ACCOUNTS - Final Accounts preparation

Registered number: 15637752

FAE FASHION VENTURES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

FAE FASHION VENTURES LIMITED

REGISTERED NUMBER: 15637752

BALANCE SHEET

AS AT 30 APRIL 2025

		2025
Note		£

Fixed assets
Tangible assets	4		8,439
Investments	5		311,963
			320,402
Current assets
Debtors: amounts falling due after more than one year	6	200,516
Debtors: amounts falling due within one year	6	13,597
Cash at bank and in hand	7	68,772
		282,885
Creditors: amounts falling due within one year	8	(1,145,707)
Net current liabilities			(862,822)
Total assets less current liabilities			(542,420)

Net liabilities			(542,420)

Capital and reserves
Called up share capital	9	100
Profit and loss account		(542,520)
		(542,420)

FAE FASHION VENTURES LIMITED

REGISTERED NUMBER: 15637752

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S J Stennett

Director

Date: 13 July 2026

The notes on pages 3 to 7 form part of these financial statements.

FAE FASHION VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

1.	General information

FAE Fashion Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 15637752.

Post year end date, the company changed its registered office address from 35 Ballards Lane, London, N3 1XW to Elsley Court, 20-22 Great Titchfield Street, London, United Kingdom, W1W 8BE.

The company was incorporated on 11 April 2024 and commenced trading on the same date.

The principal activity of the company is that of fashion consultancy and investing in fashion brands.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

The financial statements have been prepared on a going concern basis. The company is dependent upon financial support from an associated company under common control. The director of the associated company has confirmed their intention to continue providing financial support to the company for a period of at least 12 months from the date of approval of these financial statements, enabling the company to meet its obligations as they fall due.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in the profit and loss account.

FAE FASHION VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from creative services is recognised when it is probable the company will receive the right to the consideration due under contract.

Rental income is recognised on a straight-line basis over the rental period and is received monthly in accordance with the terms of the agreement.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

20%

straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

FAE FASHION VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the group would receive for the asset if it were to be sold at the balance sheet date.

Employees

The average monthly number of employees, including the director, during the period was 1.

FAE FASHION VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost
	Additions	9,928
	At 30 April 2025	9,928
	Depreciation
	Charge for the period	1,489
	At 30 April 2025	1,489
	Net book value
	At 30 April 2025	8,439

5.	Fixed asset investments

		Investments in associates
		£
	Cost or valuation
	Additions	311,963
	At 30 April 2025	311,963

FAE FASHION VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

6.	Debtors
		2025
		£

	Due after more than one year
	Convertible loans	200,516

					2025
					£

	Due within one year
	Other debtors	8,997
	Accrued income	4,600
		13,597

7.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	68,772

8.	Creditors: amounts falling due within one year
		2025
		£

	Trade creditors	29,702
	Other creditors	959,724
	Accruals and deferred income	156,281
		1,145,707

9.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

On incorporation, 100 ordinary shares of £1 each were issued and fully paid at par.