Registration number: 14769363

UAV Aero Systems Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

UAV Aero Systems Ltd

(Registration number: 14769363)
Balance Sheet as at 28 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,118,443	2,050,000
Current assets
Debtors	5	318	605
Cash at bank and in hand		839	5
		1,157	610
Creditors: Amounts falling due within one year	6	(10,978)	(13,262)
Net current liabilities		(9,821)	(12,652)
Total assets less current liabilities		2,108,622	2,037,348
Creditors: Amounts falling due after more than one year	6	(485,123)	(240,297)
Net assets		1,623,499	1,797,051
Capital and reserves
Called up share capital	7	1	100
Share premium reserve		160,000	160,000
Revaluation reserve		2,000,000	2,000,000
Retained earnings		(536,502)	(363,049)
Shareholders' funds		1,623,499	1,797,051

UAV Aero Systems Ltd

(Registration number: 14769363)
Balance Sheet as at 28 August 2025

For the financial period ending 28 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial period ending 28 August 2025 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

For the financial period ending 28 August 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 August 2026 and signed on its behalf by:
 

......................................... Mr A Mendoros Director

UAV Aero Systems Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1st Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BB11 1JG

These financial statements were authorised for issue by the Board on 17 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

UAV Aero Systems Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 August 2025

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

UAV Aero Systems Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 August 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

4	Intangible assets

	Goodwill  £	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 September 2024	2,050,000	-	2,050,000
Revaluations	(50,000)	-	(50,000)
Additions acquired separately	-	118,443	118,443
At 28 August 2025	2,000,000	118,443	2,118,443
Amortisation
Carrying amount
At 28 August 2025	2,000,000	118,443	2,118,443
At 31 August 2024	2,050,000	-	2,050,000

5

Debtors

	2025 £	2024 £
Other debtors	318	605
	318	605

UAV Aero Systems Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 August 2025

6

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	322	2,661
Taxation and social security	3,195	216
Accruals and deferred income	850	850
Other creditors	6,611	9,535
	10,978	13,262

	2025 £	2024 £
Due after one year
Other financial liabilities	485,123	240,297

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £0.01 each	70	1	70	1

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior period were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	2,000,000	2,000,000