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Company Registration No. 10309304 (England and Wales)
Waliba Ltd Unaudited accounts for the year ended 31 August 2024
Waliba Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
15 
15 
Creditors: amounts falling due within one year
(15,009)
(15,009)
Net current liabilities
(14,994)
(14,994)
Total assets less current liabilities
(14,994)
(14,994)
Creditors: amounts falling due after more than one year
(70,000)
(70,000)
Net liabilities
(84,994)
(84,994)
Capital and reserves
Called up share capital
1,400 
1,400 
Profit and loss account
(86,394)
(86,394)
Shareholders' funds
(84,994)
(84,994)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 3 October 2024 and were signed on its behalf by
Benedict Spokes Director Company Registration No. 10309304
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Waliba Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Waliba Ltd is a private company, limited by shares, registered in England and Wales, registration number 10309304. The registered office is 18 Tredegar Square, London, E3 5AD, 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 fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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% straight line
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.
Going concern
Current liabilities exceed current assets at the balance sheet date. The directors consider, however, that the company has sufficient liquid assets, and the continued support of its directors, shareholders and creditors, to meet its liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Website and software development
Website and software development costs are written off in the year in which they are incurred.
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Waliba Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2023
2,618 
At 31 August 2024
2,618 
Depreciation
At 1 September 2023
2,618 
At 31 August 2024
2,618 
Net book value
At 31 August 2024
- 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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