Waveeffect Limited - Accounts to registrar (filleted) - small 18.2

Waveeffect Limited - Accounts to registrar (filleted) - small 18.2

WAVEEFFECT LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.5.71 02735178 director 1.11.18 31.10.19 31.10.19 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027351782018-10-31027351782019-10-31027351782018-11-012019-10-31027351782017-10-31027351782017-11-012018-10-31027351782018-10-3102735178ns15:EnglandWales2018-11-012019-10-3102735178ns14:PoundSterling2018-11-012019-10-3102735178ns10:Director12018-11-012019-10-3102735178ns10:PrivateLimitedCompanyLtd2018-11-012019-10-3102735178ns10:SmallEntities2018-11-012019-10-3102735178ns10:AuditExempt-NoAccountantsReport2018-11-012019-10-3102735178ns10:SmallCompaniesRegimeForAccounts2018-11-012019-10-3102735178ns10:FullAccounts2018-11-012019-10-3102735178ns10:CompanySecretary12018-11-012019-10-3102735178ns10:RegisteredOffice2018-11-012019-10-3102735178ns5:CurrentFinancialInstruments2019-10-3102735178ns5:CurrentFinancialInstruments2018-10-3102735178ns5:ShareCapital2019-10-3102735178ns5:ShareCapital2018-10-3102735178ns5:RevaluationReserve2019-10-3102735178ns5:RevaluationReserve2018-10-3102735178ns5:RetainedEarningsAccumulatedLosses2019-10-3102735178ns5:RetainedEarningsAccumulatedLosses2018-10-3102735178ns5:LandBuildingsns5:OwnedOrFreeholdAssets2018-11-012019-10-3102735178ns5:LandBuildingsns5:ShortLeaseholdAssets2018-11-012019-10-3102735178ns5:LandBuildings2018-10-3102735178ns5:LandBuildingsns5:ShortLeaseholdAssets2018-10-3102735178ns5:LandBuildings2019-10-3102735178ns5:LandBuildingsns5:ShortLeaseholdAssets2019-10-3102735178ns5:LandBuildings2018-10-3102735178ns5:LandBuildingsns5:ShortLeaseholdAssets2018-10-3102735178ns5:CostValuation2018-10-3102735178ns5:RevaluationReserve2018-10-31
REGISTERED NUMBER: 02735178 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2019

for

Waveeffect Limited
Waveeffect Limited (Registered number: 02735178)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Waveeffect Limited

Company Information
for the Year Ended 31 October 2019







DIRECTOR: E M Cohen





SECRETARY: Mrs J Cohen





REGISTERED OFFICE: Studio House
34 Salisbury Street
London
NW8 8QE





REGISTERED NUMBER: 02735178 (England and Wales)





ACCOUNTANTS: Pemberton Professionals Limited
9 Acton Hill Mews
Uxbridge Road
London
W3 9QN
Page 1
Waveeffect Limited (Registered number: 02735178)

Balance Sheet
31 October 2019

31.10.19 31.10.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 925,500 925,500
925,500 925,500

CURRENT ASSETS
Cash at bank and in hand 447,440 457,996

CREDITORS
Amounts falling due within one year 6 163,720 177,854
NET CURRENT ASSETS 283,720 280,142
TOTAL ASSETS LESS CURRENT LIABILITIES 1,209,220 1,205,642

CAPITAL AND RESERVES
Called up share capital 744,578 744,578
Revaluation reserve 7 871,527 871,527
Retained earnings (406,885 ) (410,463 )
SHAREHOLDERS' FUNDS 1,209,220 1,205,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 June 2020 and were
signed by:





E M Cohen - Director


The notes form part of these financial statements

Page 2
Waveeffect Limited (Registered number: 02735178)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Waveeffect 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Short leasehold - in accordance with the property

Foreign currencies
Transactions in foreign currencies are translated into £ sterling at the rates of exchange prevailing on
the transaction date. Assets and liabilities in foreign currencies are translated into £ sterling at the rates
of exchange prevailing at the balance sheet date. Exchange differences are taken into account in
arriving at the operating profit.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold Short
property leasehold Totals
£    £    £   
COST
At 1 November 2018
and 31 October 2019 260,000 80,000 340,000
DEPRECIATION
At 1 November 2018
and 31 October 2019 260,000 80,000 340,000
NET BOOK VALUE
At 31 October 2019 - - -
At 31 October 2018 - - -

Page 3 continued...
Waveeffect Limited (Registered number: 02735178)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2018
and 31 October 2019 925,500
NET BOOK VALUE
At 31 October 2019 925,500
At 31 October 2018 925,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Trade creditors 29,318 40,628
Tax 839 1,073
VAT 421 41
Amounts due to/from related
company 130,322 131,672
Directors' current accounts 580 2,200
Accrued expenses 2,240 2,240
163,720 177,854

7. RESERVES
Revaluation
reserve
£   
At 1 November 2018
and 31 October 2019 871,527

8. CONTINGENT LIABILITIES

A contingent liability of approximately £233,800 would crystallise if the freehold and leasehold
properties were sold. No deferred tax is provided as the company has no intentions of disposing these
properties in the foreseeable future.


9. RELATED PARTY DISCLOSURES

During the year the company entered into transactions with other companies related by virtue of the
director and his family being controlling shareholders of those companies.

10. CONTROL

The company was under the control of Mr E M Cohen throughout the year.

Page 4