NEW SOVEREIGN REVERSIONS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the date of signing these financial statements, the Directors believe that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the approval of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. NEW SOVEREIGN REVERSIONS LIMITED · parent
   1. Sovereign Reversions Limited 0% · England and Wales · Property trading
   2. The Welfare Dwellings Trust Limited 100% · England and Wales · Property trading
   3. Sovereign Nominees Limited 100% · England and Wales · Dormant
   4. Sovereign Nominees No.2 Limited 100% · England and Wales · Dormant

Significant events

• “Following the increase in the Bank of England base rate in the prior year, both customers and mortgage providers have been more cautious and have re-assessed affordability criteria when it comes to purchasing property. In the first half of the year, we continued to feel the effects of higher mortgage costs for new customers, those on floating / variable rate mortgages and customers coming to the end of fixed rate terms with fewer sales agreed and at lower agreed sales prices when measured against our September 2023 valuations. We have seen an uplift in the second half of the year, with final quarter sales revenue for the group 14.8% above target and sold prices back in line with our September 2023 valuations. More recently, we have seen a consistently higher level of agreed sales and low cancellations which indicate we should see strong sales proceeds in the first quarter of 2025. If interest rates fall back below current levels, as they are predicted to in 2025, demand will also improve. We regularly monitor our asking prices to ensure we move in line with local markets to maintain our sales velocity.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -50%

  £4,000,000 → £2,000,000

• Cash

  —

  Not reported

• Net assets

  +0.3%

  £6,281,000 → £6,297,000

• Employees

  0%

  2 → 2

• Profit before tax

  -44.8%

  £4,385,000 → £2,422,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers