,206

3,204

Investments

1

Cash at bank

5,467

3,544

16,508

14,929

CREDITORS

Amounts falling due within one year

522

524

NET CURRENT ASSETS

15,986

14,405

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,503

23,427

CREDITORS

Amounts falling due after more than one
year

13,408

13,277

NET ASSETS

11,095

10,150

CAPITAL AND RESERVES

Called up share capital

600

2,475

Share premium

8

4,845

2,970

Revaluation reserve

8

781

Retained earnings

8

4,869

3,924

SHAREHOLDERS' FUNDS

11,095

10,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 year ended 31st December 2025 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 Board of Directors and authorised for issue on 10th July 2026 and were signed on its behalf by:

N J S Randall - Director

1.	STATUTORY INFORMATION

The Air Group Limited 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 represents amounts receivable for goods and services net of VAT

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs of each asset over its expected useful life, as follows:

Land & Buildings (Leasehold ) 20% straight line

Computer equipment 33% straight line

Fixtures & fittings 33% straight line

Motor Vehicles 33% straight line

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads. Appropriate provision is made for any foreseeable losses. No element of profit is included in the valuation of work in progress.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Investments

Fixed asset investments are stated at their quoted market value. Where a quoted valuation does not exist, the investments are valued at the lower of cost and the directors' opinion of market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£'000

COST

At 1st January 2025

and 31st December 2025

998

DEPRECIATION

At 1st January 2025

112

Charge for year

1

At 31st December 2025

113

NET BOOK VALUE

At 31st December 2025

885

At 31st December 2024

886

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£'000

COST

At 1st January 2025

6,579

Additions

851

Disposals

(2,117

)

At 31st December 2025

5,313

PROVISIONS

At 1st January 2025

(1,557

)

Charge for year

(762

)

At 31st December 2025

(2,319

)

NET BOOK VALUE

At 31st December 2025

7,632

At 31st December 2024

8,136

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£'000

Amounts owed by AGRL

5,206

3,204

7.	SECURED DEBTS

Bank overdraft facility with Lloyds Bank PLC. There is a fixed and floating charge over the assets of the company to secure this liability.

8.

RESERVES

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£'000

At 1st January 2025

3,924

2,970

781

7,675

Profit for the year

945

Bonus share issue

-

(270

)

-

(270

)

Purchase of own shares

-

2,145

-

2,145

At 31st December 2025

4,869

4,845

781

10,495

9.	RELATED PARTY DISCLOSURES

At the year end, the company owed Mr NJS Randall £5,499,308 (2024 - £5,794,000 ) in respect of his directors loan account. The full amount has been included in long term creditors.

At the year end, the company owed £7,481,501 (2024 - £7,482,501) to its parent company, Roman Rentals 012 Limited. The full amount has been included in long term creditors.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is N J S Randall.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal Value: 31.12.25 31.12.24

600,000 Ordinary Shares £1 £600,000 £300,000

NIL Preference Shares £1 £0 £2,175,000

________ __________

£600,000 £2,475,000

Shares were issued during the year as follows:

Cash at premium

30,000 Ordinary Shares of £1 for £2,175,000

As a bonus out of reserves

270,000 Ordinary Shares of £1