OSCAR ROMEO AVIATION LIMITED

OSCAR ROMEO AVIATION LIMITED

OSCAR ROMEO AVIATION LIMITED - Company Information

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OSCAR ROMEO AVIATION LIMITED

Company Registration Number:
02650213 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

OSCAR ROMEO AVIATION LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

OSCAR ROMEO AVIATION LIMITED

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 45,000 45,000
Total fixed assets: 45,000 45,000
Current assets
Debtors: 3 4,879 3,022
Cash at bank and in hand: 17,968 18,006
Total current assets: 22,847 21,028
Creditors: amounts falling due within one year: 4 (1,823) (1,561)
Net current assets (liabilities): 21,024 19,467
Total assets less current liabilities: 66,024 64,467
Total net assets (liabilities): 66,024 64,467
Capital and reserves
Called up share capital: 80,000 80,000
Profit and loss account: (13,976) (15,533)
Shareholders funds: 66,024 64,467

The notes form part of these financial statements

OSCAR ROMEO AVIATION LIMITED

Balance sheet statements

For the year ending 30 September 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 December 2018
and signed on behalf of the board by:

Name: David Allen
Status: Director

The notes form part of these financial statements

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents monthly fixed charges and hourly rate charges receivable in respect of the expenditure incurred in the operation and maintenance of the aircraft G-CBHA. Value added tax is not charged thereon.

Tangible fixed assets and depreciation policy

The Directors considered that the Company's only asset, the aircraft G-CBHA, had retained its value for the year.

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Tangible Assets

Total
Cost £
At 01 October 2017 45,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 September 2018 45,000
Depreciation
At 01 October 2017 0
At 30 September 2018 0
Net book value
At 30 September 2018 45,000
At 30 September 2017 45,000

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

3. Debtors

2018 2017
££
Debtors due after more than one year: 4,879 3,022

Debtors represents Flying Bills as yet unpaid from the previous month, overdue bills and our annual Insurance prepayment.

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

4. Creditors: amounts falling due within one year note

Creditors represents our current liabilities. Normally Redhill Aerodrome fuel and landing fees to be paid within the next accounting period.