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REGISTERED NUMBER: 02312125 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

SOVEREIGN HOUSE ESTATES LIMITED

SOVEREIGN HOUSE ESTATES LIMITED (REGISTERED NUMBER: 02312125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


SOVEREIGN HOUSE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: Mr P J Castle





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 02312125 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

SOVEREIGN HOUSE ESTATES LIMITED (REGISTERED NUMBER: 02312125)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 SEPTEMBER 2022

The director presents his report with the financial statements of the company for the year ended 30 September 2022.

DIRECTOR
Mr P J Castle was the sole director during the year under review.

His beneficial interest in the issued share capital of the company was as follows:

30.9.22 1.10.21
Ordinary share £1 shares 75 75

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr P J Castle - Director


31 July 2023

SOVEREIGN HOUSE ESTATES LIMITED (REGISTERED NUMBER: 02312125)

INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2022 2021
Notes £    £   

TURNOVER 390,585 537,467

Cost of sales 95,386 72,653
GROSS PROFIT 295,199 464,814

Administrative expenses 310,282 391,430
(15,083 ) 73,384

Other operating income 13,000 103,750
OPERATING (LOSS)/PROFIT 4 (2,083 ) 177,134


Interest payable and similar expenses 41 -
(LOSS)/PROFIT BEFORE TAXATION (2,124 ) 177,134

Tax on (loss)/profit 5 - 31,863
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(2,124

)

145,271

SOVEREIGN HOUSE ESTATES LIMITED (REGISTERED NUMBER: 02312125)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 15,206 17,019

CURRENT ASSETS
Debtors 7 16,973 18,395
Cash at bank and in hand 525,609 643,878
542,582 662,273
CREDITORS
Amounts falling due within one year 8 264,970 334,350
NET CURRENT ASSETS 277,612 327,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,818

344,942

CREDITORS
Amounts falling due after more than one
year

9

-

50,000
NET ASSETS 292,818 294,942

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 292,718 294,842
SHAREHOLDERS' FUNDS 292,818 294,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 31 July 2023 and were signed by:




Mr P J Castle - Director


SOVEREIGN HOUSE ESTATES LIMITED (REGISTERED NUMBER: 02312125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Sovereign House Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents net invoiced for services rendered, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation
Provision is made for deferred taxation at current rates using the liability method to take account of all material timing differences between the incidence of income and expenditure for taxation and accounting purposes. The company has not adopted a policy of discounting deferred tax assets and liabilities.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 11 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2021 - operating profit) is stated after charging:

2022 2021
£    £   
Depreciation - owned assets 5,117 4,869

5. TAXATION

Analysis of the tax charge
The tax charge on the loss for the year was as follows:
2022 2021
£    £   
Current tax:
UK corporation tax - 34,352

Deferred tax - (2,489 )
Tax on (loss)/profit - 31,863

SOVEREIGN HOUSE ESTATES LIMITED (REGISTERED NUMBER: 02312125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2021 14,357 5,101 24,161 499 44,118
Additions - 3,803 - - 3,803
Reclassification/transfer - (5,104 ) - 4,605 (499 )
At 30 September 2022 14,357 3,800 24,161 5,104 47,422
DEPRECIATION
At 1 October 2021 14,357 3,186 9,556 - 27,099
Charge for year - 951 3,651 515 5,117
Reclassification/transfer - (3,186 ) - 3,186 -
At 30 September 2022 14,357 951 13,207 3,701 32,216
NET BOOK VALUE
At 30 September 2022 - 2,849 10,954 1,403 15,206
At 30 September 2021 - 1,915 14,605 499 17,019

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 998 6,737
Deferred tax asset 3,458 3,458
Prepayments 12,517 8,200
16,973 18,395

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 2,572 33,411
Amounts owed to participating interests 64,000 64,000
Tax 2,048 36,441
Social security and other taxes 24,598 29,531
VAT 16,103 23,260
Other creditors 46,112 43,734
Directors' current accounts 41,600 17,500
Accruals and deferred income 64,438 77,438
Accrued expenses 3,499 9,035
264,970 334,350

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years - 50,000

SOVEREIGN HOUSE ESTATES LIMITED (REGISTERED NUMBER: 02312125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary share £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 October 2021 294,842
Deficit for the year (2,124 )
At 30 September 2022 292,718

12. CONTROL AND RELATED PARTIES TRANSACTIONS

During the year, the company was jointly controlled by the directors and there was no related party transaction that required disclosure under Financial Reporting Standard number 8.