World Fed Investments Limited
Registered number: 13709759
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 411,875 411,875
Current assets
Cash at bank and in hand 2,119 7,894
Creditors: amounts falling due within one year 4 (413,994) (419,769)
Net current liabilities (411,875) (411,875)
Net assets - -
Capital and reserves
Shareholders' funds - -
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.
S Rajan
Director
Approved by the board on 23 December 2024
World Fed Investments Limited
Notes to the Accounts
for the year ended 31 December 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents and services charges.
Investments
Investments include investment properties that are measured at fair value, with changes in fair value recognised in profit or loss.
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 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Shoaib Arshad, ACA FCCA
Firm: Knox Cropper LLP
Date of audit report: 23 December 2024
2 Employees 2023 2022
Number Number
0 0
Average number of persons employed by the company Nil Nil
3 Investments 2023 2022
£ £
Investment properties 411,875 411,875
411,875 411,875
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings 412,758 412,758
Taxation and social security costs 1,236 1,247
Accruals - 5,764
413,994 419,769
5 Controlling party
The World Federation of KSIMC owns 100% of the shares in the World Fed Investments Limited.
6 Other information
World Fed Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Islamic Centre,
Wood Lane
Stanmore
Middlesex
HA7 4LQ
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