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REGISTERED NUMBER: 06181599 (England and Wales)















Sovereign Group (UK) Limited

Unaudited Financial Statements

For The Year Ended

31st March 2025






Sovereign Group (UK) Limited (Registered number: 06181599)

Contents of the Financial Statements
For The Year Ended 31st March 2025










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


Sovereign Group (UK) Limited (Registered number: 06181599)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,620 60,436
Investments 5 53,000 53,000
107,620 113,436

CURRENT ASSETS
Debtors 6 1,152,989 1,132,026
Cash at bank 10,927 14,926
1,163,916 1,146,952
CREDITORS
Amounts falling due within one year 7 37,305 50,200
NET CURRENT ASSETS 1,126,611 1,096,752
TOTAL ASSETS LESS CURRENT LIABILITIES 1,234,231 1,210,188

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,234,131 1,210,088
SHAREHOLDERS' FUNDS 1,234,231 1,210,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th July 2025 and were signed by:





C G Davey - Director


Sovereign Group (UK) Limited (Registered number: 06181599)

Notes to the Financial Statements
For The Year Ended 31st March 2025


1. STATUTORY INFORMATION

Sovereign Group (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06181599

Registered office: 8 Hopper Way
Diss
Norfolk
IP22 4GT

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net receivable sales of services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 2% on cost
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

Sovereign Group (UK) Limited (Registered number: 06181599)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2025


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2024 31,048 67,912 7,564 249,436 355,960
Additions - 2,573 - 478 3,051
At 31st March 2025 31,048 70,485 7,564 249,914 359,011
DEPRECIATION
At 1st April 2024 9,315 52,498 7,429 226,282 295,524
Charge for year 621 2,326 34 5,886 8,867
At 31st March 2025 9,936 54,824 7,463 232,168 304,391
NET BOOK VALUE
At 31st March 2025 21,112 15,661 101 17,746 54,620
At 31st March 2024 21,733 15,414 135 23,154 60,436

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2025 2024
£    £   
Brought forward 53,000 53,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,152,989 1,132,026

Included in other debtors figure is £775 (2024 : £46) relating to a deferred tax asset.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,477 16,721
Taxation and social security 8,879 -
Other creditors 26,949 33,479
37,305 50,200

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

The amount due from Property 192 Ltd at the year end is £1,148,659 (2024 - £1,122,566), there are no set repayment terms for this loan..

At the year end the company owed the director £20,142 (2024 - £26,727) relating to an interest free loan included in other creditors, there are no set repayment terms for this loan.