Company Registration No. 13674073 (England and Wales)
Sphere NW Ltd
Unaudited accounts
for the year ended 31 October 2024
Sphere NW Ltd
Unaudited accounts
Contents
Sphere NW Ltd
Company Information
for the year ended 31 October 2024
Director
Nicola Ann Atherton
Company Number
13674073 (England and Wales)
Registered Office
120 HARTLEY GREEN GARDENS
BILLINGE
WIGAN
GREATER MANCHESTER
WN5 7GA
ENGLAND
Sphere NW Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
3,900
1,978
Investment property
286,827
145,906
Cash at bank and in hand
2,163
7,634
Creditors: amounts falling due within one year
(283,202)
(146,643)
Net current liabilities
(280,811)
(139,009)
Total assets less current liabilities
9,916
8,875
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
9,256
8,498
Shareholders' funds
9,257
8,499
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Nicola Ann Atherton
Director
Company Registration No. 13674073
Sphere NW Ltd
Notes to the Accounts
for the year ended 31 October 2024
Sphere NW Ltd is a private company, limited by shares, registered in England and Wales, registration number 13674073. The registered office is 120 HARTLEY GREEN GARDENS, BILLINGE, WIGAN, GREATER MANCHESTER, WN5 7GA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years straight line
The directors have not carried out a valuation of the investment property at the balance sheet date as required by FRS 102, Section 16 'Investment Property'. In the absence of a fair value for the investment at the balance sheet date, it is not possible for the balance sheet to reflect the fair value of the investment property. Any consequential adjustment to the carrying amount of the investment property would be recorded in the profit and loss for the year.
Sphere NW Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 November 2023
145,906
At 31 October 2024
286,827
Amounts falling due within one year
Accrued income and prepayments
228
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,618
Loans from directors
282,992
144,845
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).