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REGISTERED NUMBER: 13721900 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH NOVEMBER 2023

FOR

META SPHERE GROUP LTD

META SPHERE GROUP LTD (REGISTERED NUMBER: 13721900)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


META SPHERE GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: L R Bennellick





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





BUSINESS ADDRESS: Solution House
Unit 7 The Office Village
Forder Way, Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 13721900 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

META SPHERE GROUP LTD (REGISTERED NUMBER: 13721900)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - 14,042

CURRENT ASSETS
Debtors 6 1 17,022
Cash at bank 3 -
4 17,022
CREDITORS
Amounts falling due within one year 7 (8,243 ) (39,269 )
NET CURRENT LIABILITIES (8,239 ) (22,247 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,239 ) (8,205 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (8,240 ) (8,206 )
SHAREHOLDERS' FUNDS (8,239 ) (8,205 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th November 2024 and were signed by:





L R Bennellick - Director


META SPHERE GROUP LTD (REGISTERED NUMBER: 13721900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

META Sphere Group 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. 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.

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.

An impairment loss has been recognised in the Profit and loss account, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Computer software is being amortised evenly over its estimated useful life of nil years.

Software development costs
Software and website development costs (not research costs) are recognised at cost less impairment as internally generated intangibles only if it be can be demonstrated that:

a) the technical feasibility of completing the intangible asset so that it will be available for use or sale;

b) the intention to complete the intangible asset and use or sell it;

c) the ability to use or sell the intangible asset;

d) how the intangible asset will generate probable future economic benefits;

e) the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset;

f) the ability to measure reliably the expenditure attributable to the intangible asset during its development.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.


META SPHERE GROUP LTD (REGISTERED NUMBER: 13721900)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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

Going concern
The director has made the decision that the company is no longer required as such steps will be taken to close the company. The financial statements are therefore not a going concern and have been prepared on a basis other than going concern.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st December 2022 14,042
Impairments (14,042 )
At 30th November 2023 -
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 14,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Called up share capital not paid 1 1
Prepayments and accrued income - 17,021
1 17,022

META SPHERE GROUP LTD (REGISTERED NUMBER: 13721900)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 56
Other creditors 7,500 24,522
Directors' current accounts 743 13,551
Accrued expenses - 1,140
8,243 39,269

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 1 1

99 Ordinary shares of £1 were issued during the year for cash of £ 99 .

9. RELATED PARTY DISCLOSURES

Included in other creditors is a balance due on a directors loan account of £743 (2022: £13,551). This balance is interest free and repayable on demand.

10. POST BALANCE SHEET EVENTS

On the 20th February 2023 99 ordinary shares of £1 were issued at par.