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REGISTERED NUMBER: 12336981 (England and Wales)















SOV HOLDINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






SOV HOLDINGS LTD (REGISTERED NUMBER: 12336981)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOV HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: R J Davis
M Davis
J Davis
J Davis
G Davis
G Davis
E E Davis
B Davis





REGISTERED OFFICE: Riverside House
Maple Drive
Dyffryn Business Park
Ystrad Mynach
Caerphilly
CF82 7UA





REGISTERED NUMBER: 12336981 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

SOV HOLDINGS LTD (REGISTERED NUMBER: 12336981)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 934,152 963,349
Investments 5 100 100
Investment property 6 410,422 -
1,344,674 963,449

CURRENT ASSETS
Debtors 7 15,212 939,357
Cash at bank 591,463 63,472
606,675 1,002,829
CREDITORS
Amounts falling due within one year 8 141,200 34,842
NET CURRENT ASSETS 465,475 967,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,810,149

1,931,436

PROVISIONS FOR LIABILITIES 4,648 9,973
NET ASSETS 1,805,501 1,921,463

SOV HOLDINGS LTD (REGISTERED NUMBER: 12336981)

BALANCE SHEET - continued
31ST DECEMBER 2024

2024 2023
as restated
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 108 108
Retained earnings 1,805,393 1,921,355
SHAREHOLDERS' FUNDS 1,805,501 1,921,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd April 2025 and were signed on its behalf by:





R J Davis - Director


SOV HOLDINGS LTD (REGISTERED NUMBER: 12336981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Sov Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


SOV HOLDINGS LTD (REGISTERED NUMBER: 12336981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2024 790,304 218,520 43,687
Additions - 10,999 2,463
At 31st December 2024 790,304 229,519 46,150
DEPRECIATION
At 1st January 2024 - 95,708 18,410
Charge for year - 31,220 6,779
At 31st December 2024 - 126,928 25,189
NET BOOK VALUE
At 31st December 2024 790,304 102,591 20,961
At 31st December 2023 790,304 122,812 25,277

SOV HOLDINGS LTD (REGISTERED NUMBER: 12336981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2024 23,749 19,605 1,095,865
Additions - 1,698 15,160
At 31st December 2024 23,749 21,303 1,111,025
DEPRECIATION
At 1st January 2024 10,390 8,008 132,516
Charge for year 3,340 3,018 44,357
At 31st December 2024 13,730 11,026 176,873
NET BOOK VALUE
At 31st December 2024 10,019 10,277 934,152
At 31st December 2023 13,359 11,597 963,349

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1st January 2024
and 31st December 2024 100
NET BOOK VALUE
At 31st December 2024 100
At 31st December 2023 100

SOV HOLDINGS LTD (REGISTERED NUMBER: 12336981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 410,422
At 31st December 2024 410,422
NET BOOK VALUE
At 31st December 2024 410,422

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 14,021 15,359
Other debtors 8 8
Directors' current accounts - 922,914
Prepayments 1,183 1,076
15,212 939,357

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 12,949 2,615
Corporation Tax 34,132 23,545
VAT 4,530 6,147
Directors' current accounts 89,589 -
Accruals and deferred income - 2,535
141,200 34,842

SOV HOLDINGS LTD (REGISTERED NUMBER: 12336981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
10 Ordinary A £1 10 10
13 Ordinary B £1 13 13
13 Ordinary C £1 13 13
13 Ordinary D £1 13 13
9 Ordinary E £1 9 9
12 Ordinary F £1 12 12
12 Ordinary G £1 12 12
12 Ordinary H £1 12 12
2 S1 £1 2 2
2 S2 £1 2 2
2 S3 £1 2 2
1 W1 £1 1 1
1 W2 £1 1 1
1 W3 £1 1 1
1 W4 £1 1 1
1 W5 £1 1 1
1 W6 £1 1 1
1 W7 £1 1 1
1 W8 £1 1 1
108 108

10. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- R J Davis was owed £8,904 (2023:£Nil)
- J Davis was owed £8,911 (2023:£Nil)
- M Davis was owed £12,091(2023 the director owed the company £42,433)
- E E Davis was owed £12,087 (2023 the director owed the company £32,282)
- G Davis was owed £11,740 (2023 £745,067)
- B Davis was owed £12,063 (2023 the director owed the company £39,263)
- G Davis was owed £11,730 (2023 the director owed the company £32,862)
- J Davis was owed £12,061 (2023 the director owed the company £31,007)

During the year the company received rent of £77,808 (2023:£77,808) and Management fees of £62,400 (2023 : £62,400) from Sov Print Limited a company in which Sov Holdings Ltd has a controlling interest.

The company had an outstanding intercompany loan debtor at the year end due to Sov Print Ltd of £Nil, (2023:£Nil).

Included within Trade Debtors was £14,021 owed from Sov Print at the year end (2023 : £15,359).