Registered number
14707951
Wavesonline.com UK Limited
Filleted Accounts
30 September 2023
Wavesonline.com UK Limited
Registered number: 14707951
Balance Sheet
as at 30 September 2023
Notes 2023
£
Current assets
Debtors 3 61,325
Cash at bank and in hand 12,112
73,437
Creditors: amounts falling due within one year 4 (750)
Net current assets 72,687
Net assets 72,687
Capital and reserves
Called up share capital 75,000
Profit and loss account (2,313)
Shareholder's funds 72,687
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Faizal Jung Siddiqui
Director
Approved by the board on 7 November 2023
Wavesonline.com UK Limited
Notes to the Accounts
for the period from 6 March 2023 to 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023
Number
Average number of persons employed by the company 1
One director only
3 Debtors 2023
£
Amounts owed by group undertakings 61,325
This relates to share capital not yet paid
4 Creditors: amounts falling due within one year 2023
£
Accruals 750
5 Controlling party
The immediate and ultimate holding company is Lost Boys Group BV - registered number 84070757 incorporated in the Netherlands. The ultimate controlling party is Faizal Jung Siddiqui by virtue of his ownership of 85% of the equity share capital in Lost Boys Group BV.
6 Other information
Wavesonline.com UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
5th Floor, 10 Finsbury Square
London
EC2A 1AF
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