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FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

AANDASPHERE LTD

AANDASPHERE LTD (REGISTERED NUMBER: 13603256)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

AANDASPHERE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: H Brown
D Scheinmann





REGISTERED OFFICE: Russell House
140 High Street
Edgware
Middlesex





REGISTERED NUMBER: 13603256 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
55 Loudoun Road
St Johns Wood
London
NW8 0DL

AANDASPHERE LTD (REGISTERED NUMBER: 13603256)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,598 1,635
Investments 5 6,302 5,480
9,900 7,115

CURRENT ASSETS
Debtors 6 759 4,679
Cash at bank and in hand 6,936 10,889
7,695 15,568
CREDITORS
Amounts falling due within one year 7 (1,080 ) (1,889 )
NET CURRENT ASSETS 6,615 13,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,515

20,794

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 9 20,490 20,490
Retained earnings 9 (4,075 ) 204
SHAREHOLDERS' FUNDS 16,515 20,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

AANDASPHERE LTD (REGISTERED NUMBER: 13603256)

BALANCE SHEET - continued
30 SEPTEMBER 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 July 2024 and were signed on its behalf by:





D Scheinmann - Director


AANDASPHERE LTD (REGISTERED NUMBER: 13603256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Aandasphere 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Taxation
Taxation for the year 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Fixed asset investments
Fixed asset investments are recognised at market value at the balance sheet date. Additions are recognised at historical cost plus direct transaction costs. Increases in value during the period are reflected in the revaluation reserve, whilst impairment losses in excess of any previous revaluation gains are recorded in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

AANDASPHERE LTD (REGISTERED NUMBER: 13603256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 October 2022 1,831
Additions 2,384
At 30 September 2023 4,215
AMORTISATION
At 1 October 2022 196
Amortisation for year 421
At 30 September 2023 617
NET BOOK VALUE
At 30 September 2023 3,598
At 30 September 2022 1,635

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 October 2022 5,480
Revaluations 822
At 30 September 2023 6,302
NET BOOK VALUE
At 30 September 2023 6,302
At 30 September 2022 5,480

Cost or valuation at 30 September 2023 is represented by:

Unlisted
investments
£   
Valuation in 2022 (5,077 )
Valuation in 2023 823
Cost 10,556
6,302

AANDASPHERE LTD (REGISTERED NUMBER: 13603256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 759 4,679

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security - 809
Other creditors 1,080 1,080
1,080 1,889

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2022 204 20,490 20,694
Deficit for the year (4,279 ) (4,279 )
At 30 September 2023 (4,075 ) 20,490 16,415

10. RELATED PARTY DISCLOSURES

The company paid out £875 of expenses on behalf of the related party. The related party took drawings of £6,500 in the year and repaid £12,055 back to the company.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AANDASPHERE 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 Balance Sheet. 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, we have prepared for your approval the financial statements of Aandasphere Ltd for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet and the related notes 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 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 Aandasphere Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aandasphere Ltd and state those matters that we have agreed to state to the Board of Directors of Aandasphere Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aandasphere Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aandasphere 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 Aandasphere Ltd. You consider that Aandasphere Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aandasphere Ltd. 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 financial statements.






MGR Paris Limited
Chartered Accountants
55 Loudoun Road
St Johns Wood
London
NW8 0DL


31 July 2024