REGISTERED NUMBER: 05030586 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sovereign Crest Limited

Page

Company information

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

8

Directors:

M Philby

N K Smith

Registered office:

3 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Registered number:

05030586 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

Fixed assets

Tangible assets

5

276,765

326,942

Investments

6

3,199,960

199,960

Investment property

7

8,557,120

8,696,800

12,033,845

9,223,702

Current assets

Stocks

1,515,680

1,609,770

Debtors

8

26,146,886

32,155,309

Cash at bank

1,565,297

2,950,541

29,227,863

36,715,620

Creditors

Amounts falling due within one year

9

5,152,429

5,718,673

Net current assets

24,075,434

30,996,947

Total assets less current liabilities

36,109,279

40,220,649

Creditors

Amounts falling due after more than one year

10

(1,181,092

)

(1,181,092

)

Provisions for liabilities

(450,666

)

(468,481

)

Net assets

34,477,521

38,571,076

Capital and reserves

Called up share capital

12

1

1

Non-distributable reserves

1,090,394

1,160,234

Retained earnings

33,387,126

37,410,841

Shareholders' funds

34,477,521

38,571,076

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

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

The directors acknowledge their 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2026 and were signed on its behalf by:

M Philby - Director

1.	Statutory information

Sovereign Crest Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of the asset as follows:

Plant and machinery

20% reducing balance

Fixtures and fittings

15% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

5.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

100,496

422,247

-

522,743

Additions

-

-

2,330

2,330

At 31 March 2025

100,496

422,247

2,330

525,073

Depreciation

At 1 April 2024

36,179

159,622

-

195,801

Charge for year

12,863

39,394

250

52,507

At 31 March 2025

49,042

199,016

250

248,308

Net book value

At 31 March 2025

51,454

223,231

2,080

276,765

At 31 March 2024

64,317

262,625

-

326,942

6.	Fixed asset investments

2025

2024

£

£

Other investments not loans

3,199,960

199,960

Additional information is as follows:

Other

investments

£

Cost

Additions

3,000,000

At 31 March 2025

3,000,000

Net book value

At 31 March 2025

3,000,000

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

IPro Sport Holdings Limited

199,960

199,960

7.	Investment property

Total

£

Fair value

At 1 April 2024

8,696,800

Disposals

(155,000

)

Revaluations

15,320

At 31 March 2025

8,557,120

Net book value

At 31 March 2025

8,557,120

At 31 March 2024

8,696,800

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

1,546,978

Valuation in 2025

(9,680

)

Cost

7,019,822

8,557,120

8.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

26,146,886

32,155,309

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

11,898

-

Amounts owed to group undertakings

28,397

-

Taxation and social security

140,163

1,680,020

Other creditors

4,971,971

4,038,653

5,152,429

5,718,673

10.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

1,181,092

1,181,092

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,181,092

1,181,092

Bank loans are secured by fixed charges over the assets concerned.

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1

13.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

N K Smith

Balance outstanding at start of year

4,313,086

392,107

Amounts advanced

2,341,616

3,920,979

Amounts repaid

(4,508,713

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,145,989

4,313,086

Interest charged at commercial rate of 2.25%

14.	Related party disclosures

Included within other debtors are amounts owed by other related parties totalling £16,254,851 (2024:£19,469,842)

Included within other creditors are amounts owed to other related parties totalling £4,963,527 (2024:£4,029,368)

No interest is charged on these amounts.