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Company Registration No. 08904127 (England and Wales)
Waveney Solutions Ltd Filleted accounts for the year ended 28 February 2025
Waveney Solutions Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Waveney Solutions Ltd Company Information for the year ended 28 February 2025
Directors
Mr Hiten Amratlal Mistry Mrs Priya Hiten Mistry
Company Number
08904127 (England and Wales)
Registered Office
2 Raine Way Oadby Leicester LE2 4UB
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Waveney Solutions Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
283,960
283,960
Current assets
Cash at bank and in hand
4,366
9,840
Creditors: amounts falling due within one year
5
(4,846)
(4,297)
Net current (liabilities)/assets
(480)
5,543
Total assets less current liabilities
283,480
289,503
Creditors: amounts falling due after more than one year
6
(204,416)
(212,416)
Net assets
79,064
77,087
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
78,964
76,987
Shareholders' funds
79,064
77,087
For the year ending 28 February 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 28 November 2025 and were signed on its behalf by
Mr Hiten Amratlal Mistry Director Company Registration No. 08904127
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Waveney Solutions Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Waveney Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08904127. The registered office is 2 Raine Way, Oadby, Leicester, LE2 4UB.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
4
Investment property
2025
£
Fair value at 1 March 2024
283,960
At 28 February 2025
283,960
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
4,325
3,776
Accruals
521
521
4,846
4,297
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Waveney Solutions Ltd Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
153,206
163,206
Amounts owed to group undertakings and other participating interests
51,210
49,210
204,416
212,416
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
50 Ordinary shares A of £1 each
50
50
50 Ordinary shares B of £1 each
50
50
100
100
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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