REGISTERED NUMBER: 15083781 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SOUTHERN WAVE PROPERTY DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M P Coles

Mrs J E Weser

REGISTERED OFFICE:

17 Grosvenor Gardens

West End

Southampton

SO30 3BP

REGISTERED NUMBER:

15083781 (England and Wales)

ACCOUNTANTS:

Stone Osmond Limited

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

FIXED ASSETS

Tangible assets

4

554

360

CURRENT ASSETS

Stocks

198,286

-

Cash at bank and in hand

32,586

142,532

230,872

142,532

CREDITORS

Amounts falling due within one year

5

242,409

148,740

NET CURRENT LIABILITIES

(11,537

)

(6,208

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,983

)

(5,848

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(10,985

)

(5,850

)

SHAREHOLDERS' FUNDS

(10,983

)

(5,848

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

M P Coles - Director

Mrs J E Weser - Director

1.	STATUTORY INFORMATION

Southern Wave Property Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Accounts have been prepared on the going concern basis because the directors have committed to continuing to support the business for the foreseeable future.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

480

Additions

379

At 31 August 2025

859

DEPRECIATION

At 1 September 2024

120

Charge for year

185

At 31 August 2025

305

NET BOOK VALUE

At 31 August 2025

554

At 31 August 2024

360

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

115,847

-

Trade creditors

322

-

Other creditors

126,240

148,740

242,409

148,740

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2025 and the period ended 31 August 2024:

2025

2024

£

£

M P Coles

Balance outstanding at start of year

-

-

Amounts advanced

11,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,000

-

Loans to and from directors do not have interest charged on them and are repayable on demand.

7.	LOAN FROM DIRECTOR

During the period, the director J Weser loaned £148,740 to the company; no interest is charged on this amount.

No date for repayment has been set and the director has confirmed that repayment will not be requested until after the company finishes working on the current property.