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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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EASA EUROPEAN & WORLD CHAPTER LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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EASA EUROPEAN & WORLD CHAPTER LIMITED |
EASA EUROPEAN & WORLD CHAPTER LIMITED (REGISTERED NUMBER: 06803134) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Accountants' Report | 5 |
EASA EUROPEAN & WORLD CHAPTER LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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5YS |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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7/8 Eghams Court |
Boston Drive |
Bourne End |
Buckinghamshire |
SL8 5YS |
EASA EUROPEAN & WORLD CHAPTER LIMITED (REGISTERED NUMBER: 06803134) |
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ABRIDGED BALANCE SHEET |
31 DECEMBER 2018 |
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2018 | 2017 |
£ | £ |
CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Income and expenditure account |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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EASA EUROPEAN & WORLD CHAPTER LIMITED (REGISTERED NUMBER: 06803134) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Easa European & World Chapter Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that |
it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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Company status |
The company is a company limited by guarantee. The members of the company are members on approval by the directors |
and paying membership fees in full. In the event of the company being wound up, the liability in respect of the guarantee is |
limited to £1 per member. |
EASA EUROPEAN & WORLD CHAPTER LIMITED (REGISTERED NUMBER: 06803134) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
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The company uses certain financial instruments in its normal operating and investing activities, which are deemed |
appropriate to its circumstances, such as trade receivables and trade payables, cash at bank deposits and bank overdrafts. |
Financial assets and liabilities are recognised on the company's statements of financial position (balance sheet) when the |
company has become a party to the contractual provisions of the instrument. |
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Cash and cash equivalents comprise cash on hand and on demand deposits, and other short term highly liquid investments |
that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Bank |
overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a |
component of cash and cash equivalents for the purpose only of the cash flow statement. |
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Financial assets |
Trade debtors, loans and other receivables that have fixed or determinable payments are classified as 'Loans and receivables' |
and are measured at amortised cost using the effective interest method less impairment. Interest is recognised by applying the |
effective interest rate, except for short term receivables when the recognition of interest would be immaterial. |
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Financial assets are assessed for impairment at each balance sheet date and any impairment recognised in the profit or loss |
for the year in the statement of comprehensive income. Trade debtors are assessed for collectability and where appropriate |
the carrying amount is reduced through the use of an allowance account. When a trade receivable is uncollectible it is written |
off against the allowance account. Subsequent recoveries of amounts previously written off are credited against the |
allowance account and changes in the carrying amount of the allowance account are recognised in the profit or loss for the |
year in the statement of comprehensive income. |
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Debt and equity instruments issued by the company |
Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the |
contractual arrangement. |
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Financial liabilities |
Financial liabilities such as trade creditors are classified as 'Other financial liabilities' and are measured initially at fair value. |
Other financial liabilities are subsequently measured at amortised cost using the effective interest method, except for short |
term payables when the recognition of interest would be immaterial. |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
EASA EUROPEAN & WORLD CHAPTER LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are |
not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Easa European & World Chapter Limited for the year ended 31 December 2018 which comprise the Income Statement, |
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given |
us. |
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This report is made solely to the Board of Directors of Easa European & World Chapter Limited, as a body, in accordance with our |
terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Easa European & |
World Chapter Limited and state those matters that we have agreed to state to the Board of Directors of Easa European & World |
Chapter Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone |
other than Easa European & World Chapter Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Easa European & World Chapter Limited has kept adequate accounting records and to prepare statutory |
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Easa European & World |
Chapter Limited. You consider that Easa European & World Chapter Limited is exempt from the statutory audit requirement for the |
year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Easa European & World Chapter Limited. |
For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you |
have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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7/8 Eghams Court |
Boston Drive |
Bourne End |
Buckinghamshire |
SL8 5YS |
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