Fly Leasing Limited

FLY LEASING LIMITED - Company Information

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Registered number: 09769462

Fly Leasing Limited

Abbreviated accounts

For the Period 9 September 2015 to 30 September 2016

Fly Leasing Limited

Company No. 09769462

Abbreviated Balance Sheet 30 September 2016

Abbreviated Balance Sheet

		Period to 30 September 2016
	Notes	£	£
FIXED ASSETS
Tangible Assets	2		149

			149
CURRENT ASSETS
Debtors		19,616
Cash at bank and in hand		4,524

		24,140
Creditors: Amounts Falling Due Within One Year		(23,007 )

NET CURRENT ASSETS (LIABILITIES)			1,133

TOTAL ASSETS LESS CURRENT LIABILITIES			1,282

NET ASSETS			1,282

CAPITAL AND RESERVES
Called up share capital	3		100
Profit and Loss Account			1,182

SHAREHOLDERS' FUNDS			1,282

Fly Leasing Limited

Company No. 09769462

Abbreviated Balance Sheet (continued) 30 September 2016

For the period ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Paul Broadbent

3rd June 2017

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Fly Leasing Limited

Notes to the Abbreviated Accounts

For the Period 9 September 2015 to 30 September 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Fixtures & Fittings

25% Reducing balance method

2. Tangible Assets


	Total
Cost	£
As at 9 September 2015	-
Additions	199

As at 30 September 2016	199

Depreciation
As at 9 September 2015	-
Provided during the period	50

As at 30 September 2016	50

Net Book Value
As at 30 September 2016	149

As at 9 September 2015	-

3. Share Capital

	Value	Number	Period to 30 September 2016
Allotted, called up and fully paid	£		£
Ordinary shares	1.000	100	100

	Nominal value	Number	Amount

Shares issued during the period:	£		£
Ordinary shares	1.000	100	100

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Fly Leasing Limited

Notes to the Abbreviated Accounts (continued)

For the Period 9 September 2015 to 30 September 2016

4. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 9 September 2015	Amounts advanced	Amounts repaid	As at 30 September 2016
	£	£	£	£
Mr Paul Broadbent	-	11,574	-	11,574
Mr Alan Watts	-	11,574	-	11,574

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	Period to 30 September 2016
	£
Mr Paul Broadbent	32,000
Mr Alan Watts	32,000

5. Ultimate Controlling Party

The company's ultimate controlling party is Mr Paul Broadbent by virtue of his ownership of 100% of the issued share capital in the company.

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