Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31false2022-11-01No description of principal activity21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02295554 2022-11-01 2023-10-31 02295554 2021-11-01 2022-10-31 02295554 2023-10-31 02295554 2022-10-31 02295554 c:CompanySecretary1 2022-11-01 2023-10-31 02295554 c:Director2 2022-11-01 2023-10-31 02295554 c:Director3 2022-11-01 2023-10-31 02295554 c:Director3 2023-10-31 02295554 c:RegisteredOffice 2022-11-01 2023-10-31 02295554 d:CurrentFinancialInstruments 2023-10-31 02295554 d:CurrentFinancialInstruments 2022-10-31 02295554 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 02295554 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 02295554 d:ShareCapital 2023-10-31 02295554 d:ShareCapital 2022-10-31 02295554 d:RetainedEarningsAccumulatedLosses 2023-10-31 02295554 d:RetainedEarningsAccumulatedLosses 2022-10-31 02295554 c:FRS102 2022-11-01 2023-10-31 02295554 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02295554 c:FullAccounts 2022-11-01 2023-10-31 02295554 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02295554 2 2022-11-01 2023-10-31 02295554 6 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 02295554










SOVEREIGN TRAVEL & LEISURE GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SOVEREIGN TRAVEL & LEISURE GROUP LIMITED
 
 
COMPANY INFORMATION


Directors
W J Chapman 
S J Gowenlock (appointed 22 August 2023)




Company secretary
W J Chapman



Registered number
02295554



Registered office
8th Floor Becket House
36 Old Jewry

London

EC2R 8DD




Accountants
Elman Wall Limited

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
SOVEREIGN TRAVEL & LEISURE GROUP LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 
SOVEREIGN TRAVEL & LEISURE GROUP LIMITED
REGISTERED NUMBER: 02295554

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
25,002
25,002

  
25,002
25,002

Current assets
  

Debtors: amounts falling due within one year
 5 
332
2

Cash at bank and in hand
  
1,021
2,060

  
1,353
2,062

Creditors: amounts falling due within one year
 6 
(17,962)
(14,365)

Net current liabilities
  
 
 
(16,609)
 
 
(12,303)

Total assets less current liabilities
  
8,393
12,699

  

Net assets
  
8,393
12,699


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
(91,607)
(87,301)

  
8,393
12,699


Page 1

 
SOVEREIGN TRAVEL & LEISURE GROUP LIMITED
REGISTERED NUMBER: 02295554
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income statement 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: 




S J Gowenlock
Director

Date: 24 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SOVEREIGN TRAVEL & LEISURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Sovereign Travel and Leisure Group Limited is a private company limited by shares incorporated in England and Wales. The address of the Registered Office is given in the company information page of these financial statements. 
The nature of the Company's operations and principal activities continued to be the management of the group's activities and investigation of additional opportunities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The current and future financial position of the Company, its cash flows and liquidity position have been reviewed by the directors. These have been prepared with a very prudent view on the likely gradual recovery in each of the Company's operating locations and have been stress tested to ensure that cash flows and liquidity are sufficiently robust to allow the Company to continue to trade during this period.
In managing its cash flows, the Company has taken actions to manage short and longer term liquidity.
At the date of approving the financial statements, the directors are confident that the existing funding facilities will provide sufficient headroom to meet the forecast cash requirements during the twelve months from the date of approval of the financial statements having considered any additional requirements that would be contingent on a downturn in activity over the same period.
The directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SOVEREIGN TRAVEL & LEISURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).

Page 4

 
SOVEREIGN TRAVEL & LEISURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 November 2022
25,002



At 31 October 2023
25,002





5.


Debtors

2023
2022
£
£


Other debtors
332
2

332
2



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
932
985

Accruals and deferred income
17,030
13,380

17,962
14,365



7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £17,282 (2022: £17,282).

Page 5

 
SOVEREIGN TRAVEL & LEISURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Related party transactions

The company has taken advantage of the exemption to disclose related party transactions with companies that are wholly owned within the Group.


9.


Controlling party

The ultimate controlling parties are T W Chapman and S J Gowenlock.

 
Page 6