Acorah Software Products - Accounts Production 16.2.850 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12212346 Mr Vikrant Pratap Mr John Fitzgerald Mr Tristan Mawdsley Mr Ronan Loftus Mr Kerry Brozyna iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12212346 2023-09-30 12212346 2024-09-30 12212346 2023-10-01 2024-09-30 12212346 frs-core:CurrentFinancialInstruments 2024-09-30 12212346 frs-core:Non-currentFinancialInstruments 2024-09-30 12212346 frs-core:OtherReservesSubtotal 2024-09-30 12212346 frs-core:SharePremium 2024-09-30 12212346 frs-core:ShareCapital 2024-09-30 12212346 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12212346 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12212346 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12212346 frs-bus:SmallEntities 2023-10-01 2024-09-30 12212346 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12212346 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12212346 frs-core:UnlistedNon-exchangeTraded 2024-09-30 12212346 frs-core:UnlistedNon-exchangeTraded 2023-09-30 12212346 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 12212346 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 12212346 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 12212346 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 12212346 frs-bus:Director1 2023-10-01 2024-09-30 12212346 frs-bus:Director2 2023-10-01 2024-09-30 12212346 frs-bus:Director5 2023-10-01 2024-09-30 12212346 frs-bus:Director6 2023-10-01 2024-09-30 12212346 frs-bus:Director7 2023-10-01 2024-09-30 12212346 frs-countries:EnglandWales 2023-10-01 2024-09-30 12212346 2022-09-30 12212346 2023-09-30 12212346 2022-10-01 2023-09-30 12212346 frs-core:CurrentFinancialInstruments 2023-09-30 12212346 frs-core:Non-currentFinancialInstruments 2023-09-30 12212346 frs-core:OtherReservesSubtotal 2023-09-30 12212346 frs-core:SharePremium 2023-09-30 12212346 frs-core:ShareCapital 2023-09-30 12212346 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12212346
Sfera Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
OnTheGo Accountants
330 Holborn Gate
High Holborn
London
WC1V 7QH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12212346
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 100 100
100 100
CURRENT ASSETS
Debtors 5 5,223,558 3,882,996
Cash at bank and in hand 279,305 242,081
5,502,863 4,125,077
NET CURRENT ASSETS (LIABILITIES) 5,502,863 4,125,077
TOTAL ASSETS LESS CURRENT LIABILITIES 5,502,963 4,125,177
Creditors: Amounts Falling Due After More Than One Year 6 - (3,006,480 )
NET ASSETS 5,502,963 1,118,697
CAPITAL AND RESERVES
Called up share capital 7 3,064 1,166
Share premium account 6,186,859 1,346,788
Other reserves - 352,431
Profit and Loss Account (686,960 ) (581,688 )
SHAREHOLDERS' FUNDS 5,502,963 1,118,697
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Page 2
For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vikrant Pratap
Director
23/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sfera Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12212346 . The registered office is 14 Cotton's Gardens, London, E2 8DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors anticipate that, as in prior years, the Company is able to continue to raise financing through equity and debt, so on this basis the directors have prepared the financial statements on the going concern basis. Further details are provided in the notes to the financial statements.
2.3. Financial Instruments
Financial Asset: A financial asset is any asset that is cash, an equity instrument of another entity, a contractual right to receive cash or another financial asset from another entity, or a contractual right to exchange financial instruments with another entity under conditions that are potentially favourable.
Financial Liability: A financial liability is any liability that is a contractual obligation to deliver cash or another financial asset to another entity or to exchange financial instruments with another entity under conditions that are potentially unfavourable.
Equity Instrument: An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.
Recognition and Measurement
Financial instruments are recognised when the entity becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are initially measured at their transaction price (including transaction costs, unless it is a financial instrument that is subsequently measured at fair value through profit or loss), unless the arrangement constitutes a financing transaction. Financing transactions are measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Derecognition
A financial asset is derecognised when the contractual rights to the cash flows from the asset expire or are settled. A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled, or expires.
Impairment of Financial Assets
At the end of each reporting period, financial assets not carried at fair value through profit or loss are assessed for indicators of impairment. If evidence of impairment exists, an impairment loss is recognised in the profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 3)
- 3
4. Investments
Unlisted
£
Cost
As at 1 October 2023 100
As at 30 September 2024 100
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 100
As at 1 October 2023 100
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Investments in shares are included at cost less impairment.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,049,935 3,739,883
Directors' loan accounts 173,623 143,113
5,223,558 3,882,996
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 3,006,480
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,064 1,166
8. Financial Instruments
Convertible Loan Notes
During the period no additional notes were issued.
The convertible loans are convertible to the most senior share class at the holders discretion, subject to the terms outlined in the loan agreements.
The convertible loans and accrued interest were converted to equity 7 June 2024. At 30 September 2024 there were no convertible loans outstanding.
9. Related Party Transactions
Included within Debtors are loans to directors totalling £173,623. The loan advances are repayable by 31 December 2027.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 paragraph 33.1A, not to disclose related party transactions with wholly owned subsidiaries within the group.  
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