Contents

Balance Sheet

As at 31 March 2026

Balance Sheet Continued

For the year ending 31 March 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions of the small companies regime applicable to micro-entities.

The accounts were approved by the Board of Directors and authorised for issue on 31 March 2026.

Notes to the Financial Statements

For the Year Ended 31 March 2026

1. Accounting Policies

Turnover

Turnover is recognised when goods are delivered or services are provided.

Taxation

Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors

Debtors are recognised at the settlement amount due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.

Notes to the Financial Statements (continued)

2. Basis of Preparation

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Notes to the Financial Statements (continued)

3. Employee Information

The average number of employees during the year was: 1

Notes to the Financial Statements (continued)

4. Financial Statement Footnote – Director’s Loan Account

Director’s Loan Funding and Repayment Terms

During the financial period, the director introduced £49968.38 of personal funds into the company to support initial operations and provide long‑term working capital. The funding consisted of:

£39,968.38 paid directly into the Aerocropter Ltd business current account; and

£10,000 retained by the director in a designated reserve account for the benefit of the company.

The total amount of £49,968.38 is recognised as a long‑term liability under the Director’s Loan Account. The director has agreed that this balance will be repaid to them over a period of 20 years, with repayment terms at the director’s discretion and no interest charged. No repayments were made during the reporting period.

The Director’s Loan Account remains fully subordinated to the company’s trading requirements, and repayments will only be made when the company’s cash flow permits.

Notes to the Financial Statements (continued)

5. Related‑Party Transactions Note

Related‑Party Transactions

The company is controlled by the sole director. During the period, the director advanced personal funds totalling £49968.38 to the company. Of this amount, £39,968.38 was transferred directly into the company’s bank account and £10,000 was retained by the director in a designated reserve account for the benefit of the company.

This balance is recognised as a long‑term, interest‑free loan from the director. No repayments were made during the reporting period. Apart from this transaction, there were no other related‑party transactions requiring disclosure under FRS 105.