7436 Limited - Accounts to registrar (filleted) - small 18.2
7436 Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2018 |
for |
7436 Limited |
7436 Limited (Registered number: 07333278) |
Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
7436 Limited |
Company Information |
for the Year Ended 31 December 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Oxford House |
15-17 Mount Ephraim Road |
Tunbridge Wells |
Kent |
TN1 1EN |
7436 Limited (Registered number: 07333278) |
Balance Sheet |
31 December 2018 |
31.12.18 | 31.12.17 |
Notes | $ | $ |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
7436 Limited (Registered number: 07333278) |
Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
1. | STATUTORY INFORMATION |
7436 Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents net operating lease rentals receivable during the year, excluding value added tax. |
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. |
Functional and presentational currency |
These financial statements are presented in US Dollars, which is the Company's functional currency. |
Leases |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
the lessor are charged against profit on a straight line basis over the lease term. |
Deferred tax |
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date as these are considered immaterial. |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
$ | $ |
Trade debtors |
Amounts owed by group undertakings |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
$ | $ |
Amounts owed to group undertakings |
Tax |
Accrued expenses |
The Company's obligation to pay operating lease rentals is limited recourse, being subject to the receipt of sub |
lease rentals and is secured by an assignment of the aircraft sub lease and related agreements. |
7436 Limited (Registered number: 07333278) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
5. | SECURED DEBTS |
A lessee security agreement was registered on 26 January 2011 by Danish CRJ Limited on all monies due or to |
become due from the company to the chargee on any account whatsoever under the terms of the aforementioned |
instrument creating or evidencing the charge. |
The lease agreement relates to one Bombardier CRJ200LR aircraft with serial no. 7436. |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.18 | 31.12.17 |
value: | $ | $ |
Ordinary | $1 | 1 | 1 |
7. | RESERVES |
Retained |
earnings |
$ |
At 1 January 2018 |
Profit for the year |
At 31 December 2018 |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
Kahala Aviation Leasing Limited, a Cayman registered company, is the controlling party due to the virtue of |
owning 100% of the share capital of the company. |
Kahala Aviation Leasing Limited in turn is owned 100% by Kahala Aviation Limited, a company registered in |
Bermuda. |