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REGISTERED NUMBER: 10059705 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Fashion Network Limited

The Fashion Network Limited (Registered number: 10059705)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1


The Fashion Network Limited (Registered number: 10059705)

Balance Sheet
31 March 2024

31.3.24 31.3.23
£    £    £    £   
FIXED ASSETS 822 225

CURRENT ASSETS 3,964 14,012

CREDITORS
Amounts falling due within one year (11,358 ) (5,407 )
NET CURRENT (LIABILITIES)/ASSETS (7,394 ) 8,605
TOTAL ASSETS LESS CURRENT LIABILITIES (6,572 ) 8,830

CREDITORS
Amounts falling due after more than one
year

152,123

9,861
NET LIABILITIES (158,695 ) (1,031 )

CAPITAL AND RESERVES (158,695 ) (1,031 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

The Fashion Network Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10059705

Registered office: Old Granada Studios
Atherton Street
Manchester
M3 3GS

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

The Fashion Network Limited (Registered number: 10059705)

Balance Sheet - continued
31 March 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D Hicks
Balance outstanding at start of year 2,967 (182 )
Amounts advanced 9,662 6,149
Amounts repaid (17,903 ) (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,274 ) 2,967

4. OFF-BALANCE SHEET ARRANGEMENTS

Dale Hicks, executive director of the company, has worked on a reduced salary since incorporation to assist in managing company cashflow. It has been agreed that the deferred remuneration to the value of £75,000 net will become payable once the cash position of the company has improved to a such level that the directors believe that the arrears can be paid.



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

The members have not required the company to obtain an audit of its financial statements for the year 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





D Hicks - Director