Hi Captain Holywood,
I'm afraid so! Those figures are more or less on the optimistic side as well!
For training it's about 250.00 per hour in an R22, and about 190.00 per hour for self fly hire. Scandalous. The problem is the V.A.T on fuel in the UK. I think it's about 80%. (If anyone wants to correct me on that they can do and I'll apologise, but I think I am right).
Are you working for a school at the moment that covers the JAR requirements?
It would be great to hear from you, if you could let me know your prices for your aircraft, I'm looking to do some hour building.
Take it easy.
RV