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Registered number: 02295540 SOVEREIGN TRAVEL AND LEISURE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 OCTOBER 2025
SOVEREIGN TRAVEL AND LEISURE LIMITED COMPANY INFORMATION
Director | J Radcliffe
Registered number | 02295540
Registered office | 8th Floor Becket House
| 36 Old Jewry
| London
| EC2R 8DD
Accountants | Xeinadin London Limited
| 8th Floor
| Becket House
| 36 Old Jewry
| London
| EC2R 8DD
SOVEREIGN TRAVEL AND LEISURE LIMITED CONTENTS
| Page
Statement of financial position | 1 - 2
Notes to the financial statements | 3 - 8
SOVEREIGN TRAVEL AND LEISURE LIMITED REGISTERED NUMBER: 02295540 STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 481 |  | 641
|  |  | 481 |  | 641
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 546,529 |  | 433,125 |
Cash at bank and in hand |  | 35,853 |  | 99,499 |
|  | 582,382 |  | 532,624 |
Creditors: amounts falling due within one year | 7 | (516,598) |  | (348,196) |
Net current assets |  |  | 65,784 |  | 184,428
Total assets less current liabilities |  |  | 66,265 |  | 185,069
Provisions for liabilities |  |  |  |  |
Deferred tax |  | - |  | (216) |
|  |  | - |  | (216)
Net assets |  |  | 66,265 |  | 184,853
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 30,000 |  | 30,000
Profit and loss account | 8 |  | 36,265 |  | 154,853
|  |  | 66,265 |  | 184,853
Page 1
SOVEREIGN TRAVEL AND LEISURE LIMITED REGISTERED NUMBER: 02295540 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 OCTOBER 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2026.
J Radcliffe
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
SOVEREIGN TRAVEL AND LEISURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. | General information
Sovereign Travel and Leisure Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The nature of the Company's operations and principal activities continued to be that of providing services as a travel agent and a tour operator. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Retail turnover represents the commission receivable by the Company on the transaction in which, for this purpose, it is regarded as acting as an agent.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 3
SOVEREIGN TRAVEL AND LEISURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.6 | Advance receipts and payments
All revenue received relating to bookings that depart after the balance sheet date is treated as advance receipts and is separately disclosed under accruals and deferred income. Payments made to suppliers relating to bookings that depart after the balance sheet date are treated as advance payments and are separately disclosed under prepayments and accrued income.
| 2.7 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
SOVEREIGN TRAVEL AND LEISURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, . Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | over the term of the lease
|  |  |  | Plant and machinery | - | 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.
| 2.11 | Creditors
Short-term 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.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.13 | Financial instruments
The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares. Page 5
SOVEREIGN TRAVEL AND LEISURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.14 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 3).
4. | Exceptional items
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Exceptional items - intercompany write off | 69,789 | -
|  | 69,789 | -
| The exceptional item represents the write-off of an inter-company balance.
5. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost or valuation |
| At 1 November 2024 | 10,076
| At 31 October 2025 | 10,076
| Depreciation |
| At 1 November 2024 | 9,435
| Charge for the year on owned assets | 160
| At 31 October 2025 | 9,595
| Net book value |
| At 31 October 2025 | 481
| At 31 October 2024 | 641
Page 6
SOVEREIGN TRAVEL AND LEISURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 126,187 | 2,174
| Amounts owed by group undertakings | - | 69,789
| Other debtors | 85,996 | 48,268
| Prepayments and accrued income | 323,086 | 312,894
| Deferred taxation | 11,260 | -
|  | 546,529 | 433,125
| Prepayments and accrued income includes advanced payments to suppliers for departures after the balance sheet date amounting to £319,177 (2024: £309,198).
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 88,829 | 4,953
| Corporation tax | 5,320 | 6,194
| Other taxation and social security | 621 | 899
| Other creditors | 11,119 | 90
| Accruals and deferred income | 410,709 | 336,060
|  | 516,598 | 348,196
| Accruals and deferred income includes advanced receipts from customers for departures after the balance sheet date amounting to £405,002 (2024: £331,560).
8. | Reserves
Profit and loss account Profit and loss includes all current and prior year retained profits.
9. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £18,094 (2024: £3,993). Page 7
SOVEREIGN TRAVEL AND LEISURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
10. | Related party transactions
| The Company has taken advantage of the exemption to disclose related party transactions with companies that are wholly owned within the Group.
Page 8