3164745falsetrading in dairy products.2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2022-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2022-02-28http://www.companieshouse.gov.uk/cd:Director12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:MotorCars2022-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:MotorCars2023-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-02-28http://www.companieshouse.gov.uk/2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/cd:FRS1022022-03-012023-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2022-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2023-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 3164745

Sovereign Partnership Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023


Sovereign Partnership Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
D. Misirlic
REGISTERED OFFICE
The Great House
1 St Peter Street
Tiverton
Devon
EX16 6NY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 3164745

Sovereign Partnership Ltd

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Sovereign Partnership Ltd

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets252,89252,892
CURRENT ASSETS
Debtors31,093,3451,155,452
Cash at bank and in hand6441,079
1,093,9891,156,531
CREDITORS: Amounts falling due within one year4231,785306,669
NET CURRENT ASSETS862,204849,862
TOTAL ASSETS LESS CURRENT LIABILITIES915,096902,754
CAPITAL AND RESERVES
Called up share capital61010
Profit and loss account915,086902,744
SHAREHOLDERS' FUNDS915,096902,754
For the year ending 28/02/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/11/2023 and signed on their behalf by
.............................
D. Misirlic
Director

Sovereign Partnership Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
2. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsMotor CarsTotal
£££££
Cost
At 01/03/202252,89222,30618,75961,188155,145
At 28/02/202352,89222,30618,75961,188155,145
Depreciation
At 01/03/2022-22,30618,75961,188102,253
At 28/02/2023-22,30618,75961,188102,253
Net Book Amounts
At 28/02/202352,892---52,892
At 28/02/202252,892---52,892

Sovereign Partnership Ltd

3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,032,8431,155,092
VAT1,020360
Other debtors59,482-
1,093,3451,155,452
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,85730,336
Directors current account-4,781
Trade creditors221,767214,391
Other creditors5,8115,811
Accruals1,35051,350
231,785306,669
5. EMPLOYEES
20232022
No.No.
Average number of employees33
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010