While going through the CME documentation I stumbled following text about search folder:
"Localizing or unlocalizing a Search Folder:- If a Search Folder is shared to a BluePrint Child Publication, you can localize the Search Folder to create a local copy. When you localize a Search Folder, you can edit the name and metadata. You cannot edit the type or search criteria. You can also unlocalize a Search Folder to use the shared Search Folder from a Parent Publication."
Going through the first line 'If a Search Folder is shared to a BluePrint Child Publication,...' it seems it is possible to create a folder in parent publication which would not be visible to child publication. Is this possible to create such component/folder/SG etc.