Registration number: 13086357

WaveFive Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 9

WaveFive Limited

Company Information

Director

Mr T Cousins

Registered office

1 Bond Street Colne Lancashire BB8 9DG

Accountants

Hargreaves, Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
WaveFive Limited
for the Period Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WaveFive Limited for the period ended 31 March 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of WaveFive Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of WaveFive Limited and state those matters that we have agreed to state to the Board of Directors of WaveFive Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WaveFive Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that WaveFive Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of WaveFive Limited. You consider that WaveFive Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of WaveFive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves, Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

30 September 2026

WaveFive Limited

(Registration number: 13086357)
Balance Sheet as at 31 March 2025

	Note	2025 £	2023 £
Fixed assets
Intangible assets	4	556,573	1,444,530
Tangible assets	5	236,618	71,970
		793,191	1,516,500
Current assets
Debtors	6	933	-
Cash at bank and in hand		37,768	62,309
		38,701	62,309
Creditors: Amounts falling due within one year	7	(58,430)	(45,196)
Net current (liabilities)/assets		(19,729)	17,113
Total assets less current liabilities		773,462	1,533,613
Creditors: Amounts falling due after more than one year	7	(50,000)	(175,000)
Provisions for liabilities		(59,155)	(112,724)
Net assets		664,307	1,245,889
Capital and reserves
Called up share capital		100	100
Revaluation reserve		-	284,193
Retained earnings		664,207	961,596
Shareholders' funds		664,307	1,245,889

WaveFive Limited

(Registration number: 13086357)
Balance Sheet as at 31 March 2025

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2026
 

......................................... Mr T Cousins Director

WaveFive Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Bond Street
Colne
Lancashire
BB8 9DG

These financial statements were authorised for issue by the director on 30 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

WaveFive Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period was 1 (2023 - 1).

WaveFive Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	1,444,530	1,444,530
Revaluations	(911,017)	(911,017)
Additions acquired separately	23,060	23,060
At 31 March 2025	556,573	556,573
Amortisation
Carrying amount
At 31 March 2025	556,573	556,573
At 31 December 2023	1,444,530	1,444,530

Intangible assets carried at revalued amounts

The fair value of the company's cryptocurrency was revalued on 31 March 2025. An independent valuer was not involved.
Fair value is determined by current quoted prices observable on a spot exchanges platform that handle crypto trading.
Had this class of asset been measured on a historical cost basis, their carrying amount would have been £1,088,666 (2023 - £1,065,606).

WaveFive Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	174,931	-	174,931
Additions	184,083	127,257	311,340
At 31 March 2025	359,014	127,257	486,271
Depreciation
At 1 January 2024	102,961	-	102,961
Charge for the period	106,924	39,768	146,692
At 31 March 2025	209,885	39,768	249,653
Carrying amount
At 31 March 2025	149,129	87,489	236,618
At 31 December 2023	71,970	-	71,970

6

Debtors

	2025 £	2023 £
Prepayments	933	-
	933	-

WaveFive Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2023 £
Due within one year
Taxation and social security	35,170	27,437
Other creditors	23,260	17,759
	58,430	45,196

Creditors: amounts falling due after more than one year

	Note	2025 £	2023 £
Due after one year
Loans and borrowings	8	50,000	175,000

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2023 £
Other borrowings	50,000	175,000