Registered number
08151041
PRESTON MUSLIM SOCIETY, MASJID-E-SALAAM
Filleted Accounts
31 March 2024
PRESTON MUSLIM SOCIETY, MASJID-E-SALAAM
Registered number: 08151041
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,904,978 5,108,457
Investments 4 179,837 -
5,084,815 5,108,457
Current assets
Debtors 5 33,077 29,993
Cash at bank and in hand 290,800 269,887
323,877 299,880
Creditors: amounts falling due within one year 6 (1,000) (5,269)
Net current assets 322,877 294,611
Net assets 5,407,692 5,403,068
Capital and reserves
Profit and loss account 5,407,692 5,403,068
Shareholders' funds 5,407,692 5,403,068
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 Ilyas Patel
Director
Approved by the board on 20 September 2024
PRESTON MUSLIM SOCIETY, MASJID-E-SALAAM
Notes to the Accounts
for the year ended 31 March 2024
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:
Land and buildings 1% Straight line
Fixtures and equipment 10% Straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 5,489,611 9,122 5,498,733
Additions 30,674 - 30,674
Transferred to investments (179,837) - (179,837)
At 31 March 2024 5,340,448 9,122 5,349,570
Depreciation
At 1 April 2023 383,892 6,384 390,276
Charge for the year 53,404 912 54,316
At 31 March 2024 437,296 7,296 444,592
Net book value
At 31 March 2024 4,903,152 1,826 4,904,978
At 31 March 2023 5,105,719 2,738 5,108,457
4 Investments
Other
investments
£
Cost
Additions 179,837
At 31 March 2024 179,837
5 Debtors 2024 2023
£ £
Other debtors 33,077 29,993
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 625
Other creditors 1,000 4,644
1,000 5,269
7 Other information
PRESTON MUSLIM SOCIETY, MASJID-E-SALAAM is a private company limited by shares and incorporated in England. Its registered office is:
Soloman House
Belgrave Court
Fulwood
Preston
PR2 9PL
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