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COMPANY REGISTRATION NUMBER: 02073893

SOVEREIGN (FINANCIAL MANAGEMENT) LIMITED

Filleted Unaudited Financial Statements

31 March 2025

SOVEREIGN (FINANCIAL MANAGEMENT) LIMITED

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Current assets

Debtors | 5 | 273 |  | 33,203
Investments | 6 | 36,069 |  | 36,069
Cash at bank and in hand | 111,036 |  | 58,101
| --------- |  | ---------
| 147,378 |  | 127,373

Creditors: amounts falling due within one year | 7 | ( 6,458) |  | ( 7,435)
| --------- |  | ---------
Net current assets |  | 140,920 | 119,938
|  | --------- | ---------
Total assets less current liabilities |  | 140,920 | 119,938
|  | --------- | ---------
Net assets |  | 140,920 | 119,938
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | 140,820 | 119,838
|  | --------- | ---------
Shareholders funds |  | 140,920 | 119,938
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 July 2025 , and are signed on behalf of the board by:

Mr G T Mitchell |
Director |

Company registration number: 02073893

SOVEREIGN (FINANCIAL MANAGEMENT) LIMITED

Notes to the Financial Statements

Year ended 31st March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 28-30 High Street, Sevenoaks, TN13 1HX, Kent.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by revaluation of certain financial assets and liabilities measured at fair value through profit and loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key estimates and assumptions that have a significant impact on the amounts recognised in the financial statements are set out below. The company exercises judgement to determine the carrying value of investments. The fair value of unlisted investments cannot be reliably measured and therefore, it is accounted for at cost.
Revenue recognition
Revenue comprises services to external customers and is recognised when substantially all the services are completed in full performance for the consideration due. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Investments are initially recorded at cost. At each reporting date any changes in the fair value are recognised in the profit and loss, if a reliable measure of fair value is available.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment
4. Employee numbers
The average number of employees during the year was Nil.
5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 32,930
Other debtors | 273 | 273
| ---- | --------
| 273 | 33,203
| ---- | --------

6. Investments

| 2025 | 2024
| £ | £
Other investments | 36,069 | 36,069
| -------- | --------

Other investments represent shareholder in an unlisted company having an historical cost of £36,069 (2024: £36,069). The fair value of this investment cannot be reliably measured and therefore, it is accounted for at cost.
7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Accruals and deferred income | 1,596 | 1,596
Corporation tax | 4,862 | 5,839
| ------- | -------
| 6,458 | 7,435
| ------- | -------

8. Related party transactions
During the year, the company received fee income from Sovereign (Financial Services) Limited, a company in which the director and the shareholders have an interest. The fees in respect of non-regulated financial services amounted to £29,150 (2024 £32,930). At the balance sheet, the amount due from Sovereign (Financial Services) Limited was £Nil (2024 £32,930) and this is included in debtors due within one year.