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REGISTERED NUMBER: 09881748 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Threewaves Limited

Threewaves Limited (Registered number: 09881748)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Threewaves Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: D Platinetti





REGISTERED OFFICE: 21 Hillersdon Avenue
Edgware
Middlesex
HA8 7SG





REGISTERED NUMBER: 09881748 (England and Wales)






Threewaves Limited (Registered number: 09881748)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,763 4,703

CURRENT ASSETS
Debtors 5 3,775 6,400
Cash at bank 737 649
4,512 7,049
CREDITORS
Amounts falling due within one year 6 30,729 16,115
NET CURRENT LIABILITIES (26,217 ) (9,066 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,454

)

(4,363

)

CREDITORS
Amounts falling due after more than one
year

7

(3,800

)

(6,200

)

PROVISIONS FOR LIABILITIES 9 - (894 )
NET LIABILITIES (27,254 ) (11,457 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 (27,255 ) (11,458 )
SHAREHOLDERS' FUNDS (27,254 ) (11,457 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 August 2024 and were signed by:





D Platinetti - Director


Threewaves Limited (Registered number: 09881748)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Threewaves Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The company sustained a loss during the year and it had net liabilities as at 30th November 2023. The sole director has confirmed that with the retention of the directors loan together with the assistance from the company's bankers he will continue to support the company for the foreseeable future and on this basis he considers it appropriate to prepare these accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Equipment - 20% on cost

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Threewaves Limited (Registered number: 09881748)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
Equipment
£   
COST
At 1 December 2022 10,546
Additions 212
At 30 November 2023 10,758
DEPRECIATION
At 1 December 2022 5,843
Charge for year 2,152
At 30 November 2023 7,995
NET BOOK VALUE
At 30 November 2023 2,763
At 30 November 2022 4,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 894 894
Other debtors 2,881 5,506
3,775 6,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 2,400 2,400
Trade creditors 5,305 4,948
Taxation and social security 183 113
Other creditors 22,841 8,654
30,729 16,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 3,800 6,200

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,400 2,400

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,400 2,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,400 3,800

Threewaves Limited (Registered number: 09881748)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax - 894

Deferred
tax
£   
Balance at 1 December 2022 894
Credit to Income Statement during year (894 )
Balance at 30 November 2023 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 December 2022 (11,458 )
Deficit for the year (15,797 )
At 30 November 2023 (27,255 )

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
D Platinetti
Balance outstanding at start of year - 881
Amounts repaid - (881 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The directors overdrawn loan account in the sum of £881 was repaid to the company on 28th February 2022.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Platinetti.