Company Registration No. 10697342 (England and Wales)
Waitasecond VF Ltd
Unaudited accounts
for the year ended 31 March 2025
Waitasecond VF Ltd
Unaudited accounts
Contents
Waitasecond VF Ltd
Company Information
for the year ended 31 March 2025
Directors
T Dominici
M Dominici
I Dominici
Company Number
10697342 (England and Wales)
Registered Office
164 New Cavendish Street
London
W1W 6YT
United Kingdom
Waitasecond VF Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
4,310
57,237
Creditors: amounts falling due within one year
(199,742)
(162,699)
Net current liabilities
(142,566)
(103,110)
Net liabilities
(82,554)
(43,098)
Called up share capital
1,000
1,000
Profit and loss account
(83,554)
(44,098)
Shareholders' funds
(82,554)
(43,098)
For the year ending 31 March 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 29 December 2025 and were signed on its behalf by
T Dominici
Director
Company Registration No. 10697342
Waitasecond VF Ltd
Notes to the Accounts
for the year ended 31 March 2025
Waitasecond VF Ltd is a private company, limited by shares, registered in England and Wales, registration number 10697342. The registered office is 164 New Cavendish Street, London, W1W 6YT, 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 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 fixed assets.
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.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation has been provided at 20% in order to write off the assets over their estimated useful lives of 5 years.
Investments in shares are included at cost less provision for diminution in value.
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.
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.
Waitasecond VF Ltd
Notes to the Accounts
for the year ended 31 March 2025
The directors have considered the period ahead and anticipate reduction in losses in the coming years. The directors believe that with support from the shareholder and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. As a consequence, the directors believe that the company is well placed to manage its business risks successfully. As such, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
4
Intangible fixed assets
Other
5
Investments
Subsidiary undertakings
Valuation at 1 April 2024
60,012
Valuation at 31 March 2025
60,012
Subsidiary undertakings:
The following were subsidiary undertakings of the company;
Name & country of incorporation: Waitasecond GmbH (Registered in Wein, Austria)
Class of shares holding: Foundation capital
Principal activity: Retail
Share capital: £8,562 (Eur 10,000 of which Eur 5,000 is outstanding)
Name & country of incorporation: Waitasecond GmbH (Registered in Munich, Germany)
Class of shares holding: Share capital
Principal activity: Retail, clothing store
Share capital: £21,400 (Eur 25,000 of which Eur 12,500 is outstanding)
Name & country of incorporation: Vao Papen GmbH (Registered in Austria)
Class of shares holding: Share capital
Principal activity: Wholesale of second-hand and new clothing and accessories
Share capital: £29,961 (Eur 35,000 of which Eur 17,500 is outstanding)
Name & country of incorporation: Waitasecond B.V. (Registered in Netherlands)
Class of shares holding: Ordinary share capital
Principal activity: Retail
Share capital: £89 (Eur 100 of which Eur 100 is fully paid)
Waitasecond VF Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
1,542
1,542
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Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
164,332
-
Other creditors
29,190
29,190
Loans from directors
-
127,589
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Transactions with related parties
Included in other creditors is the amount of £Nil (2024: £31,508), £Nil (2024: £37,300), £Nil (2024: £34,797) and £Nil (2024: £23,984) owed by the company to Mr T Dominici, Mr S Renna, Mr M Dominici and Mr I Dominici respectively.
Included in other debtors is the amount of £42,783 (2024: £Nlil) owed to the company by Mr M Dominici.
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Average number of employees
During the year the average number of employees was 0 (2024: 0).