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Stafford Muslim Prayer Hall Committee Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 05066924
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 200,988 193,225
Investment Properties 5 228,181 228,181
429,169 421,406
CURRENT ASSETS
Debtors 6 655 626
Cash at bank and in hand 45,871 61,663
46,526 62,289
Creditors: Amounts Falling Due Within One Year 7 (18,580 ) (17,653 )
NET CURRENT ASSETS (LIABILITIES) 27,946 44,636
TOTAL ASSETS LESS CURRENT LIABILITIES 457,115 466,042
NET ASSETS 457,115 466,042
RESERVES
Other reserves 372,017 372,017
Income and Expenditure Account 85,098 94,025
MEMBERS' FUNDS 457,115 466,042
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Amunullah Ibrahim Patel
Director
9 September 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Other reserves Income and Expenditure Account Total
£ £ £
As at 1 April 2023 347,694 92,653 440,347
Profit for the year and total comprehensive income - 1,372 1,372
Transfer to/from Income & Expenditure Account 24,323 - 24,323
As at 31 March 2024 and 1 April 2024 372,017 94,025 466,042
Loss for the year and total comprehensive income - (8,927 ) (8,927)
As at 31 March 2025 372,017 85,098 457,115
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Stafford Muslim Prayer Hall Committee Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05066924 . The registered office is Smphc Ltd Greyfriars Place, Stafford, Midstaffordshire, ST16 2SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 20% Straight line basis
Fixtures & Fittings 20% Straight line basis
Computer Equipment 33% Straight line basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income and expenditure account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 188,416 218 21,902 1,315 211,851
Additions - - 10,967 - 10,967
As at 31 March 2025 188,416 218 32,869 1,315 222,818
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 - 154 17,157 1,315 18,626
Provided during the period - 44 3,160 - 3,204
As at 31 March 2025 - 198 20,317 1,315 21,830
Net Book Value
As at 31 March 2025 188,416 20 12,552 - 200,988
As at 1 April 2024 188,416 64 4,745 - 193,225
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 228,181
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 655 626
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 748 314
Accruals and deferred income 840 840
Directors' loan accounts 16,992 16,499
18,580 17,653
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5