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REGISTERED NUMBER: 06002856 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Shepherds Estate Agents Limited

Shepherds Estate Agents Limited (Registered number: 06002856)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Shepherds Estate Agents Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A F Sanders
Mrs D J Sanders





SECRETARY: Mrs D J Sanders





REGISTERED OFFICE: Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ





REGISTERED NUMBER: 06002856 (England and Wales)





ACCOUNTANTS: Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ

Shepherds Estate Agents Limited (Registered number: 06002856)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 118,517 149,149
Tangible assets 5 16,635 13,220
135,152 162,369

CURRENT ASSETS
Debtors 6 147,730 162,847
Cash at bank 7 571,433 462,027
719,163 624,874
CREDITORS
Amounts falling due within one year 8 456,435 428,601
NET CURRENT ASSETS 262,728 196,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,880

358,642

CREDITORS
Amounts falling due after more than one
year

9

(20,000

)

(20,000

)

PROVISIONS FOR LIABILITIES 10 (3,098 ) (2,436 )
NET ASSETS 374,782 336,206

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 12 374,482 335,906
SHAREHOLDERS' FUNDS 374,782 336,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Shepherds Estate Agents Limited (Registered number: 06002856)

Balance Sheet - continued
30 November 2023


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 16 August 2024 and were signed on its behalf by:




A F Sanders - Director



Mrs D J Sanders - Director


Shepherds Estate Agents Limited (Registered number: 06002856)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Shepherds Estate Agents 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.

Turnover
Turnover represents net fees receivable, excluding value added tax.

Goodwill
Goodwill being amount paid in connection with the acquisition of the business in 2011 is being amortised evenly over the estimated useful live of twenty years. The Goodwill being amounts paid in connection with the acquisition of a business in 2016, is being amortised evenly over the estimated useful life of eight years.
The balance of the Goodwill paid in 2018 in connection with the acquisition of a business in 2016, is also being amortised evenly over the estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 50% on reducing balance and 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance and 50% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Shepherds Estate Agents Limited (Registered number: 06002856)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty
In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

Shepherds Estate Agents Limited (Registered number: 06002856)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 425,057
AMORTISATION
At 1 December 2022 275,908
Amortisation for year 30,632
At 30 November 2023 306,540
NET BOOK VALUE
At 30 November 2023 118,517
At 30 November 2022 149,149

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 10,000 47,370 9,570 60,199 127,139
Additions - - - 9,230 9,230
At 30 November 2023 10,000 47,370 9,570 69,429 136,369
DEPRECIATION
At 1 December 2022 583 46,178 8,875 58,283 113,919
Charge for year 200 593 172 4,850 5,815
At 30 November 2023 783 46,771 9,047 63,133 119,734
NET BOOK VALUE
At 30 November 2023 9,217 599 523 6,296 16,635
At 30 November 2022 9,417 1,192 695 1,916 13,220

6. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 10,966 11,022
Other debtors and prepayments 12,637 27,130
23,603 38,152

Amounts falling due after more than one year:
Amounts owed by associates 124,127 124,695

Aggregate amounts 147,730 162,847

Shepherds Estate Agents Limited (Registered number: 06002856)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CASH AT BANK

Cash at bank and in hand includes £316,807 held in designated clients accounts.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 13,266 6,948
Tax 8,257 -
Social security and other taxes 10,333 7,906
VAT 39,967 32,681
Creditors and Accruals 61,930 22,473
Clients Deposits 316,807 353,337
Directors' current accounts 5,875 5,256
456,435 428,601

Included in other creditors are amounts due to Clients (Tenants) of £316,807. As stated in Note 9 an amount of £316,807 is held in designated Client bank accounts.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Deferred directors loans 20,000 20,000

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 3,098 2,436

Deferred
tax
£   
Balance at 1 December 2022 2,436
Provided during year 662
Balance at 30 November 2023 3,098

Deferred tax arises from accelerated Capital Allowances.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 'A' Ordinary £1-00 100 100
100 'B' Ordinary £1-00 100 100
100 'C' Ordinary £1-00 100 100
300 300

Shepherds Estate Agents Limited (Registered number: 06002856)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

12. RESERVES
Retained
earnings
£   

At 1 December 2022 335,906
Profit for the year 78,576
Dividends (40,000 )
At 30 November 2023 374,482

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2022 - £40,000) were paid to the directors.

The company has advanced a loan to a company controlled by the directors. At the year end, the amount outstanding on this loan was £124,127 (2022 - £124,695)

14. ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors who own all the issued share capital.

Shepherds Estate Agents Limited

Report of the Accountants to the Directors of
Shepherds Estate Agents Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ


16 August 2024