Registered number
03963213
REDBRIDGE ISLAMIC CENTRE
Filleted Accounts
31 December 2024
REDBRIDGE ISLAMIC CENTRE
Registered number: 03963213
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,493,592 2,442,224
Current assets
Debtors 4 7,150 40,000
Cash at bank and in hand 750,277 546,108
757,427 586,108
Creditors: amounts falling due within one year 5 (106,158) (70,917)
Net current assets 651,269 515,191
Net assets 3,144,861 2,957,415
Capital and reserves
Reserve 3,144,861 2,957,415
Net Reserve 3,144,861 2,957,415
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.
Abul Khayar Ali Faheed Ramzan
Director Secretary
Approved by the board on 7 September 2025
REDBRIDGE ISLAMIC CENTRE
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards approved in the UK and Republic of Ireland (FRS 102) (effective January 2015)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and the Companies Act 2006.
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:
Income
All incoming resources are recognised once the charity has entitlement to the resource, it is certain that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
Espense
Expenditure is accounted for on accruals basis. Overhead and other costs not directly attributable to functional activity categories are apportioned over the relevant categories on the basis of management estimates of the amount attributable to that activity in the year, either by reference to staff, time or space occupied, as appropriate.
Freehold buildings Nil
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 2,905,909 20,574 2,926,483
Additions 27,599 34,855 62,454
At 31 December 2024 2,933,508 55,429 2,988,937
Depreciation
At 1 January 2024 479,596 4,663 484,259
Charge for the year - 11,086 11,086
At 31 December 2024 479,596 15,749 495,345
Net book value
At 31 December 2024 2,453,912 39,680 2,493,592
At 31 December 2023 2,426,313 15,911 2,442,224
4 Debtors 2024 2023
£ £
Other debtors 7,150 40,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 7,223 5,622
Other creditors 98,935 65,295
106,158 70,917
6 Other information
REDBRIDGE ISLAMIC CENTRE is a private company limited by guarantee and incorporated in England. Its registered office is:
28-28A
Woodford Avenue
Gants hill
Ilford
IG2 6XQ
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