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REGISTERED NUMBER: 13460955 (England and Wales)















Monte Aircraft Leasing Limited

Unaudited Financial Statements

for the period

1 July 2022 to 31 December 2023






Monte Aircraft Leasing Limited (Registered number: 13460955)

Contents of the Financial Statements
for the period 1 July 2022 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Monte Aircraft Leasing Limited

Company Information
for the period 1 July 2022 to 31 December 2023







Directors: T C D Eyre
R C Eyre





Registered office: 3rd Floor
8-10 Lower James Street
London
W1F 9EL





Registered number: 13460955 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Monte Aircraft Leasing Limited (Registered number: 13460955)

Balance Sheet
31 December 2023

2023 2022
Notes $ $ $ $
Fixed assets
Tangible assets 4 2,895,717 -

Current assets
Debtors 5 59,326 100
Cash at bank 1,165 -
60,491 100
Creditors
Amounts falling due within one year 6 3,135,410 -
Net current (liabilities)/assets (3,074,919 ) 100
Total assets less current liabilities (179,202 ) 100

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 (179,302 ) -
Shareholders' funds (179,202 ) 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





R C Eyre - Director


Monte Aircraft Leasing Limited (Registered number: 13460955)

Notes to the Financial Statements
for the period 1 July 2022 to 31 December 2023


1. Statutory information

Monte Aircraft Leasing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. A letter of support has also been provided by the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 3 years straight line method
Aircraft held for leasing - 30 years straight line method

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the period was NIL (2022 - NIL).

4. Tangible fixed assets
Aircraft
held for Computer
leasing equipment Totals
$ $ $
Cost
Additions 2,887,008 17,066 2,904,074
At 31 December 2023 2,887,008 17,066 2,904,074
Depreciation
Charge for period 6,817 1,540 8,357
At 31 December 2023 6,817 1,540 8,357
Net book value
At 31 December 2023 2,880,191 15,526 2,895,717

The Company owns an aircraft which is being used for leasing to external parties as it's primary source of revenue.

Monte Aircraft Leasing Limited (Registered number: 13460955)

Notes to the Financial Statements - continued
for the period 1 July 2022 to 31 December 2023


5. Debtors: amounts falling due within one year
2023 2022
$ $
Trade debtors 42,502 -
Other debtors 16,824 100
59,326 100

6. Creditors: amounts falling due within one year
2023 2022
$ $
Trade creditors 13,970 -
Other creditors 3,121,440 -
3,135,410 -

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: $ $
100 Ordinary £1 100 100

8. Reserves
Retained
earnings
$

Deficit for the period (179,302 )
At 31 December 2023 (179,302 )

9. Related party disclosures

Included within other creditors is $284,336 (2022: Nil) owed to companies in which the director has an interest.