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REGISTERED NUMBER: 14042021 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2023 TO 30 APRIL 2024

FOR

SHERWIN (GENERAL HOLDINGS) LTD

SHERWIN (GENERAL HOLDINGS) LTD (REGISTERED NUMBER: 14042021)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SHERWIN (GENERAL HOLDINGS) LTD

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2023 TO 30 APRIL 2024







DIRECTOR: A J Norcott





SECRETARY: E L Ainscough





REGISTERED OFFICE: 118 Holyhead Road
Coventry
West Midlands
CV1 3LY





REGISTERED NUMBER: 14042021 (England and Wales)





ACCOUNTANTS: Clive Shedd & Co
Chartered Accountants
232 Sladepool Farm Road
Birmingham
B14 5EE

SHERWIN (GENERAL HOLDINGS) LTD (REGISTERED NUMBER: 14042021)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 5 1,300,000 1,300,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,300,000

1,300,000

CAPITAL AND RESERVES
Called up share capital 7 1,300,000 1,300,000
SHAREHOLDERS' FUNDS 1,300,000 1,300,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





A J Norcott - Director


SHERWIN (GENERAL HOLDINGS) LTD (REGISTERED NUMBER: 14042021)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 30 APRIL 2024

1. STATUTORY INFORMATION

Sherwin (General 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

The company's functional and presentation currency is the pound sterling, rounded to the nearest £.

Preparation of consolidated financial statements
The financial statements contain information about Sherwin (General 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 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Circle 1991 Limited, of 118 Holyhead Road, Coventry CV1 3LY.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the period under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

Investments in subsidiaries
Fixed asset investments are initially recorded at cost and are subsequently measured at cost less any amounts provided for impairment.

Financial instruments
Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss ) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

SHERWIN (GENERAL HOLDINGS) LTD (REGISTERED NUMBER: 14042021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 30 APRIL 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 April 2024 1,300,000
NET BOOK VALUE
At 30 April 2024 1,300,000
At 30 September 2023 1,300,000

6. SECURED DEBTS

Certain group bank borrowings are supported by a debenture given by the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 1,300,000 1,300,000

8. IMMEDIATE AND ULTIMATE CONTROLLING PARTY

The director considers the immediate parent company to be Circle Insurance Services Limited a company registered in England and Wales.

The ultimate parent company is considered to be Circle 1991 Limited, a company registered in England and Wales and copies of the consolidated financial statements can be obtained from Faraday House, 118 Holyhead Road, Coventry, CV1 3LY.