REGISTERED NUMBER: 01295153 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Instone Air Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Jeremy Adam Instone

REGISTERED OFFICE:

Charity Farm

Pulborough Road

Pulborough

West Sussex

RH20 4HP

REGISTERED NUMBER:

01295153 (England and Wales)

ACCOUNTANTS:

Optima Financial Solutions Group Limited

Chartered Accountants

Calcutt Court

Calcutt

Swindon

Wiltshire

SN6 6JR

FIXED ASSETS

Tangible assets

4

383,126

454,637

Investments

5

92,481

98,774

Investment property

6

509,207

886,388

984,814

1,439,799

CURRENT ASSETS

Debtors

7

3,069,186

2,405,826

Cash at bank and in hand

4,337,919

3,884,145

7,407,105

6,289,971

CREDITORS

Amounts falling due within one year

8

3,466,300

2,962,369

NET CURRENT ASSETS

3,940,805

3,327,602

TOTAL ASSETS LESS CURRENT LIABILITIES

4,925,619

4,767,401

PROVISIONS FOR LIABILITIES

71,019

103,698

NET ASSETS

4,854,600

4,663,703

CAPITAL AND RESERVES

Called up share capital

9

358,447

358,447

Capital redemption reserve

18,000

18,000

Retained earnings

4,478,153

4,287,256

SHAREHOLDERS' FUNDS

4,854,600

4,663,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 26 August 2026 and were signed by:

Jeremy Adam Instone - Director

1.	STATUTORY INFORMATION

Instone Air Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Horse Stalls

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currency translation

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

45,639

2,930,298

2,975,937

Additions

-

35,284

35,284

At 30 November 2025

45,639

2,965,582

3,011,221

DEPRECIATION

At 1 December 2024

-

2,521,300

2,521,300

Charge for year

-

106,795

106,795

At 30 November 2025

-

2,628,095

2,628,095

NET BOOK VALUE

At 30 November 2025

45,639

337,487

383,126

At 30 November 2024

45,639

408,998

454,637

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 December 2024

1

98,773

98,774

Disposals

-

(6,293

)

(6,293

)

At 30 November 2025

1

92,480

92,481

NET BOOK VALUE

At 30 November 2025

1

92,480

92,481

At 30 November 2024

1

98,773

98,774

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

886,388

Additions

32,819

Disposals

(410,000

)

At 30 November 2025

509,207

NET BOOK VALUE

At 30 November 2025

509,207

At 30 November 2024

886,388

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

1,643,495

1,164,877

Other debtors

1,425,691

1,240,949

3,069,186

2,405,826

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

2,214,219

1,747,302

Amounts owed to group undertakings

-

1

Taxation and social security

149,855

54,241

Other creditors

1,102,226

1,160,825

3,466,300

2,962,369

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

12,000

Ordinary

1

12,000

12,000

346,447

B - Ordinary

1

346,447

346,447

358,447

358,447

10.	ULTIMATE CONTROLLING PARTY

The director considers that, as the majority shareholder, J A Instone is the ultimate controlling party.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Instone Air Services Limited for the year ended 30 November 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Instone Air Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Instone Air Services Limited and state those matters that we have agreed to state to the director of Instone Air Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Instone Air Services Limited and its director for our work or for this report.

It is your duty to ensure that Instone Air Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Instone Air Services Limited. You consider that Instone Air Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Instone Air Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Optima Financial Solutions Group Limited

Chartered Accountants

Calcutt Court

Calcutt

Swindon

Wiltshire

SN6 6JR

Date: .............................................