NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Sovereign (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 211, 60 St Martins Lane, Covent Garden, London WC2N 4JS.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Sovereign (UK) Limited is a wholly owned subsidiary of The Sovereign Group Ltd and the results of the company are included in the consolidated financial statements of The Sovereign Group Ltd.
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue
costs. Dividend payable on equity instruments are recognised as liabilities once they are no longer at
the discretion of the company.
The company is a wholly owned subsidiary of The Sovereign Group Ltd, which is registered in the Isle of Man and prepares consolidated accounts. The group's consolidated accounts can be obtained at 4 Christian Road, Douglas, Isle of Man, IM1 2SD.
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