Charity registrdtion number 262995 (England and Walesl
Company registration number 00960329
SOLENT SKY LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

SOLENT SKY LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
JGUGlark
N L Hallelt
Mr A Jones
Mrs K E Jones
N D S Boulting
IAppoillted 3 February 20251
Secrètary
Mrs K E Jones
Charity number IEngland and Wales)
262995
Company number
00960329
Registerad office
Albert Road South
Southampton
Hampshire
S014 3FR

SOLENT SKY LTD
CONTENTS
Page
Trustees, report
Independènt examinerfs report
Slalemenl of financial activities
Balance sheet
Notes to the financial statements
8-16

SOLENT SKY LTD
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 MA Y 2025
The trustees present their annual report and financial statements lor the year ended 31 May 2025.
The financial stalernents have been prepared in accordance with the accounting policies set out in rTrole I to the
financial statements and comply with the Charity's memorandum and articles of association, the Companies Act
2006 and "Accounting and Reporting by Charities.. Statement ol Recornrnended Practice applicable to ehaiities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic ol
Ireland IFRS 1021 leffeclive 1 January 20191.
Objectives and activlties
The principal activity of the Charity is to advance the education of the public in matters relating lo aviation by the
ainlenance of a museurn as a permanent memorial to R.J Mitchell the designer of the Spitfire aircr21t and the
Schneider Trophy S6 Seaplane 8nd the 28 aircraft companies ill the Solenl Area.
The Charity also continues to host on the site the exhibits and mernorabilia frorn Hampshire Police and Fire Trust,
also contribLJling lo the overall ethos of the Museum.
The main purpose ol the Charity is to keep the Museum open for public viewing and to promote its educational
opportunities. All other activities are dire¢led towards raising funds to supplement the income frorll admission
ehaiges and the Museum shop and to pay for new èxhibits and exhibitions.
The Board of Trustees have registered their complete satisfaction in the way the Solent Sky Ltd is managed bul are
mindful of the fact that lo maintain the high standard all aotivilies in the Museum Isolent Sky Lldl are reviewed on a
regu18r basis.
Public benefit
The Trustees considei that they have considered the Charity Commission's published guidan￿ on the public
benefit requirement under the Chaiilies Act 2011.
Achievements and performance
Significant activities and aehi6V@menls against obiecliv8s
The Company continues lo fulfil 115 charitable obligations which are lo maintain g public exhibition honouring the
works of R.J.Mitehell and in particular his Spitfire Aircraft.
In addition lo the above the Company has expanded its brief to cover additional allied 8clivilies Such as
Soulhatnplon and District Industrial Heritage and as a result have saved a numbei of threatened art6facls and
collections. This includes the 170-ton Calshol Light-ship. the police, fire and trarn colleetions plus the Trislander
aircraft.
The Trustees continue lo offer the Solent Sky Museum as a major eduealional resource through schools. colleges
and the University.
Financial rèview
The buildings occupied by the Museum are a conlinual financial challenge lo the Company. In the last year there
was a great deal of expenditure in complyillg with new regulations in public buildings and lo bring the electrical and
fire protection inslallalions into complian￿.
The Company continues lo raise revenue over and above that which is taken on the front of house and this is dealt
with applications made lo grant giving bodies, such as the Heritage Lollery Fund, Arts Council. the Wolfson
Foundation and Garfield Weston Faundalion.
Th8 Company 15 in the fortunate position of having a little over 100 years left on its leasè with Soulharnpton City
Council for sile and buildings.

SOLENT SKY LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUEDI
FOR THE YEAR ENDED 31 MAY 2025
Res8Nes policy
The trustees are satisfied that the level of reserves maintained by the Charily, of approximately three to six months
of total expenditure, are sufficient lo meet ils needs.
The trustees consider that the balance sheet value do8s nol correctly reflect the true Iixed asset value of the
Charity, which they consider to be nearer £2.5 million, as there is a lease value with a little over 100 years left to run
and museum exhibits and archives worth in excess of £2 million.
In addition, the museum ariefacts and the displays and equipment have been donated and restored over many
years and are therefore likely lo exceed their value shown in the financial slalements. As a result of this, the
Iiuslees have agreed these assets should not be dépreaaled.
Structure. governanca and management
The Chaiity was incorporated on the 15th of August 1969 and is governed by Memorandum and Articjes 01
Association. It was also registered as a charity no 262995. The Charity's working name is Solent Sky Ltd.
One Tiustee has retired from the Board ol Directors and al present there is a potential of three new Directors 81101
whom COLild bring expertise which will benefit the Company.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the dale of signaluie of the financial slalemenls were..
JGUClark
N L Hallett
Mr A Jones
Mrs K E Jones
R A R Little
N D S Boulling
IRe5igned 22 October 2025)
(Appointed 3 Fébruary 2025)
The interest of the directois al the year end in the share capital of Ihe company were 8s follows:_
£1 ordinary shares
at the beginning and end of the period
JGUClark
A Jones
£1
£1
The Companles House registerecl number is.. _ 960329
The Charity registration nurnber is.. 262995
The Charity operates from.. Albert Road South, Soulhampton, Hampshire, S014 3FR, which is also the Charity's
registered office.
Risk Managemènt Statemènt
The trustees are satisfied that the major risks lo which the Charity is exposed, as identified by the Iiustees. are
being reviewed, and systems are being established to miligale those risk5.

SOLENT SKY LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2025
The trustees. report was approved by the Board of Trustees.
Mr
Jones
stee
Dalè..

SOLENT SKY LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SOLENT SKY LTD
I report to the trustees on my examination of the financial statements of Solenl Sky Ltd (the Charity) for the year
ended 31 May 2025.
Responsibilitles and basis of report
As the trustees of the Charity land also its directors for the purposés ol company lawl, you arè responsible for ihe
preparalion of the financial statements in accordance with the requirements ol the Companies Act 2006.
Having satisfied myself that the fin8ncial staternents of the Charity are not required to be audited under Part 16 01
the Companies Act 2006 and are eligible lor independent examination, I report In respect of rny examination of the
Charily's financial slalements carried out under section 145 of the Charities Act 2011. In carrying out my
examination I have followed the Direetions given by the Chaiily Commission under section 14515llbl ol the Charities
Act2011.
Independent examiner's statèment
I have cornpleted my examination. I confirm Ihal no rnatters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records wère not kept in respect of thé Charity as r6qLJired by sedion 386 of the Companies Act
2006.
the financial stalemenls do not accord with those rewrds., or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act
2006 other than any requirement that the financial statements give a true and fair view, which is ntx a maller
considered a5 Part ol an independent examination,. or
the financial statements have not been prepared in accordance with the mèthods and principles of the
Statement of RecommendÉd Practice for accounting and reporting by ch8rilie5 applicable to charities
preparing their financial statements in accordance with th8 Financial Reporting Standard applicable in the UK
and Republic ol Ireland IFRS 1021.
5 have no concerns and have come across no other matters in connection with the examination lo which allention
should be drawn in this report in order to enable a proper undeislanding of the financial slalements to be reached.
HJS IncorporatÉng David Gamblin Limited
Chartered Accountants
71 The Hundred
Romsey
Harnpshire
S0518BZ
Dated..

SOLENT SKY LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MA Y 2025
Unrestrictèd
funds
2025
Unrestrictsd
fLtnds
2024
Notes
Income from..
DonalioT)s and legaoes
Charitable activities
Investrnents
67,059
133,012
1.983
160,690
135.441
2,073
Total incorne
202,054
298,204
Expenditure on..
Raising funds
Charitable actiwlies
19,921
242,128
14,856
267,516
Total expenditure
262,049
282,372
Net incomellexpendilurel and movement rn funds
159,9951
15,832
Reconclliation of funds..
Fund balances al 1 June 2024
408.177
392,345
Fund balances at 31 May 2025
348,182
408,177
The statement of finanaal activities includes all gains and losses recognised in the year. All in￿me and expenditure
derive from continuing activities.

SOLENT SKY LTD
BALANCE SHEET
AS AT31 MAY2025
2025
2024
Notes
Flxed assets
Tangible assets
13
160.077
165,322
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
19,219
2.795
191,791
19,219
53,515
179,467
213,805
252,201
Creditors= amounts falling due within
one year
16
125,7001
19,346)
Net ¢urrènt assets
188,105
242,855
Total assets less current liabilities
348,182
408,177
The funds ofthe Charity
Share capital
Unie51ricted funds
18
19
348,180
408,175
348,182
408,177

SOLENT SKY LTD
BALANCE SHEET (CONTINUED)
AS AT31 MAY2025
The company is enlilled to the exernplion from the audit requirement contained in section 477 of the Companies Act
20Q6, lor the year ended 31 May 2025.
The directors acknowledge their responsibilities for cornplying with the requirements of the Companie5 Act 2006
with respect to 3cwunting record5 and the preparation of financial stalemenls.
The mernbers have not required the company lo obtain an audit of its financial slalements lor the year in question in
accordance with seelion 476.
These finanaal statements have been prepared in accordance with the prowsions applicable lo companies subject
to the small companies rÈgime.
The finanaal lalernents were approved by the trustees on1.7.,..3......
Mr
Jones
stee
Company registration nLJmber 00960329 (England and Wales)

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY2025
Accountlng policies
Charity informatlon
Solenl Sky Ltd is a private company lirniled by shares incorporated in England and Wales. The registered
office is Albert Road South, Soulhampton. Hampshire, S014 3FR.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charills governing doeumenl, thè
Companies Act 2006, FRS 102 "The Financial Reporting Staridard applicable in the UK and Republic ol
Ireland" and the Charities SORP Accounting and Reporting by Chaiities.. Slalement ol Recommended
Practice applicable to charities preparing their accounts in a¢cordance with the Financial Reporting S13ndard
applicable in the UK and Republic ol Ireland IFRS 102)" The Charity is a Public Benefit Entity as dEfined by
FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not lo piapare a slalement ol
cash flows.
The financial slatemenls are prepared in sterling. which 15 the functional currency of the Charity. Monetary
arnounts in these financial slalements are roulld@d to the nearÈst £.
The finanrial statements h8ve been prep8red under the historical cost convention. The princap81 aecounling
policies adopted are set out below.
1.2 Going concem
At the lime of approving the financial statements. the trustees have a reasonable expectation that the Charily
has adequate resources lo continue in operational existen￿ foi the foreseeable future. Thus the trustees
continue lo adopt the goin9 ¢oncern basis of accounting in preparing thè finanual slalements.
1.3 Charitable funds
Unrestri¢led funds are available for use at the discretion of the trustees in furtherance of their charitable
objeclives.
Reslricled funds are subject lo specific ￿nditionS by donors or grantors as to how they may be used. The
purposes and uses of the resliided funds are set out in the notes to the financial statements.
Endowment lunds ar8 subject lo specific conditions by donors that Ihe capital must be maintained by the
Charity.
1.4 Income
Income is recognised when the Charity is legally entitled lo il after any performance conditions have been
met, the amounts can be rneasured reliably, and il is probable that ineome will bè received.
Cash donations are recognised on recéipt. Other donations are re￿gnised onoe the Charity ha5 been notified
ol the donation, unless performance conditions require deferral of the amount, Income lax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised al the time ol the donation.
Legacies are recognised on receipt or olhènthse if the Charity has been notified of an impending distribution,
the amount is known, and 18ceipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2025
Accounting policies
Iconlinuedl
1.5 Expenditurè
Expenditure is rècognised once there is a legal or constructive obligation lo transfer economic benefit lo a
third party, il is probable that a Iransler of economic benefits will be required in settlement, and the amoLJnl of
the obligation c£n be measured reliably.
Expenditure is dassified by activity. The eosls of each activity are made up of the total of di￿1 costs and
shaied costs. including support oosls involved in undertaking each activity. Direel costs allributable lo a single
activity are allocated directly to that aCtI￿ly. Shared Costs which ¢onlribute to wore than one acts'vily and
support costs which are not attributable lo a single adivity are apportioned between those aclivilies on a basis
consistelll with the use of resources. Central staff costs ale allocated on the basis of time spent, and
depreci31ion charges are allocated on the portion of the as5el's use.
1.6 Tangible fixed assets
Tangible Iixed assets are initially measured al cost and subsequently measured al cost or valuation. net of
deprèciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over theii
useful lives on the following bases..
Museurn Buildings
Motor Vehicles
Displays & Equipment
Museum Artefacts
2.5% slraighl line
15°A reducing balance
£nil las of 20231
tnil las of 20221
The gain or loss arising on the dispos81 of an asset is determined as Ihe difference between the sale proceeds
and the carrying value of the asset, and is recognised in the slalement of financial actI￿711es.
.7 Impairment of fixed assets
At each reporting end date, the Charily reviews the carrying amounts of ils tangible assets lo determine
whether there is any indication that those as5els have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
1.8 Stocks
Stocks are slated al the lower of cost and estimated selling price less costs to complete arnd sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks lo their piesenl location and eondilion. Items held for distribution al no or
nominal consideration are measured the lower ol replacement cost and cost.
Nel realisable value is the estimated selling price less all estimated costs of completion and costs lo be
incurred ill marketing, selling and disliibulion.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held al call with banks, other short-term liquid
investments with original maturities ol three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Accounting policies
(Continuèd)
1.10 Financial instruments
The Charily has elected to apply the piovisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial InstrurnÈnts Issues, of FRS 102 to all of its finanaal instruments.
Financial instruments are recognised in the Charitys balance sheet when the Charily becomes party lo the
contractual provisions ol the inslrumenl.
Financial assets and liabilities arè offset, with the net amounts presented in the financial slatemenls. when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on 3 net
basis or lo realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financAal assets, which indude debtors and cash and bank balances, are Initial￿ measured at
transaction price including transaction costs and are 5ubseouently carried at amortised cost using the effective
interest method unless the arrangement constitutes a finanang Ir8nsaclion, where the transaction is
measured al the present value of the future receipts di5counled at a maiket rale of interest. Finanaal assets
classified as receivable within on8 year are not amortised.
Basic financial lialjllities
Basic financial liabilities, iricluding creditors and bank loans 8re initially recogni5ed al transaction pri￿ unless
the arrangement constitutes a financing transaction, where th8 debt instrument is measured 81 the piesent
value of the future payments discounted at a markel rale of inleièst. Financial liabililies classified as payable
within one year are not amortised.
Debt insliuments are subsequently oarried al amortised cost. using the effective interest rate rnelhod.
Trade creditors are obligalions lo pay lor goods or services that have been acquired in the ordinary course ol
operations frorn supplieis. Amounts payable are olassified as cuirent liabilities if payment 15 due within one
year or less. 11 not, Ihey are presenled as non-current liabilities. Tiade creditors ar8 recognised inillally al
transaction price and subseguenlly measured at amortlsed cost using the effective inleiest method.
Derecognition of financial liabtilities
Financial liabilities are dereco9nised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unkjsed holiday enlillèmenl is recognised in the period in which Ihe employee's services are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
lo lerminale the employment ol an employee or to provide lerminalion benefits.
1.12 Retirement benefits
Payments to defined contribution retirèment benefit schemes are charged as an expense as they fall du8.
10-

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2025
Critical accountlng estimates and judgèments
In the application of the Charity's accounting policies, the trustees are rèquired lo make judgetnents
estimates and assumptions about the carrying amount ol assets and liabilities that are not readily apparent
from other Sour￿$. The eslimales and associated assumptions are based on historical experience and other
fa¢lors that are considered lo be relevant. Actual results may differ from these estitllales.
The eslimales and underlying assumptions are reviewed on an ongoing basis. Rewsions lo accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the peiiod of the revision and future periods where the revision affects both ¢urrent and future
periods.
Income from donatlons and legaclès
Unrestricted
funds
2025
Unrestricted
funds
2024
Donations and gifts
Grants
67,059
130,890
30,000
67,059
160.690
Income from charltable activities
Unrestrict•d
funds
2025
Unrestricted
funds
2Q24
Advancement of education
Admission fees
Sale of goods
113,151
19.861
118,343
17,098
133.012
135,441
Incomè from Investmants
Unrestricted Unrestrictéd
funds
funds
202S
2024
Interest receivable
1,983
2.073

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2025
Expènditure on raising funds
Unrestrictèd Unrestrictèd
funds
funds
2025
2024
Fundraising and publlcity
Subcontracted costs
Advertising
Other fundraising eosls
11,002
960
7,959
2,517
3,623
8,71e
19.921
14,856
Expenditure on charitablè activities
Advancement Advancement
of èducation
of èducation
2025
2024
Direct costs
Staff costs
Depreciation and impairment
Motor and travel
Postage and stationery
Subscriptions
Telephone
Sundry
Marketing and promotion
Other staff costs
Planning costs
Rates
Light and heat
Insurance
Repairs
Storage
Other premises cosls
Refus8
other charitable expenditure
98,330
5,245
2.050
9,403
1.325
3,109
257
22.508
1,315
8,751
5,842
14,663
8.769
47,528
7,950
654
561
868
93.293
5,252
1,470
7,501
436
2.845
53
24,568
861
10,714
5.261
37,246
9,932
53.207
7,2UO
936
189
3,552
239,128
264,516
Share of support and governance costs (seè note 81
Governanoe
3,000
3,000
242,128
267,516
Analysis by fund
Unrestricted funds
242,128
267,516
12-

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2025
Support costs allocatsd to actlvities
Advancement
of education
2025
Total
2024
Governanee
3,000
3,000
Net movement in funds
2025
2024
The nel movernenl in funds is stated after chargingllcredilingl..
Fees payable for the independent examination of the charitys financial
slalements
Depreciation of owned tangible fixed assets
3,000
5,245
2.950
5,252
1Q Trustees
Transactions with Trustees are included within the related party transactions note (see note 201.
11 Employeès
The average monthly number of employees during the yéar was".
2025
Numbèr
2024
Numbèr
Museum atlendanls
Part-time office staff
Total
Employment costs
2025
2024
Wages and salaries
Other pension costs
97,014
1.316
92,347
946
98,330
93,293
There were no employees whose annual remuneration was more than £60,000.
12 Taxatron
The charity is exempl from laxalion on its activities because all ils income is applied for charitable purposes.
13

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2025
13 Tangible fixed a5seis
Museum
Motor
Vohlclos
Dlsplays &
Equipmènt
Museum
Artefacts
Total
Cost
Al 1 June 2024
208,304
5,939
202.629
116,415
533,287
Al 31 May 2025
208,304
5.939
202,629
116,415
533.287
Depreciation and impairment
Al 1 June 2024
Depreciation charged in the year
151,792
5,208
5,689
37
149.550
60,934
367,965
5,245
At 31 May 2025
157.QOO
5.726
149,550
60.934
373,210
Carrying amount
Al 31 May 2025
51,304
213
53.079
55,481
160,077
At 31 May 2024
56.512
250
53,079
55,481
165,322
In the opinion of the Iiuslees, the current rnaiket value of the rnuseum building, museurn artefacls and
displays & equipmenl is signilicantly in excess of the nel book values shown above.
The trustees undertake an annual impaimenl rewew of the museum property. The trustees have agreed not
to revalue the museum property al this lime.
14 Stocks
2025
2024
Finished goods and goods for resale
19,219
19,219
15 Debtors
2025
2024
Amounts falling due withln one year:
Other debtors
2,795
53,515
16 Crèdltors: amounts falling due within one year
2025
2024
Other taxalion and social securily
Trade creditors
Other credilois
Accruals and deferred income
628
20,070
2,052
2,950
2,181
1,611
2,654
2.900
25.700
9,346
14-

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2025
17 Retirement benefit schemes
2025
2024
Definèd contribution schemes
Charge to profit or loss in respect of defined contribution ￿herneS
1,316
946
The Charily opeiales a defined colllribulion pension soheme for all qualifying employees. The assets of the
sd)eme are held separately from those of the Charity in an independently administered fund.
18 Share capital
202S
2024
Ordinary share capitsl
Issued and fully paid
2 Ordinary shares of £1 each
19 Unrestricted funds
The unreslrict6d funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the Irustees for sp8¢ific purposes.
At 1 June
2024
IncomSng
resources
Resources
expendèd
At 31 May
2025
General funds
408.175
202,054
1262,049}
348.180
Previous year:
At 1 June
2023
Incomlng
resources
Resources
expended
At31 May
2024
General funds
392.343
298,204
1282,372)
408,175
15

SOLENT SKY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2025
20 Rèlated party transactions
Transactions with rèlated parties
During the year the Charity entered into tho following transactions with related parties..
Payments of £45.96012024'. £45,960) were made to Relroplan Ltd, a management company engaged lor the
day lo day managetnent ol the museum. Mr A Jones is a shareholder and Mrs K Jones is a director and
shareholder ol Relroplan Ltd.
Mr A Jones provides workshop accommodation, container storage and open storage for Solenl Sky museums
reserve ￿llectIOn. The service is provided al £7,200 per year as a gesture at an amount which the Trustees
believe is well below the commeraal rate.
Mr A Jones holds a £1 share in Solent Sky Limited, bul cannot derive any financial benefit from this
shareholding as it is barred by the Memorandum and Articles of Association.
Mr JGU Claik holds a £1 share in Solenl Sky Limited, but cannol derive any financial benefit from th15
shareholding as il is baired by Ihe Memorandum alld Articles of Association.
16-