7436 Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07333278 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

7436 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M.J. Garland

SECRETARY:

M J Thatcher

REGISTERED OFFICE:

Rauter House

1 Sybron Way

Crowborough

East Sussex

TN6 3DZ

REGISTERED NUMBER:

07333278 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie

Rauter House

1 Sybron Way

Crowborough

East Sussex

TN6 3DZ

CURRENT ASSETS

Cash at bank

179,292

7,272

CREDITORS

Amounts falling due within one year

176,445

2,334

NET CURRENT ASSETS

2,847

4,938

TOTAL ASSETS LESS CURRENT LIABILITIES

2,847

4,938

CAPITAL AND RESERVES

Called up share capital

2

1

1

Profit and loss account

2,846

4,937

SHAREHOLDERS' FUNDS

2,847

4,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 director on 15 September 2014 and were signed by:

M J Thatcher - Director

1.	ACCOUNTING POLICIES

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).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related

Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net operating lease rentals receivable during the year, excluding value added tax.

Deferred tax

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

balance sheet date as these are considered immaterial.

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.

Functional and presentational currency

These financial statements are presented in US Dollars, which is the Company's functional currency.

Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profit on a straight line basis over the lease term.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

$

$

1

Ordinary

$1

1

1

3.	ULTIMATE PARENT COMPANY

Kahala Aviation Limited (incorporated in Bermuda ) is regarded by the director as being the company's ultimate

parent company.