Aeroava Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Aeroava Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13329004 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

5 - 10 years

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Aeroava Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 May 2025	278,554
Additions	234,423

As at 30 April 2026	512,977

Depreciation
As at 1 May 2025	83,167
Provided during the period	79,562

As at 30 April 2026	162,729

Net Book Value
As at 30 April 2026	350,248

As at 1 May 2025	195,387

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 May 2025	100

As at 30 April 2026	100

Provision
As at 1 May 2025	-

As at 30 April 2026	-

Net Book Value
As at 30 April 2026	100

As at 1 May 2025	100

6. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	2,971	19,341
Other debtors	-	105,035
Other taxes and social security	1,701	1,444
Amounts owed by group undertakings	70,101	-

	74,773	125,820

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Aeroava Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	148	26,600
Accruals and deferred income	1,750	1,167
Amounts owed to group undertakings	-	214,583

	1,898	242,350

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100,000 Ordinary Shares of £ 0.001 each	100	100
85,185 Preferred ordinary shares of £ 0.001 each	85	85

	185	185

9. Related Party Transactions

Above and Beyond Partners LLP

The company director, T Rees, has a signficant interest in Above and Beyond Partners LLP

During the year IO-Live Limited provided services to the company amounting to £5,000. The amount owed to Above and Beyond Partners LLP at 30 April 2026 was £Nil

Altitude Aerial Photography Ltd

The company director, C Bardbury, has a signficant interest in Altitude Aerial Photography Ltd

During the year Altitude Aerial Photography Ltd charged the company for services amounting to £2,048 and lent funds to the company on an unsecured, interest free basis and with no fixed date for repayment. The amount owed to Altitude Aerial Photography Ltd at 30 April 2026 was £148 (2025: £1,600).

IO-Live Limited

The company director, T Rees, has a signficant interest in IO-Live Limited

During the year IO-Live Limited provided services to the company amounting to £2,000 and lent funds to the company on an unsecured, interest free basis and with no fixed date for repayment. The amount owed to IO-Live Limited at 30 April 2026 was £Nil (2025: £25,000)

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		350,248		195,387
Investments	5		100		100

			350,348		195,487
CURRENT ASSETS
Debtors	6	74,773		125,820
Cash at bank and in hand		9,186		80,453

		83,959		206,273
Creditors: Amounts Falling Due Within One Year	7	(1,898 )		(242,350 )

NET CURRENT ASSETS (LIABILITIES)			82,061		(36,077 )

TOTAL ASSETS LESS CURRENT LIABILITIES			432,409		159,410

PROVISIONS FOR LIABILITIES
Deferred Taxation			(39,398 )		-

NET ASSETS			393,011		159,410

CAPITAL AND RESERVES
Called up share capital	8		185		185
Share premium account			299,915		299,915
Profit and Loss Account			92,911		(140,690 )

SHAREHOLDERS' FUNDS			393,011		159,410