ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Company Registration Number:
SC347666 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Company Information

for the Period Ended 31 December 2023




Director: Tariq Shaikh
Umar Shaikh
Registered office: Office 821
3 Fitzroy Place
1/1 Sauchiehall Street
Finnieston
Glasgow
GB-SCT
G3 7RH
Company Registration Number: SC347666 (Scotland)

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 43,496 82,837
Total fixed assets: 43,496 82,837
Current assets
Debtors: 10,000 70,754
Cash at bank and in hand: 108,747 71,954
Total current assets: 118,747 142,708
Creditors: amounts falling due within one year: ( 65,407 ) ( 116,673 )
Net current assets (liabilities): 53,340 26,035
Total assets less current liabilities: 96,836 108,872
Creditors: amounts falling due after more than one year: ( 17,089 ) ( 17,089 )
Total net assets (liabilities): 79,747 91,783

The notes form part of these financial statements

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Reserves
Income and expenditure account 79,747 91,783
Members funds 79,747 91,783

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 September 2024
And Signed On Behalf Of The Board By:

Name: Umar Shaikh
Status: Director

The notes form part of these financial statements

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 108,435
Additions -
Disposals (50,440)
Revaluations -
Transfers -
At 31 December 2023 57,995
Depreciation
At 01 January 2023 25,598
Charge for year 14,121
On disposals (25,220)
Other adjustments -
At 31 December 2023 14,499
Net book value
At 31 December 2023 43,496
At 31 December 2022 82,837