TM Aircraft 28569 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12758660 (England and Wales)

TM AIRCRAFT 28569 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H D Gamble

T J Metello

F Andrade

REGISTERED OFFICE:

2nd Floor

1 Putney High Street

Putney

London

SW15 1SZ

REGISTERED NUMBER:

12758660 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

CURRENT ASSETS

Debtors

4

757,343

3,849,740

Cash at bank

211,276

29,223

968,619

3,878,963

CREDITORS

Amounts falling due within one year

5

1,803

240,680

NET CURRENT ASSETS

966,816

3,638,283

TOTAL ASSETS LESS CURRENT
LIABILITIES

966,816

3,638,283

CREDITORS

Amounts falling due after more than one
year

6

600,000

1,100,000

NET ASSETS

366,816

2,538,283

CAPITAL AND RESERVES

Called up share capital

7

1,254

Retained earnings

8

365,562

2,537,029

SHAREHOLDERS' FUNDS

366,816

2,538,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

T J Metello - Director

1.	STATUTORY INFORMATION

TM Aircraft 28569 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in US dollar being the most relevant currency for the company.

Turnover

Turnover is measured at the fair value of finance lease interest receivable over the term of the lease excluding discounts, rebates, value added tax and services costs.

Refunds of income recognised in prior periods are presented as a reduction of the related income category in the period in which the refund is made.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into US dollar at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Finance lease

The company leases out aircrafts under finance lease agreements.

The leased assets are derecognised upon lease commencement and a lease receivable is recognised.

The leases are assessed at each reporting date to establish whether there is objective evidence that a lease receivable or group of lease receivables is impaired. If such evidence exists, an impairment loss is recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.

DEBTORS

30.11.25

30.11.24

$

Amounts falling due within one year:

Trade debtors

-

1,803

Amounts receivable in respect of finance
leases

1,978,237

VAT

180

-

1,978,417

1,980,040

Amounts falling due after more than one year:

Finance Lease

(1,221,074

)

1,869,700

Aggregate amounts

757,343

3,849,740

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

$

Taxation and social security

-

238,300

Other creditors

1,803

2,380

1,803

240,680

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.25

30.11.24

$

Other creditors

600,000

1,100,000

Included in other creditors is an amount of $600,000 (2024: $1,100,000) related to the finance lease of an aircraft to Asia Cargo Network. This amount consists of a deposit of $600,000 received from Asia Cargo Network

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

$

930

Ordinary

$1.33

1,166

70

Ordinary B

$1.33

88

1,254

8.

RESERVES

Retained

earnings

$

At 1 December 2024

2,537,029

Deficit for the year

(581,167

)

Dividends

(1,590,300

)

At 30 November 2025

365,562

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T J Metello.