Company No: 03177150 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

J M Pratt

REGISTERED OFFICE	1a Ringway Trading Estate
	Manchester
	M22 5LH
	United Kingdom

COMPANY NUMBER

03177150 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	342		657
		342		657
Current assets
Debtors	4	69,673		45,501
Cash at bank and in hand		4,963		22,034
		74,636		67,535
Creditors: amounts falling due within one year	5	( 247,943)		( 233,651)
Net current liabilities		(173,307)		(166,116)
Total assets less current liabilities		(172,965)		(165,459)
Creditors: amounts falling due after more than one year	6	0		( 4,661)
Net liabilities		( 172,965)		( 170,120)
Capital and reserves
Called-up share capital	7	30,000		30,000
Profit and loss account		( 202,965 )		( 200,120 )
Total shareholder's deficit		( 172,965)		( 170,120)

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of European Flight Training News Limited (registered number: 03177150) were approved and authorised for issue by the Director on 22 October 2026. They were signed on its behalf by:

J M Pratt Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

European Flight Training News Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1a Ringway Trading Estate, Manchester, M22 5LH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of European Flight Training News Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the director and related companies. The director believes that it is appropriate for the financial statements to be prepared on a going concern basis.
As at 31 October 2025 the company had net liabilities of £172,965 the company is dependent on the continued support of the director and his related companies to continue to provide the necessary support as long as the company needs it.
The financial statements do not include any adjustments that might be necessary is the directors and associated companies were not to provide further support.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable in the circumstances.

The company makes estimates and assumptions concerning the future. The resulting estimates will, by definition, seldom equal the related actual results. The estimates that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are as follows:

a) impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment management considers factors including the current credit rating of the debtor, the aging profile and current and historical experience.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	5 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 November 2024	1,722		600		2,322
At 31 October 2025	1,722		600		2,322
Accumulated depreciation
At 01 November 2024	1,467		198		1,665
Charge for the financial year	117		198		315
At 31 October 2025	1,584		396		1,980
Net book value
At 31 October 2025	138		204		342
At 31 October 2024	255		402		657

4. Debtors

	2025		2024
	£		£
Trade debtors	7,040		6,777
Other debtors	62,633		38,724
	69,673		45,501

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	2,334		4,440
Trade creditors	5,392		9,785
Taxation and social security	529		117
Other creditors	239,688		219,309
	247,943		233,651

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		1,894
Other creditors	0		2,767
	0		4,661

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
30,000 Ordinary shares of £ 1.00 each	30,000		30,000