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REGISTERED NUMBER: SC345064 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Shepherd Project Engineering Limited

Shepherd Project Engineering Limited (Registered number: SC345064)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shepherd Project Engineering Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr D W Shepherd





REGISTERED OFFICE: 6 Woodcroft Avenue
Bridge Of Don
Aberdeen
AB22 8WY





REGISTERED NUMBER: SC345064 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Shepherd Project Engineering Limited (Registered number: SC345064)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,399 5,695
Investment property 5 382,630 382,630
387,029 388,325

CURRENT ASSETS
Debtors 6 - 438
Cash at bank 113,005 114,633
113,005 115,071
CREDITORS
Amounts falling due within one year 7 3,413 5,608
NET CURRENT ASSETS 109,592 109,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,621

497,788

PROVISIONS FOR LIABILITIES 836 1,082
NET ASSETS 495,785 496,706

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 (43,260 ) (43,260 )
Retained earnings 538,045 538,966
495,785 496,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Shepherd Project Engineering Limited (Registered number: SC345064)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Mr D W Shepherd - Director


Shepherd Project Engineering Limited (Registered number: SC345064)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Shepherd Project Engineering Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in nature, location or condition of the specific asset. Changes in fair value are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provision for doubtful debts
The entity shall assess at each reporting date whether there is any indication that an asset may be impaired. If any such indication exists, the entity shall estimate the recoverable amount of the asset. If there is no indication of impairment, it is not necessary to estimate the recoverable amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Shepherd Project Engineering Limited (Registered number: SC345064)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 12,164 599 12,763
DEPRECIATION
At 1 July 2023 6,673 395 7,068
Charge for year 1,098 198 1,296
At 30 June 2024 7,771 593 8,364
NET BOOK VALUE
At 30 June 2024 4,393 6 4,399
At 30 June 2023 5,491 204 5,695

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 382,630
NET BOOK VALUE
At 30 June 2024 382,630
At 30 June 2023 382,630

The director has assessed the property market and historical cost price of the investment property in determining a fair value.

There has been no valuation of investment property by an independent valuer.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors - 438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 466 3,844
Other creditors 2,947 1,764
3,413 5,608

Shepherd Project Engineering Limited (Registered number: SC345064)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 (43,260 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D W Shepherd.