Police Aviation Services Limited - Period Ending 2021-12-31

Police Aviation Services Limited

(Registration number: 04222023)
Balance Sheet as at 31 December 2021

	Note	2021 £	2020 £
Current assets
Debtors	3	1	1
Capital and reserves
Called up share capital	4	1	1
Total equity		1	1

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved and authorised by the Board on 26 July 2022 and signed on its behalf by:
 

.........................................

L A Farajallah
Director

Police Aviation Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Gloucestershire Airport
Staverton
Cheltenham
GL51 6SS

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Trading status

The company was dormant and has not traded during the year.

Judgements and key sources of estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

3

Debtors

	Note	2021 £	2020 £
Amounts owed by related parties		1	1

Police Aviation Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

4	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

5	Parent and ultimate parent undertaking

The company's immediate parent is Specialist Aviation Services Group Limited, incorporated in England & Wales.

 The ultimate parent is Hawkfield Corporation N.V., incorporated in Curacao.