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Registered number: 04428782






TAL AVIATION LIMITED

FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 DECEMBER 2023

 
TAL AVIATION LIMITED
 

COMPANY INFORMATION


Director
G. Thaler 




Company secretary
MCS Formations Limited



Registered number
04428782



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
TAL AVIATION LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4


 
TAL AVIATION LIMITED
REGISTERED NUMBER: 04428782

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,270
1,270

Current assets
  

Debtors
 5 
2
2

Creditors: amounts falling due within one year
 6 
(15,567)
(14,251)

Net current liabilities
  
 
 
(15,565)
 
 
(14,249)

Net liabilities
  
(14,295)
(12,979)


Capital and reserves
  

Allotted, called up and unpaid share capital
  
2
2

Profit and loss account
  
(14,297)
(12,981)

Equity shareholder's deficit
  
(14,295)
(12,979)


The director considers that the Company is entitled to an exemption from the requirement to have an audit under section 477 of the Companies Act 2006 ("the Act") and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Act.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime, and in accordance with the provisions of FRS 102, Section 1A: small entities.

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

The Company has opted not to file the Director's Report and Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
6 August 2024




G. Thaler
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
TAL AVIATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Tal Aviation Limited (registered number: 04428782), having its registered office and principal place of business at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private limited company incorporated in England and Wales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis, despite the Company having net liabilities of £14,295 (2022: £12,979)
The Company's director has confirmed that he will continue to support the Company, to ensure that it will be able to meet its liabilities as they fall due, for the foreseeable future. This will ensure that the Company will be able to continue operating for at least twelve months following the date of approval of these financial statements.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

Page 2

 
TAL AVIATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (GBP).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period-end foreign currency monetary items are translated using the closing rate.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

 
2.9

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
TAL AVIATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2023 and 31 December 2023
1,270






Net book value



At 31 December 2023
1,270



At 31 December 2022
1,270


5.


Debtors

2023
2022
£
£

Due within one year

Called up share capital not paid
2
2



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
840
840

Other creditors
13,887
12,571

Accruals and deferred income
840
840

15,567
14,251



7.


Related party transactions

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 33.1A not to disclose transactions with group entities which are wholly owned by a member of the group.


Page 4