Urbanwave Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 15572000

		31 March 2026		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,893		10,000

			7,893		10,000
CURRENT ASSETS
Stocks	5	2,520,616		2,081,694
Debtors	6	48,255		30,638
Cash at bank and in hand		17,113		152,767

		2,585,984		2,265,099
Creditors: Amounts Falling Due Within One Year	7	(75,165 )		(2,387,884 )

NET CURRENT ASSETS (LIABILITIES)			2,510,819		(122,785 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,518,712		(112,785 )

Creditors: Amounts Falling Due After More Than One Year	8		(2,900,813 )		-

NET LIABILITIES			(382,101 )		(112,785 )

CAPITAL AND RESERVES
Called up share capital	9		900		900
Profit and Loss Account			(383,001 )		(113,685 )

SHAREHOLDERS' FUNDS			(382,101)		(112,785)

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Urbanwave Developments Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Simon Lunt

Director

3 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Urbanwave Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15572000 . The registered office is Toll Bar House, 2 Cave Road, Brough, East Yorkshire, HU15 1HB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% Straight Line
Computer Equipment	25% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: NIL)

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Urbanwave Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	12,500	-	12,500
Additions	-	524	524

As at 31 March 2026	12,500	524	13,024

Depreciation
As at 1 April 2025	2,500	-	2,500
Provided during the period	2,500	131	2,631

As at 31 March 2026	5,000	131	5,131

Net Book Value
As at 31 March 2026	7,500	393	7,893

As at 1 April 2025	10,000	-	10,000

5. Stocks

	31 March 2026	31 March 2025
	£	£
Work in progress	2,520,616	2,081,694

6. Debtors

	31 March 2026	31 March 2025
	£	£
Due within one year
Trade debtors	5,941	-
Amounts owed by participating interests	-	10,000
Other debtors	42,314	20,638

	48,255	30,638

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Urbanwave Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	31 March 2026	31 March 2025
	£	£
Trade creditors	40,989	6,859
Bank loans and overdrafts	-	1,350,000
Other loans	-	200,000
Amounts owed to participating interests	30,302	830,000
Other creditors	2,080	1,025
Taxation and social security	1,794	-

	75,165	2,387,884

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2026	31 March 2025
	£	£
Bank loans	1,415,813	-
Other loans	685,000	-
Amounts owed to participating interests	800,000	-

	2,900,813	-

9. Share Capital

	31 March 2026	31 March 2025
	£	£
Allotted, Called up and fully paid	900	900

10. Related Party Transactions

The company has an outstanding loan from SWL Finance Limited (a company in which Mr S W Lunt is also a director) totalling £800,000 (2025: £800,000).

The company also received further loan advancements of £302 from Urbanwave Limited (a company in which Mr R Burns, Mr S Larvin and Mr S W Lunt are also directors) bringing the total loan from this company to £30,302 (2025: £30,000).

The company received loan repayments from Kwh (Hull) Limited (a company in which Mr S Larvin is a director) totalling £10,000, bringing the balanced owed to £nil (2025: £10,000).

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