Thank you for the Info, and to clear the air yes I am deadly serious about going for this! I have got some flying hours under my belt and all be it not many but its a start!
Just to clarify, I was asking about the £160 to make sure this was true in order to make sure I have the funds available. If it wasn't true then there would be no point in me transferring the funds into my account.
Sorry if I come across as being a little naive, but this is simply because I am new to this world of information and everybody has got to start somewhere.