1 April 2023 v2025.4.1 micro_entity_frs_105_v1_1_2 filingSoftwarefalsetruetruetruefalseNo description of principal activity00truexbrli:purexbrli:sharesiso4217:GBP063242692023-04-012024-03-31063242692024-03-31063242692023-03-3106324269core:WithinOneYear2024-03-3106324269core:WithinOneYear2023-03-3106324269core:AfterOneYear2024-03-3106324269core:AfterOneYear2023-03-3106324269bus:RegisteredOffice2023-04-012024-03-3106324269bus:Director12023-04-012024-03-310632426912023-04-012024-03-31063242692022-04-012023-03-3106324269countries:EnglandWales2023-04-012024-03-3106324269bus:AuditExemptWithAccountantsReport2023-04-012024-03-3106324269bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106324269bus:Micro-entities2023-04-012024-03-3106324269bus:FullAccounts2023-04-012024-03-31
Company registration number:
06324269
Fastbridge Finance Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Fastbridge Finance Limited
Statement of Financial Position
31 March 2024
20242023
££
Fixed assets
24
 
24
 
   
Current assets
858,580
 
889,392
 
Creditors: amounts falling due within one year
(269,802
)
(368,838
)
Net current assets
588,778
 
520,554
 
Total assets less current liabilities
588,802
 
520,578
 
Creditors: amounts falling due after more than one year
(175,337
)
(175,337
)
Accruals and deferred income
(1,600
) -  
Net assets
411,865
 
345,241
 
   
Capital and reserves
411,865
 
345,241
 

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
KIng Rufus
,
Eling Hill
,
Totton
,
Southampton
,
SO40 9HE
, United Kingdom.

2 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

3 Director's advances, credit and guarantees

Changes to the directors loan account.
During the financial year 2023-2024 there has been movement of £80'255
The balance of the directors loan account year ending 2023 was (£257'449)
The balance of the directors loan account now, year ending 2024 is (£177'194)

4 Guarantees and other financial commitments

Changes in Current assets.
The balance of Charter Bank has been reduced by £40'000
The balance of Charter Bank was £480'000 at the end of the financial year ending 2023
The balance of Charter Bank is now £440'000 at the end of the financial year ending 2024
There is an increase to the bank current accounts of £9'946
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
15 January 2025
, and are signed on behalf of the board by:
Mike Wallace
Director
Company registration number:
06324269