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REGISTERED NUMBER: 13696597 (England and Wales)















Unaudited Financial Statements

for the Period 21 October 2021 to 31 March 2023

for

Sphere Apartments Limited

Sphere Apartments Limited (Registered number: 13696597)






Contents of the Financial Statements
for the Period 21 October 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sphere Apartments Limited

Company Information
for the Period 21 October 2021 to 31 March 2023







DIRECTORS: Miss F Soteri
A A Soteriou





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 13696597 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Sphere Apartments Limited (Registered number: 13696597)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Investments 5 1,000
Investment property 6 2,190,000
2,191,000

CURRENT ASSETS
Debtors 7 3,954
Cash at bank 84,006
87,960
CREDITORS
Amounts falling due within one year 8 1,727,712
NET CURRENT LIABILITIES (1,639,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

551,248

CAPITAL AND RESERVES
Called up share capital 9 1,000
Retained earnings 10 550,248
SHAREHOLDERS' FUNDS 551,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

Sphere Apartments Limited (Registered number: 13696597)

Balance Sheet - continued
31 March 2023


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 20 October 2023 and were signed on its behalf by:





A A Soteriou - Director


Sphere Apartments Limited (Registered number: 13696597)

Notes to the Financial Statements
for the Period 21 October 2021 to 31 March 2023

1. STATUTORY INFORMATION

Sphere Apartments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Sphere Apartments Limited (Registered number: 13696597)

Notes to the Financial Statements - continued
for the Period 21 October 2021 to 31 March 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,000
At 31 March 2023 1,000
NET BOOK VALUE
At 31 March 2023 1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Sphere International Investments Limited
Registered office: Pasea Estate,Road Town, Tortola, British Virgin Isles
Nature of business: Property Investment
%
Class of shares: holding
Ordinary 100.00
5.4.23
£   
Profit for the year 328,768

On 8 March 2022 the entire share capital of Sphere International Investment was acquired through a share for share exchange arrangement.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,190,000
At 31 March 2023 2,190,000
NET BOOK VALUE
At 31 March 2023 2,190,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,954

Sphere Apartments Limited (Registered number: 13696597)

Notes to the Financial Statements - continued
for the Period 21 October 2021 to 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 5,714
Tax 9,119
Other creditors 1,711,679
Accruals and deferred income 1,200
1,727,712

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 Ordinary £1 1,000

1,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10. RESERVES
Retained
earnings
£   

Profit for the period 550,248
At 31 March 2023 550,248