Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 3 |
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Tangible assets | 4 |
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1,853,246 | 1,854,096 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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39,336 | 29,281 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (1,976,522) | (1,985,410) | ||
Total assets less current liabilities | (123,276) | (131,314) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of The Good Shepherd Land and Livestock Company Limited (registered number:
D Jaques
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The Good Shepherd Land and Livestock Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have prepared the financial statements on the going concern basis. The company has obtained a loan from the parent company, Silvermoon Inc. This loan is repayable on demand, and was obtained from Silvermoon inc to fund the purchase of the land and provide working capital. The Directors have obtained confirmation from Silvermoon Inc that the loan will not be repayable for a period of at least 12 months from the date of approval of these accounts and accordingly have prepared the financial statements on the going concern basis.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Other intangible assets |
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Land and buildings | not depreciated |
Plant and machinery |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 01 January 2023 |
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Disposals | (
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At 31 December 2023 |
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Accumulated amortisation | |||
At 01 January 2023 |
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Charge for the financial year |
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Disposals | (
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At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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At 31 December 2022 |
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Land and buildings | Plant and machinery | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 January 2023 |
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Additions |
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At 31 December 2023 |
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Accumulated depreciation | |||||
At 01 January 2023 |
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Charge for the financial year |
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At 31 December 2023 |
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Net book value | |||||
At 31 December 2023 |
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At 31 December 2022 |
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2023 | 2022 | ||
£ | £ | ||
Other debtors |
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2023 | 2022 | ||
£ | £ | ||
Amounts owed to Parent undertakings |
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Accruals and deferred income |
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Other taxation and social security |
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Amounts owed to group undertakings
Included within amounts owed to group undertakings is a loan from the parent company.
The loan is an interest free loan and repayable on demand although the parent company has confirmed that the loan will not be recalled for payment within a period of 12 months from the approval of these financial statements.
Parent Company:
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18 King Street Toronto M5C1C4 |