IRIS Accounts Production v23.3.1.45 14101261 Board of Directors 11.5.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141012612022-05-10141012612023-08-31141012612022-05-112023-08-31141012612022-05-1014101261ns10:Originalns15:EnglandWales2022-05-112023-08-3114101261ns14:PoundSterlingns10:Original2022-05-112023-08-3114101261ns10:Originalns10:Director12022-05-112023-08-3114101261ns10:Original2022-05-112023-08-3114101261ns10:Original2023-08-3114101261ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-112023-08-3114101261ns10:Originalns10:SmallEntities2022-05-112023-08-3114101261ns10:Originalns10:AuditExemptWithAccountantsReport2022-05-112023-08-3114101261ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-112023-08-3114101261ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-112023-08-3114101261ns10:Originalns10:FullAccounts2022-05-112023-08-3114101261ns10:Originalns10:Director22022-05-112023-08-3114101261ns10:Originalns10:RegisteredOffice2022-05-112023-08-3114101261ns10:Originalns5:CurrentFinancialInstruments2023-08-3114101261ns5:ShareCapitalns10:Original2023-08-3114101261ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3114101261ns10:Originalns5:PlantMachinery2022-05-112023-08-3114101261ns10:Originalns5:PlantMachinery2023-08-3114101261ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31
REGISTERED NUMBER: 14101261 (England and Wales)















Unaudited Financial Statements

for the Period 11 May 2022 to 31 August 2023

for

Sphere Group Management Ltd

Sphere Group Management Ltd (Registered number: 14101261)






Contents of the Financial Statements
for the Period 11 May 2022 to 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountant's Report 7

Sphere Group Management Ltd

Company Information
for the Period 11 May 2022 to 31 August 2023







DIRECTORS: M Hatton
A Houston





REGISTERED OFFICE: Lombard House
Cross Keys
Lichfield
WS13 6DN





REGISTERED NUMBER: 14101261 (England and Wales)





ACCOUNTANT: Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN

Sphere Group Management Ltd (Registered number: 14101261)

Statement of Financial Position
31 August 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 176

CURRENT ASSETS
Debtors 5 119,593
Cash at bank 575
120,168
CREDITORS
Amounts falling due within one year 6 138,152
NET CURRENT LIABILITIES (17,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,808

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (17,908 )
(17,808 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 Group Management Ltd (Registered number: 14101261)

Statement of Financial Position - continued
31 August 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 31 October 2023 and were signed on its behalf by:





A Houston - Director


Sphere Group Management Ltd (Registered number: 14101261)

Notes to the Financial Statements
for the Period 11 May 2022 to 31 August 2023

1. STATUTORY INFORMATION

Sphere Group Management Ltd 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.

Computer Equipment - 10% Straight Line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Sphere Group Management Ltd (Registered number: 14101261)

Notes to the Financial Statements - continued
for the Period 11 May 2022 to 31 August 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis. This is dependent on the continued financial support of the director. At the date of signing the financial statements the director is not aware of any circumstances that would cause this support to be withdrawn.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 182
At 31 August 2023 182
DEPRECIATION
Charge for period 6
At 31 August 2023 6
NET BOOK VALUE
At 31 August 2023 176

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 118,773
Other debtors 100
Prepayments 720
119,593

Sphere Group Management Ltd (Registered number: 14101261)

Notes to the Financial Statements - continued
for the Period 11 May 2022 to 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 40,580
Amounts owed to group undertakings 84,055
VAT 6,064
Other creditors 158
Accrued expenses 7,295
138,152

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Sphere Group Management Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Sphere Group Management Ltd for the period ended 31 August 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sphere Group Management Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Sphere Group Management Ltd and state those matters that I have agreed to state to the Board of Directors of Sphere Group Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Sphere Group Management Ltd and its Board of Directors, as a body, for my work or for this report.

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

I have not been instructed to carry out an audit or a review of the financial statements of Sphere Group Management Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN


31 October 2023