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REGISTERED NUMBER: 08134565 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sovereign Property Facilities Ltd

Sovereign Property Facilities Ltd (Registered number: 08134565)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sovereign Property Facilities Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr G Williams





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 08134565 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Sovereign Property Facilities Ltd (Registered number: 08134565)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,982 1,597
Investments 5 10,000 10,000
13,982 11,597

CURRENT ASSETS
Debtors 6 102,177 137,857
Cash at bank 124,999 91,846
227,176 229,703
CREDITORS
Amounts falling due within one year 7 66,097 80,338
NET CURRENT ASSETS 161,079 149,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,061

160,962

CREDITORS
Amounts falling due after more than one year 8 - 8,980
NET ASSETS 175,061 151,982

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 175,055 151,976
175,061 151,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 July 2024 and were signed by:



Mr G Williams - Director


Sovereign Property Facilities Ltd (Registered number: 08134565)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sovereign Property Facilities Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 5,011 1,239 3,140 9,390
Additions 2,979 - 879 3,858
At 31 March 2024 7,990 1,239 4,019 13,248
DEPRECIATION
At 1 April 2023 4,822 583 2,388 7,793
Charge for year 940 164 369 1,473
At 31 March 2024 5,762 747 2,757 9,266
NET BOOK VALUE
At 31 March 2024 2,228 492 1,262 3,982
At 31 March 2023 189 656 752 1,597

Sovereign Property Facilities Ltd (Registered number: 08134565)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 10,000
At 31 March 2023 10,000

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 1,048 37,857
Other debtors 1,129 -
2,177 37,857

Amounts falling due after more than one year:
Other debtors 100,000 100,000

Aggregate amounts 102,177 137,857

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 3,968
Trade creditors 45,183 65,443
Taxation and social security 20,794 10,806
Other creditors 120 121
66,097 80,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 8,980