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REGISTERED NUMBER: 11367723 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2026

for

Avtec Flight Training Europe Limited

Avtec Flight Training Europe Limited (Registered number: 11367723)

Contents of the Financial Statements

for the Year Ended 31st May 2026

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Avtec Flight Training Europe Limited (Registered number: 11367723)

Balance Sheet

31st May 2026

| 31.5.26 | 31.5.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 17,298 |  | 19,987 |  |

CURRENT ASSETS

Debtors | 5 | 21,090 |  | 18,090 |  |

Cash at bank | 2,274 |  | 7,160 |  |

23,364 |  | 25,250 |  |

CREDITORS

Amounts falling due within one year | 6 | 10,137 |  | 17,126 |  |

NET CURRENT ASSETS | 13,227 |  | 8,124 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 30,525 |  | 28,111 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (246 | ) | (2,822 | ) |

PROVISIONS FOR LIABILITIES | (3,287 | ) | (3,490 | ) |

NET ASSETS | 26,992 |  | 21,799 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 101 |  | 101 |  |

Retained earnings | 26,891 |  | 21,698 |  |

SHAREHOLDERS' FUNDS | 26,992 |  | 21,799 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 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.

Avtec Flight Training Europe Limited (Registered number: 11367723)

Balance Sheet - continued

31st May 2026

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th July 2026 and were signed on its behalf by:

Captain G P Waudby - Director

Avtec Flight Training Europe Limited (Registered number: 11367723)

Notes to the Financial Statements

for the Year Ended 31st May 2026

1. | COMPANY INFORMATION

| Avtec Flight Training Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 11367723

| Registered office: | The Lexicon

| Mount Street

| Manchester

| M2 5NT

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| Turnover

| Revenue from the provision of professional services is recognised on delivery of the service.

| Tangible fixed assets

| Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

| Computer Equipment - 25% on cost

| Plant and Machinery - 20% on cost

| Motor Vehicles - 10% on cost

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2025 - 2 ) .

Avtec Flight Training Europe Limited (Registered number: 11367723)

Notes to the Financial Statements - continued

for the Year Ended 31st May 2026

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st June 2025

| and 31st May 2026 | 7,000 |  | 23,526 |  | 7,848 |  | 38,374 |  |

| DEPRECIATION

| At 1st June 2025 | 7,700 |  | 5,052 |  | 5,635 |  | 18,387 |  |

| Charge for year | (700 | ) | 2,353 |  | 1,036 |  | 2,689 |  |

| At 31st May 2026 | 7,000 |  | 7,405 |  | 6,671 |  | 21,076 |  |

| NET BOOK VALUE

| At 31st May 2026 | - |  | 16,121 |  | 1,177 |  | 17,298 |  |

| At 31st May 2025 | (700 | ) | 18,474 |  | 2,213 |  | 19,987 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.26 |  | 31.5.25

£ | £ |

| Trade debtors | 21,090 |  | 18,090 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.26 |  | 31.5.25

£ | £ |

| Bank loans and overdrafts | 3,000 |  | 3,000 |  |

| Corporation tax payable | 2,635 |  | 6,108 |  |

| VAT | 3,966 |  | 1,920 |  |

| Other creditors | (646 | ) | 1,556 |  |

| Directors' current accounts | 7 |  | 3,185 |  |

| Accrued expenses | 1,175 |  | 1,357 |  |

10,137 |  | 17,126 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.26 |  | 31.5.25

£ | £ |

| Bank loans | 246 |  | 2,822 |  |

| The bounce back loan is government backed for the first year and interest is charged at 2.5% for the rest of the loan term, which is up to a maximum of 6 years.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.26 |  | 31.5.25

| value: | £ | £ |

| 100 | Ordinary A | 1 | 100 |  | 100 |  |

| 1 | Ordinary B | 1 | 1 |  | 1 |  |

101 |  | 101 |  |

Avtec Flight Training Europe Limited (Registered number: 11367723)

Notes to the Financial Statements - continued

for the Year Ended 31st May 2026

8. | CALLED UP SHARE CAPITAL - continued

| Ordinary A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

| Ordinary B Shares do no confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

| The A and B shares rank pari passu in terms of dividend and capital distribution rights.

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31st May 2026 and 31st May 2025:

| 31.5.26 |  | 31.5.25

£ | £ |

| Captain G P Waudby and Mrs C D Waudby

| Balance outstanding at start of year | (3,185 | ) | 350 |  |

| Amounts advanced | 7,497 |  | 20,777 |  |

| Amounts repaid | (4,312 | ) | (24,312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (3,185 | ) |

| The loan is repayable on demand and no interest was charged during the year.

10. | CONTROL

| The controlling party is Captain G P Waudby.