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Registered number: 07077559
PB LEASING AIRCRAFT NO. 9 LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 MARCH 2025
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PB LEASING AIRCRAFT NO. 9 LIMITED
REGISTERED NUMBER: 07077559
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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PB LEASING AIRCRAFT NO. 9 LIMITED
REGISTERED NUMBER: 07077559
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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 income statement 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 on 12 December 2025.
The notes on pages 3 to 8 form part of these financial statements.
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PB LEASING AIRCRAFT NO. 9 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PB Leasing Aircraft No. 9 Limited is a private company limited by shares and incorporated in England under registered number 07077559. Its registered office is at Second Floor, 1 Putney High Street,Putney, London, SW15 1SZ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The reporting period covers 16 months to 31 March 2025. Accordingly, the comparative figures, which relate to a 12-month period, are not directly comparable.
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Foreign currency translation
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Functional and presentation currency
The Company's functional currency is US$. This differs from the presentational currency which is GBP. The reason for the difference is that all the Company's revenue is generated in US$.
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.
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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
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PB LEASING AIRCRAFT NO. 9 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Turnover is attributable to the principal activity of the company, that of aircraft leasing, wholly undertaken outside the United Kingdom. Turnover is reognised when the lease income is earned.
Debtors under operating leases represent outstanding amounts due under these arrangements.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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PB LEASING AIRCRAFT NO. 9 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
a) Critical judgments in applying the Company's accounting policies.
The directors believe that there are no critical judgments involved in applying the Company's accounting policies that warrant disclosure.
b) Key accounting estimates and assumptions.
The directors believe that there are no key accounting estimates and assumptions involved in applying the
Company's accounting policies that warrant disclosure.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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PB LEASING AIRCRAFT NO. 9 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Due after more than one year
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Amounts recoverable on L/T contracts
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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PB LEASING AIRCRAFT NO. 9 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Authorised, allotted, called up and fully paid
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1,000 (2024 - 1,000) Ordinary shares shares of £1.00 each
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Profit and loss account
The profit and loss account represents the net distributable reserves of the company at the date of the statement of financial position.
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PB LEASING AIRCRAFT NO. 9 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Transactions with directors
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Balance outstanding at the start of the year
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Amount advanced by the director
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Amount repaid to the director
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Balance outstanding at the start of the year
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Amount advanced to the director
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Amount repaid to the director
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Unsecured interest free loan with no fixed repayment date, included in creditors due within one year.
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Related party transactions
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Plane Invest Limited - Mr R J Allard and Mr H D Gamble are directors and shareholders of PB Leasing Aircraft No.9 Limited and also directors of this company. Payment of fees for management of aircraft leases paid to the related party amounted to £110,750 (2023: £29,935) and sales in the period amounted to £1,335,978. At the period end, the amount due to the related party amounted to £nil (2023: £17) and is contained in Trade creditors.
Chelsea Green Engines Limited - Mr R J Allard and Mr H D Gamble are directors and shareholders of PB Leasing Aircraft No.9 Limited and also directors of this company. At the period end, the amount due from the related party amounted to £706,206 (2023: £88,171 receivable), the loan is interest free with no fixed repayment date and is contained in Amounts owed by related parties.
Chelsea Green Aircraft Limited - Mr R J Allard is a director and shareholder of PB Leasing Aircraft No. 9 Limited and also this company. At the period end, the amount due to this related party amounted to £953,516. the loan is interets free and repayable within 12 months.
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The Company is controlled by Mr R J Allard, a director, by virtue of his ownership of 100% (2023: 88%) of the issued share capital in the Company.
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