2022-09-062023-09-302023-09-30false14338475WAVE NEWS 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WAVE NEWS LTD

Registered Number
14338475
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2023

WAVE NEWS LTD
Company Information
for the period from 6 September 2022 to 30 September 2023

Director

CURTIN, Andrew Sean

Registered Address

85 Great Portland Street, First Floor
London
W1W 7LT

Registered Number

14338475 (England and Wales)
WAVE NEWS LTD
Balance Sheet as at
30 September 2023

Notes

2023

£

£

Fixed assets
Tangible assets3913
913
Current assets
Debtors4717
Cash at bank and on hand14,595
15,312
Creditors amounts falling due within one year5(9,906)
Net current assets (liabilities)5,406
Total assets less current liabilities6,319
Creditors amounts falling due after one year6(99,927)
Net assets(93,608)
Capital and reserves
Called up share capital100
Profit and loss account(93,708)
Shareholders' funds(93,608)
The financial statements were approved and authorised for issue by the Director on 5 June 2024, and are signed on its behalf by:
CURTIN, Andrew Sean
Director
Registered Company No. 14338475
WAVE NEWS LTD
Notes to the Financial Statements
for the period ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

2023
Average number of employees during the year2
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions1,1931,193
At 30 September 231,1931,193
Depreciation and impairment
Charge for year280280
At 30 September 23280280
Net book value
At 30 September 23913913
At 05 September 22--
4.Debtors: amounts due within one year

2023

£
Amounts owed by associates and joint ventures / participating interests100
Other debtors617
Total717
5.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables8,844
Taxation and social security865
Other creditors197
Total9,906
6.Creditors: amounts due after one year

2023

£
Bank borrowings and overdrafts99,927
Total99,927