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REGISTERED NUMBER: 07890231 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Falcona Private Jets Ltd

Falcona Private Jets Ltd (Registered number: 07890231)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Falcona Private Jets Ltd (Registered number: 07890231)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,758 -

CURRENT ASSETS
Debtors 5 46,325 45,882
Cash at bank 2 3,567
46,327 49,449
CREDITORS
Amounts falling due within one year 6 39,095 36,065
NET CURRENT ASSETS 7,232 13,384
TOTAL ASSETS LESS CURRENT LIABILITIES 9,990 13,384

CREDITORS
Amounts falling due after more than one year 7 (8,687 ) (12,789 )

PROVISIONS FOR LIABILITIES (690 ) -
NET ASSETS 613 595

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 612 594
SHAREHOLDERS' FUNDS 613 595

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mr A R Sampson-Mike - Director


Falcona Private Jets Ltd (Registered number: 07890231)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Falcona Private Jets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07890231

Registered office: Signature Flight Support
Hangar 7,Fairey's Way
Manchester Airport, Manchester
United Kingdom
M90 5NE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents invoiced sales of goods/ services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Falcona Private Jets Ltd (Registered number: 07890231)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 3,678
At 31 December 2023 3,678
DEPRECIATION
Charge for year 920
At 31 December 2023 920
NET BOOK VALUE
At 31 December 2023 2,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,000 12,000
Other debtors 13,325 33,882
46,325 45,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,497 3,676
Trade creditors - 2,237
Taxation and social security 17,733 26,327
Other creditors 7,865 3,825
39,095 36,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 8,687 12,789

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A R Sampson-Mike
Balance outstanding at start of year (33,882 ) 96
Amounts advanced (54,746 ) (102,565 )
Amounts repaid 75,303 68,587
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,325 ) (33,882 )