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REGISTERED NUMBER: 03975950 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2024

FOR

NEW WAVE INVESTMENTS LIMITED

NEW WAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03975950)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEW WAVE INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 29 June 2024







DIRECTORS: Mr N A Weyman
Mr B C Weyman





SECRETARY: Mr B C Weyman





REGISTERED OFFICE: 6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA





REGISTERED NUMBER: 03975950 (England and Wales)





ACCOUNTANTS: Chartswood Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

NEW WAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03975950)

BALANCE SHEET
29 June 2024

29.6.24 29.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 900,000 900,000

CURRENT ASSETS
Cash at bank 20,262 -

CREDITORS
Amounts falling due within one year 5 39,491 60,256
NET CURRENT LIABILITIES (19,229 ) (60,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

880,771

839,744

CREDITORS
Amounts falling due after more than one
year

6

199,663

130,704
NET ASSETS 681,108 709,040

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 501,772 501,772
Capital redemption reserve 10 7,500 7,500
Retained earnings 10 170,836 198,768
SHAREHOLDERS' FUNDS 681,108 709,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 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.

NEW WAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03975950)

BALANCE SHEET - continued
29 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr N A Weyman - Director


NEW WAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03975950)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

New Wave Investments 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 as modified by the revaluation of certain assets.

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


NEW WAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03975950)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 June 2023
and 29 June 2024 900,000
NET BOOK VALUE
At 29 June 2024 900,000
At 29 June 2023 900,000

Fair value at 29 June 2024 is represented by:
£   
Valuation in 2012 307,829
Valuation in 2016 49,943
Valuation in 2017 34,000
Valuation in 2020 110,000
Cost 398,228
900,000

NEW WAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03975950)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Bank loans and overdrafts (see note 7) 6,377 14,000
Trade creditors 81 1,001
Amounts owed to connected company 16,600 15,000
Taxation 487 5,847
Other creditors 1,587 1,587
Directors' current accounts 13,218 14,281
Accruals 1,141 8,540
39,491 60,256

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.24 29.6.23
£    £   
Bank loans (see note 7) 199,663 130,704

7. LOANS

An analysis of the maturity of loans is given below:

29.6.24 29.6.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 5,107
Bank loans 6,377 8,893
6,377 14,000

Amounts falling due between two and five years:
Mortgage 199,663 130,704

8. SECURED DEBTS

The following secured debts are included within creditors:

29.6.24 29.6.23
£    £   
Bank loans 206,040 139,597

The bank loans are secured by way of a legal charge on the properties concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.6.24 29.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

NEW WAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03975950)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

10. RESERVES
Fair Capital
Retained value redemption
earnings reserve reserve Totals
£    £    £    £   

At 30 June 2023 198,768 501,772 7,500 708,040
Deficit for the year (12,032 ) (12,032 )
Dividends (15,900 ) (15,900 )
At 29 June 2024 170,836 501,772 7,500 680,108