I WAQF LTD - Filleted accounts

Registered number

11637157

I WAQF LTD

Filleted Accounts

31 December 2025

I WAQF LTD
Registered number:		11637157
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	4		49,978			-

Current assets
Debtors	6	82			60,136
Cash at bank and in hand		22,799			48,326
		22,881			108,462

Creditors: amounts falling due within one year	7	(61,971)			(49,844)

Net current (liabilities)/assets			(39,090)			58,618

Net assets			10,888			58,618

Capital and reserves
Called up share capital			200			200
Share premium			113,628			113,628
Profit and loss account			(102,940)			(55,210)

Shareholder's funds			10,888			58,618

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.




RIZWAN RASHID
Director
Approved by the board on 15 September 2026

I WAQF LTD
Notes to the Accounts
for the year ended 31 December 2025


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 revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Intangible assets are amortised over 5 years.

	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:

	Fixtures, fittings, tools and equipment		over 4 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.

	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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Audit information

	The audit report is unqualified.

	Senior statutory auditor:	Peter Jayawardene
	Firm:	Gardezi Jay & Company
	Date of audit report:	15 September 2026


3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


4	Intangible fixed assets					£
	Software:

	Cost
	Additions					59,140
	At 31 December 2025					59,140

	Amortisation
	Provided during the year					9,162
	At 31 December 2025					9,162

	Net book value
	At 31 December 2025					49,978

	software expenditure is being written off in equal annual instalments over its estimated economic life of 5 years.


5	Tangible fixed assets
						Plant and machinery etc
£
	Cost
	At 1 January 2025					1,840
	At 31 December 2025					1,840

	Depreciation
	At 1 January 2025					1,840
	At 31 December 2025					1,840

	Net book value
	At 31 December 2025					-


6	Debtors			2025		2024
£					£

	Loan - Intercompany			82		59,303
	Other debtors			-		833
				82		60,136


7	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			57,913		46,435
	Other creditors			4,058		3,409
				61,971		49,844


8	Related party transactions

	During the year, the loan of £60,000 to Wahed Inc was repaid. The balance outstanding at the year end was £82. I Waqf Ltd is a wholly owned subsidiary of Wahed Inc.

9	Controlling party

	I Waqf Ltd is a wholly owned subsidiary of Wahed Inc. A company incorporated in USA whose registered office is 8270 Cinder Bed Rd Lorton, VA, 22079-1102 USA.


10	Other information

	I WAQF LTD is a private company limited by shares and incorporated in England. Its registered office is:
	209a Streetly Road
	Erdington
	Birmingham
	B23 7AH