Arab International Association - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02414704 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

ARAB INTERNATIONAL ASSOCIATION FOR

TOURISM AND AUTOMOBILE CLUBS

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M K Abu-Eidah

Mr A S Ben Essa

Mr G El-Saeed

Mr J S A Al Jandal

Mr M A S Ben Essa

SECRETARY:

Mr E Shane

REGISTERED OFFICE:

3rd Floor

24 Chiswell Street

London

EC1Y 4YX

REGISTERED NUMBER:

02414704 (England and Wales)

ACCOUNTANTS:

MHA MacIntyre Hudson

Chartered Accountants

New Bridge Street House

30-34 New Bridge Street

London

EC4V 6BJ

CURRENT ASSETS

Debtors

2,259

4,216

Cash at bank

156

7,155

2,415

11,371

CREDITORS

Amounts falling due within one year

1,508

7,476

NET CURRENT ASSETS

907

3,895

TOTAL ASSETS LESS CURRENT LIABILITIES

907

3,895

CREDITORS

Amounts falling due after more than one year

49,502

58,447

NET LIABILITIES

(48,595

)

(54,552

)

RESERVES

Income and expenditure account

(48,595

)

(54,552

)

(48,595

)

(54,552

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 December 2014 and were signed on its behalf by:

Mr M A S Ben Essa - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis as the Al Ahli Club of Kuwait have given

their undertakings to continue to support the company by not demanding repayment of the long term funding

included as other creditors.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents subscriptions received from members during the year.

2.	LEGAL STATUS OF THE COMPANY

The company is a private company limited by guarantee and not having a share capital.

Every member of the Association undertakes to contribute an amount not exceeding £1 to the assets of the

Association in the event that it is wound up during, or within one year of ceasing, membership.