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REGISTERED NUMBER: 05017981 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

FAST WORLD MEDIA LIMITED

FAST WORLD MEDIA LIMITED (REGISTERED NUMBER: 05017981)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FAST WORLD MEDIA LIMITED

COMPANY INFORMATION
for the year ended 31 January 2023







DIRECTOR: Ms B M Erdmann





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 05017981 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

FAST WORLD MEDIA LIMITED (REGISTERED NUMBER: 05017981)

ABRIDGED BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 549 732
Investments 5 311,902 612,151
312,451 612,883

CURRENT ASSETS
Debtors 68,484 222,242
Cash at bank 1,179,207 1,182,996
1,247,691 1,405,238
CREDITORS
Amounts falling due within one year 74,721 72,671
NET CURRENT ASSETS 1,172,970 1,332,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,485,421

1,945,450

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,485,419 1,945,448
1,485,421 1,945,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FAST WORLD MEDIA LIMITED (REGISTERED NUMBER: 05017981)

ABRIDGED BALANCE SHEET - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2023 and were signed by:





Ms B M Erdmann - Director


FAST WORLD MEDIA LIMITED (REGISTERED NUMBER: 05017981)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2023

1. STATUTORY INFORMATION

Fast World Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis as the director are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Unlisted Investment are initially measured at cost, including transaction costs. Subsequently investments are measured at open market value. Gains and losses arising from changes in the fair value of investments are included in profit or loss in the period in which they arise.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Short term creditors
Short term creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

FAST WORLD MEDIA LIMITED (REGISTERED NUMBER: 05017981)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 19,219
DEPRECIATION
At 1 February 2022 18,487
Charge for year 183
At 31 January 2023 18,670
NET BOOK VALUE
At 31 January 2023 549
At 31 January 2022 732

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2022 612,151
Impairments (282,956 )
Exchange differences (17,293 )
At 31 January 2023 311,902
NET BOOK VALUE
At 31 January 2023 311,902
At 31 January 2022 612,151