Mehr Cultural Foundation


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Registered number: 03783233
Mehr Cultural Foundation
Abbreviated accounts
For The Year Ended 30 June 2015
Boroumand & Associates LLP

Chartered Accountants

6th Floor
94-96 Wigmore Street
London
W1U 3RF
Abbreviated Balance Sheet
2015 2014
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 10,868 3,714
10,868 3,714
NET CURRENT ASSETS (LIABILITIES) 10,868 3,714
TOTAL ASSETS LESS CURRENT LIABILITIES 10,868 3,714
NET ASSETS 10,868 3,714
Income and Expenditure Account 10,868 3,714
MEMBERS' FUNDS 10,868 3,714
For the year ending 30 June 2015 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 2008).
On behalf of the board
Mr Hamid Sabi
10/03/2016
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Notes to the Abbreviated Accounts
Accounting Policies
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 April 2008).
Turnover
Turnover comprises of donations, publications and other income net of Value Added Tax.
Student Grants
All grants are paid directly to universities, colleges and institutions of higher education towards the students' tuition fees.The students take on a verbal honorary undertaking to repay their grants as soon as they are financially able to do so. Since there are no written and legally binding undertaking on the part of the students for repayment, grants are charged to the income and expenditure account as and when they occur. The students repayments are shown as a reduction in the income and expenditure account.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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