Company registration number 05569213 (England and Wales)
WAVEVALLEY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
WAVEVALLEY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
WAVEVALLEY LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
5
2,703,865
2,703,865
Investments
6
2
2
2,703,867
2,703,867
Current assets
Debtors
7
24,022
21,054
Cash at bank and in hand
60,835
116,067
84,857
137,121
Creditors: amounts falling due within one year
8
(1,265,320)
(1,351,077)
Net current liabilities
(1,180,463)
(1,213,956)
Total assets less current liabilities
1,523,404
1,489,911
Creditors: amounts falling due after more than one year
9
(384,530)
(462,551)
Net assets
1,138,874
1,027,360
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
1,138,872
1,027,358
Total equity
1,138,874
1,027,360

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 March 2026 and are signed on its behalf by:
J Jebreel
Director
Company registration number 05569213 (England and Wales)
WAVEVALLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Wavevalley Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ashfield House, Ashfield Road, Cheadle, Cheshire, SK8 1BB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The company has true net current liabilities of £1,180,463 (20 24 - £1,213,956). The directors consider that it is appropriate to prepare the accounts on a going concern basis due to the continuing support of the fellow group company, Maryland Securities Limited.

1.3
Turnover

Turnover represents amounts receivable by the company in respect of rents receivable and services provided during the year.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

WAVEVALLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

WAVEVALLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2024 and 30 September 2025
51,313
Depreciation and impairment
At 1 October 2024 and 30 September 2025
51,313
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
-
0
5
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
2,703,865

The investment properties are carried at their open market value and are assessed annually by the directors. None of the directors are qualified valuers; however, they do have many years experience in the property sector and have based their assessment on a number of professional valuations that have been undertaken recently.

6
Fixed asset investments
2025
2024
£
£
Investments
2
2

Fixed asset investments are stated at cost less impairment and relate to the investment the company has in its subsidiary undertakings.

WAVEVALLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,109
1,473
Other debtors
17,913
19,581
24,022
21,054
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
77,380
72,906
Trade creditors
37,045
11,144
Amounts due to group undertakings
1,108,550
1,214,610
Corporation tax
35,677
45,534
Other creditors
6,668
6,883
1,265,320
1,351,077
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
384,530
462,551
Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
24,524
123,359
10
Related party transactions

The company has taken advantage of the exemption available not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

11
Parent company

T he ultimate controlling party is Maryland Securities Group Ltd, a company incorporated in England and Wales.

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