Stewart Miller McCulloch (Holdings) Limi - Accounts to registrar (filleted) - small 23.2.5

Stewart Miller McCulloch (Holdings) Limi - Accounts to registrar (filleted) - small 23.2.5

STEWART MILLER MCCULLOCH (HOLDINGS) LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v23.2.0.158 06432216 Board of Directors 1.1.22 31.12.22 31.12.22 19.9.23 0 0 true false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure064322162021-12-31064322162022-12-31064322162022-01-012022-12-31064322162020-12-31064322162021-01-012021-12-31064322162021-12-3106432216ns16:EnglandWales2022-01-012022-12-3106432216ns15:PoundSterling2022-01-012022-12-3106432216ns11:Director12022-01-012022-12-3106432216ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3106432216ns11:SmallEntities2022-01-012022-12-3106432216ns11:Audited2022-01-012022-12-3106432216ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3106432216ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3106432216ns11:FullAccounts2022-01-012022-12-3106432216ns11:Director32022-01-012022-12-3106432216ns11:CompanySecretary12022-01-012022-12-3106432216ns11:RegisteredOffice2022-01-012022-12-3106432216ns6:CurrentFinancialInstruments2022-12-3106432216ns6:CurrentFinancialInstruments2021-12-3106432216ns6:ShareCapital2022-12-3106432216ns6:ShareCapital2021-12-3106432216ns6:RetainedEarningsAccumulatedLosses2022-12-3106432216ns6:RetainedEarningsAccumulatedLosses2021-12-3106432216ns6:CostValuation2021-12-3106432216ns6:Subsidiary12022-01-012022-12-31064322161ns6:Subsidiary12022-01-012022-12-3106432216ns6:Subsidiary22022-01-012022-12-3106432216ns6:Subsidiary232022-01-012022-12-3106432216ns6:RetainedEarningsAccumulatedLosses2021-12-3106432216ns6:RetainedEarningsAccumulatedLosses2022-01-012022-12-31
REGISTERED NUMBER: 06432216 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

STEWART MILLER MCCULLOCH (HOLDINGS)
LIMITED
STEWART MILLER MCCULLOCH (HOLDINGS)
LIMITED (REGISTERED NUMBER: 06432216)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


STEWART MILLER MCCULLOCH (HOLDINGS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: J F Corrigan-Stuart
G McKernan





SECRETARY: J F Corrigan-Stuart





REGISTERED OFFICE: 768 Hagley Road West
Oldbury
West Midlands
B68 0PJ





REGISTERED NUMBER: 06432216 (England and Wales)





AUDITORS: LB Group Limited (Chelmsford)
Swift House
Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU
Page 1
STEWART MILLER MCCULLOCH (HOLDINGS)
LIMITED (REGISTERED NUMBER: 06432216)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 262,540 262,540

CURRENT ASSETS
Debtors 5 1,750,000 1,750,000

CREDITORS
Amounts falling due within one year 6 1,750,000 1,750,000
NET CURRENT LIABILITIES - -
TOTAL ASSETS LESS CURRENT
LIABILITIES
262,540
262,540

CAPITAL AND RESERVES
Called up share capital 96,000 96,000
Retained earnings 7 166,540 166,540
SHAREHOLDERS' FUNDS 262,540 262,540

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 19 September 2023 and were signed on its behalf by:





J F Corrigan-Stuart - Director


The notes form part of these financial statements

Page 2
STEWART MILLER MCCULLOCH (HOLDINGS)
LIMITED (REGISTERED NUMBER: 06432216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Stewart Miller McCulloch (Holdings) 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. 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.

The financial statements are prepared in sterling £.

Preparation of consolidated financial statements
The financial statements contain information about Stewart Miller McCulloch (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, NSM Insurance Group, LLC., 555 North Lane, Suite 6060 Conshohocken, PA 19428.

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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 (2021 - NIL).

Page 3 continued...
STEWART MILLER MCCULLOCH (HOLDINGS)
LIMITED (REGISTERED NUMBER: 06432216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 262,540
NET BOOK VALUE
At 31 December 2022 262,540
At 31 December 2021 262,540

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Stewart Miller McCulloch & Co Ltd
Registered office: 768 Hagley Road West, Oldbury, West Midlands, B68 0PJ
Nature of business: Insurance broker
%
Class of shares: holding
Ordinary 100.00

Peter D James Ltd
Registered office: 768 Hagley Road West, Oldbury, West Midlands, B68 0PJ
Nature of business: Insurance broker
%
Class of shares: holding
Ordinary 100.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 1,750,000 1,750,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 1,750,000 1,750,000

7. RESERVES
Retained
earnings
£   

At 1 January 2022 166,540
Profit for the year -
At 31 December 2022 166,540

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Warman (Senior Statutory Auditor)
for and on behalf of LB Group LB Group Limited (Chelmsford)

Page 4 continued...
STEWART MILLER MCCULLOCH (HOLDINGS)
LIMITED (REGISTERED NUMBER: 06432216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

9. ULTIMATE CONTROLLING PARTY

Control of the company is held by Maybury James Limited, a company registered and operating in the United Kingdom, who hold 100% of the issued Ordinary shares.

The ultimate parent is Carlyle Partners VIII Holdings III, L.P. (Delaware Partnership), a company trading on the Nasdaq Global Select Market.

The financial statements of the company are consolidated in the financial statements of NSM Insurance Group LLC. These consolidated accounts are available from its registered office.

The largest group of undertakings for which group financial statements are drawn up is Carlyle Partners VIII Holdings III, L.P. (Delaware Partnership) and the smallest is NSM Insurance Group LLC.

10. CHARGES

At the balance sheet date, the company has a fixed and floating charge held over the assets of the company in favour of The Royal Bank of Scotland PLC.

Page 5