GM - I think we are talking at cross purposes. I think you talking about making a company in order to fund your flying? But of course a company selling RC toys is not related to your flying and so you'll not be able to reclaim the VAT.
What you could do however is get a display authorisation, maybe even do some air races. Do that and maybe someone will give you some sponsorship dollars. What that does is establish a trading position. Once you have done that - and its related to you flying it would be entirely reasonable for that company to not only fund your flying (which in the early stages is you supporting the company with a directors loan - but you'll be able to off set future profits against the early losses, etc, etc blah) but you'll be able to reclaim the VAT.