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Registration number: 03359142

International Air & Shipping Association Limited
(A company limited by guarantee)
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 December 2025

International Air & Shipping Association Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 8

International Air & Shipping Association Limited

Company Information

Directors | Mr C R Sosa Mr R H Bulmer Mr M B Aymen Mr C A Abbott Ms N Al Zeer

Company secretary | Mrs A Spellman

Registered office | Dairy House Moneyrow Green Holyport Maidenhead Berkshire England SL6 2ND

Accountants | Fern & Co Accountants Ltd Chartered Certified AccountantsDairy House Moneyrow Green Holyport Maidenhead Berkshire SL6 2ND

International Air & Shipping Association Limited

(Registration number: 03359142)
Abridged Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,038 | 1,384
Current assets |  |  |
Debtors |  | 459 | 1,277
Cash at bank and in hand |  | 152,636 | 162,645
|  | 153,095 | 163,922
Prepayments and accrued income |  | 395 | 383
Creditors: Amounts falling due within one year |  | (3,209) | (1,374)
Net current assets |  | 150,281 | 162,931
Total assets less current liabilities |  | 151,319 | 164,315
Accruals and deferred income |  | (2,254) | (4,328)
Net assets |  | 149,065 | 159,987
Reserves |  |  |
Other reserves |  | 96,792 | 105,357
Retained earnings |  | 52,273 | 54,630
Surplus |  | 149,065 | 159,987

For the financial year ending 31 December 2025 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 of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 March 2026 and signed on its behalf by:

International Air & Shipping Association Limited

(Registration number: 03359142)
Abridged Balance Sheet as at 31 December 2025

......................................... Mr R H Bulmer Director

International Air & Shipping Association Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Dairy House
Moneyrow Green
Holyport
Maidenhead
Berkshire
SL6 2ND
England

These financial statements were authorised for issue by the Board on 24 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

International Air & Shipping Association Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call 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 change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

International Air & Shipping Association Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

International Air & Shipping Association Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2025 | 4,340 | 4,340
At 31 December 2025 | 4,340 | 4,340
Depreciation
At 1 January 2025 | 2,956 | 2,956
Charge for the year | 346 | 346
At 31 December 2025 | 3,302 | 3,302
Carrying amount
At 31 December 2025 | 1,038 | 1,038
At 31 December 2024 | 1,384 | 1,384

International Air & Shipping Association Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

5 | Reserves

The Association operates a fund (the 'Fund') designed to help protect the Association and its members against unpaid debts from members.
The only payments that shall be made from the Fund shall be:
a) payments to the Associations of unpaid debts from members;
b) payments to members in respect of debts claimed from other members;
c) legal and other costs incurred by the Association in relation to the Fund including and without limitation in relation to collecting debts from members;
d) costs of administering and managing the Fund.
The Fund shall be operated and accounted for independently from other funds of the Association. Any decision made by the board as to any payments to be made from the Fund shall be in its absolute discretion.
A complete breakdown of the rules and regulations can be found on the Company's website.
The Fund is held in a designated US $ account.
During the accounting period the movement on the Fund of £8,565 is broken down as follows:
£8,565 released to the P&L account which net off against Foreign Exchange currency differences
The Fund closing balance agrees to monies held in the designated US $ account.