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
Sovereign Freehold Ltd
Company Information
for the year ended 31 December 2024
Company Number
9097496 (England and Wales)
Registered Office
59 Dukes Wood Avenue
Gerrards Cross
SL9 7JY
Sovereign Freehold Ltd
Statement of financial position
as at 31 December 2024
Investment property
138,289
138,289
Cash at bank and in hand
1,194
511
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)
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
Sovereign Freehold Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 January 2024
138,289
At 31 December 2024
138,289
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
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
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
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).