Company registration number: 02913930
Unaudited financial statements
for the year ended 31 December 2024
for
Sphere Entertainment Limited
Pages for filing with the Registrar
Company registration number: 02913930
Sphere Entertainment Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 25,852 8,024
Investments 5 937,634 938,384
963,486 946,408
Current assets
Debtors 2,094,264 2,928,903
Cash at bank and in hand 1,287,647 1,082,705
3,381,911 4,011,608
Creditors: amounts falling due within one
year 		(709,904) (336,034)
Net current assets 2,672,007 3,675,574
Total assets less current liabilities 3,635,493 4,621,982
Provisions for liabilities 84 (1,844)
NET ASSETS 3,635,577 4,620,138
Capital and reserves
Called up share capital 1,250,000 1,250,000
Other reserves 4,999 4,999
Profit and loss account 2,380,578 3,365,139
TOTAL EQUITY 3,635,577 4,620,138
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 02913930
Sphere Entertainment Limited
Balance sheet - continued
as at 31 December 2024
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 8 December 2025 and signed on its behalf by:
A Taylor, Director
8 December 2025
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Sphere Entertainment Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Sphere Entertainment Limited is a private company registered in England and Wales. Its registered number is 02913930. The company is limited by shares. Its registered office is Eventus, Sunderland Road, Market Deeping, PE6 8FD.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Sphere Entertainment Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 5% straight line
Motor vehicles - 25% straight line
Computer equipment - 10% straight line
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Sphere Entertainment Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in a non-derivative financial instrument that is equity of the issuer is publicly traded or the fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially measured at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Taxation
Taxation for the year comprises current and deferred taxation. 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.
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Sphere Entertainment Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 7 (2023 - 7).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 106,575
Additions 31,148
Disposals (200)
At 31 December 2024 137,523
Depreciation
At 1 January 2024 98,551
Charge for year 13,230
Eliminated on disposal (110)
At 31 December 2024 111,671
Net book value
At 31 December 2024 25,852
At 31 December 2023 8,024
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Sphere Entertainment Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests 		Other
investments
other than
loans 		Totals
£ £ £
Cost
At 1 January 2024 750 937,634 938,384
Disposals (750) - (750)
At 31 December 2024 - 937,634 937,634
Net book value
At 31 December 2024 - 937,634 937,634
At 31 December 2023 750 937,634 938,384
6 Secured debts
There is an overdraft facility of £100,000 for Sphere Entertainment Ltd to which the following securities apply:
22/03/99 HSBC Private Bank (UK) Ltd (Samuel Montague & Co Ltd) for all monies due or to become due from the company.

Debenture - Given by The Inn on the Green Ltd including Fixed Equitable Charge over all present and future freehold and leasehold property; Fixed First Charge over, among other things, book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future.
16/01/02 HSBC Private Bank (UK) Ltd for all monies due or to become due from the company.

Debenture - Given by Sphere Entertainment Ltd including Fixed Equitable Charge over all present and future freehold and leasehold property; Fixed First Charge over, among other things, book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future.
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Sphere Entertainment Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
7 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
A J Taylor
Balance outstanding at start of year (5,385) (5,530)
Amounts advanced 330,783 76,103
Amounts repaid (340,601) (75,958)
Balance outstanding at end of year (15,203) (5,385)
Amounts advanced by / to the director are classified as current creditors / debtors and are repayable on demand, no interest is charged on amounts advanced.
8 Related party transactions
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.
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