Registered number 12180101
Masjid-E-Quba Association Ltd Trustees' Annual Report Report and Accounts
31 August 2023
Masjid-E-Quba Association Ltd Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 3 |
| Income and Expenditure Account | 4 |
| Balance sheet | 5 |
| Statement of changes in equity | 6 |
| Notes to the accounts | 7 |
Masjid-E-Quba Association Ltd Company Information
Directors
Saleem Patel Allibhai Ahmed Khoonawala Eqramul Hak Mehmed Hanif Bhad Elias Ismail Ahmed Accountants Alchemy Associates Ltd 4 Wangey Road Chadwell Heath Essex RM6 4DD
Registered office
212c Romford Road London E7 9HY
Registered number 12180101
1
Masjid-E-Quba Association Ltd Registered number: 12180101 Directors' Report
The directors present their report and accounts for the year ended 31 August 2023.
Principal activities
Company is a charitable company registered with the charity Commission. The Charity currently receiving rental income from the investment properties.
Directors
The following persons served as directors during the year:
Saleem Patel Allibhai Ahmed Khoonawala Eqramul Hak Mehmed Hanif Bhad Elias Ismail Ahmed
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 13 September 2023 and signed on its behalf.
Mr Saleem Patel Director
2
Masjid-E-Quba Association Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Masjid-EQuba Association Ltd for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Masjid-E-Quba Association Ltd for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Alchemy Associates Ltd Chartered Certified Accountants 4 Wangey Road Chadwell Heath Essex RM6 4DD
13 September 2023
3
Masjid-E-Quba Association Ltd Income and Expenditure Account for the year ended 31 August 2023
| Rent Receivable Administrative expenses Surplus profit Interest receivable Surplus After Expenditure Tax on profit Surplus for the financial year |
2023 £ 42,440 (11,166) 31,274 1 31,275 - 31,275 |
2022 £ 43,200 (10,526) 32,674 1 32,675 - 32,675 |
|---|---|---|
4
Masjid-E-Quba Association Ltd Registered number: 12180101 Balance Sheet as at 31 August 2023
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds |
2023 £ 551,177 240,721 (1,081) 239,640 790,817 790,817 790,817 |
204,445 3,920 |
2022 £ 551,177 208,365 759,542 759,542 759,542 |
|---|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Saleem Patel Director
Approved by the board on 13 September 2023
5
Masjid-E-Quba Association Ltd Statement of Changes in Equity for the year ended 31 August 2023
| At 1 September 2021 Profit for the financial year At 31 August 2022 At 1 September 2022 Profit for the financial year At 31 August 2023 |
Surplus and (Deficit) account £ 726,867 32,675 759,542 759,542 31,275 790,817 |
Total £ 726,867 32,675 759,542 759,542 31,275 790,817 |
|---|---|---|
6
Masjid-E-Quba Association Ltd Notes to the Accounts for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings
over 50 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 September 2022 At 31 August 2023 Depreciation At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 4 Creditors: amounts falling due within one year Trade creditors Other creditors |
2023 Number 0 2023 £ - 1,081 1,081 |
2022 Number 0 Land and buildings £ 551,177 551,177 - 551,177 551,177 2022 £ (5,000) 1,080 (3,920) |
|---|---|---|
7
Masjid-E-Quba Association Ltd Notes to the Accounts for the year ended 31 August 2023
5 Other information
Masjid-E-Quba Association Ltd is a private company limited by Guarantee and incorporated in England. Its registered office is: 212c Romford Road London E7 9HY
8
Masjid-E-Quba Association Ltd Detailed Income and Expenditure Account for the year ended 31 August 2023
This schedule does not form part of the statutory accounts
| Sales Administrative expenses Operating profit Interest receivable Profit before tax |
2023 £ 42,440 (11,166) 31,274 1 31,275 |
2022 £ 43,200 (10,526) 32,674 1 32,675 |
|---|---|---|
9
Masjid-E-Quba Association Ltd Detailed Income and Expenditure Account for the year ended 31 August 2023
This schedule does not form part of the statutory accounts
| Sales Sales Administrative expenses General administrative expenses: Bank charges Legal and professional costs: Accountancy fees Solicitors fees Other legal and professional |
2023 £ 42,440 158 158 1,080 3,469 6,459 11,008 11,166 |
2022 £ 43,200 116 116 1,080 1,000 8,330 10,410 10,526 |
|---|---|---|
10