COMPANY REGISTRATION NUMBER:
SC463922
Andrew Shepherd (Holdings) Limited |
|
Filleted Unaudited Abridged Financial Statements |
|
Andrew Shepherd (Holdings) Limited |
|
Abridged Statement of Financial Position |
|
31 March 2024
Fixed assets
Investments |
4 |
|
1,581,417 |
1,581,417 |
|
|
|
|
|
Current assets
Debtors |
492,105 |
|
524,274 |
Cash at bank and in hand |
512,322 |
|
868,705 |
|
------------ |
|
------------ |
|
1,004,427 |
|
1,392,979 |
|
|
|
|
Creditors: amounts falling due within one year |
956,360 |
|
1,349,359 |
|
------------ |
|
------------ |
Net current assets |
|
48,067 |
43,620 |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
1,629,484 |
1,625,037 |
|
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
|
120 |
120 |
Profit and loss account |
|
1,629,364 |
1,624,917 |
|
|
------------ |
------------ |
Shareholders funds |
|
1,629,484 |
1,625,037 |
|
|
------------ |
------------ |
|
|
|
|
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Andrew Shepherd (Holdings) Limited |
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Abridged Statement of Financial Position (continued) |
|
31 March 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
2 December 2024
, and are signed on behalf of the board by:
Company registration number:
SC463922
Andrew Shepherd (Holdings) Limited |
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Notes to the Abridged Financial Statements |
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Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Restenneth House, Old Brechin Road, Forfar, DD8 3DX, Scotland.
2.
Statement of compliance
These abridged 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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern The company's forecast and projections, taking account of reasonable changes in trading performance, indicate that the company plans to operate within cash generated. The Board of Directors confirm that, after making appropriate enquiries, it has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing these Financial Statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
4.
Investments
|
£ |
Cost |
|
At 1 April 2023 and 31 March 2024 |
1,581,417 |
|
------------ |
Impairment |
|
At 1 April 2023 and 31 March 2024 |
– |
|
------------ |
Carrying amount |
|
At 31 March 2024 |
1,581,417 |
|
------------ |
At 31 March 2023 |
1,581,417 |
|
------------ |
|
|
5.
Contingencies
The company provided the group's bank with Cross Corporate Letters of Guarantee, incorporating offset provision, covering all accounts within the Kinburn (208) Limited group. In addition, the bank has obtained Floating Charges over each company's undertakings and assets.
6.
Transactions with directors
There were no transactions with directors that require disclosure under FRS102.
7.
Related party transactions
The company was under the control of the directors during the current and previous year. The company and its subsidiary company, Andrew Shepherd Construction Limited, have a group treasury arrangement with the group's bankers. All cash within the group is held in a bank deposit account in the name of the company. At the year-end, the company was due to pay a balance of £956,360 (2023 - £1,349,360) to Andrew Shepherd Construction Limited in relation to these arrangements.
8.
Controlling party
The company's entire share capital was purchased by Kinburn (208) Limited, a company registered in Scotland, during the previous financial year and that company is now considered to be the ultimate parent company.