2023-02-28-accounts - Rawdhatul Ilm Wal Huda

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Company Registration No. 11204942 (England and Wales)

RAWDHATUL ILM WAL HUDA ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2023

RAWDHATUL ILM WAL HUDA ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

	Page
Company information	3
Directors' report	4
Income statement	5
Statement of financial position	6
Notes to the accounts	7
Detailed profit and loss account	8

RAWDHATUL ILM WAL HUDA COMPANY INFORMATION FOR THE YEAR ENDED 28 FEBRUARY 2023

Directors

Company Number

Registered Office

Accountants

Muawiyah AHMED Rizwan Khalid AHMED Ziyaulhaq AHMED Khalid IBRAHIM Hussain MOHMED 11204942 (England and Wales) 32 Moss Street Blackburn BB1 5JT United Kingdom SMART ACCOUNTING (NW) LTD 239 RIBBLETON LANE PRESTON PR1 5EA

RAWDHATUL ILM WAL HUDA (COMPANY NO: 11204942 ENGLAND AND WALES) DIRECTORS' REPORT

The directors present their report and accounts for the year ended 28 February 2023.

Directors

The following directors held office during the whole of the period:

Muawiyah AHMED Rizwan Khalid AHMED Ziyaulhaq AHMED Khalid IBRAHIM Hussain MOHMED

Statement of directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

............................................................................

Muawiyah AHMED Director

Approved by the board on: 28 November 2023

RAWDHATUL ILM WAL HUDA INCOME STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2023

	2023	2022
	£	£
Turnover	274,874	293,391
Administrative expenses	(69,032)	(13,967)
Other operating income	-	4,170
Operating profit	205,842	283,594
Gain on sale of investment property	-	81,907
Profit on ordinary activities before taxation	205,842	365,501
Tax on profit on ordinary activities	-	-
Profit for the financial year	205,842	365,501

RAWDHATUL ILM WAL HUDA STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2023

Notes Fixed assets Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds	2023 £ 1,313,978 42,789 245,614 288,403 288,403 1,602,381 1,602,381 1,602,381	2022 £ 1,147,740 35,460 213,339
		248,799
		248,799
		1,396,539
		1,396,539
		1,396,539

For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by

Muawiyah AHMED Director

Company Registration No. 11204942

RAWDHATUL ILM WAL HUDA NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2023

1 Statutory information

RAWDHATUL ILM WAL HUDA is a private company, limited by shares, registered in England and Wales, registration number 11204942. The registered office is 32 Moss Street, Blackburn, BB1 5JT , United Kingdom.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Tangible fixed assets and depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

4 Tangible fixed assets Cost or valuation At 1 March 2022 Additions At 28 February 2023 Depreciation At 28 February 2023 Net book value At 28 February 2023 At 28 February 2022 5 Debtors Amounts falling due within one year VAT	Land & buildings £ At cost 1,090,102 62,300 1,152,402 - 1,152,402 1,090,102	Plant & machinery £ At cost 13,230 4,076 17,306 - 17,306 13,230	Fixtures & fittings £ At cost 31,402 95,071 126,473 - 126,473 31,402	Computer equipment £ At cost 13,006 4,791 17,797 - 17,797 13,006 2023 £ 42,789	Total £ 1,147,740 166,238
					1,313,978

					-
					1,313,978
					1,147,740
					2022 £ 35,460

6 Average number of employees

During the year the average number of employees was 0 (2022: 0).

RAWDHATUL ILM WAL HUDA DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2023

This schedule does not form part of the statutory accounts.

Turnover Sales Administrative expenses Wages and salaries Staff training and welfare Light and heat Telephone and fax Postage Stationery and printing Information and publications Insurance Equipment hire Sundry expenses Solicitors fees Consultancy fees Other legal and professional Other operating income Other operating income Operating profit Exceptional items Gain on sale of investment property Profit on ordinary activities before taxation	2023 £ 274,874 26,862 200 16,289 1,051 1,405 7,051 2,002 1,525 1,026 61 816 4,383 6,361 69,032 - 205,842 - 205,842	2022 £ 293,391
		- - 12,944 834 - - - 130 - - - - 59
		13,967
		4,170
		283,594
		81,907
		365,501

Trustees' annual report Achievements and performance: This has been a milestone year for Rawdhatul llm Wal Huda as it opened it’s doors to the first 100 students in September 2022, upon approval from the DFE .

The application process which had in the background started in the Autumn/Winter 2022; whilst waiting for the DFE Approval, resulted in over subscription for Years 7 and Years 8.

Due to the DFE requirements and as a new school Rawhdatul ilm Wal Huda decided to only start with Years 7 and Years 8. Each new academic Year a new school Year would be added ; so next academic year it will be Years 7, 8 and 9 etc…

At the time of this report Rawdhatul has been running for a number of months and the students have settled in very well. Additionally, any snags to the building work had been picked up and rectified.

Once again the trustees and other volunteers have ensured that wherever possible the construction work continued till completion within a prudent financial framework