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

REGISTERED NUMBER: 02735178 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2021

for

Waveeffect Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E M Cohen

SECRETARY:

Mrs J Cohen

REGISTERED OFFICE:

Studio House

34 Salisbury Street

London

NW8 8QE

REGISTERED NUMBER:

02735178 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

925,500

925,500

925,500

925,500

CURRENT ASSETS

Cash at bank and in hand

706,340

605,146

CREDITORS

Amounts falling due within one year

6

352,704

264,961

NET CURRENT ASSETS

353,636

340,185

TOTAL ASSETS LESS CURRENT LIABILITIES

1,279,136

1,265,685

CREDITORS

Amounts falling due after more than one year

7

48,126

50,000

NET ASSETS

1,231,010

1,215,685

CAPITAL AND RESERVES

Called up share capital

744,578

744,578

Revaluation reserve

8

871,527

871,527

Retained earnings

(385,095

)

(400,420

)

SHAREHOLDERS' FUNDS

1,231,010

1,215,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 21 July 2022 and were signed by:

E M Cohen - Director

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 (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Short

property

leasehold

Totals

£

£

£

COST

At 1 November 2020

and 31 October 2021

260,000

80,000

340,000

DEPRECIATION

At 1 November 2020

and 31 October 2021

260,000

80,000

340,000

NET BOOK VALUE

At 31 October 2021

-

-

-

At 31 October 2020

-

-

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2020

and 31 October 2021

925,500

NET BOOK VALUE

At 31 October 2021

925,500

At 31 October 2020

925,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade creditors

124,898

91,152

Tax

3,595

1,517

VAT

782

934

Amounts due to/from related

company

212,609

168,538

Directors' current accounts

8,580

580

Accrued expenses

2,240

2,240

352,704

264,961

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.21

31.10.20

£

£

Other loans - 2-5 years

48,126

50,000

8.

RESERVES

Revaluation

reserve

£

At 1 November 2020

and 31 October 2021

871,527

9.	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.

10.	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.

11.

CONTROL

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