Acorah Software Products - Accounts Production 16.6.950 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 11455181 Mr Daniel Thompson Ms Colette Langhorn Miss Emma Thompson Thompson Capital Group Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11455181 2024-07-31 11455181 2025-07-31 11455181 2024-08-01 2025-07-31 11455181 frs-core:CurrentFinancialInstruments 2025-07-31 11455181 frs-core:Non-currentFinancialInstruments 2025-07-31 11455181 frs-core:BetweenOneFiveYears 2025-07-31 11455181 frs-core:ComputerEquipment 2025-07-31 11455181 frs-core:ComputerEquipment 2024-08-01 2025-07-31 11455181 frs-core:ComputerEquipment 2024-07-31 11455181 frs-core:FurnitureFittings 2025-07-31 11455181 frs-core:FurnitureFittings 2024-08-01 2025-07-31 11455181 frs-core:FurnitureFittings 2024-07-31 11455181 frs-core:MotorVehicles 2025-07-31 11455181 frs-core:MotorVehicles 2024-08-01 2025-07-31 11455181 frs-core:MotorVehicles 2024-07-31 11455181 frs-core:PlantMachinery 2025-07-31 11455181 frs-core:PlantMachinery 2024-08-01 2025-07-31 11455181 frs-core:PlantMachinery 2024-07-31 11455181 frs-core:WithinOneYear 2025-07-31 11455181 frs-core:OtherReservesSubtotal 2025-07-31 11455181 frs-core:ShareCapital 2025-07-31 11455181 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 11455181 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 11455181 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 11455181 frs-bus:SmallEntities 2024-08-01 2025-07-31 11455181 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 11455181 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 11455181 1 2024-08-01 2025-07-31 11455181 frs-core:ListedExchangeTraded 2025-07-31 11455181 frs-core:ListedExchangeTraded 2024-07-31 11455181 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-07-31 11455181 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-07-31 11455181 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-07-31 11455181 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2025-07-31 11455181 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-07-31 11455181 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-07-31 11455181 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-07-31 11455181 frs-bus:Director1 2024-08-01 2025-07-31 11455181 frs-bus:Director2 2024-08-01 2025-07-31 11455181 frs-bus:Director3 2024-08-01 2025-07-31 11455181 frs-countries:EnglandWales 2024-08-01 2025-07-31 11455181 2023-07-31 11455181 2024-07-31 11455181 2023-08-01 2024-07-31 11455181 frs-core:CurrentFinancialInstruments 2024-07-31 11455181 frs-core:Non-currentFinancialInstruments 2024-07-31 11455181 frs-core:BetweenOneFiveYears 2024-07-31 11455181 frs-core:WithinOneYear 2024-07-31 11455181 frs-core:OtherReservesSubtotal 2024-07-31 11455181 frs-core:ShareCapital 2024-07-31 11455181 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 11455181
Sovereign Wealth Midlands Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Thomas & Co International Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11455181
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72,955 111,908
Investments 5 236,100 129,185
309,055 241,093
CURRENT ASSETS
Debtors 6 8,009 66,636
Cash at bank and in hand 70,127 74,941
78,136 141,577
Creditors: Amounts Falling Due Within One Year 7 (251,493 ) (155,382 )
NET CURRENT ASSETS (LIABILITIES) (173,357 ) (13,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES 135,698 227,288
Creditors: Amounts Falling Due After More Than One Year 8 (15,932 ) (31,828 )
NET ASSETS 119,766 195,460
CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves (63,578 ) (26,376 )
Profit and Loss Account 183,244 221,736
SHAREHOLDERS' FUNDS 119,766 195,460
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For the year ending 31 July 2025 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 Daniel Thompson
Director
14/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sovereign Wealth Midlands Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11455181 . The registered office is 1 Holly House Mill Street, Uppermill, Oldham, Greater Manchester, OL3 6LZ.
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.
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 10% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Financial Instruments
The company accounts for its financial transactions in accordance with Section 11 of FRS 102.  The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties. 
Financial assets that are measured at fair value based on the market value of the investments.  Fair value changes are recognised within other comprehensive income.  If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.  Short term debtors and creditors are measured at the transaction price.  Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 7)
9 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 30,832 134,104 37,094 17,127 219,157
Additions - - 509 2,899 3,408
Disposals - (51,084 ) (3,806 ) (6,872 ) (61,762 )
As at 31 July 2025 30,832 83,020 33,797 13,154 160,803
Depreciation
As at 1 August 2024 8,262 60,388 26,504 12,095 107,249
Provided during the period 3,083 14,486 8,170 2,887 28,626
Disposals - (38,353 ) (3,709 ) (5,965 ) (48,027 )
As at 31 July 2025 11,345 36,521 30,965 9,017 87,848
Net Book Value
As at 31 July 2025 19,487 46,499 2,832 4,137 72,955
As at 1 August 2024 22,570 73,716 10,590 5,032 111,908
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5. Investments
Listed
£
Cost or Valuation
As at 1 August 2024 129,185
Additions 101,307
Disposals (31,593 )
Revaluations 37,201
As at 31 July 2025 236,100
Provision
As at 1 August 2024 -
As at 31 July 2025 -
Net Book Value
As at 31 July 2025 236,100
As at 1 August 2024 129,185
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 58,451
Other debtors 8,009 8,185
8,009 66,636
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,943 11,100
Trade creditors 3,088 -
Bank loans and overdrafts 8,739 13,873
Other loans 3,939 -
Amounts owed to participating interests 80,051 51
Other creditors 40,505 26,853
Taxation and social security 105,228 103,505
251,493 155,382
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 15,932 23,052
Bank loans - 8,776
15,932 31,828
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,943 11,100
Later than one year and not later than five years 15,932 23,052
25,875 34,152
25,875 34,152
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
During the financial year dividends of £333,113 were declared to Thompson Capital Group Ltd who is the 100% shareholder of Sovereign Wealth Midlands Ltd
12. Ultimate Controlling Party
The company's ultimate controlling party is Thompson Capital Group Ltd by virtue of its 100% of the issued share capital in the company.
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