REGISTERED NUMBER: |
Monte Aircraft Leasing Limited |
Unaudited Financial Statements |
for the period |
1 July 2022 to 31 December 2023 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) |
Shareholders' funds | ( |
) |
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. |
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 |
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 |
The presentation currency of the financial statements is the US Dollar ($). |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
At 31 December 2023 |
Depreciation |
Charge for period |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
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 |
Other debtors |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
$ | $ |
Trade creditors |
Other creditors |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | $ | $ |
Ordinary | £1 | 100 | 100 |
8. | Reserves |
Retained |
earnings |
$ |
Deficit for the period | ( |
) |
At 31 December 2023 | ( |
) |
9. | Related party disclosures |
Included within other creditors is $284,336 (2022: Nil) owed to companies in which the director has an interest. |