REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2023 TO 30 APRIL 2024 |
FOR |
SHERWIN (GENERAL HOLDINGS) LTD |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 September 2023 |
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: | £ | £ |
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. |