REGISTERED NUMBER: 12289627 (England and Wales)

PLANE INVEST LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Gamble

REGISTERED OFFICE:

159 Copse Hill

London

SW20 0SU

REGISTERED NUMBER:

12289627 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

2,832

5,995

Investments

5

140

140

2,972

6,135

CURRENT ASSETS

Debtors

6

79,617

85,166

Cash at bank

89,617

152,146

169,234

237,312

CREDITORS

Amounts falling due within one year

7

78,394

343,983

NET CURRENT ASSETS/(LIABILITIES)

90,840

(106,671

)

TOTAL ASSETS LESS CURRENT LIABILITIES

93,812

(100,536

)

PROVISIONS FOR LIABILITIES

8

57

722

NET ASSETS/(LIABILITIES)

93,755

(101,258

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

93,655

(101,358

)

SHAREHOLDERS' FUNDS

93,755

(101,258

)

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 24 August 2026 and were signed by:

D J Gamble - Director

1.	STATUTORY INFORMATION

Plane Invest Ltd 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 preparation

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover represents the fair value of management fees received or receivable for rendering services net of value added tax, trade discounts 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.

Short leasehold

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 profit or loss.

Fixed assets investments

Fixed asset investments are measured at cost less provision for impairment. This treatment is applied on the basis that the investments represent equity interests in entities that are not publicly traded, and a reliable fair value cannot otherwise be determined. Impairment reviews are undertaken at each reporting date to assess whether there is any indication of impairment.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or whenthe companytransfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Debtors do not carry interest and are stated at their nominal value.

Trade creditors are not interest-bearing and are stated at their nominal value.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligationsexpire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2024

3,867

13,357

18,939

36,163

Additions

-

-

288

288

Disposals

-

-

(164

)

(164

)

At 30 November 2025

3,867

13,357

19,063

36,287

DEPRECIATION

At 1 December 2024

760

11,833

17,575

30,168

Charge for year

505

1,524

1,422

3,451

Eliminated on disposal

-

-

(164

)

(164

)

At 30 November 2025

1,265

13,357

18,833

33,455

NET BOOK VALUE

At 30 November 2025

2,602

-

230

2,832

At 30 November 2024

3,107

1,524

1,364

5,995

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 December 2024

and 30 November 2025

140

NET BOOK VALUE

At 30 November 2025

140

At 30 November 2024

140

The investments primarily comprise of ordinary shares in unlisted private companies. No market for these shares exists, and they are held for strategic, not trading, purposes.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

31,325

30,438

Amounts owed by group undertakings

450

10,288

Prepayments

47,842

44,440

79,617

85,166

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

56,299

45,644

Amounts owed to group undertakings

-

195,803

Social security and other taxes

6,958

10,604

VAT

313

15,775

Pension control

-

367

Accruals and deferred income

10,336

71,370

Accrued expenses

4,488

4,420

78,394

343,983

Included in amount due to group undertakings within one year, is a loan of £Nil (2024: £195,803) due to the parent company, Aerohal Ltd. The loan is unsecured, interest free and repayable on demand.

During the year, the company reviewed the loan payable to its parent undertaking, Aerohal Ltd. Following this review, the directors concluded that the company would not be able to repay the balance of £433,724. The loan has been written off in full and has been recognised within other operating income.

8.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

Accelerated capital allowances

57

722

Deferred

tax

£

Balance at 1 December 2024

722

Provided during year

(665

)

Balance at 30 November 2025

57

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 December 2024

(101,358

)

Profit for the year

195,013

At 30 November 2025

93,655

11.	ULTIMATE CONTROLLING PARTY

At the balance sheet date, the ultimate controlling party of the company was Mr H D Gamble by virtue of his shareholding.

Subsequent to the year end, Mr Gamble passed away and ceased to be a director and Person with Significant Control on 12 March 2026.

Following this event, the ultimate controlling party of the company is Mr D J Gamble.