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REGISTERED NUMBER: 04185651 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Southwestern Corporation Holdings Ltd

Southwestern Corporation Holdings Ltd (Registered number: 04185651)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Southwestern Corporation Holdings Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: P A Comer
W G Bell





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 04185651 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Southwestern Corporation Holdings Ltd (Registered number: 04185651)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Debtors 5 119,661 174,223
Cash at bank 27,642 10,619
147,303 184,842
CREDITORS
Amounts falling due within one year 6 (64,964 ) (116,754 )
NET CURRENT ASSETS 82,339 68,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,341

68,090

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 82,241 67,990
SHAREHOLDERS' FUNDS 82,341 68,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





P A Comer - Director


Southwestern Corporation Holdings Ltd (Registered number: 04185651)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Southwestern Corporation Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Southwestern Corporation Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Investments in subsidiaries
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. the investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately as profit or loss.

A subsidiary is an entity controlled by the company. control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Southwestern Corporation Holdings Ltd (Registered number: 04185651)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 2
NET BOOK VALUE
At 30 April 2023 2
At 30 April 2022 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 119,661 174,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to participating interests 20,844 20,816
Taxation and social security 1,031 -
Other creditors 43,089 95,938
64,964 116,754

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 May 2022 67,990
Profit for the year 20,251
Dividends (6,000 )
At 30 April 2023 82,241

Southwestern Corporation Holdings Ltd (Registered number: 04185651)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. RELATED PARTY DISCLOSURES

During the year the company received management charges of £35,000 (2022: £50,000) from Milling Plant Solutions Limited, a 100% owned subsidiary. At the year end a balance was due to the company of £119,661 (2022: £174,223).

At the year end the company owed £20,844 (2022: £20,816) to Southwestern Corporation UK Limited of which the directors Mr W G Bell and Mr P A Comer are shareholders and directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Southwestern Corporation Holdings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southwestern Corporation Holdings Ltd for the year ended 30 April 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Southwestern Corporation Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Southwestern Corporation Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Southwestern Corporation Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southwestern Corporation Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Southwestern Corporation Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Southwestern Corporation Holdings Ltd. You consider that Southwestern Corporation Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Southwestern Corporation Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


20 November 2023