Company Registration No. 03683874 (England and Wales)
Waverley Media Ltd
Unaudited accounts
for the year ended 31 January 2025
Waverley Media Ltd
Unaudited accounts
Contents
Waverley Media Ltd
Company Information
for the year ended 31 January 2025
Directors
Timothy Lowe
John Brown
Victoria Dunlop
Natasja Lowe
Company Number
03683874 (England and Wales)
Registered Office
Waverley Farm
Waverley Lane
Farnham
Surrey
GU9 8EP
Accountants
FIRESTONE ACCOUNTANTS LIMITED
Antrobus House
18 College Street
Petersfield
Hampshire
GU31 4AD
Waverley Media Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
2,310
3,039
Cash at bank and in hand
625,455
866,068
Creditors: amounts falling due within one year
(471,153)
(514,824)
Net current assets
1,179,677
1,160,203
Total assets less current liabilities
1,181,987
1,163,242
Provisions for liabilities
Other provisions
(796,023)
(796,023)
Net assets
385,964
367,219
Called up share capital
1,000
1,000
Profit and loss account
384,964
366,219
Shareholders' funds
385,964
367,219
For the year ending 31 January 2025 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 30 October 2025 and were signed on its behalf by
Timothy Lowe
Director
Company Registration No. 03683874
Waverley Media Ltd
Notes to the Accounts
for the year ended 31 January 2025
Waverley Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 03683874. The registered office is Waverley Farm, Waverley Lane, Farnham, Surrey, GU9 8EP.
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.
The accounts are presented in £ sterling.
Turnover 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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Expenditure on research and development is written off in the year in which it is incurred.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
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.
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.
Waverley Media Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
6,289
8,203
Other debtors
1,018,586
800,256
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
21,963
23,156
Taxes and social security
85,467
85,502
Other creditors
19,053
19,058
Loans from directors
19,988
19,988
7
Provisions for liabilities
£
At 1 February 2024
796,023
At 31 January 2025
796,023
8
Operating lease commitments
2025
2024
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
4,333
Later than one year and not later than five years
114,830
-
Waverley Media Ltd
Notes to the Accounts
for the year ended 31 January 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advances to directors
668,040
886,798
671,662
883,176
668,040
886,798
671,662
883,176
Other debtors includes the above advances to directors, repayable on demand.
10
Average number of employees
During the year the average number of employees was 5 (2024: 6).