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REGISTERED NUMBER: 09581988 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SENTINEL FINANCE LTD

SENTINEL FINANCE LTD (REGISTERED NUMBER: 09581988)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company information 1

Chartered accountants' report 2

Abridged balance sheet 3

Notes to the financial statements 5


SENTINEL FINANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: C W Lewis
Mrs K A S Ugeux-Lewis





REGISTERED OFFICE: c/o Johnsons Chartered Accountants
Ground Floor
1-2 Craven Road,
Ealing
London
W5 2UA





REGISTERED NUMBER: 09581988 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SENTINEL FINANCE 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 Sentinel Finance Ltd for the year ended 31 May 2023 which comprise the Income statement, Abridged 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 Sentinel Finance 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 Sentinel Finance Ltd and state those matters that we have agreed to state to the Board of Directors of Sentinel Finance 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 Sentinel Finance Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sentinel Finance 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 loss of Sentinel Finance Ltd. You consider that Sentinel Finance 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 Sentinel Finance 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.






Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA


30 July 2024

SENTINEL FINANCE LTD (REGISTERED NUMBER: 09581988)

ABRIDGED BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 6,356,115 6,935,889

CURRENT ASSETS
Debtors 1,580,979 1,575,721
Cash at bank 177,207 322,538
1,758,186 1,898,259
CREDITORS
Amounts falling due within one year (1,218,129 ) (1,626,494 )
NET CURRENT ASSETS 540,057 271,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,896,172

7,207,654

PROVISIONS FOR LIABILITIES (103,952 ) (129,773 )
NET ASSETS 6,792,220 7,077,881

CAPITAL AND RESERVES
Called up share capital 6,450,675 6,450,675
Retained earnings 341,545 627,206
6,792,220 7,077,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SENTINEL FINANCE LTD (REGISTERED NUMBER: 09581988)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





C W Lewis - Director


SENTINEL FINANCE LTD (REGISTERED NUMBER: 09581988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Sentinel Finance 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.

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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents dividends received from investments.

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.

FIXED ASSET INVESTMENTS
Fixed asset investments are stated at market value and changes in value during the year have been reflected through profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

SENTINEL FINANCE LTD (REGISTERED NUMBER: 09581988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 June 2022 6,935,889
Additions 20,959,328
Disposals (21,375,149 )
Share of profit/(loss) 162,359
Revaluations (326,312 )
At 31 May 2023 6,356,115
NET BOOK VALUE
At 31 May 2023 6,356,115
At 31 May 2022 6,935,889

Cost or valuation at 31 May 2023 is represented by:
Totals
£   
Valuation in 2023 6,356,115

Comprising of 2023 2022
£ £
Cost 5,940,307 6,252,973
Valuation adjustment 415,808 682,916
Valuation in 2022 6,356,115 6,935,889



5. RELATED PARTY DISCLOSURES

The loan made to Mr C W Lewis, a director at the company year end stood at £ 1,158,096 (2022 £1,158,096) and continues to operate under the same terms as previous years. The loan is repayable on demand and interest is currently charged at 2.8% pa. (2022 charged at 2.5% pa).

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is jointly Mr C W Lewis and Mrs K A S Ugeux-Lewis.