REGISTERED NUMBER: 01561635 (England and Wales)

EGYPTIAN-BRITISH CHAMBER OF COMMERCE

(THE)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M T M Khaled

Mr A P Baker

Mr M Al-Miqdadi

Mr A Beshir

Mrs J D Bradbury

Dr E El Sadat

Mr M E Elkerdany

Ms I A M El Sherif

Mr I Gray

Dr Y I Hassan

Dr M A A G Hassanein

Mr K M Nosseir

Mr M Omran

SECRETARY:

Mr A P Baker

REGISTERED OFFICE:

17 Hanover Square

London

W1S 1BN

REGISTERED NUMBER:

01561635 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

CURRENT ASSETS

Debtors

6

16,269

8,567

Cash at bank and in hand

194,070

208,347

210,339

216,914

CREDITORS

Amounts falling due within one year

7

17,453

27,786

NET CURRENT ASSETS

192,886

189,128

TOTAL ASSETS LESS CURRENT LIABILITIES

192,886

189,128

RESERVES

Initial Contributions by

founder members

8

44,990

44,990

Capital contributions by

Egyptian Government

8

48,571

48,571

Income and expenditure account

8

99,325

95,567

MEMBERS' FUNDS

192,886

189,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

Mr M T M Khaled - Director

1.	STATUTORY INFORMATION

Egyptian-British Chamber of Commerce (The) is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Including the provisions of Section lA "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured ar cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life of three years and are amortised accordingly.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part Is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are changed to profit or loss during the period In which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short term leasehold property - 33% reducing balance

Office equipment- 50% reducing balance

The assets residual values, useful lives and depreciation methods are review, and adjusted prospectively If appropriate, or if there Is an Indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Although challenges remain with respect to business activities relating to part of the Middle East, the stable political environment in Egypt, the promising subsequent events together with growing interest in its skilled low cost employment regime and its central geographical position have benefitted the Chamber . These considerations and strong control of overheads have led to an improving performance by the Chamber overall.

As part of the directors' assessment of going concern , they have reviewed cash flow, the Chamber's significant cash reserves, and profit and loss forecasts for the remainder of the current financial period .

The directors have a reasonable expectation that the company has adequate resources to continue In operational existence for the foreseeable future and to discharge it's liabilities when due. Although the company incurred only a modest surplus during the year, it still has significant cash reserves available if required to continue operationally for the 12 months from the date of approval of these accounts.

For these reasons, the directors continue to adopt the going concern basis in preparing the annual report and financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

19,227

AMORTISATION

At 1 April 2024

and 31 March 2025

19,227

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

5,925

DEPRECIATION

At 1 April 2024

and 31 March 2025

5,925

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,019

2,815

Other debtors

2,479

3,329

Prepayments and accrued income

2,771

2,423

16,269

8,567

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,356

12,608

Tax

882

-

Social security and other taxes

3,241

2,490

VAT

5,749

3,294

Other creditors

3,073

571

Accruals and deferred income

2,152

8,823

17,453

27,786

8.

RESERVES

Initial

Capital

Income

Contributions

contributions

and

by

by

expenditure

founder

Egyptian

account

members

Government

Totals

£

£

£

£

At 1 April 2024

95,567

44,990

48,571

189,128

Surplus for the year

3,758

-

-

3,758

At 31 March 2025

99,325

44,990

48,571

192,886

9.	OFF-BALANCE SHEET ARRANGEMENTS

At the year end date the company had operating lease commitments in respect of land and buildings which are not included in the balance sheet and which extend to May 2026. The future minimum lease payments in respect of these total £17,760 (2024: £14,280) of which £14,760 (2024: £12,240) is payable within 12 months.

10.	SUBSIDIARY UNDERTAKINGS

During the year under review, the company was the sole member of The Middle East Association ("MEA"), a company incorporated in England and Wales and Limited by guarantee. The company sold MEA and the MEA related website to a third party on 15 July 2024.