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Company Registration No. 9097496 (England and Wales)
Sovereign Freehold Ltd Unaudited accounts for the year ended 31 December 2024
Sovereign Freehold Ltd Unaudited accounts Contents
Page
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Sovereign Freehold Ltd Company Information for the year ended 31 December 2024
Director
D B Devonald
Secretary
D B Devonald
Company Number
9097496 (England and Wales)
Registered Office
59 Dukes Wood Avenue Gerrards Cross SL9 7JY
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Sovereign Freehold Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
138,289 
138,289 
Current assets
Debtors
493 
233 
Cash at bank and in hand
1,194 
511 
1,687 
744 
Creditors: amounts falling due within one year
(4,945)
(2,830)
Net current liabilities
(3,258)
(2,086)
Total assets less current liabilities
135,031 
136,203 
Creditors: amounts falling due after more than one year
(109,866)
(106,146)
Net assets
25,165 
30,057 
Capital and reserves
Called up share capital
1,041 
1,041 
Share premium
40,280 
40,280 
Profit and loss account
(16,156)
(11,264)
Shareholders' funds
25,165 
30,057 
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 January 2025 and were signed on its behalf by
D B Devonald Director Company Registration No. 9097496
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Sovereign Freehold Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Sovereign Freehold Ltd is a private company, limited by shares, registered in England and Wales, registration number 9097496. The registered office is 59 Dukes Wood Avenue, Gerrards Cross, SL9 7JY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises rent receivable and other income arising from investment properties. Rental income is recognised in accordance with the terms of the lease. Turnover is recognised at the fair value of the consideration recieved or receivable for rental income charged to external customers in the ordinary nature of the business. Turnover is shown net of value added tax.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
138,289 
At 31 December 2024
138,289 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
493 
233 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
4,945 
2,830 
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Sovereign Freehold Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
109,866 
106,146 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
21 Ordinary C shares of £1 each
21 
21 
20 Ordinary D shares of £1 each
20 
20 
1,041 
1,041 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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