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Company Registration No. 13078217 (England and Wales)
Eighth Wonder Holdings Ltd Unaudited accounts for the year ended 31 December 2023
Eighth Wonder Holdings Ltd Unaudited accounts Contents
Page
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Eighth Wonder Holdings Ltd Company Information for the year ended 31 December 2023
Directors
A Challita M Abi Ramia
Company Number
13078217 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ England
Accountants
A K Butler Limited 21 Windsor Drive Sittingbourne Kent ME10 1UN
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Eighth Wonder Holdings Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eighth Wonder Holdings Ltd for the year ended 31 December 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
A K Butler Limited Chartered Certified Accountants 21 Windsor Drive Sittingbourne Kent ME10 1UN 6 September 2024
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Eighth Wonder Holdings Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,827 
1,147 
Investment property
1,663,353 
1,663,353 
1,710,180 
1,664,500 
Current assets
Debtors
134,160 
112,171 
Investments
5,084,473 
3,185,967 
Cash at bank and in hand
13,784 
27,080 
5,232,417 
3,325,218 
Creditors: amounts falling due within one year
(5,128,064)
(4,023,496)
Net current assets/(liabilities)
104,353 
(698,278)
Total assets less current liabilities
1,814,533 
966,222 
Creditors: amounts falling due after more than one year
(759,375)
(749,610)
Provisions for liabilities
Deferred tax
(98,655)
- 
Net assets
956,503 
216,612 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
956,499 
216,608 
Shareholders' funds
956,503 
216,612 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by
A Challita Director Company Registration No. 13078217
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Eighth Wonder Holdings Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Eighth Wonder Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13078217. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rental income and 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Investment property
Investment property is included at market fair value. Gains/losses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Current Asset Investments
Current asset investments are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Eighth Wonder Holdings Ltd Notes to the Accounts for the year ended 31 December 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
- 
- 
1,529 
1,529 
Additions
46,780 
3,088 
699 
50,567 
At 31 December 2023
46,780 
3,088 
2,228 
52,096 
Depreciation
At 1 January 2023
- 
- 
382 
382 
Charge for the year
4,093 
332 
462 
4,887 
At 31 December 2023
4,093 
332 
844 
5,269 
Net book value
At 31 December 2023
42,687 
2,756 
1,384 
46,827 
At 31 December 2022
- 
- 
1,147 
1,147 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
1,663,353 
At 31 December 2023
1,663,353 
Investment property was valued on an open market basis by the director on 31st December 2023 at £1,663,353 (2022 - £1,663,353). If it had not been revalued it would have been included at its historical cost of £1,691,075.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
13,985 
374 
Other debtors
120,175 
111,797 
134,160 
112,171 
7
Investments held as current assets
2023 
2022 
£ 
£ 
Listed investments
5,084,473 
3,185,967 
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Eighth Wonder Holdings Ltd Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,813 
1,813 
Taxes and social security
106,976 
6,999 
Loans from directors
5,003,759 
4,001,798 
Accruals
3,765 
1,442 
Deferred income
11,751 
11,444 
5,128,064 
4,023,496 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
759,375 
749,610 
Creditors due after more than one year include interest only mortgages on investment properties totalling £759,375 (2022 - £749,610).
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
11,709 
- 
Revaluation of investment property
(7,180)
- 
Other deferred taxation
94,126 
- 
98,655 
- 
2023 
2022 
£ 
£ 
Provision at start of year
- 
44,411 
Charged/(credited) to the profit and loss account
98,655 
(44,411)
Provision at end of year
98,655 
- 
11
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary A shares of £1 each
1 
1 
1 Ordinary B shares of £1 each
1 
1 
1 Ordinary C shares of £1 each
1 
1 
1 Ordinary D shares of £1 each
1 
1 
4 
4 
12
Transactions with related parties
Included within other creditors due within one year is an interest free loan from the directors amouting to £5,003,759 (2022 - £4,001,798).
13
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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