SOVEREIGN TRUSTEE SERVICES UK LIMITED
REGISTERED NUMBER: 11869012
BALANCE SHEET
AS AT 31 MARCH 2023
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Debtors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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S Stobie
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The notes on pages 3 to 4 form part of these financial statements.
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SOVEREIGN TRUSTEE SERVICES UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023
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At 1 April 2021 (unaudited)
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Shares issued during the year
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The notes on pages 3 to 4 form part of these financial statements.
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SOVEREIGN TRUSTEE SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Sovereign Trustee Services UK Limited (11869012) is a private company limited by shares and incorporated in England and Wales. The registered office is Office 4, 3/F Coachworks Arcade, Northgate Street, Chester, England, CH1 2EY.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including directors, during the year was 3 (2022 - 3).
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Amounts owed by group undertakings
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Called up share capital not paid
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Allotted, called up and fully paid
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250,000 (2022 - 1) Ordinary shares of £1.00 each
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The Company issued and allotted 249,999 Ordinary shares of £1 each of which 150,000 Ordinary shares of £1 each were allotted as unpaid.
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SOVEREIGN TRUSTEE SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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Related party transactions
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Included in Amounts owed by group undertakings is is a interest free loan of £100,000 (2022: £NIL) given by the Company to its parent company, The Sovereign Group Ltd.
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The Company is a wholly owned subsidiary of The Sovereign Group Ltd, which is registered in the Isle of Man and prepares consolidated accounts. The group's consolidated accounts can be obtained at 4 Christian Road, Douglas, Isle of Man, IM1 2SD.
The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.
The audit report was signed on 27 October 2023 by Shilen Manek ACA FCCA (Senior statutory auditor) on behalf of Simmons Gainsford LLP.
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