Company Registration No. 05894627 (England and Wales)
Sine Wave Entertainment Limited
Unaudited accounts
for the period from 1 September 2023 to 31 December 2024
Sine Wave Entertainment Limited
Unaudited accounts
Contents
Sine Wave Entertainment Limited
Company Information
for the period from 1 September 2023 to 31 December 2024
Directors
Andrew Duncan Adams
Anastasia Bloom
Adam Frisby
James Henderson
Peter Michael Russell Norris
Vivek Sharma
Company Number
05894627 (England and Wales)
Registered Office
Landmark, 2 Portman Street
London
England
W1H 6DU
United Kingdom
Accountants
EPIC Administration Limited
Audrey House
16-20 Ely Place
London
EC1N 6SN
Sine Wave Entertainment Limited
Accountants' report
Accountants' report to the board of directors of Sine Wave Entertainment Limited on the preparation of the unaudited statutory accounts for the period from 1 September 2023 to 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
Sine Wave Entertainment Limited for the period from
1 September 2023 to
31 December 2024 as set out on pages
5 -
10 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sine Wave Entertainment Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sine Wave Entertainment Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sine Wave Entertainment Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sine Wave Entertainment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sine Wave Entertainment Limited. You consider that Sine Wave Entertainment Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Sine Wave Entertainment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
EPIC Administration Limited
Audrey House
16-20 Ely Place
London
EC1N 6SN
24 September 2025
Sine Wave Entertainment Limited
Statement of financial position
as at 31 December 2024
Intangible assets
4,096,877
3,640,405
Cash at bank and in hand
48,089
51,622
Creditors: amounts falling due within one year
(37,570)
(336,252)
Net current assets
305,564
219,255
Total assets less current liabilities
4,402,441
3,869,051
Creditors: amounts falling due after more than one year
(680,414)
-
Net assets
3,722,027
3,869,051
Called up share capital
41,106
37,560
Share premium
11,278,069
11,051,729
Profit and loss account
(7,597,148)
(7,220,238)
Shareholders' funds
3,722,027
3,869,051
For the period 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 24 September 2025 and were signed on its behalf by
Anastasia Bloom
Director
Company Registration No. 05894627
Sine Wave Entertainment Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 December 2024
Sine Wave Entertainment Limited is a private company, limited by shares, registered in England and Wales, registration number 05894627. The registered office is Landmark, 2 Portman Street, London, England, W1H 6DU, United Kingdom.
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 period, 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 fixed assets.
The accounts are presented in £ sterling.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Computer equipment - 33% on straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Sine Wave Entertainment Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 December 2024
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is provided on the following bases:
Other intangible fixed assets - 10 % straight line
Investments in subsidiaries are measured at cost less accumulated impairment.
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Foreign currency translation
Functional and presentation currency
The company's functional and presentational currency is Sterling (£).
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Sine Wave Entertainment Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 December 2024
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
4
Intangible fixed assets
Other
At 1 September 2023
3,640,405
At 31 December 2024
4,450,269
Charge for the period
353,392
At 31 December 2024
353,392
At 31 December 2024
4,096,877
At 31 August 2023
3,640,405
5
Tangible fixed assets
Computer equipment
At 1 September 2023
121,735
At 31 December 2024
120,699
At 1 September 2023
119,168
Charge for the period
1,531
At 31 December 2024
120,699
Sine Wave Entertainment Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 December 2024
6
Investments
Subsidiary undertakings
Valuation at 1 September 2023
6,824
Valuation at 31 December 2024
-
Amounts falling due within one year
Trade debtors
96,913
106,967
Accrued income and prepayments
101,456
112,880
Other debtors
80,309
284,038
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
115,898
75,437
Taxes and social security
(111,037)
4,575
Deferred income
21,777
97,717
9
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
11,130,381 (2023 - 11,130,381) Ordinary shares of £0.001 each
11,130.38
11,130.38
29,975,684 (2023 - 26,430,054) Preference shares of £0.001 each
29,975.68
26,430.05
Shares issued during the period:
3,545,630 (2023 - 26,430,054) Preference shares of £0.001 each
3,545.63
11
Transactions with related parties
During the year the shareholders advanced £660,000 to the company (2023: £971,337); and £76,510 (2023: £1,419,835) was converted to equity during the year. Interest amounting to £20,414 (2023: £106,058) has been charged on the amounts advanced and there is no fixed repayment date. As at the year end, the company owed £680,414 (2023: £77,639) to the shareholders.
Sine Wave Entertainment Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 December 2024
12
Average number of employees
During the period the average number of employees was 3 (2023: 8).