Registered number
05297454
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Filleted Accounts
30 November 2023
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Registered number: 05297454
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 1,822,115 1,822,309
Current assets
Debtors 3 5,605 5,605
Work in progress 52,615 52,615
Cash at bank and in hand 248,038 247,153
306,258 305,373
Creditors: amounts falling due within one year 4 (46,986) (46,986)
Net current assets 259,272 258,387
Total assets less current liabilities 2,081,387 2,080,696
Creditors: amounts falling due after more than one year 5 (57,035) (57,035)
Net assets 2,024,352 2,023,661
Reserves
Net income/expenditure 2,024,352 2,023,661
Charity funds 6 2,024,352 2,023,661
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.
Rauf Olawale Mohammed-Noah
Director
Approved by the board on 31 August 2024
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Income
Turnover represents donations and contributions from members.
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:
Plant and machinery 18% reducing balance.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other debtors 5,605 5,605
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 46,986 46,986
5 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors 57,035 57,035
6 Income and Expenditure account 2023
£
At 1 December 2022 2,011,646
Net income for the year 12,706
At 30 November 2023 2,024,352
7 Other information
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland is a private company limited by shares and incorporated in England. Its registered office is:
Nasfat Islamic Community Centre
St Ronans View
Dartford
DA1 1AE
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