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. |
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|
|
|
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 |
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|
1 |
Accounting policies |
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Basis of preparation |
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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). |
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|
Debtors |
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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. |
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|
Creditors |
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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 |
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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. |
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|
Foreign currency translation |
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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 |
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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. |
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6 |
Other information |
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Wavesonline.com UK Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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5th Floor, 10 Finsbury Square |
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London |
|
EC2A 1AF |