| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 |
| FOR |
| FLIGHT SPORT AVIATION LLP |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 |
| FOR |
| FLIGHT SPORT AVIATION LLP |
| FLIGHT SPORT AVIATION LLP (REGISTERED NUMBER: OC451979) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2026 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| FLIGHT SPORT AVIATION LLP |
| GENERAL INFORMATION |
| FOR THE YEAR ENDED 5 APRIL 2026 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 18 Hyde Gardens |
| Eastbourne |
| East Sussex |
| BN21 4PT |
| FLIGHT SPORT AVIATION LLP (REGISTERED NUMBER: OC451979) |
| BALANCE SHEET |
| 5 APRIL 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS | - | 32,120 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | - | 32,120 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 7 | - | 32,120 |
| The members acknowledge their responsibilities for: |
| (a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| FLIGHT SPORT AVIATION LLP (REGISTERED NUMBER: OC451979) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2026 |
| 1. | STATUTORY INFORMATION |
| Flight Sport Aviation LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the limited liability partnership’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
| 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 |
| 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. |
| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
| Aircraft - 20 years straight line |
| 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 recognised in the income statement. |
| Financial instruments |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| 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. |
| Going concern |
| The LLP ceased trading on 5 April 2026 and the financial statements have been prepared on a basis other than the going concern basis. This basis includes, where applicable, writing the LLP’s assets down to net realisable value. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was NIL (2025 - NIL). |
| FLIGHT SPORT AVIATION LLP (REGISTERED NUMBER: OC451979) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2026 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 6 April 2025 |
| Disposals | ( |
) |
| At 5 April 2026 |
| DEPRECIATION |
| At 6 April 2025 |
| Eliminated on disposal | ( |
) |
| At 5 April 2026 |
| NET BOOK VALUE |
| At 5 April 2026 |
| At 5 April 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Amounts owed to associates | - | 19,143 |
| Other creditors |
| 7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| There were no loans or other debts due to members at the balance sheet date. |