Silverfin false false 31/12/2023 01/01/2023 31/12/2023 D Jaques 10/02/2021 18 September 2024 The principal activity of the company during the financial year was farming. 13191831 2023-12-31 13191831 bus:Director1 2023-12-31 13191831 2022-12-31 13191831 core:CurrentFinancialInstruments 2023-12-31 13191831 core:CurrentFinancialInstruments 2022-12-31 13191831 core:ShareCapital 2023-12-31 13191831 core:ShareCapital 2022-12-31 13191831 core:RetainedEarningsAccumulatedLosses 2023-12-31 13191831 core:RetainedEarningsAccumulatedLosses 2022-12-31 13191831 core:OtherResidualIntangibleAssets 2022-12-31 13191831 core:OtherResidualIntangibleAssets 2023-12-31 13191831 core:LandBuildings 2022-12-31 13191831 core:PlantMachinery 2022-12-31 13191831 core:LandBuildings 2023-12-31 13191831 core:PlantMachinery 2023-12-31 13191831 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 13191831 core:ImmediateParent core:CurrentFinancialInstruments 2022-12-31 13191831 2023-01-01 2023-12-31 13191831 bus:FilletedAccounts 2023-01-01 2023-12-31 13191831 bus:SmallEntities 2023-01-01 2023-12-31 13191831 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13191831 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13191831 bus:Director1 2023-01-01 2023-12-31 13191831 core:OtherResidualIntangibleAssets core:BottomRangeValue 2023-01-01 2023-12-31 13191831 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-01-01 2023-12-31 13191831 core:PlantMachinery 2023-01-01 2023-12-31 13191831 2022-01-01 2022-12-31 13191831 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 13191831 core:LandBuildings 2023-01-01 2023-12-31 13191831 1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 13191831 (England and Wales)

THE GOOD SHEPHERD LAND AND LIVESTOCK COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

THE GOOD SHEPHERD LAND AND LIVESTOCK COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

THE GOOD SHEPHERD LAND AND LIVESTOCK COMPANY LIMITED

BALANCE SHEET

As at 31 December 2023
THE GOOD SHEPHERD LAND AND LIVESTOCK COMPANY LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 0 4,540
Tangible assets 4 1,853,246 1,849,556
1,853,246 1,854,096
Current assets
Debtors 5 1,785 78
Cash at bank and in hand 37,551 29,203
39,336 29,281
Creditors: amounts falling due within one year 6 ( 2,015,858) ( 2,014,691)
Net current liabilities (1,976,522) (1,985,410)
Total assets less current liabilities (123,276) (131,314)
Net liabilities ( 123,276) ( 131,314)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 123,376 ) ( 131,414 )
Total shareholder's deficit ( 123,276) ( 131,314)

For the financial 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 financial statements of The Good Shepherd Land and Livestock Company Limited (registered number: 13191831) were approved and authorised for issue by the Director on 18 September 2024. They were signed on its behalf by:

D Jaques
Director
THE GOOD SHEPHERD LAND AND LIVESTOCK COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
THE GOOD SHEPHERD LAND AND LIVESTOCK COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 0 - 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2023 5,700 5,700
Disposals ( 5,700) ( 5,700)
At 31 December 2023 0 0
Accumulated amortisation
At 01 January 2023 1,160 1,160
Charge for the financial year 1,140 1,140
Disposals ( 2,300) ( 2,300)
At 31 December 2023 0 0
Net book value
At 31 December 2023 0 0
At 31 December 2022 4,540 4,540

4. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 January 2023 1,839,180 13,751 1,852,931
Additions 0 5,749 5,749
At 31 December 2023 1,839,180 19,500 1,858,680
Accumulated depreciation
At 01 January 2023 0 3,375 3,375
Charge for the financial year 0 2,059 2,059
At 31 December 2023 0 5,434 5,434
Net book value
At 31 December 2023 1,839,180 14,066 1,853,246
At 31 December 2022 1,839,180 10,376 1,849,556

5. Debtors

2023 2022
£ £
Other debtors 1,785 78

6. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Parent undertakings 2,006,583 2,006,583
Accruals and deferred income 9,275 3,240
Other taxation and social security 0 4,868
2,015,858 2,014,691

7. Related party transactions

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.

8. Ultimate controlling party

Parent Company:

Silvermoon Inc
18 King Street
Toronto
M5C1C4

The company's immediate parent at the year end is Silvermoon Inc, incorporated in Canada.