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REGISTERED NUMBER: 12322182 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

FANWEAVE LIMITED

FANWEAVE LIMITED (REGISTERED NUMBER: 12322182)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FANWEAVE LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M C Heath
P R Fisher
S L Bazalgette





REGISTERED OFFICE: 12 Dunworth Mews
London
United Kingdom
W11 1LE





REGISTERED NUMBER: 12322182 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

FANWEAVE LIMITED (REGISTERED NUMBER: 12322182)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 409 -
Investments 5 101 101
510 101

CURRENT ASSETS
Debtors 6 239,694 153,296
Cash at bank 1,124 215,767
240,818 369,063
CREDITORS
Amounts falling due within one year 7 383,733 242,145
NET CURRENT (LIABILITIES)/ASSETS (142,915 ) 126,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

(142,405

)

127,019

CAPITAL AND RESERVES
Called up share capital 3 2
Share premium 400,000 -
Other reserves 219,000 350,000
Retained earnings (761,408 ) (222,983 )
(142,405 ) 127,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FANWEAVE LIMITED (REGISTERED NUMBER: 12322182)

Balance Sheet - continued
28 February 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





M C Heath - Director


FANWEAVE LIMITED (REGISTERED NUMBER: 12322182)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Fanweave 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

FANWEAVE LIMITED (REGISTERED NUMBER: 12322182)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 610
At 28 February 2023 610
DEPRECIATION
Charge for year 201
At 28 February 2023 201
NET BOOK VALUE
At 28 February 2023 409

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 101
NET BOOK VALUE
At 28 February 2023 101
At 28 February 2022 101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,200 -
Amounts owed by group undertakings 138,761 106,999
Other debtors 99,733 46,297
239,694 153,296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 157,622 42,075
Amounts owed to group undertakings - 100
Taxation and social security 1,731 -
Other creditors 224,380 199,970
383,733 242,145

FANWEAVE LIMITED (REGISTERED NUMBER: 12322182)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RELATED PARTY DISCLOSURES

The director's loan of £173,209 (2022: £193,220) as set out above is unsecured, interest fee and repayable in accordance with the term set out in the shareholder agreement dated 29 November 2021.

Included in Trade Creditors is an amount owing to the director for work undertaken, this is payable under normal commercial terms.