REGISTERED NUMBER: 01034375 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2025

FOR

SOVEREIGN CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Ward

P R Goodenough

SECRETARY:

Mrs J V Goodenough

REGISTERED OFFICE:

Sovereign House

Avenue Lane

Eastbourne

East Sussex

BN21 3UL

REGISTERED NUMBER:

01034375 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Ltd

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

142,265

161,413

CURRENT ASSETS

Stocks

225,426

265,426

Debtors

5

387,817

543,803

Cash at bank

51,642

10,939

664,885

820,168

CREDITORS

Amounts falling due within one year

6

(601,904

)

(751,433

)

NET CURRENT ASSETS

62,981

68,735

TOTAL ASSETS LESS CURRENT LIABILITIES

205,246

230,148

CREDITORS

Amounts falling due after more than one year

7

(23,377

)

(47,410

)

PROVISIONS FOR LIABILITIES

(12,820

)

(25,902

)

NET ASSETS

169,049

156,836

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

168,949

156,736

SHAREHOLDERS' FUNDS

169,049

156,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

S M Ward - Director

1.	STATUTORY INFORMATION

Sovereign Construction 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

at variable rates on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 30 June 2024

40,000

37,302

90,112

325,940

493,354

Additions

-

-

1,140

-

1,140

At 29 June 2025

40,000

37,302

91,252

325,940

494,494

DEPRECIATION

At 30 June 2024

40,000

33,745

74,313

183,883

331,941

Charge for year

-

445

2,128

17,715

20,288

At 29 June 2025

40,000

34,190

76,441

201,598

352,229

NET BOOK VALUE

At 29 June 2025

-

3,112

14,811

124,342

142,265

At 29 June 2024

-

3,557

15,799

142,057

161,413

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 30 June 2024

and 29 June 2025

95,089

DEPRECIATION

At 30 June 2024

29,306

Charge for year

8,223

At 29 June 2025

37,529

NET BOOK VALUE

At 29 June 2025

57,560

At 29 June 2024

65,783

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

272,752

409,038

Other debtors

115,065

134,765

387,817

543,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

46,052

36,456

Hire purchase contracts

13,616

13,616

Trade creditors

366,059

568,359

Taxation and social security

168,023

128,691

Other creditors

8,154

4,311

601,904

751,433

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,531

13,949

Hire purchase contracts

19,846

33,461

23,377

47,410

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A shares

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Sovereign Holdings (Developments) Limited, a company registered in England and Wales.

The company was controlled by it's parent company.

The parent company is under the control of S M Ward, a director of the company.