COMPANY REGISTRATION NUMBER:
15885051
|
Property Sphere Hurst Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Property Sphere Hurst Limited |
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Statement of Financial Position |
|
31 August 2025
Current assets
|
Stocks |
6,140 |
|
|
Cash at bank and in hand |
2,671 |
|
|
------- |
|
|
8,811 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
9,870 |
|
|
------- |
|
|
Net current liabilities |
|
1,059 |
|
|
------- |
|
Total assets less current liabilities |
|
(
1,059) |
|
|
------- |
|
Net liabilities |
|
(
1,059) |
|
|
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
6 |
|
90 |
|
Profit and loss account |
|
(
1,149) |
|
|
------- |
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Shareholders deficit |
|
(
1,059) |
|
|
------- |
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|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the Period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
6 May 2026
, and are signed on behalf of the board by:
|
Mr M A. Folkes |
Mr. A J. Watts Williams |
|
Director |
Director |
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Company registration number:
15885051
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Property Sphere Hurst Limited |
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Notes to the Financial Statements |
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Period from 8 August 2024 to 31 August 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 St Joseph's Abbey, Greyfriars Lane, Storrington, United Kingdom, RH20 4GJ, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Work in progress
Where the outcome of the contract can be assessed with reasonable certainty, the appropriate proportion of the total contract value is recognised in the profit and loss account. Provision is made for foreseeable losses where appropriate.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Average number of employees
During the year the average number of employees was 2, which consisted of the directors only.
5.
Creditors:
amounts falling due within one year
|
31 Aug 25 |
|
£ |
|
Accruals and deferred income |
960 |
|
Director loan accounts |
2,970 |
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Other creditors |
5,940 |
|
------- |
|
9,870 |
|
------- |
|
|
6.
Called up share capital
Issued, called up and fully paid
|
31 Aug 25 |
|
No. |
£ |
|
Ordinary shares of £ 1 each |
90 |
90 |
|
---- |
---- |
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7.
Related party transactions
During the Period the company entered into the following transactions with related parties:
|
Transaction value |
Balance owed by/(owed to) |
|
31 Aug 25 |
31 Aug 25 |
|
£ |
£ |
Folkes Architecture & Design Limited |
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|
|
------- |
------- |
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At the year end the company owed a director £2,970 in the form of a loan account. No interest has been charged on this balance and this is repayable on demand