1 May 2024 false No description of principal activity Taxfiler 2024.6 10725534 business:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10725534 2024-04-30 10725534 2024-05-01 2025-04-30 10725534 business:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 10725534 business:FilletedAccounts 2024-05-01 2025-04-30 10725534 2025-04-30 10725534 business:Director1 2024-05-01 2025-04-30 10725534 business:RegisteredOffice 2024-05-01 2025-04-30 10725534 2024-04-30 10725534 core:WithinOneYear 2025-04-30 10725534 core:WithinOneYear 2024-04-30 10725534 core:ShareCapital core:PreviouslyStatedAmount 2025-04-30 10725534 core:ShareCapital core:PreviouslyStatedAmount 2024-04-30 10725534 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-04-30 10725534 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-04-30 10725534 core:PreviouslyStatedAmount 2025-04-30 10725534 core:PreviouslyStatedAmount 2024-04-30 10725534 business:SmallEntities 2024-05-01 2025-04-30 10725534 countries:EnglandWales 2024-05-01 2025-04-30 10725534 core:FurnitureFittings 2024-05-01 2025-04-30 10725534 core:ComputerEquipment 2024-04-30 10725534 core:ComputerEquipment 2024-05-01 2025-04-30 10725534 core:ComputerEquipment 2025-04-30 10725534 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10725534 (England and Wales)
Sphere Game Studios Limited Unaudited accounts for the year ended 30 April 2025
Sphere Game Studios Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Sphere Game Studios Limited Company Information for the year ended 30 April 2025
Director
Adrian Mark Mulhall
Company Number
10725534 (England and Wales)
Registered Office
380A New Hythe Lane Larkfield Aylesford Kent ME20 6RZ England
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
- 3 -
Sphere Game Studios Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
384
796
Current assets
Debtors
5
-
49
Cash at bank and in hand
1,663,535
1,480,743
1,663,535
1,480,792
Creditors: amounts falling due within one year
6
(95,249)
(124,882)
Net current assets
1,568,286
1,355,910
Net assets
1,568,670
1,356,706
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,568,570
1,356,606
Shareholders' funds
1,568,670
1,356,706
For the year ending 30 April 2025 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 his 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 20 January 2026 and were signed on its behalf by
Adrian Mark Mulhall Director Company Registration No. 10725534
- 4 -
Sphere Game Studios Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Sphere Game Studios Limited is a private company, limited by shares, registered in England and Wales, registration number 10725534. The registered office is 380A New Hythe Lane, Larkfield, Aylesford, Kent, ME20 6RZ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
33.33% Straight Line method
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Sphere Game Studios Limited Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 May 2024
6,999
Additions
550
At 30 April 2025
7,549
Depreciation
At 1 May 2024
6,203
Charge for the year
962
At 30 April 2025
7,165
Net book value
At 30 April 2025
384
At 30 April 2024
796
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
-
49
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
83,863
106,193
Other creditors
6,036
5,736
Loans from directors
5,350
9,489
Accruals
-
3,464
95,249
124,882
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -