IRIS Accounts Production v24.2.0.383 02870636 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028706362022-11-30028706362023-11-30028706362022-12-012023-11-30028706362021-11-30028706362021-12-012022-11-30028706362022-11-3002870636ns15:EnglandWales2022-12-012023-11-3002870636ns14:PoundSterling2022-12-012023-11-3002870636ns10:Director12022-12-012023-11-3002870636ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3002870636ns10:SmallEntities2022-12-012023-11-3002870636ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3002870636ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002870636ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3002870636ns10:FullAccounts2022-12-012023-11-3002870636ns10:Director22022-12-012023-11-3002870636ns10:RegisteredOffice2022-12-012023-11-3002870636ns5:CurrentFinancialInstruments2023-11-3002870636ns5:CurrentFinancialInstruments2022-11-3002870636ns5:Non-currentFinancialInstruments2023-11-3002870636ns5:Non-currentFinancialInstruments2022-11-3002870636ns5:ShareCapital2023-11-3002870636ns5:ShareCapital2022-11-3002870636ns5:RetainedEarningsAccumulatedLosses2023-11-3002870636ns5:RetainedEarningsAccumulatedLosses2022-11-3002870636ns5:PlantMachinery2022-11-3002870636ns5:PlantMachinery2022-12-012023-11-3002870636ns5:PlantMachinery2023-11-3002870636ns5:PlantMachinery2022-11-3002870636ns5:CostValuation2022-11-3002870636ns5:AdditionsToInvestments2023-11-3002870636ns5:DisposalsRepaymentsInvestments2023-11-3002870636ns5:CostValuation2023-11-3002870636ns5:RetainedEarningsAccumulatedLosses2022-11-3002870636ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 02870636 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

WAVELAND LIMITED

WAVELAND LIMITED (REGISTERED NUMBER: 02870636)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WAVELAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs R M Castrofilippo
N G Campbell





REGISTERED OFFICE: Oak Walk Martlesham Road
Little Bealings
Woodbridge
Suffolk
IP13 6LX





REGISTERED NUMBER: 02870636 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

WAVELAND LIMITED (REGISTERED NUMBER: 02870636)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171 229
Investments 5 239,124 3,342,326
Investment property 6 2,105,001 2,105,001
2,344,296 5,447,556

CURRENT ASSETS
Cash at bank 2,814,583 619,075

CREDITORS
Amounts falling due within one year 7 2,916,148 3,683,644
NET CURRENT LIABILITIES (101,565 ) (3,064,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,242,731

2,382,987

CREDITORS
Amounts falling due after more than one
year

8

617,831

902,832
NET ASSETS 1,624,900 1,480,155

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 9 1,574,900 1,430,155
1,624,900 1,480,155

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 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.

WAVELAND LIMITED (REGISTERED NUMBER: 02870636)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 30 August 2024 and were signed on its behalf by:





N G Campbell - Director


WAVELAND LIMITED (REGISTERED NUMBER: 02870636)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Waveland 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WAVELAND LIMITED (REGISTERED NUMBER: 02870636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 6,933
DEPRECIATION
At 1 December 2022 6,704
Charge for year 58
At 30 November 2023 6,762
NET BOOK VALUE
At 30 November 2023 171
At 30 November 2022 229

5. FIXED ASSET INVESTMENTS
Loans
£   
At 1 December 2022 3,342,326
New in year 183,246
Repayment in year (3,286,448 )
At 30 November 2023 239,124

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 2,105,001
NET BOOK VALUE
At 30 November 2023 2,105,001
At 30 November 2022 2,105,001

WAVELAND LIMITED (REGISTERED NUMBER: 02870636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan and overdraft 10,000 11,077
Taxation and social security 45,102 33,527
Other creditors 2,861,046 3,639,040
2,916,148 3,683,644

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 15,832 25,833
Other creditors 601,999 876,999
617,831 902,832

9. RESERVES
Retained
earnings
£   

At 1 December 2022 1,430,155
Profit for the year 144,745
At 30 November 2023 1,574,900