REGISTERED NUMBER: 05308953 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

EZE AIR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A Nixon

M E E Hawkins

SECRETARY:

A A Nixon

REGISTERED OFFICE:

Charleston House

Cruckmoor Lane

Prees Green

Whitchurch

Shropshire

SY13 2BS

REGISTERED NUMBER:

05308953 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co.

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Tangible assets

3

386,079

384,710

CURRENT ASSETS

Stocks

1,150

1,150

Debtors

4

206,482

6,143

Cash at bank

808

3,339

208,440

10,632

CREDITORS

Amounts falling due within one year

5

403,677

195,181

NET CURRENT LIABILITIES

(195,237

)

(184,549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

190,842

200,161

CREDITORS

Amounts falling due after more than one year

6

(199,434

)

(200,000

)

PROVISIONS FOR LIABILITIES

(7,368

)

-

NET (LIABILITIES)/ASSETS

(15,960

)

161

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(15,961

)

160

SHAREHOLDERS' FUNDS

(15,960

)

161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 August 2018 and were signed on its behalf by:

A A Nixon - Director

1.	STATUTORY INFORMATION

Eze Air Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going Concern

The financial statements have been prepared on a going concern basis as the directors are of the opinion that the

Company will be able to pay its liabilities as and when they fall due.

The directors have reached this conclusion after assessing the Company's future cash and funding requirements

along with budgets and medium term plans.

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.

Plant and machinery etc

-

at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

405,100

Additions

5,098

At 31 December 2017

410,198

DEPRECIATION

At 1 January 2017

20,390

Charge for year

3,729

At 31 December 2017

24,119

NET BOOK VALUE

At 31 December 2017

386,079

At 31 December 2016

384,710

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Amounts owed by group undertakings

196,070

-

Prepayments and accrued income

10,412

6,143

206,482

6,143

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

7,138

3,790

VAT

1,382

3,465

Due to group companies

-

100,002

Due to related parties

385,560

78,327

Directors' current accounts

7,197

7,197

Accrued expenses

2,400

2,400

403,677

195,181

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Other loans 1-5 years

199,434

200,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Other loans

199,434

200,000

The loan is secured by a fixed charge over a fixed asset to which it relates.