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