Sovereignty Media Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14412020

Sovereignty Media Limited

Filleted Unaudited Financial Statements

31 October 2025

Sovereignty Media Limited

Financial Statements

Year ended 31 October 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Sovereignty Media Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	5		1,002	1,000

Current assets

Debtors	6	1,919,426	1,678,083
Cash at bank and in hand		100	100
		------------	------------
		1,919,526	1,678,183

Creditors: amounts falling due within one year	7	16,030,089		15,495,272
		-------------		-------------
Net current liabilities			14,110,563	13,817,089
			-------------	-------------
Total assets less current liabilities			( 14,109,561)	( 13,816,089)
			-------------	-------------
Net liabilities			( 14,109,561)	( 13,816,089)
			-------------	-------------

Capital and reserves

Called up share capital	102	100
Other reserves	( 13,237,384)	( 13,414,917)
Profit and loss account	( 872,279)	( 401,272)
	-------------	-------------
Shareholders deficit	( 14,109,561)	( 13,816,089)
	-------------	-------------

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 comprehensive income has not been delivered.

For the year ending 31 October 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 .

Sovereignty Media Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

E Lebedev
Director

Company registration number: 14412020

Sovereignty Media Limited

Notes to the Financial Statements

Year ended 31 October 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 Alphabeta, 14-18 Finsbury Square, London, EC2A 1AH, England.

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 the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis, based on the ongoing support of the director and sole shareholder.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of employees including directors during the period amounted to 1 (2024: 1).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 November 2024	1,000
Additions	2
	-------
At 31 October 2025	1,002
	-------
Impairment
At 1 November 2024 and 31 October 2025	–
	-------

Carrying amount
At 31 October 2025	1,002
	-------
At 31 October 2024	1,000
	-------

During the prior year on 28 October 2024 the company purchased 100% of the share capital of ESTV Limited.

During the year on 17 April 2025 the company purchased 100% of the share capital of Independent Print Limited, and on 18 April 2025 the company purchased 100% of the share capital of Kalliste Productions Limited.

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	970,833	1,398,300
Other debtors	948,593	279,783
	------------	------------
	1,919,426	1,678,083
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	970,833	1,398,300
Other debtors	279,783	279,783
	------------	------------
	1,250,616	1,678,083
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	16,030,089	15,495,272
	-------------	-------------

8. Subsequent events

Following the yearend in January 2026, the company acquired a controlling stake in a company, and significant influence in another company.

9. Director's advances, credits and guarantees

At the balance sheet date, a director owed the company £668,810 (2024: £nil). Advances totalling £685,000 (2024: £nil) and repayments of £32,520 (2024: £nil) were made during the year. Interest of £16,330 has been charged on the loan balance monthly at HMRC's approved rates. The largest balance due to the company during the year was £668,810.

10. Related party transactions

During the year, the company granted loans totalling £nil (2024: £3,125,000) to a company related through common control. The loan is interest free. The principal amount outstanding was £13,323,000 at the yearend. The loan balances have been remeasured in the accounts to fair value using a discount rate deemed appropriate by the Director. At the balance sheet date, the carrying amount due to the company was £279,783 (2024: £279,783). During the year, the company granted loans totalling £80,000 (2024: £412,000) to and received repayments totalling £685,000 (2024: £nil) from a group company. The loan is interest free. The principal amount outstanding was £1,165,000 at the yearend. The loan balances have been remeasured in the accounts to fair value using a discount rate deemed appropriate by the Director. At the balance sheet date, the carrying amount due to the company was £970,833 (2024: £1,398,300). At the balance sheet date, the company owed £15,174,000 (2024: £15,904,000) to a Trust, of which both the company and Director are Trustees and a potential beneficiary.