Caseware UK (AP4) 2024.0.164 2024.0.164 18false2024-01-01The principal activity of the company during the year was that of aircraft marketing and aviation consultants19truetruefalse 02203997 2024-01-01 2024-12-31 02203997 2023-01-01 2023-12-31 02203997 2024-12-31 02203997 2023-12-31 02203997 c:Director1 2024-01-01 2024-12-31 02203997 c:Director4 2024-01-01 2024-12-31 02203997 d:Buildings 2024-01-01 2024-12-31 02203997 d:Buildings 2024-12-31 02203997 d:Buildings 2023-12-31 02203997 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02203997 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 02203997 d:OfficeEquipment 2024-01-01 2024-12-31 02203997 d:ComputerEquipment 2024-01-01 2024-12-31 02203997 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 02203997 d:OtherPropertyPlantEquipment 2024-12-31 02203997 d:OtherPropertyPlantEquipment 2023-12-31 02203997 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02203997 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02203997 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 02203997 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 02203997 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 02203997 d:CurrentFinancialInstruments 2024-12-31 02203997 d:CurrentFinancialInstruments 2023-12-31 02203997 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02203997 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02203997 d:ShareCapital 2024-12-31 02203997 d:ShareCapital 2023-12-31 02203997 d:SharePremium 2024-12-31 02203997 d:SharePremium 2023-12-31 02203997 d:RetainedEarningsAccumulatedLosses 2024-12-31 02203997 d:RetainedEarningsAccumulatedLosses 2023-12-31 02203997 c:OrdinaryShareClass1 2024-01-01 2024-12-31 02203997 c:OrdinaryShareClass1 2024-12-31 02203997 c:OrdinaryShareClass1 2023-12-31 02203997 c:FRS102 2024-01-01 2024-12-31 02203997 c:Audited 2024-01-01 2024-12-31 02203997 c:FullAccounts 2024-01-01 2024-12-31 02203997 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02203997 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02203997 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 02203997 2 2024-01-01 2024-12-31 02203997 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 02203997 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02203997










AIRCRAFT LEASING AND MANAGEMENT LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 December 2024



 
AIRCRAFT LEASING AND MANAGEMENT LIMITED
Registered number: 02203997

BALANCE SHEET
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
4,429
3,480

Tangible assets
 6 
70,405
102,818

  
74,834
106,298

Current assets
  

Debtors: amounts falling due within one year
 7 
611,826
848,667

Bank & cash balances
  
12,911,358
9,518,891

  
13,523,184
10,367,558

Creditors: amounts falling due within one year
 8 
(1,341,118)
(939,153)

Net current assets
  
 
 
12,182,066
 
 
9,428,405

Total assets less current liabilities
  
12,256,900
9,534,703

  

Net assets
  
12,256,900
9,534,703


Capital and reserves
  

Called up share capital 
 9 
21,667
21,667

Share premium account
  
1,040
1,040

Profit and loss account
  
12,234,193
9,511,996

  
12,256,900
9,534,703


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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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




................................................
T Watanabe
................................................
A Robinson
Director
Director
Date: 1 April 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
AIRCRAFT LEASING AND MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

1.


General information

Aircraft Leasing and Management Limited, company number 02203997 is a wholly owned subsidiary of Fuyo Aviation Capital Europe Limited, both companies are limited by shares and are incorporated in England. The address of the registered office is 1st Floor, Pegasus Two, Pegasus Place, Gatwick Road, Crawley, RH10 9AY.  

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is 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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
AIRCRAFT LEASING AND MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website development
-
5
years

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short term leasehold improvements
-
20%
Office equipment
-
20%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments


The Company only enters into basic financial instrument transactions. Financial assets and
liabilities are recognised when the Company becomes a party to the contractual provisions of the
instrument.
Cash and cash equivalents
These comprise cash at bank and other short term highly liquid investments that mature in no more than three months from the date of acquisition.
Debtors
Debtors do not carry any interest and are stated at their transaction price. Appropriate allowances for estimated irrecoverable amounts are recognised in the Statement of Income and Retained Earnings where there is objective evidence that the asset is impaired.
Creditors
Short term creditors are not interest bearing and are stated at their transaction price.

Page 3

 
AIRCRAFT LEASING AND MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 18).


4.


Other operating income

2024
2023
£
£

Foreign exchange difference - gain/(loss)
231,337
(347,714)

231,337
(347,714)



5.


Intangible assets




Website development

£



Cost


At 1 January 2024
14,620


Additions
2,291



At 31 December 2024

16,911



Amortisation


At 1 January 2024
11,140


Charge for the year on owned assets
1,342



At 31 December 2024

12,482



Net book value



At 31 December 2024
4,429



At 31 December 2023
3,480



Page 4

 
AIRCRAFT LEASING AND MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

6.


Tangible fixed assets





Short term leasehold improvements
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 January 2024
167,221
79,944
247,165


Additions
585
10,646
11,231



At 31 December 2024

167,806
90,590
258,396



Depreciation


At 1 January 2024
77,804
66,543
144,347


Charge for the year on owned assets
33,561
10,083
43,644



At 31 December 2024

111,365
76,626
187,991



Net book value



At 31 December 2024
56,441
13,964
70,405



At 31 December 2023
89,417
13,401
102,818


7.


Debtors

2024
2023
£
£


Trade debtors
4,377
1,750

Amounts owed by group undertakings
140,986
297,627

Other debtors
32,534
28,664

Prepayments and accrued income
433,929
520,626

611,826
848,667


Page 5

 
AIRCRAFT LEASING AND MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
358,578
144,164

Amounts owed to group undertakings
126,975
126,975

Corporation tax
259,378
174,333

Other taxation and social security
249,169
216,009

Other creditors
6,087
5,966

Accruals and deferred income
340,931
271,706

1,341,118
939,153



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



21,667 (2023 - 21,667) ordinary shares of £1.00 each
21,667
21,667



10.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £109,972 (2023- £88,582). Contributions totalling £5,955 (2023 - £5,837) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The directors consider that the ultimate parent undertaking and controlling party of this company is Fuyo General Lease Co Ltd, incorporated  in Japan.  Group financial statements are prepared and can be obtained from: Kojimachi Garden Tower, 5-1-1, Kojimachi, Chiyoda-ku, Tokyo 102-0083, Japan.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 1 April 2025 by J A Peach FCA (Senior Statutory Auditor) on behalf of Kreston Reeves LLP.

Page 6