AIR ONE AVIATION LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Gravita Audit II Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. AIR ONE AVIATION LIMITED · parent
   1. Quadrant Systems Limited 100% · United Kingdom · flight simulator training and associated aviation services

Significant events

• “On the 17th of June 2024, Air One Holdings Ltd, a company registered in the UAE and the immediate and ultimate parent company of Air One Aviation Ltd, transferred its entire share capital holding, to Air One International Holdings Ltd. This UK registered company then became the new immediate and ultimate company.”
• “A consequence of this appointment of a new parent company was the re-alignment of the accounting year end date for the existing group to match that of the new parent, this being 31st of December.”
• “Under section 392 of the Companies Act 2006 Air One Aviation Ltd and its subsidiary Quadrant Systems Ltd have chosen to revise the accounting year end date for the preceding reporting period thus making a 15 month accounting period running from 1st October 2022 to 31st December 2023.”
• “Separately, on the 28th of June 2024, Air One Aviation Ltd converted it's in issue class B (50) and class C (200) shares, which previously carried no voting rights, into Ordinary shares, with full voting rights.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -87.8%

  £22,249,806 → £2,720,114

• Net assets

  -24.4%

  £31,757,297 → £24,012,488

• Employees

  +30%

  10 → 13

  highest in 5 filed years

• Wages

  +168.1%

  £560,644 → £1,503,303

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers