Sovereign Property Commerce Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10862186

		31 March 2025		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		644,588		643,154

			644,588		643,154
Creditors: Amounts Falling Due Within One Year	5	(650,748 )		(649,404 )

NET CURRENT ASSETS (LIABILITIES)			(650,748 )		(649,404 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,160 )		(6,250 )

NET LIABILITIES			(6,160 )		(6,250 )

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			(6,161 )		(6,251 )

SHAREHOLDERS' FUNDS			(6,160)		(6,250)

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

U Bilaloglu

Director

28/11/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Sovereign Property Commerce Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10862186 . The registered office is 399-401 High Road, London, N17 6QN.

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. 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:

Leasehold

50 years

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Leasehold
	£
Cost
As at 1 August 2024	643,154
Additions	1,434

As at 31 March 2025	644,588

Net Book Value
As at 31 March 2025	644,588

As at 1 August 2024	643,154

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 July 2024
	£	£
Other loans	647,628	646,204
Other creditors	3,120	3,200

	650,748	649,404

Other loans included amounts owed to its parent company of £647,628 (2024: £646,204) and repayable on demand.

6. Share Capital

	31 March 2025	31 July 2024
	£	£
Allotted, Called up and fully paid	1	1

Page 2

Page 3

Sovereign Property Commerce Ltd

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 March 2025

7. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is London Islamic Culture and Recreation Society (Known as ICMG) . London Islamic Culture and Recreation Society (Known as ICMG) was incorporated in (England and Wales). Copies of the group accounts may be obtained from the secretary, 399-401 High Road, London, N17 6QN . The ultimate controlling party is London Islamic Culture and Recreation Society (Known as ICMG) who controls 100% of the shares of Sovereign Property Commerce Ltd .