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REGISTERED NUMBER: 01434770 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

SHERWIN INSURANCE SERVICES LIMITED

SHERWIN INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 01434770) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| SHERWIN INSURANCE SERVICES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | Ms K A Egan

| I Storm

| SECRETARY: | Ms E L Ainscough

| REGISTERED OFFICE: | 118 Holyhead Road

| Coventry

| West Midlands

| CV1 3LY

| REGISTERED NUMBER: | 01434770 (England and Wales)

| ACCOUNTANTS: | Clive Shedd & Co

| Chartered Accountants

| 232 Sladepool Farm Road

| Birmingham

| B14 5EE

SHERWIN INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 01434770) |

STATEMENT OF FINANCIAL POSITION

30 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 2,509 |  | 4,006 |  |

Investments | 7 | 840 |  | 1,400 |  |

3,349 |  | 5,406 |  |

CURRENT ASSETS

Debtors | 8 | 44,507 |  | 75,152 |  |

Investments | 9 | 48,492 |  | 51,611 |  |

Cash at bank and in hand | 7,528 |  | 52,886 |  |

100,527 |  | 179,649 |  |

CREDITORS

Amounts falling due within one year | 10 | 56,788 |  | 101,719 |  |

NET CURRENT ASSETS | 43,739 |  | 77,930 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 47,088 |  | 83,336 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 29,000 |  | 29,000 |  |

Retained earnings | 18,088 |  | 54,336 |  |

SHAREHOLDERS' FUNDS | 47,088 |  | 83,336 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 01434770) |

STATEMENT OF FINANCIAL POSITION - continued

30 APRIL 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 January 2026 and were signed on its behalf by:

Ms K A Egan - Director

SHERWIN INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 01434770) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Sherwin Insurance Services Limited 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 as modified by the measurement of investments at fair value.

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

| 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.

| The company's management also consider the future cash requirements of the company and its available resources in order to ensure that the going concern basis used in the preparation of these financial statements is appropriate for the foreseeable future.

| Turnover

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

| Fee, commission and brokerage income includes initial income receivable on the commencement of a new policy which is recognised when the policy goes on risk. Fee and commission income also includes on-going fees which are recognised as the services are provided and renewal commissions which are recognised when earned.

| Goodwill

| The difference between the fair value of consideration given and the fair values of the net assets of entities acquired has been accounted for as goodwill. Amortisation has been provided to write off goodwill evenly over its estimated useful life of twenty three years.

SHERWIN INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 01434770) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance and at varying rates on cost

| Tangible fixed assets are initially recorded at cost.

| Investments

| Listed fixed asset investments and unlisted current asset investments are measured at fair value with changes in fair value recognised in profit or loss.

| 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.

| Pension costs and other post-retirement benefits

| The company contributes to defined contribution pension schemes for its employees. Contributions payable are charged to profit or loss in the period to which they relate.

| Employee benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the amount expected to be paid in exchange for that service.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 6 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 23,000 |  |

| AMORTISATION

| At 1 May 2024

| and 30 April 2025 | 23,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

SHERWIN INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 01434770) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 75,480 |  |

| DEPRECIATION

| At 1 May 2024 | 71,474 |  |

| Charge for year | 1,497 |  |

| At 30 April 2025 | 72,971 |  |

| NET BOOK VALUE

| At 30 April 2025 | 2,509 |  |

| At 30 April 2024 | 4,006 |  |

7. | FIXED ASSET INVESTMENTS

| Listed

| investments

£ |

| COST

| At 1 May 2024 | 1,400 |  |

| Fair value adjustment | (560 | ) |

| At 30 April 2025 | 840 |  |

| NET BOOK VALUE

| At 30 April 2025 | 840 |  |

| At 30 April 2024 | 1,400 |  |

| Market value of listed investments at 30 April 2025 - £ 840 (2024 - £ 1,400 ).

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 24,575 |  | 67,526 |  |

| Amounts owed by group undertakings | 19,932 |  | - |  |

| Prepayments and accrued income | - |  | 7,626 |  |

44,507 |  | 75,152 |  |

9. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Unlisted Investments | 48,492 |  | 51,611 |  |

SHERWIN INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 01434770) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,858 |  | 7,543 |  |

| Amounts owed to group undertakings | 15,845 |  | 56,420 |  |

| Taxation and social security | 30,655 |  | 20,820 |  |

| Other creditors | - |  | 2,450 |  |

| Accruals and deferred income | 8,430 |  | 14,486 |  |

56,788 |  | 101,719 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 29,000 | Ordinary | £1 | 29,000 |  | 29,000 |  |

12. | IMMEDIATE AND ULTIMATE CONTROLLING PARTY

| The directors consider the immediate parent company to be Sherwin (General Holdings) Ltd 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.