EXECUTIVE JET MANAGEMENT (EUROPE) LIMITED

1. EXECUTIVE JET MANAGEMENT (EUROPE) LIMITED 2013-06-06 → present
2. NETJETS EXECUTIVE LTD 2005-07-21 → 2013-06-06
3. BESMART VENTURES LIMITED 2005-03-17 → 2005-07-21

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's business activities, together with the factors likely to affect its future development and position, are set out in the strategic report. The Company is expected to continue to generate profits and operating cash flows on its own account for the foreseeable future. On this basis, and on their assessment of the Company's financial position and recoverability of the amounts due from group undertakings, the Company's directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. Please see note 3 accounting policies section b). The directors have performed a going concern assessment which indicates that, in reasonably possible downsides, the Company will require additional funds, through funding from its immediate parent company, NetJets Inc, to meet its liabilities as they fall due during 12-month period following the date of the approval of the financial statements, the going concern assessment period. NetJets Inc has indicated its intention to continue to make available such funds as are needed by the Company during the going concern assessment period if cash requirements cannot be fulfilled by sales. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. EXECUTIVE JET MANAGEMENT (EUROPE) LIMITED · parent
   1. EJME (Portugal) Aircraft Management, Lda 49% · Portugal
   2. NetJets Air Transport UK Limited 49% · England and Wales

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.