REGISTERED NUMBER: 04302154 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Spherea Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

1,305,860

1,305,860

TOTAL ASSETS LESS CURRENT LIABILITIES

1,305,860

1,305,860

RESERVES

Retained earnings

6

1,305,860

1,305,860

SHAREHOLDERS' FUNDS

1,305,860

1,305,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

M J C Strover - Director

1.	STATUTORY INFORMATION

Spherea Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04302154

Registered office:

Building 400 Aviation Business Park

Bournemouth International Airport

Christchurch

Dorset

BH23 6NW

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Group financial statements

The company has not prepared group financial statements on the grounds that a consolidation is prepared and audited in France at the ultimate parent company level. The directors believe that group financial statements at the United Kingdom level would not provide useful information to the members and that the time and expense involved in preparing these financial statements would be excessive.

Accordingly, these financial statements present information about the company as an individual undertaking and not as a group.

Investments

Investments are carried at cost less any provisions made for a diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

9,061,289

PROVISIONS

At 1 January 2024

and 31 December 2024

7,755,429

NET BOOK VALUE

At 31 December 2024

1,305,860

At 31 December 2023

1,305,860

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Spherea Test & Services Limited

Registered office:

Nature of business:

%

Class of shares:

holding

Ordinary £0.01 shares

100.00

2024

2023

£

£

Aggregate capital and reserves

807,151

974,849

Loss for the year

(167,698

)

(793,542

)

The directors do not consider that any further impairment provision is required in the year ended 31 December 2023 (2022: £nil).

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£0.01

-

-

6.

RESERVES

Retained

earnings

£

At 1 January 2024

1,305,860

Profit for the year

-

At 31 December 2024

1,305,860

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8.	ULTIMATE CONTROLLING PARTY

The directors regard RIG (Number 2) Limited as the immediate parent undertaking of the company. The directors consider Financiere TMG SAS, which is a company incorporated in France, as the ultimate parent undertaking and controlling party. Copies of the parent's consolidated financial statements can be obtained from 109 Avenue General Eisenhower, CS 31100 Toulouse Cedex 1, France.