Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 17 October 2025 1 April 2024 31 March 2025 31 March 2025 08814639 Mr Ayub Ahmed Mr Hussain Ahmed Mr Mustak Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08814639 2024-03-31 08814639 2025-03-31 08814639 2024-04-01 2025-03-31 08814639 frs-core:CurrentFinancialInstruments 2025-03-31 08814639 frs-core:FurnitureFittings 2025-03-31 08814639 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08814639 frs-core:FurnitureFittings 2024-03-31 08814639 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 08814639 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 08814639 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 08814639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 08814639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08814639 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08814639 frs-core:PlantMachinery 2025-03-31 08814639 frs-core:PlantMachinery 2024-04-01 2025-03-31 08814639 frs-core:PlantMachinery 2024-03-31 08814639 frs-core:RevaluationReserve 2024-04-01 2025-03-31 08814639 frs-core:RevaluationReserve 2025-03-31 08814639 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08814639 frs-bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 08814639 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08814639 frs-bus:SmallEntities 2024-04-01 2025-03-31 08814639 frs-bus:Audited 2024-04-01 2025-03-31 08814639 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08814639 frs-bus:Director1 2024-04-01 2025-03-31 08814639 frs-bus:Director2 2024-04-01 2025-03-31 08814639 frs-bus:Director3 2024-04-01 2025-03-31 08814639 frs-countries:EnglandWales 2024-04-01 2025-03-31 08814639 2023-03-31 08814639 2024-03-31 08814639 2023-04-01 2024-03-31 08814639 frs-core:CurrentFinancialInstruments 2024-03-31 08814639 frs-core:RevaluationReserve 2024-03-31 08814639 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08814639
Preston Muslim Society, Quwwatul Islam Masjid
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08814639
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,796,928 3,723,650
9,796,928 3,723,650
CURRENT ASSETS
Debtors 5 3,961 1,433
Cash at bank and in hand 799,197 708,936
803,158 710,369
Creditors: Amounts Falling Due Within One Year 6 (7,549 ) (12,117 )
NET CURRENT ASSETS (LIABILITIES) 795,609 698,252
TOTAL ASSETS LESS CURRENT LIABILITIES 10,592,537 4,421,902
NET ASSETS 10,592,537 4,421,902
RESERVES
Revaluation reserve 7 6,075,467 -
Income and Expenditure Account 4,517,070 4,421,902
MEMBERS' FUNDS 10,592,537 4,421,902
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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 Ayub Ahmed
Director
17/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Preston Muslim Society, Quwwatul Islam Masjid is a private company, limited by guarantee, incorporated in England & Wales, registered number 08814639 . The registered office is Quwwatul Islam Masjid, Peel Hall Street, Preston, Lancashire, PR1 6QQ. The company Charity Number is 1158609.
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 No depreciaiton charge
Plant & Machinery 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
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: 33 (2024: 21)
33 21
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4. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2024 3,709,533 - 37,280 14,333 3,761,146
Additions - - 1,787 - 1,787
Revaluation 6,075,467 - - - 6,075,467
Transfers (600,000 ) 600,000 - - -
As at 31 March 2025 9,185,000 600,000 39,067 14,333 9,838,400
Depreciation
As at 1 April 2024 - - 26,564 10,932 37,496
Provided during the period - - 3,126 850 3,976
As at 31 March 2025 - - 29,690 11,782 41,472
Net Book Value
As at 31 March 2025 9,185,000 600,000 9,377 2,551 9,796,928
As at 1 April 2024 3,709,533 - 10,716 3,401 3,723,650
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 550
Prepayments and accrued income 3,399 753
Other taxes and social security 562 130
3,961 1,433
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 7,549 12,117
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Page 5
7. Reserves
Revaluation Reserve
£
Surplus on revaluation 6,075,467
As at 31 March 2025 6,075,467
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.
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditor's report on the accounts of Preston Muslim Society, Quwwatul Islam Masjid for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Ilyas Patel (Senior Statutory Auditor) for and on behalf of Ilyas Patel (Accountants) Limited , Statutory Auditor.
Ilyas Patel (Accountants) Limited
Soloman House Belgrave Court
Fulwood
Preston
Lancashire
PR2 9PL
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