Company registration number: 06847076
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Hangar 1 Ltd
Pages for filing with the Registrar
Company registration number: 06847076
Hangar 1 Ltd
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 76,951 76,951
76,951 76,951
Current assets
Debtors 36,977 39,628
Cash at bank and in hand 64,058 60,258
101,035 99,886
Creditors: amounts falling due within one year
(16,439) (25,412)
Net current assets 84,596 74,474
Total assets less current liabilities 161,547 151,425
NET ASSETS 161,547 151,425
Capital and reserves
Called up share capital 100 100
Profit and loss account 161,447 151,325
TOTAL EQUITY 161,547 151,425
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06847076
Hangar 1 Ltd
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr P Hendry Smith, Director
5 November 2026
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Hangar 1 Ltd
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Hangar 1 Ltd is a private company registered in England and Wales. Its registered number is 06847076. The company is limited by shares. Its registered office is Thain Wildbur (Fakenham) LLP, 23 Market Place, Fakenham, Norfolk, NR21 9BS.
2 Accounting policies
Basis of preparing the financial statements
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - The directors considers the freehold property to in good repair and no provision for depreciation or wear and tear is needed

Plant and machinery etc.:
Aircraft - Shown at cost due to nature of the asset
Small tools - Shown at cost due to the nature of the asset
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Hangar 1 Ltd
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 1 (2025 - 1).
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 April 2025 64,000 22,951 86,951
At 31 March 2026 64,000 22,951 86,951
Depreciation
At 1 April 2025 - 10,000 10,000
At 31 March 2026 - 10,000 10,000
Net book value
At 31 March 2026 64,000 12,951 76,951
At 31 March 2025 64,000 12,951 76,951
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