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REGISTERED NUMBER: 14550844 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

20 DECEMBER 2022 TO 31 MARCH 2024

FOR

GLOBAL FAN NETWORK LTD

GLOBAL FAN NETWORK LTD (REGISTERED NUMBER: 14550844)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 DECEMBER 2022 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLOBAL FAN NETWORK LTD

COMPANY INFORMATION
FOR THE PERIOD 20 DECEMBER 2022 TO 31 MARCH 2024







DIRECTORS: Mr B L Best
Mr R S Heer
Mr R L Lyle





REGISTERED OFFICE: 55 Loudoun Road
St Johns Wood
London
NW8 0DL





REGISTERED NUMBER: 14550844 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

GLOBAL FAN NETWORK LTD (REGISTERED NUMBER: 14550844)

BALANCE SHEET
31 MARCH 2024

Notes £   
CURRENT ASSETS
Debtors 4 1,680,704
Investments 5 300,727
Cash at bank and in hand 1,984
1,983,415
CREDITORS
Amounts falling due within one year 6 (2,140,573 )
NET CURRENT LIABILITIES (157,158 )
TOTAL ASSETS LESS CURRENT LIABILITIES (157,158 )

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings (157,258 )
SHAREHOLDERS' FUNDS (157,158 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 7 November 2024 and were signed on its behalf by:





Mr R S Heer - Director


GLOBAL FAN NETWORK LTD (REGISTERED NUMBER: 14550844)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 DECEMBER 2022 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Global Fan Network Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Reporting period length
The company was incorporated on 20 December 2022 and has changed its accounting period end date to 31 March in order to align its accounting period end date with other companies in the group. These financial statements have been prepared from the date of incorporation to 31 March 2024.

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

Taxation
Taxation for the period comprises current 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 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.

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 period was 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 12,654
Amounts owed by group undertakings 1,666,560
Other debtors 1,490
1,680,704

GLOBAL FAN NETWORK LTD (REGISTERED NUMBER: 14550844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 DECEMBER 2022 TO 31 MARCH 2024


5. CURRENT ASSET INVESTMENTS
£   
Shares in group undertakings 300,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 19,742
Amounts owed to group undertakings 21,500
Amounts owed to participating interests 2,084,294
Other creditors 15,037
2,140,573

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10,000 Ordinary 0.01 100

8. RELATED PARTY DISCLOSURES

During the year, amounts totalling £25,000 were paid to a company under the control of a director for the provision of consulting services.

Also during the year, a loan from Animatrix Ltd (AL) to United Football Fans (UFF) was novated. The loan to UFF was £1,161,500. Unpaid interest of £467,239 was also assumed by Global Fan Network Ltd (GFN). Animatrix continues to charge GFN interest on the loan at a market rate. The intercompany loan from GFN to UFF is interest-free and repayable on demand. UFF is a subsidiary of GFN.

The company has taken advantage of the exemption available in accordance with FRS 102 Section 1A paragraph 1AC.35 not to disclose transactions entered into between two or more members of a group, as the company and the other subsidiaries are wholly owned subsidiary undertakings of the group to which they are party to the transactions.