0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10949474 2023-01-01 2023-12-31 10949474 2023-12-31 10949474 2022-12-31 10949474 2022-01-01 2022-12-31 10949474 2022-12-31 10949474 2021-12-31 10949474 bus:Director1 2023-01-01 2023-12-31 10949474 core:WithinOneYear 2023-12-31 10949474 core:WithinOneYear 2022-12-31 10949474 core:ShareCapital 2023-12-31 10949474 core:ShareCapital 2022-12-31 10949474 core:RetainedEarningsAccumulatedLosses 2023-12-31 10949474 core:RetainedEarningsAccumulatedLosses 2022-12-31 10949474 bus:SmallEntities 2023-01-01 2023-12-31 10949474 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10949474 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10949474 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10949474 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 10949474
Shepherd Finance Limited
Filleted Unaudited Financial Statements
31 December 2023
Shepherd Finance Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
4
61,200
118,017
Cash at bank and in hand
65,527
99,816
---------
---------
126,727
217,833
Creditors: amounts falling due within one year
5
7,490
4,610
---------
---------
Net current assets
119,237
213,223
---------
---------
Total assets less current liabilities
119,237
213,223
---------
---------
Net assets
119,237
213,223
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
119,137
213,123
---------
---------
Shareholder funds
119,237
213,223
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 September 2024 , and are signed on behalf of the board by:
B H Shepherd
Director
Company registration number: 10949474
Shepherd Finance Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, W1W 6AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2023
2022
£
£
Other debtors
61,200
118,017
--------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
7,490
4,610
-------
-------
6. Director's advances, credits and guarantees
At the year end, the company owed the director £4,610 (2022: £1,730). The loan was on interest free terms and repayable on demand.
7. Related party transactions
At the year end, the company owed Shepherd Enterprises Limited £51,200 (2022: £51,200), a company incorporated in England and Wales and controlled by the director. The above loans are on interest free terms and repayable on demand.
8. Controlling party
The company is under the control of B H Shepherd .