Company registration number SC397182 (Scotland)
NEVISWAVE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NEVISWAVE LIMITED
COMPANY INFORMATION
Directors
N R Scott
R W Maclean
T J Trotter
Company number
SC397182
Registered office
Office 2
6 Munro Road
Springkerse Industrial Estate
Stirling
FK7 7UU
Accountants
Azets
Titanium 1
King's Inch Place
Renfrew
United Kingdom
PA4 8WF
NEVISWAVE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
NEVISWAVE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
131,388
198,918
Investment property
5
719,169
719,169
Investments
6
1,000,466
1,000,466
1,851,023
1,918,553
Current assets
Debtors falling due after more than one year
7
4,488,731
-
0
Debtors falling due within one year
7
6,724,696
11,132,236
Cash at bank and in hand
236,332
1,844,853
11,449,759
12,977,089
Creditors: amounts falling due within one year
8
(10,219,104)
(11,669,021)
Net current assets
1,230,655
1,308,068
Total assets less current liabilities
3,081,678
3,226,621
Provisions for liabilities
4,951
4,951
Net assets
3,086,629
3,231,572
Capital and reserves
Called up share capital
9
400
400
Profit and loss reserves
3,086,229
3,231,172
Total equity
3,086,629
3,231,572
NEVISWAVE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 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 26 June 2026 and are signed on its behalf by:
N R Scott
Director
Company registration number SC397182 (Scotland)
NEVISWAVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Neviswave Limited is a private company limited by shares incorporated in Scotland. The registered office is Office 2, 6 Munro Road, Springkerse Industrial Estate, Stirling, FK7 7UU.

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. 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 current and future financial performance of the company and its cash flows have been reviewed and continue to be reviewed on a regular basis by the directors.true

The directors consider that it is appropriate to prepare the financial statements on the going concern basis.

1.3
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:

Fixtures and fittings
4 years straight line
Motor vehicles
4 years 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.

1.4
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.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

NEVISWAVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

NEVISWAVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.10
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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Fair value of investment property

The valuation of the company's investment property is inherently subjective due to, among other factors, the nature of the property, its location and the expected future rental revenues from that particular property. As a result, the valuations the company places on its investment property are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of volatility or low transaction flow in the property market.

The fair value of investment property is appraised each year either by independent external valuers or on the basis of internal valuations. The best evidence of fair value are current prices in an active market for similar investment property. In the absence of such information, the directors determine the amount within a range of reasonable fair value estimate taking into account such assumptions as the tenure and tenancy details, ground conditions, the structural condition, prevailing market yields and comparable market transactions.

NEVISWAVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Employees

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

2025
2024
Number
Number
Total
8
7
4
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 January 2025
3,537
254,814
258,351
Additions
3,946
-
0
3,946
Disposals
-
0
(8,714)
(8,714)
At 31 December 2025
7,483
246,100
253,583
Depreciation and impairment
At 1 January 2025
1,448
57,985
59,433
Depreciation charged in the year
1,238
61,951
63,189
Eliminated in respect of disposals
-
0
(427)
(427)
At 31 December 2025
2,686
119,509
122,195
Carrying amount
At 31 December 2025
4,797
126,591
131,388
At 31 December 2024
2,089
196,829
198,918
5
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
719,169

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6
Fixed asset investments
2025
2024
£
£
Investments
1,000,466
1,000,466
NEVISWAVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2025 & 31 December 2025
1,000,466
Carrying amount
At 31 December 2025
1,000,466
At 31 December 2024
1,000,466
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
34,427
2,670
Amounts owed by group undertakings
5,573,008
10,078,837
Other debtors
1,117,261
1,050,729
6,724,696
11,132,236
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
4,388,731
-
0
Other debtors
100,000
-
0
4,488,731
-
0
Total debtors
11,213,427
11,132,236
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
14,506
3,651
Taxation and social security
107,405
69,796
Other creditors
10,097,193
11,595,574
10,219,104
11,669,021
NEVISWAVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
A Ordinary shares of £1 each
100
100
100
100
B Ordinary shares of £1 each
100
100
100
100
C Ordinary shares of £1 each
100
100
100
100
400
400
400
400

Ordinary shares carry one vote per share. There are no restrictions on the distribution of dividends and the repayment of capital.

All remaining share classes carry no voting rights. The remaining share classes are entitled to dividends as a separate class of shares.

10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
24,375
35,625
11
Related party transactions
Transactions with related parties
Management fees received
2025
2024
£
£
Other related parties
1,038,550
1,002,000

Dividends of £350,500 (2024: £133,500) were paid to shareholders in the year.

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Key management personnel
6,350,674
6,719,054
Other related parties
3,675,314
4,940,625
NEVISWAVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11
Related party transactions
(Continued)
- 9 -

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
9,978,081
10,078,836
Key management personnel
21
-
Other related parties
1,087,251
120,966
12
Ultimate Controlling Party

The ultimate controlling party is J C Scott by virtue of his majority shareholding.

2025-12-31 2025-01-01 false false false 26 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity N R Scott R W Maclean T J Trotter SC397182 2025-01-01 2025-12-31 SC397182 bus:Director1 2025-01-01 2025-12-31 SC397182 bus:Director2 2025-01-01 2025-12-31 SC397182 bus:Director3 2025-01-01 2025-12-31 SC397182 bus:RegisteredOffice 2025-01-01 2025-12-31 SC397182 2025-12-31 SC397182 2024-12-31 SC397182 core:FurnitureFittings 2025-12-31 SC397182 core:MotorVehicles 2025-12-31 SC397182 core:FurnitureFittings 2024-12-31 SC397182 core:MotorVehicles 2024-12-31 SC397182 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 SC397182 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 SC397182 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 SC397182 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC397182 core:WithinOneYear 2025-12-31 SC397182 core:WithinOneYear 2024-12-31 SC397182 core:CurrentFinancialInstruments 2025-12-31 SC397182 core:CurrentFinancialInstruments 2024-12-31 SC397182 core:ShareCapital 2025-12-31 SC397182 core:ShareCapital 2024-12-31 SC397182 core:RetainedEarningsAccumulatedLosses 2025-12-31 SC397182 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC397182 core:ShareCapitalOrdinaryShareClass1 2025-12-31 SC397182 core:ShareCapitalOrdinaryShareClass1 2024-12-31 SC397182 core:ShareCapitalOrdinaryShareClass2 2025-12-31 SC397182 core:ShareCapitalOrdinaryShareClass2 2024-12-31 SC397182 core:ShareCapitalOrdinaryShareClass3 2025-12-31 SC397182 core:ShareCapitalOrdinaryShareClass3 2024-12-31 SC397182 core:ShareCapitalOrdinaryShareClass4 2025-12-31 SC397182 core:ShareCapitalOrdinaryShareClass4 2024-12-31 SC397182 core:ShareCapitalOrdinaryShares 2025-12-31 SC397182 core:ShareCapitalOrdinaryShares 2024-12-31 SC397182 core:FurnitureFittings 2025-01-01 2025-12-31 SC397182 core:MotorVehicles 2025-01-01 2025-12-31 SC397182 2024-01-01 2024-12-31 SC397182 core:FurnitureFittings 2024-12-31 SC397182 core:MotorVehicles 2024-12-31 SC397182 2024-12-31 SC397182 core:Non-currentFinancialInstruments 2025-12-31 SC397182 core:Non-currentFinancialInstruments 2024-12-31 SC397182 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 SC397182 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 SC397182 bus:OrdinaryShareClass3 2025-01-01 2025-12-31 SC397182 bus:OrdinaryShareClass4 2025-01-01 2025-12-31 SC397182 bus:OrdinaryShareClass1 2025-12-31 SC397182 bus:OrdinaryShareClass1 2024-12-31 SC397182 bus:OrdinaryShareClass2 2025-12-31 SC397182 bus:OrdinaryShareClass2 2024-12-31 SC397182 bus:OrdinaryShareClass3 2025-12-31 SC397182 bus:OrdinaryShareClass3 2024-12-31 SC397182 bus:OrdinaryShareClass4 2025-12-31 SC397182 bus:OrdinaryShareClass4 2024-12-31 SC397182 bus:AllOrdinaryShares 2025-12-31 SC397182 bus:AllOrdinaryShares 2024-12-31 SC397182 core:OtherRelatedParties 2025-01-01 2025-12-31 SC397182 core:KeyManagementPersonnel 2025-12-31 SC397182 core:KeyManagementPersonnel 2024-12-31 SC397182 core:OtherRelatedParties 2025-12-31 SC397182 core:OtherRelatedParties 2024-12-31 SC397182 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-12-31 SC397182 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-12-31 SC397182 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC397182 bus:FRS102 2025-01-01 2025-12-31 SC397182 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 SC397182 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC397182 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP