Acorah Software Products - Accounts Production 19.2.350 false true true 31 December 2024 1 January 2024 false 9 April 2026 1 January 2025 31 December 2025 31 December 2025 12305715 Mr Wee Kok Tan Sasser, Inc. 700 Commerce Drive, Suite 450, Oak Brook, IL 60523, USA false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12305715 2024-12-31 12305715 2025-12-31 12305715 2025-01-01 2025-12-31 12305715 frs-core:CurrentFinancialInstruments 2025-12-31 12305715 frs-core:ComputerEquipment 2025-12-31 12305715 frs-core:ComputerEquipment 2025-01-01 2025-12-31 12305715 frs-core:ComputerEquipment 2024-12-31 12305715 frs-core:ShareCapital 2025-12-31 12305715 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12305715 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12305715 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12305715 frs-bus:SmallEntities 2025-01-01 2025-12-31 12305715 frs-bus:Audited 2025-01-01 2025-12-31 12305715 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12305715 1 2025-01-01 2025-12-31 12305715 frs-bus:Director1 2025-01-01 2025-12-31 12305715 frs-countries:EnglandWales 2025-01-01 2025-12-31 12305715 2023-12-31 12305715 2024-12-31 12305715 2024-01-01 2024-12-31 12305715 frs-core:CurrentFinancialInstruments 2024-12-31 12305715 frs-core:Non-currentFinancialInstruments 2024-12-31 12305715 frs-core:ShareCapital 2024-12-31 12305715 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12305715
Falcon Lease Ltd
Financial Statements
For The Year Ended 31 December 2025
Harding and Boulter
Falcon Lease Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1
Notes to the Financial Statements | 2—5

Page 1
Falcon Lease Ltd
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 12305715

| 2025 | 2024
--- | --- | ---
| Notes | $ | $ | $ | $
FIXED ASSETS
CURRENT ASSETS
Debtors | 5 | 228,184 |  | 151,002 |
Cash at bank and in hand |  | 198,405 |  | 408,420 |
|  | 426,589 |  | 559,422 |
Creditors: Amounts Falling Due Within One Year | 6 | (212,109 ) |  | (342,003 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 214,480 |  | 217,419
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 214,480 |  | 217,419
NET ASSETS |  |  | 214,480 |  | 217,419
CAPITAL AND RESERVES
Called up share capital | 7 |  | 1 |  | 1
Income Statement |  |  | 214,479 |  | 217,418
SHAREHOLDERS' FUNDS |  |  | 214,480 |  | 217,419

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr Wee Kok Tan Director
09/04/2026

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Falcon Lease Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Falcon Lease Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12305715 . The registered office is Walnut Trees, The Street, Sissinghurst, Cranbrook, Kent, TN17 2JL.
The presentation currency of the financial statements is the US Dollar ($).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The accounts have been drawn up on a going concern basis as the director has assessed the trading viability of the company and considers it to be able to pay its debts for at least the next 12 months.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
(a) Management fees
Management fees arise from the managing of containers and are recognised in the period when the services are rendered.
(b) Acquisition fees
Acquisition fees arise from the company acting as the agent and purchase of equipment on the owners' behalf and are recognised in the period when the services are rendered.
(c) Corporate service fees
Service fees arise from provision of certain advisory, administrative, sales and marketing services and are recognised in the period when the services are rendered.
Page 2
Page 3
Falcon Lease Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment | 33% straight line basis

2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into US Dollars at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.8. Leases as a lessor
Leases where substantially all the risks and benefits of ownership of equipment are transferred to the lessee are classified as finance leases. The company recognizes a Finance Lease as a sale, with any gain from the sale recorded over the term of the lease and any loss from the sale recorded at the time the lease is entered. Future lease payments, less unearned finance lease interest income, are shown as debtors (receivables from finance leases) on the Statement of Financial Position. The finance lease interest income is amortized on the Income Statement over the term of the lease.
Page 3
Page 4
Falcon Lease Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets

| Computer Equipment
--- | ---
| $
Cost
As at 1 January 2025 | 3,660
As at 31 December 2025 | 3,660
Depreciation
As at 1 January 2025 | 3,660
As at 31 December 2025 | 3,660
Net Book Value
As at 31 December 2025 | -
As at 1 January 2025 | -

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| $ |  | $
Due within one year
Trade debtors | 4,872 |  | 3,647
Amounts recoverable on contracts | 2,475 |  | 36,077
Amounts owed by immediate parent company | 220,837 |  | 108,803
| 228,184 |  | 148,527
Due after more than one year
Amounts recoverable on contracts | - |  | 2,475
| 228,184 |  | 151,002

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| $ |  | $
Corporation tax | 9,040 |  | 12,852
Amount due to container owners | 146,054 |  | 276,499
Accruals and deferred income | 57,015 |  | 52,652
| 212,109 |  | 342,003

Page 4
Page 5
Falcon Lease Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| $ |  | $
Allotted, Called up and fully paid | 1 |  | 1

8. Related Party Transactions
The company’s turnover includes $220,837 (2024: $217,844) in respect of service fees receivable from its parent undertaking Falcon Lease Pte Ltd.
At 31 December 2025 Falcon Lease Pte Ltd owed this company $220,837 (2024: $108,803).
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our accountants to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Falcon Lease Pte Ltd . Falcon Lease Pte Ltd was incorporated in Singapore. Copies of the group accounts may be obtained from the secretary, 700 Commerce Drive, Suite 450, Oak Brook, IL 60523, USA . The controlling party is Sasser, Inc. which controls 97% (2024: 96.7%) of the shares of Falcon Lease Ltd as of 31 December 2025.
11. Going concern
As described in the accounting policies note 2.2, the financial statements have been prepared on the going concern basis as the director is of the opinion that the company can service its debts for a minimum period of 12 months from the date of approval of these accounts.
12. Audit Information
The auditor's report on the accounts of Falcon Lease Ltd for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by John Gibbs ACA (Senior Statutory Auditor) for and on behalf of A H Partnership , Statutory Auditor.

A H Partnership Stanley House 49 Dartford Road Sevenoaks Kent TN13 3TE

Page 5