Registered number
07121736
Siddiquia Education Trust (Company Limited by Guarantee)
Unaudited Filleted Accounts
31 January 2024
Siddiquia Education Trust (Company Limited by Guarantee)
Registered number: 07121736
Statement of financial position
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 306,318 313,732
Current assets
Debtors 4 3,113 2,534
Cash at bank and in hand 109,377 104,900
112,490 107,434
Creditors: amounts falling due within one year 5 (3,788) (1,734)
Net current assets 108,702 105,700
Net assets 415,020 419,432
Reserves
Income and expenditure account 415,020 419,432
Total Reserves 415,020 419,432
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 member has 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.
Mohammed Suleman
Director
Approved by the board on 31 October 2024
Siddiquia Education Trust (Company Limited by Guarantee)
Notes to the Accounts
for the year ended 31 January 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).
Income
Income represents donations received and receivable during the period.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on 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:
Buildings 2% straight line
Fixtures, fittings, tools and equipment 15% 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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 291,000 129,977 420,977
At 31 January 2024 291,000 129,977 420,977
Depreciation
At 1 February 2023 14,560 92,685 107,245
Charge for the year 1,820 5,594 7,414
At 31 January 2024 16,380 98,279 114,659
Net book value
At 31 January 2024 274,620 31,698 306,318
At 31 January 2023 276,440 37,292 313,732
4 Debtors 2024 2023
£ £
Other debtors 3,113 2,534
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 3,788 1,734
6 Guarantees made by the company on behalf of directors
The company is limited by guarantee of members and does not have share capital. The liability of members is limited to £1. On winding up of the company, any surplus assets that exist must be transferred to another body or bodies having objects similar to those of the company.
7 Other information
Siddiquia Education Trust (Company Limited by Guarantee) is a company limited by guarantee and incorporated in England. Its registered office is:
28 Willes Road
Birmingham
B18 4PY
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