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REGISTERED NUMBER: 11216227 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SHERWIN HOMES LTD

SHERWIN HOMES LTD (REGISTERED NUMBER: 11216227)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHERWIN HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: Mrs K Mills
R D Sherwin





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 32 Cliff Parade
Leigh on Sea
Essex
SS9 1BB





REGISTERED NUMBER: 11216227 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

SHERWIN HOMES LTD (REGISTERED NUMBER: 11216227)

BALANCE SHEET
28 FEBRUARY 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,376 3,168
Investment property 5 1,030,000 1,030,000
1,032,376 1,033,168

CURRENT ASSETS
Debtors 6 298 292
Cash at bank 24,780 38,912
25,078 39,204
CREDITORS
Amounts falling due within one year 7 310,180 331,668
NET CURRENT LIABILITIES (285,102 ) (292,464 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,274

740,704

CREDITORS
Amounts falling due after more than one
year

8

(679,636

)

(679,660

)

PROVISIONS FOR LIABILITIES (15,339 ) (15,339 )
NET ASSETS 52,299 45,705

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 46,016 46,016
Retained earnings 6,281 (313 )
SHAREHOLDERS' FUNDS 52,299 45,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

SHERWIN HOMES LTD (REGISTERED NUMBER: 11216227)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





R D Sherwin - Director


SHERWIN HOMES LTD (REGISTERED NUMBER: 11216227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Sherwin Homes 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

SHERWIN HOMES LTD (REGISTERED NUMBER: 11216227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2024
and 28 February 2025 7,631
DEPRECIATION
At 1 March 2024 4,463
Charge for year 792
At 28 February 2025 5,255
NET BOOK VALUE
At 28 February 2025 2,376
At 29 February 2024 3,168

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 28 February 2025 1,030,000
NET BOOK VALUE
At 28 February 2025 1,030,000
At 29 February 2024 1,030,000

The directors have reviewed the open market value of the property at the period end using their best judgement and have determined that no further adjustment is considered necessary.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Other debtors 298 292

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Taxation and social security 1,732 323
Other creditors 308,448 331,345
310,180 331,668

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans 679,636 679,660

SHERWIN HOMES LTD (REGISTERED NUMBER: 11216227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.2.25 29.2.24
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 679,636 679,660

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£    £   
Bank loans 679,636 679,660

The mortgage is secured by a fixed charge over the company's investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Fair
value
reserve
£   
At 1 March 2024
and 28 February 2025 46,016