2023-04-01 SC629748 2024-03-31 SC629748 2023-04-01 2024-03-31 SC629748 2023-03-31 SC629748 2022-04-01 2023-03-31 SC629748 uk-core:WithinOneYear 2023-03-31 SC629748 uk-core:WithinOneYear 2024-03-31 SC629748 uk-core:AfterOneYear 2023-03-31 SC629748 uk-core:AfterOneYear 2024-03-31 SC629748 uk-core:ShareCapital 2024-03-31 SC629748 uk-core:ShareCapital 2023-03-31 SC629748 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC629748 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC629748 uk-bus:Director1 2023-04-01 2024-03-31 SC629748 uk-core:Buildings 2023-04-01 2024-03-31 SC629748 uk-core:FurnitureFittings 2023-04-01 2024-03-31 SC629748 uk-core:FurnitureFittings 2023-03-31 SC629748 uk-core:Buildings 2023-03-31 SC629748 uk-core:Buildings 2024-03-31 SC629748 uk-core:FurnitureFittings 2024-03-31 iso4217:GBP xbrli:pure SC629748 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC629748 uk-bus:FRS102 2023-04-01 2024-03-31 SC629748 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 SC629748 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Sheppard Welldrake Limited
Registered Number:SC629748
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Sheppard Welldrake Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC629748
As at 31 March 2024
Sheppard Welldrake Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
959,760
959,961
2
959,760
959,961
Current assets
Trade and other receivables
58,500
-
3
2,180
Cash and cash equivalents
10,754
10,754
60,680
Trade and other payables: amounts falling due within one
year
(900)
(5,575)
4
59,780
5,179
Net current assets
Total assets less current liabilities
964,939
1,019,741
Trade and other payables: amounts falling due after more
than one year
(1,066,181)
(994,181)
5
(29,242)
Net liabilities
(46,440)
Capital and reserves
Called up share capital
100
100
Retained earnings
(29,342)
(46,540)
(29,242)
(46,440)
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Thomas James Sheppard Director
These financial statements were approved and authorised for issue by the Board on 30 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Sheppard Welldrake Limited
Notes to the Financial Statements
Statutory Information
Sheppard Welldrake Limited is a private limited company, limited by shares, domiciled in Scotland, registration
number SC629748.
Registered address:
83 Princess Street
Edinburgh
EH2 2ER
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration of rent received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0% Reducing balance
25% Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Furniture and
Fittings
Land and
Buildings
£
£
£
Cost or
valuation
At 01 April 2023
961,301
2,143
959,158
At 31 March 2024
959,158
2,143
961,301
Provision for depreciation and impairment
At 01 April 2023
1,340
1,340
-
Charge for year
201
201
-
At 31 March 2024
1,541
1,541
-
At 31 March 2024
Net book value
959,158
602
959,760
At 31 March 2023
959,158
803
959,961
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5
For the year ended 31 March 2024
Sheppard Welldrake Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
-
58,500
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
58,500
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
4,675
-
Other creditors
900
900
5,575
900
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
637,780
637,780
428,401
356,401
Directors' loan accounts
994,181
1,066,181
6. Average number of persons employed
During the year the average number of employees was 0
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