Company Registration No. 12552833 (England and Wales)
Sova Property Ltd
Unaudited accounts
for the year ended 31 March 2026
Sova Property Ltd
Unaudited accounts
Contents
Sova Property Ltd
Company Information
for the year ended 31 March 2026
Company Number
12552833 (England and Wales)
Registered Office
53 Brentvale Avenue
Wembley
Middlesex
HA0 1NE
England
Sova Property Ltd
Statement of financial position
as at 31 March 2026
Investment property
962,962
-
Cash at bank and in hand
6,569
2,269
Creditors: amounts falling due within one year
(341,109)
(478,871)
Net current liabilities
(334,290)
(476,352)
Total assets less current liabilities
628,672
368,366
Creditors: amounts falling due after more than one year
(515,013)
(261,399)
Provisions for liabilities
Deferred tax
(36,830)
(36,830)
Called up share capital
1
1
Revaluation reserve
208,426
208,426
Profit and loss account
(131,598)
(138,290)
Shareholders' funds
76,829
70,137
For the year ending 31 March 2026 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2026 and were signed on its behalf by
Maciej Sowa
Director
Company Registration No. 12552833
Sova Property Ltd
Notes to the Accounts
for the year ended 31 March 2026
Sova Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12552833. The registered office is 53 Brentvale Avenue, Wembley, Middlesex, HA0 1NE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sova Property Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Land & buildings
On transfers to investment property
844,718
Transfers from tangible fixed assets
844,718
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
336,230
455,080
Loans from directors
4,879
23,791
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
351,329
121,800
Loans from directors
163,348
139,557
9
Average number of employees
During the year the average number of employees was 0 (2025: 0).