Rochester Airport Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Rochester Airport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03815653 . The registered office is Rochester Airport Maidstone Road, Rochester, Chatham, Kent, ME5 9SD.

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.

The accounts have been prepared on a going concern basis. This basis may not be appropriate because the

company has, at 31 March 2025, net liabilities of £7,153 (2024 £56,033). The validity of the going concern basis is dependent upon the continued support of the directors.

2.2. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and

the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sale taxes. The following criteria must also be met before revenue is recognised.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

-the company has transferred the significant risks and rewards of ownership to the buyer;

-the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-the amount of revenue can be measured reliably;

-it is probable that the company will receive the consideration due under the transaction;and

-the costs incurred or to be incurred in respect of the transaction can be measured reliably;

Rendering of services

Revenue from the rendering of services is recognised by reference to the stage of completion of the contract.

-the amount of revenue can be measured relaibly;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

-the costs incurred and the costs to complete the contract can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Freehold	Straight line over 25 years
Plant & Machinery	20% on cost
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.4. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

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Rochester Airport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

2.6. Pensions

The company operates a defined pension contribution scheme. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the statement of comprehensive income when they fall due.

Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.7. Consignment stocks

Fuel consignment stock and the corresponding creditor are recognised on the balance sheet as the fuel is in substance an asset of the company. This is based on the company's assessment that it bears the risk and rewards of ownership, and in particular is liable for any loss or leakage.

Stocks are valued at the lower of cost and net realieable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs.

2.8. Debtors and creditors

Debtors

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.

Creditors

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.

2.9. Cash and cash equivalents

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 significant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 13)

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Rochester Airport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	189,596	38,676	13,095	18,506

As at 31 March 2025	189,596	38,676	13,095	18,506

Depreciation
As at 1 April 2024	3,408	38,676	13,095	18,506
Provided during the period	7,584	-	-	-

As at 31 March 2025	10,992	38,676	13,095	18,506

Net Book Value
As at 31 March 2025	178,604	-	-	-

As at 1 April 2024	186,188	-	-	-


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	17,578	277,451

As at 31 March 2025	17,578	277,451

Depreciation
As at 1 April 2024	17,578	91,263
Provided during the period	-	7,584

As at 31 March 2025	17,578	98,847

Net Book Value
As at 31 March 2025	-	178,604

As at 1 April 2024	-	186,188

Cost or valuation as at 31 March 2025 represented by:

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
At cost	189,596	38,676	13,095	18,506

	189,596	38,676	13,095	18,506


	Computer Equipment	Total
	£	£
At cost	17,578	277,451

	17,578	277,451

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Rochester Airport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments

	Listed
	£
Cost
As at 1 April 2024	2

As at 31 March 2025	2

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	2

As at 1 April 2024	2

6. Stocks

	2025	2024
	£	£
Stock	39,424	52,038

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	86,459	73,076
Other debtors	21,008	33,670

	107,467	106,746

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	176,687	217,243
Bank loans and overdrafts	13,417	12,720
Other creditors	85,318	110,811
Taxation and social security	3,236	5,684

	278,658	346,458

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	56,640	58,048

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	336,550	336,550

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Rochester Airport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Post Balance Sheet Events

After the year end the company received a credit against water rates that were over charged in previous years. The credit was for £78,525 and has been accrued in the accounts to 31st March 2025.

12. Secured Debts

HSBC Bank Plc hold a fixed and floating charge over all assets of the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		178,604		186,188
Investments	5		2		2

			178,606		186,190
CURRENT ASSETS
Stocks	6	39,424		52,038
Debtors	7	107,467		106,746
Cash at bank and in hand		2,648		3,499

		149,539		162,283
Creditors: Amounts Falling Due Within One Year	8	(278,658 )		(346,458 )

NET CURRENT ASSETS (LIABILITIES)			(129,119 )		(184,175 )

TOTAL ASSETS LESS CURRENT LIABILITIES			49,487		2,015

Creditors: Amounts Falling Due After More Than One Year	9		(56,640 )		(58,048 )

NET LIABILITIES			(7,153 )		(56,033 )

CAPITAL AND RESERVES
Called up share capital	10		336,550		336,550
Share premium account			10,000		10,000
Profit and Loss Account			(353,703 )		(402,583 )

SHAREHOLDERS' FUNDS			(7,153)		(56,033)