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Registered number: 08657282
AQGSA LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2025
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AQGSA LIMITED
REGISTERED NUMBER: 08657282
STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit 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 financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 October 2026.
The notes on pages 3 to 6 form part of these financial statements.
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AQGSA LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2025
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Comprehensive income for the year
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Comprehensive income for the year
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The notes on pages 3 to 6 form part of these financial statements.
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AQGSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
AQGSA Limited is a private company limited by shares and incorporated in England and Wales under registered number 08657282. Its registered office is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Company management and the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements.
As a result, and with the Company continuing to receive the full support of its shareholders, the directors believe that it is still appropriate to apply the going concern basis for the foreseeable future.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover derived from ordinary activities is recognised in the profit and loss account on travel departure date and is stated after discounts and net of VAT.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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AQGSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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AQGSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
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Amounts owed by related parties
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to related parties
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Accruals and deferred income
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Included within accruals and deferred income is the sum of £26,562 (2024 - £68,197) which relates to deferred revenue for departures from 1 December 2025 onwards.
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AQGSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
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Related party transactions
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Roger Allard Limited: Mr R J Allard, a director and the sole shareholder of the Company, is also a director and shareholder in this company. During the year, Roger Allard Limited was paid management fees amounting to £32,000 (2024 - £720,000) for services provided. The company also paid consultancy fees to the related party amounting to £Nil (2024 - £68,000). As at the year end, the amount due to the related party was £Nil (2024 - £350,000) and is included in creditors falling due within one year.
Chelsea Green Aviation Limited: Mr R J Allard, a director and the sole shareholder of the Company, is also a director and shareholder in this company. During the year, Chelsea Green Aviation Limited was provided a loan of £59,160. The loan is interest free and is repayable on demand. As at the year end, the amount due from the related party was £59,160 (2024 - £Nil) and is included in debtors falling within one year.
PB Leasing Aircraft No. 9 Limited: Mr R J Allard, a director and the only shareholder of the Company, is also a director and shareholder in this company. During the year, PB Leasing Aircraft No. 9 Limited was provided a loan of £37,223. The loan is interest free and is repayable on demand. As at year end, the amount due from the related party was £37,223 (2024 - £Nil) and is included in debtors falling due within one year.
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The ultimate controlling party is Mr R J Allard, a director, by virtue of his beneficial ownership of the entire issued share capital in the company.
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