REGISTERED NUMBER: 08393584 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

WAVECREST CAFE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Davis

Mr B P Finnegan

Mrs S A Finnegan

Mrs E James

SECRETARY:

REGISTERED OFFICE:

20 Finch Close

Pembroke Dock

Pembrokeshire

SA72 6QQ

REGISTERED NUMBER:

08393584 (England and Wales)

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Property, plant and equipment

4

37,117

29,209

CURRENT ASSETS

Inventories

2,500

1,000

Debtors

5

17,814

13,011

Cash at bank and in hand

16,986

13,103

37,300

27,114

CREDITORS

Amounts falling due within one year

6

59,780

45,998

NET CURRENT LIABILITIES

(22,480

)

(18,884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,637

10,325

CREDITORS

Amounts falling due after more than one year

7

(5,499

)

(2,498

)

PROVISIONS FOR LIABILITIES

(4,246

)

(5,550

)

NET ASSETS

4,892

2,277

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,792

2,177

4,892

2,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 by the Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

Mrs S A Finnegan - Director

1.	STATUTORY INFORMATION

Wavecrest Cafe Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The director is unaware of any material uncertainties in making his assessment of going concern. As a result of this, the going concern basis of accounting has been adopted.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Property, plant and equipment is measured at cost less accumulated depreciation and any accumulated impairment losses.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Income recognition

The company's turnover represents the supply of restaurant services. The company recognises income at the point of sale.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 23 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2025

47,715

37,112

-

2,005

86,832

Additions

-

-

15,715

831

16,546

At 28 February 2026

47,715

37,112

15,715

2,836

103,378

DEPRECIATION

At 1 March 2025

29,738

26,527

-

1,358

57,623

Charge for year

3,657

1,542

3,143

296

8,638

At 28 February 2026

33,395

28,069

3,143

1,654

66,261

NET BOOK VALUE

At 28 February 2026

14,320

9,043

12,572

1,182

37,117

At 28 February 2025

17,977

10,585

-

647

29,209

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

17,814

13,011

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

10,770

10,026

Trade creditors

8,611

6,003

Taxation and social security

26,849

22,956

Other creditors

13,550

7,013

59,780

45,998

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

5,499

2,498

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

Mrs J Davis and Mrs S A Finnegan

Balance outstanding at start of year

12,023

10,841

Amounts advanced

4,697

1,182

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,720

12,023