ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Company Registration Number:
SC347666 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 December 2024

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 2024




Director: Umar Shaikh
Tariq 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 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 31,897 43,496
Total fixed assets: 31,897 43,496
Current assets
Debtors: 12,000 10,000
Cash at bank and in hand: 79,440 108,747
Total current assets: 91,440 118,747
Creditors: amounts falling due within one year: ( 43,863 ) ( 65,407 )
Net current assets (liabilities): 47,577 53,340
Total assets less current liabilities: 79,474 96,836
Creditors: amounts falling due after more than one year: ( 20,453 ) ( 17,089 )
Total net assets (liabilities): 59,021 79,747

The notes form part of these financial statements

ISLAMIC FINANCE COUNCIL UK LIMITED

Company limited by guarantee

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Reserves
Income and expenditure account 59,021 79,747
Members funds 59,021 79,747

For the year ending 31 December 2024 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 29 August 2025
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 2024

  • 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 2024

  • 2. Employees


    2024

    2023
    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 2024

  • 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 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 57,995
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2024 57,995
Depreciation
At 01 January 2024 14,499
Charge for year 11,599
On disposals -
Other adjustments -
At 31 December 2024 26,098
Net book value
At 31 December 2024 31,897
At 31 December 2023 43,496