Registration number:
Sovereign Hospitality Private Limited
for the Year Ended 30 March 2024
Sovereign Hospitality Private Limited
Contents
Company Information |
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Directors' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Sovereign Hospitality Private Limited
Company Information
Directors |
Ms Kamilla Kim Mr Marcos Verissimo |
Registered office |
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Sovereign Hospitality Private Limited
Directors' Report for the Year Ended 30 March 2024
The directors present their report and the financial statements for the year ended 30 March 2024.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Construction of commercial buildings
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Sovereign Hospitality Private Limited
Profit and Loss Account for the Year Ended 30 March 2024
Note |
2024 |
2023 |
|
Turnover |
- |
- |
|
Cost of sales |
- |
( |
|
Gross loss |
- |
( |
|
Administrative expenses |
( |
( |
|
Operating loss |
(2,326) |
(57,781) |
|
Loss before tax |
( |
( |
|
Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Sovereign Hospitality Private Limited
Statement of Comprehensive Income for the Year Ended 30 March 2024
2024 |
2023 |
|
Loss for the year |
( |
( |
Total comprehensive income for the year |
( |
( |
Sovereign Hospitality Private Limited
(Registration number: 11021542)
Balance Sheet as at 30 March 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Investment property |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
- |
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
4,410,000 |
4,410,000 |
|
Retained earnings |
165,460 |
167,786 |
|
Shareholders' funds |
4,575,460 |
4,577,786 |
For the financial year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
Sovereign Hospitality Private Limited
(Registration number: 11021542)
Balance Sheet as at 30 March 2024
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Sovereign Hospitality Private Limited
Statement of Changes in Equity for the Year Ended 30 March 2024
Share capital |
Retained earnings |
Total |
|
At 31 March 2023 |
|
|
|
Loss for the year |
- |
( |
( |
At 30 March 2024 |
|
|
|
Share capital |
Retained earnings |
Total |
|
At 31 March 2022 |
|
|
|
Loss for the year |
- |
( |
( |
At 30 March 2023 |
4,410,000 |
167,786 |
4,577,786 |
Sovereign Hospitality Private Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Sovereign Hospitality Private Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2024 |
|
At 31 March |
|
At 30 March |
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If investment property had not been revalued it would have been included at the following historical cost - £ 11,802,017
Debtors |
Current |
2024 |
2023 |
Prepayments |
|
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Other debtors |
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Sovereign Hospitality Private Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
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Trade creditors |
|
|
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
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Accruals and deferred income |
- |
|
|
|
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Creditors: amounts falling due after more than one year
2024 |
2023 |
|
Due after one year |
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Other non-current financial liabilities |
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