Falcon Lease Ltd

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

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.

Service fees arise from provision of certain advisory, administrative, sales and marketing services and are recognised in the period when the services are rendered.

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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.

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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)

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

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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

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		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