Company Registration No. 13078217 (England and Wales)
Eighth Wonder Holdings Ltd
Unaudited accounts
for the year ended 31 December 2024
Eighth Wonder Holdings Ltd
Unaudited accounts
Contents
Eighth Wonder Holdings Ltd
Company Information
for the year ended 31 December 2024
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
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 2024
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 2024 as set out on pages
5 -
9 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
9 September 2025
Eighth Wonder Holdings Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
44,166
46,827
Investment property
1,663,353
1,663,353
Investments
8,009,264
5,084,473
Cash at bank and in hand
18,577
13,784
Creditors: amounts falling due within one year
(6,859,615)
(5,128,064)
Net current assets
1,306,853
104,353
Total assets less current liabilities
3,014,372
1,814,533
Creditors: amounts falling due after more than one year
(759,375)
(759,375)
Provisions for liabilities
Deferred tax
(354,930)
(98,655)
Net assets
1,900,067
956,503
Called up share capital
4
4
Profit and loss account
1,900,063
956,499
Shareholders' funds
1,900,067
956,503
For the year ending 31 December 2024 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 9 September 2025 and were signed on its behalf by
A Challita
Director
Company Registration No. 13078217
Eighth Wonder Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
15% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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.
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 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.
Eighth Wonder Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
46,780
3,088
2,228
52,096
At 31 December 2024
46,780
3,088
4,505
54,373
At 1 January 2024
4,093
332
844
5,269
Charge for the year
3,735
288
915
4,938
At 31 December 2024
7,828
620
1,759
10,207
At 31 December 2024
38,952
2,468
2,746
44,166
At 31 December 2023
42,687
2,756
1,384
46,827
Fair value at 1 January 2024
1,663,353
At 31 December 2024
1,663,353
Investment property was valued on an open market basis by the director on 31st December 2024 at £1,663,353 (2023 - £1,663,353). If it had not been revalued it would have been included at its historical cost of £1,691,075.
Amounts falling due within one year
Accrued income and prepayments
8,099
13,985
Other debtors
130,528
120,175
Eighth Wonder Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2024
7
Investments held as current assets
2024
2023
Listed investments
8,009,264
5,084,473
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
32,156
106,976
Loans from directors
6,804,839
5,003,759
Deferred income
12,765
11,751
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
759,375
759,375
Creditors due after more than one year include interest only mortgages on investment properties totalling £759,375 (2023 - £759,375).
10
Deferred taxation
2024
2023
Accelerated capital allowances
11,044
11,709
Revaluation of investment property
(7,180)
(7,180)
Other deferred taxation
351,066
94,126
Provision at start of year
98,655
-
Charged to the profit and loss account
256,275
98,655
Provision at end of year
354,930
98,655
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
Eighth Wonder Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2024
12
Transactions with related parties
Included within other creditors due within one year is an interest free loan from the directors amouting to £6,804,839 (2023 - £5,003,7598).
13
Average number of employees
During the year the average number of employees was 1 (2023: 1).