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REGISTERED NUMBER: 13096752 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 30 November 2023

for

Sovereign Group Holdings Limited

Sovereign Group Holdings Limited (Registered number: 13096752)






Contents of the Financial Statements
for the Period 1 January 2023 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sovereign Group Holdings Limited

Company Information
for the Period 1 January 2023 to 30 November 2023







DIRECTOR: R F Evans





REGISTERED OFFICE: Units 5 - 12 Birchbrook Industrial Park
Lynn Lane
Shenstone
Lichfield
Staffordshire
WS14 0DJ





REGISTERED NUMBER: 13096752 (England and Wales)





ACCOUNTANTS: N R Penn & Co Limited
The Association Of Accounting Technicians
5 Load Street
Bewdley
Worcestershire
DY12 2AF

Sovereign Group Holdings Limited (Registered number: 13096752)

Balance Sheet
30 November 2023

30.11.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,500 4,532
Investments 5 110,933 15,268
Investment property 6 4,029,107 885,438
4,151,540 905,238

CURRENT ASSETS
Debtors 7 77,761 22
Cash in hand 13,361 3,851
91,122 3,873
CREDITORS
Amounts falling due within one year 8 370 412
NET CURRENT ASSETS 90,752 3,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,242,292

908,699

CREDITORS
Amounts falling due after more than
one year

9

1,366,681

906,973
NET ASSETS 2,875,611 1,726

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 2,875,603 1,718
2,875,611 1,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 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.

Sovereign Group Holdings Limited (Registered number: 13096752)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





R F Evans - Director


Sovereign Group Holdings Limited (Registered number: 13096752)

Notes to the Financial Statements
for the Period 1 January 2023 to 30 November 2023

1. STATUTORY INFORMATION

Sovereign Group Holdings 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.

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 - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

Sovereign Group Holdings Limited (Registered number: 13096752)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 5,665
Additions 9,550
At 30 November 2023 15,215
DEPRECIATION
At 1 January 2023 1,133
Charge for period 2,582
At 30 November 2023 3,715
NET BOOK VALUE
At 30 November 2023 11,500
At 31 December 2022 4,532

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 15,268
Additions 95,665
At 30 November 2023 110,933
NET BOOK VALUE
At 30 November 2023 110,933
At 31 December 2022 15,268

Sovereign Group Holdings Limited (Registered number: 13096752)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 November 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 885,438
Additions 3,143,669
At 30 November 2023 4,029,107
NET BOOK VALUE
At 30 November 2023 4,029,107
At 31 December 2022 885,438

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 31.12.22
£    £   
Other debtors 77,761 22

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 31.12.22
£    £   
Trade creditors 20 262
Other creditors 350 150
370 412

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 31.12.22
£    £   
Other creditors 1,366,681 906,973

10. RELATED PARTY DISCLOSURES

At 30th November 2023 the company owed £1316291 to Sovereign Refrigeration Limited a subsidiary company.