Sovereign Equity Holdings Limited - Accounts

Sovereign Equity Holdings Limited - Accounts

SOVEREIGN EQUITY HOLDINGS LIMITED - Company Information

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Registered Number: 08338782
England and Wales

 

 

 

SOVEREIGN EQUITY HOLDINGS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

Sovereign Equity Holdings Limited
Contents Page
For the year ended 31 March 2019
Accountants report

You consider that the company is exempt from an audit for the year ended 31 March 2019 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

T and K Accountancy LLP
31 March 2019



....................................................
T and K Accountancy LLP
T and K House
69 Banstead Road
Carshalton
SM5 3NP
02 December 2019
1
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Investments 3 14,766,094    14,766,094 
14,766,094    14,766,094 
Current assets      
Debtors: amounts falling due within one year 2,608,480    1,852,682 
Cash at bank and in hand 3,793    5,388 
2,612,273    1,858,070 
Creditors: amount falling due within one year (16,478,530)   (16,022,320)
Net current assets (13,866,257)   (14,164,250)
 
Total assets less current liabilities 899,837    601,844 
Net assets 899,837    601,844 
 

Capital and reserves 		     
Called up share capital 4 999    999 
Profit and loss account 898,838    600,845 
Shareholders funds 899,837    601,844 
 


For the year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
Mr Parminder Singh Dosanjh
Director

Date approved by the board: 02 December 2019
2
General Information
Sovereign Equity Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 08338782, registration address Monarch House, 7-9 Stafford Road, Wallington, Surrey, SM6 9AN.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2018 14,766,094    14,766,094 
Additions -    - 
Disposals -    - 
At 31 March 2019 14,766,094    14,766,094 

3.

Share Capital

Authorised
999 Class A shares of £1.00 each
Allotted
2019
£		   2018
£
999 Class A shares of £1.00 each 999    999 
999    999 

3