Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04305836 D S Hamilton J Hamilton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04305836 2023-03-31 04305836 2024-03-31 04305836 2023-04-01 2024-03-31 04305836 frs-core:ShareCapital 2024-03-31 04305836 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04305836 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04305836 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04305836 frs-bus:SmallEntities 2023-04-01 2024-03-31 04305836 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04305836 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04305836 frs-core:CostValuation 2023-03-31 04305836 frs-core:CostValuation 2024-03-31 04305836 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 04305836 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-03-31 04305836 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 04305836 frs-bus:Director1 2023-04-01 2024-03-31 04305836 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04305836 frs-countries:EnglandWales 2023-04-01 2024-03-31 04305836 2022-03-31 04305836 2023-03-31 04305836 2022-04-01 2023-03-31 04305836 frs-core:ShareCapital 2023-03-31 04305836 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04305836
Sovereign Strands Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04305836
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 - 99,495
- 99,495
CURRENT ASSETS
Debtors 5 1,353 972
Cash at bank and in hand - 981
1,353 1,953
Creditors: Amounts Falling Due Within One Year 6 (4,001 ) (4,601 )
NET CURRENT ASSETS (LIABILITIES) (2,648 ) (2,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,648 ) 96,847
NET (LIABILITIES)/ASSETS (2,648 ) 96,847
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (2,748 ) 96,747
SHAREHOLDERS' FUNDS (2,648) 96,847
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
D S Hamilton
Director
12 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sovereign Strands Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04305836 . The registered office is Unit 5 Denton Business Park Windmill Lane, Denton, Manchester, M34 3SP.
The company ceased trading on 31 March 2024.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the balance sheet date the company was insolvent and had ceased trading.  Once the company's affairs are in the order the director intends to have the company removed from the register.  In these circumstances the financial statements have been prepared on  break up basis. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.4. Taxation
Taxation
Taxation for the year 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 year 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. Average Number of Employees
Average number of employees during the year was: 2 (2023: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 April 2023 99,495
As at 31 March 2024 99,495
Provision
As at 1 April 2023 -
Impairment losses 99,495
As at 31 March 2024 99,495
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 99,495
Investments in subsidiary undertakings are recognised at cost.
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 1,353 972
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 4,001 4,601
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4