Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr C Grinyer 29/09/2020 Mr I Hannon 01/05/2013 Mr T Higgins 29/09/2020 26 September 2024 The principal activity of the Company during the financial year remained that of property consulting. SC285085 2023-12-31 SC285085 bus:Director1 2023-12-31 SC285085 bus:Director2 2023-12-31 SC285085 bus:Director3 2023-12-31 SC285085 2022-12-31 SC285085 core:CurrentFinancialInstruments 2023-12-31 SC285085 core:CurrentFinancialInstruments 2022-12-31 SC285085 core:ShareCapital 2023-12-31 SC285085 core:ShareCapital 2022-12-31 SC285085 core:SharePremium 2023-12-31 SC285085 core:SharePremium 2022-12-31 SC285085 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC285085 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC285085 core:ComputerSoftware 2022-12-31 SC285085 core:OtherResidualIntangibleAssets 2022-12-31 SC285085 core:ComputerSoftware 2023-12-31 SC285085 core:OtherResidualIntangibleAssets 2023-12-31 SC285085 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-12-31 SC285085 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-12-31 SC285085 bus:OrdinaryShareClass1 2023-12-31 SC285085 bus:OrdinaryShareClass2 2023-12-31 SC285085 2023-01-01 2023-12-31 SC285085 bus:FilletedAccounts 2023-01-01 2023-12-31 SC285085 bus:SmallEntities 2023-01-01 2023-12-31 SC285085 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC285085 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC285085 bus:Director1 2023-01-01 2023-12-31 SC285085 bus:Director2 2023-01-01 2023-12-31 SC285085 bus:Director3 2023-01-01 2023-12-31 SC285085 core:OtherResidualIntangibleAssets core:BottomRangeValue 2023-01-01 2023-12-31 SC285085 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-01-01 2023-12-31 SC285085 2022-01-01 2022-12-31 SC285085 core:ComputerSoftware 2023-01-01 2023-12-31 SC285085 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 SC285085 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 SC285085 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC285085 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 SC285085 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 SC285085 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC285085 (Scotland)

SHEPHERD PROPERTY CONSULTANTS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

SHEPHERD PROPERTY CONSULTANTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

SHEPHERD PROPERTY CONSULTANTS LTD

BALANCE SHEET

AS AT 31 DECEMBER 2023
SHEPHERD PROPERTY CONSULTANTS LTD

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 61,902 75,203
61,902 75,203
Current assets
Debtors 4 639,248 753,469
Cash at bank and in hand 842,970 374,126
1,482,218 1,127,595
Creditors: amounts falling due within one year 5 ( 1,284,717) ( 998,939)
Net current assets 197,501 128,656
Total assets less current liabilities 259,403 203,859
Net assets 259,403 203,859
Capital and reserves
Called-up share capital 6 1,000 1,000
Share premium account 198,801 198,801
Profit and loss account 59,602 4,058
Total shareholders' funds 259,403 203,859

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.

Directors' responsibilities:

The financial statements of Shepherd Property Consultants Ltd (registered number: SC285085) were approved and authorised for issue by the Board of Directors on 26 September 2024. They were signed on its behalf by:

Mr I Hannon
Director
SHEPHERD PROPERTY CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
SHEPHERD PROPERTY CONSULTANTS LTD

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

Shepherd Property Consultants Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 13 Albert Square, Dundee, DD1 1XA, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. The partnership, J&E Shepherd, will also provide financial support to the company if required.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to be complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost, 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:

Computer software
Other intangible assets 5 - 10 years straight line
Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from connected parties, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 16 15

3. Intangible assets

Computer software Other intangible assets Total
£ £ £
Cost
At 01 January 2023 27,880 77,250 105,130
At 31 December 2023 27,880 77,250 105,130
Accumulated amortisation
At 01 January 2023 12,546 17,381 29,927
Charge for the financial year 5,576 7,725 13,301
At 31 December 2023 18,122 25,106 43,228
Net book value
At 31 December 2023 9,758 52,144 61,902
At 31 December 2022 15,334 59,869 75,203

4. Debtors

2023 2022
£ £
Trade debtors 559,013 623,093
Other debtors 80,235 130,376
639,248 753,469

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to related parties 789,642 576,609
Taxation and social security 431,703 350,982
Other creditors 63,372 71,348
1,284,717 998,939

Amounts owed to related parties are interest free and have no fixed terms for repayment.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
5,000 A Ordinary shares of £ 0.10 each 500 500
5,000 B Ordinary shares of £ 0.10 each 500 500
1,000 1,000

7. Financial commitments

Commitments

2023 2022
£ £
Total future minimum lease payments under non-cancellable operating lease 191,717 207,085

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors loan account 0 9,500

The loan is provided interest free and the balance is repayable on demand by the company.

Other related party transactions

2023 2022
£ £
Amounts due to a partnership which has significant control 789,642 576,609