Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06987963 Mr James McDermott Mrs Anne McDermott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06987963 2023-12-31 06987963 2024-12-31 06987963 2024-01-01 2024-12-31 06987963 frs-core:CurrentFinancialInstruments 2024-12-31 06987963 frs-core:Non-currentFinancialInstruments 2024-12-31 06987963 frs-core:ComputerEquipment 2024-12-31 06987963 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06987963 frs-core:ComputerEquipment 2023-12-31 06987963 frs-core:FurnitureFittings 2024-12-31 06987963 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06987963 frs-core:FurnitureFittings 2023-12-31 06987963 frs-core:PlantMachinery 2024-12-31 06987963 frs-core:PlantMachinery 2024-01-01 2024-12-31 06987963 frs-core:PlantMachinery 2023-12-31 06987963 frs-core:ShareCapital 2024-12-31 06987963 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06987963 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06987963 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06987963 frs-bus:SmallEntities 2024-01-01 2024-12-31 06987963 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06987963 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06987963 frs-core:CostValuation 2023-12-31 06987963 frs-core:CostValuation 2024-12-31 06987963 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 06987963 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 06987963 frs-core:UnlistedNon-exchangeTraded 2024-12-31 06987963 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06987963 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06987963 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 06987963 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06987963 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 06987963 frs-bus:Director1 2024-01-01 2024-12-31 06987963 frs-bus:Director2 2024-01-01 2024-12-31 06987963 frs-countries:EnglandWales 2024-01-01 2024-12-31 06987963 2022-12-31 06987963 2023-12-31 06987963 2023-01-01 2023-12-31 06987963 frs-core:CurrentFinancialInstruments 2023-12-31 06987963 frs-core:Non-currentFinancialInstruments 2023-12-31 06987963 frs-core:ShareCapital 2023-12-31 06987963 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06987963
Sovereign Investment Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
SD Accountancy Ltd
The Lambourn
Wyndyke Furlong
Abingdon
OX14 1UJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06987963
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,979 6,616
Investments 5 343,981 343,981
347,960 350,597
CURRENT ASSETS
Debtors 6 293,270 381,796
Cash at bank and in hand 1,221 4,696
294,491 386,492
Creditors: Amounts Falling Due Within One Year 7 (525,393 ) (568,642 )
NET CURRENT ASSETS (LIABILITIES) (230,902 ) (182,150 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,058 168,447
Creditors: Amounts Falling Due After More Than One Year 8 (222,000 ) (222,000 )
NET LIABILITIES (104,942 ) (53,553 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (104,944 ) (53,555 )
SHAREHOLDERS' FUNDS (104,942) (53,553)
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James McDermott
Director
23/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sovereign Investment Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06987963 . The registered office is The Lambourn, Wyndyke Furlong, Abingdon, England, OX14 1UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 33% SL
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 2,521 15,462 22,329 40,312
Additions - - 201 201
As at 31 December 2024 2,521 15,462 22,530 40,513
Depreciation
As at 1 January 2024 1,371 12,481 19,844 33,696
Provided during the period 287 745 1,806 2,838
As at 31 December 2024 1,658 13,226 21,650 36,534
Net Book Value
As at 31 December 2024 863 2,236 880 3,979
As at 1 January 2024 1,150 2,981 2,485 6,616
Page 3
Page 4
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 January 2024 303,431 40,550 343,981
As at 31 December 2024 303,431 40,550 343,981
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 303,431 40,550 343,981
As at 1 January 2024 303,431 40,550 343,981
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,640 42,055
Amounts owed by participating interests 73,891 76,345
Other debtors - 1,867
76,531 120,267
Due after more than one year
Other debtors 216,739 261,529
293,270 381,796
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (493 ) 658
Bank loans and overdrafts 39,377 48,476
Other creditors 478,266 515,119
Taxation and social security 8,243 4,389
525,393 568,642
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 222,000 222,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4