REGISTERED NUMBER: 12772139 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2024 TO 30 APRIL 2025

FOR

FAST TRACK UK VENTURES LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

427,249

437,040

Investments

5

100

100

Investment property

6

4,121,289

6,091,304

4,548,638

6,528,444

CURRENT ASSETS

Debtors

7

4,248,507

458,732

Cash at bank and in hand

216,114

797,666

4,464,621

1,256,398

CREDITORS

Amounts falling due within one year

8

3,322,180

2,470,286

NET CURRENT ASSETS/(LIABILITIES)

1,142,441

(1,213,888

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,691,079

5,314,556

CREDITORS

Amounts falling due after more than one year

9

(1,390,510

)

(1,418,613

)

PROVISIONS FOR LIABILITIES

12

(96,877

)

(94,879

)

NET ASSETS

4,203,692

3,801,064

CAPITAL AND RESERVES

Called up share capital

2,147,392

2,147,392

Retained earnings

2,056,300

1,653,672

4,203,692

3,801,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 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 27 October 2026 and were signed on its behalf by:

Mr C A Charalambous - Director

1.	STATUTORY INFORMATION

Fast Track UK Ventures Ltd 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:

12772139

Registered office:

1 Kings Avenue

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Fast Track UK Ventures Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income excluding discounts, rebates, value added tax chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on reducing balance

Fixture and fittings - 25% on reducing balance

Motor vehicles - 25% on reducing balance

The company has adopted the policy of not depreciating assets in the year of purchase. However, full depreciation will be provided in the year of disposal.

Investments in subsidiaries

Investment in subsidiary undertakings are recognised at cost less any impairment.

Investment property

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Change in comparatives

The accounts have been prepared for a period of 9 months whereas the comparatives are for a period of 12 months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

421,792

151,097

8,000

580,889

Additions

47,987

24,166

-

72,153

At 30 April 2025

469,779

175,263

8,000

653,042

DEPRECIATION

At 1 August 2024

116,313

25,536

2,000

143,849

Charge for period

57,277

23,542

1,125

81,944

At 30 April 2025

173,590

49,078

3,125

225,793

NET BOOK VALUE

At 30 April 2025

296,189

126,185

4,875

427,249

At 31 July 2024

305,479

125,561

6,000

437,040

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

and 30 April 2025

100

NET BOOK VALUE

At 30 April 2025

100

At 31 July 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

6,091,304

Disposals

(1,970,015

)

At 30 April 2025

4,121,289

NET BOOK VALUE

At 30 April 2025

4,121,289

At 31 July 2024

6,091,304

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

4,121,290

6,091,305

Investment properties were valued on an open market basis on 30 April 2025 by the directors of the company.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

2,932,107

451,932

Other debtors

1,316,400

6,800

4,248,507

458,732

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

43,654

59,205

Trade creditors

93,169

294,899

Taxation and social security

893,365

514,196

Other creditors

2,291,992

1,601,986

3,322,180

2,470,286

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

1,390,510

1,418,613

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

43,654

59,205

Amounts falling due between two and five years:

Bank loans - 2-5 years

1,390,510

1,418,613

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,434,164

1,477,818

The loan is secured by way of fixed and floating charge against all the property or undertaking of the company and contains negative pledge.

The company has provided a cross guarantee collectively with connected company by virtue of fixed and floating charges over the assets of the business.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

96,877

94,879

Deferred

tax

£

Balance at 1 August 2024

94,879

Provided during period

1,998

Balance at 30 April 2025

96,877

13.	RELATED PARTY DISCLOSURES

Included in other debtors due within a year is an amount of £1,315,896 (2024: £Nil) due from the connected company with common directorships and shareholders. The loan remains interest free and recoverable on demand.

Included in other creditors due within a year is an amount of £Nil (2024: £1,590,118) due to the connected company with common directorships and shareholders. Also, included is an amount of £2,096,943 (2024: £Nil) due to the directors of the company. The loan remains interest free and repayable on demand.