REGISTERED NUMBER: 07890231 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Falcona Private Jets Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

2,069

2,758

CURRENT ASSETS

Debtors

5

99,741

46,325

Cash at bank

-

2

99,741

46,327

CREDITORS

Amounts falling due within one year

6

95,406

39,095

NET CURRENT ASSETS

4,335

7,232

TOTAL ASSETS LESS CURRENT LIABILITIES

6,404

9,990

CREDITORS

Amounts falling due after more than one year

7

(4,903

)

(8,687

)

PROVISIONS FOR LIABILITIES

(517

)

(690

)

NET ASSETS

984

613

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

983

612

SHAREHOLDERS' FUNDS

984

613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 September 2025 and were signed by:

Mr A R Sampson-Mike - Director

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 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

3,678

DEPRECIATION

At 1 January 2024

920

Charge for year

689

At 31 December 2024

1,609

NET BOOK VALUE

At 31 December 2024

2,069

At 31 December 2023

2,758

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

45,200

33,000

Other debtors

54,541

13,325

99,741

46,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,988

13,497

Trade creditors

52,199

-

Taxation and social security

27,109

17,733

Other creditors

7,110

7,865

95,406

39,095

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,903

8,687

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr A R Sampson-Mike

Balance outstanding at start of year

(13,325

)

(33,882

)

Amounts advanced

(69,003

)

(54,746

)

Amounts repaid

38,188

75,303

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(44,140

)

(13,325

)