AIR BERLIN HOLDING LIMITED

• ⚠

  Material uncertainty over going concern

  In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. Based on the work we have performed, we have identified material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -60.3%

  £173,059 → £68,702

• Net assets

  -1.6%

  -£2,760,240 → -£2,805,461

• Employees

  0%

  1 → 1

• Operating profit

  -159.1%

  £76,528 → -£45,221

• Profit before tax

  -159.1%

  £76,528 → -£45,221

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. AIR BERLIN HOLDING LIMITED 2014-11-11 → present
2. AIR BERLIN TECHNIK LIMITED 2007-02-20 → 2014-11-11
3. CORNERFLIGHT LIMITED 2007-01-24 → 2007-02-20

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HSJ Audit Limited

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. Based on the work we have performed, we have identified material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. AIR BERLIN HOLDING LIMITED · parent
   1. Air Berlin LeaseLux Sari 100% · Luxembourg / Switzerland
   2. Belair Airlines AG 49% · Germany
   3. Pegasus Erste Luftfahrtbeteiligungsgesellschaft mgH 100% · Germany
   4. Pegasus Zweite Luftfahrtbeteiligungsgesellschaft mgH 100% · Germany
   5. Pegasus Dritte Luftfahrtbeteiligungsgesellschaft mgH 100% · Germany
   6. Pegasus Vierte Luftfahrtbeteiligungsgesellschaft mgH 100% · Germany
   7. Pegasus Funfte Luftfahrtbeteiligungsgesellschaft mgH 100% · Germany
   8. Pegasus Sechste Luftfahrtbeteiligungsgesellschaft mgH 49% · Germany
   9. Pegasus Siebte Luftfahrtbeteiligungsgesellschaft mgH 100% · Germany
   10. Airberlin Holidays GmbH 49% · Germany

Significant events

• “In August 2017 ABKG and subsequently AB pie went into administration under German law. However the subsidiary ABH and the Pegasus Companies have not been affected.”
• “CHS Holding & Service GmbH is inactive and was disolved by 23 February 2022.”
• “Subsequent to Brexit and changed requirements particular in Germany AB pie issued another share in AB Holding Ltd and transferred one share to its 100% subsidiary AB Asset Holding I, Ltd and the other share to AB Asset Holding II, Ltd, both Dublin, Ireland.”
• “On 1 November 2017, the directors took the decision to cease trading because on 1 November 2017 Air Berlin PLC (the company's ultimate parent undertaking), Air Berlin PLC & Co. Luftverkehers KG and Airberlin Technik GmbH (2 of the company's indirect subsidiary undertakings) have opened insolvency proceedings with the local district court Berlin-Charlottenburg.”

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.