| REGISTERED NUMBER: |
| MONTE AIRCRAFT LEASING LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2025 |
| REGISTERED NUMBER: |
| MONTE AIRCRAFT LEASING LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2025 |
| MONTE AIRCRAFT LEASING LIMITED (REGISTERED NUMBER: 13460955) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| MONTE AIRCRAFT LEASING LIMITED |
| Company Information |
| for the Year Ended 31 December 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Broadwalk House, 5th Floor |
| 5 Appold Street |
| Broadgate |
| London |
| EC2A 2AG |
| MONTE AIRCRAFT LEASING LIMITED (REGISTERED NUMBER: 13460955) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| as restated |
| Notes | $ | $ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings | 10 | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| MONTE AIRCRAFT LEASING LIMITED (REGISTERED NUMBER: 13460955) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | Statutory information |
| Monte Aircraft Leasing Limited is a |
| The presentation currency of the financial statements is the US Dollar ($). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements have been prepared on a going concern basis. The company has incurred losses during the year, however, the directors have considered the company's forecasts and cash flow requirements. The company has continued to receive financial support through intercompany financing to fund its operations and meet its obligations as they fall due. |
| On this basis, the directors are satisfied that the company will be able to continue to trade for the foreseeable future and it is therefore appropriate to prepare the financial statements on a going concern basis. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Monte Aircraft Leasing Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover represents amounts receivable for operating and finance leased income on aircrafts owned or subleased. |
| Other income |
| Legal fees income represents the re-imbursement of legal fee suffered by the company for the undertaking of a new lease. |
| Other finance income represents administration and arrangement fees for the undertaking of a new lease. |
| Rents receivable represents amounts received in relation to a sublease of the leased office. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. |
| Computer equipment - 3 years straight line method |
| Aircraft held for leasing - 30 years straight line method |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Interests in subsidiaries and associates are initially measured as cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses are recognised immediately in profit or loss. |
| A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. |
| MONTE AIRCRAFT LEASING LIMITED (REGISTERED NUMBER: 13460955) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 2. | Accounting policies - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | Tangible fixed assets |
| Aircraft |
| held for | Computer |
| leasing | equipment | Totals |
| $ | $ | $ |
| Cost |
| At 1 January 2025 |
| Disposals | ( |
) | ( |
) |
| At 31 December 2025 |
| Depreciation |
| At 1 January 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| 5. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| $ |
| Cost |
| At 1 January 2025 |
| Additions |
| At 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| MONTE AIRCRAFT LEASING LIMITED (REGISTERED NUMBER: 13460955) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 6. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| as restated |
| $ | $ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| as restated |
| $ | $ |
| Bank loans and overdrafts |
| Trade creditors |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| as restated |
| $ | $ |
| Other creditors |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | as restated |
| $ | $ |
| Ordinary | £1 | 141 | 141 |
| 10. | Reserves |
| Retained |
| earnings |
| $ |
| At 1 January 2025 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 December 2025 | ( |
) |
| 11. | Related party disclosures |
| Included within other debtors is $12,535 (2024: $12,978) owed by companies in which a director has an interest. |
| Included within other creditors is $1,119,448 (2024: $691,990) owed to companies in which a director has an interest. |