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REGISTERED NUMBER: 09506125 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Shepherd Live Limited

Shepherd Live Limited (Registered number: 09506125)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shepherd Live Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J H E Shepherd





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 09506125 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Shepherd Live Limited (Registered number: 09506125)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,046 7,481

CURRENT ASSETS
Debtors 5 7,963 6,008
Cash at bank 3,607 1,508
11,570 7,516
CREDITORS
Amounts falling due within one year 6 23,812 17,292
NET CURRENT LIABILITIES (12,242 ) (9,776 )
TOTAL ASSETS LESS CURRENT LIABILITIES 804 (2,295 )

CREDITORS
Amounts falling due after more than one
year

7

11,969

13,830
NET LIABILITIES (11,165 ) (16,125 )

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings (11,266 ) (16,226 )
SHAREHOLDERS' FUNDS (11,165 ) (16,125 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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 Live Limited (Registered number: 09506125)

Balance Sheet - continued
31 March 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 20 January 2025 and were signed by:





J H E Shepherd - Director


Shepherd Live Limited (Registered number: 09506125)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Shepherd Live Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 09506125. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, RG7 1WY. The business address is 22 Voller Road, Tilehurst, Reading, RG31 4SE.

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 represents net invoiced sales of services net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% straight line and 25% straight line

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.

Shepherd Live Limited (Registered number: 09506125)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 43,238
Additions 11,348
At 31 March 2024 54,586
DEPRECIATION
At 1 April 2023 35,757
Charge for year 5,783
At 31 March 2024 41,540
NET BOOK VALUE
At 31 March 2024 13,046
At 31 March 2023 7,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 800 800
Amounts owed by group undertakings 1,955 -
Other debtors 5,208 5,208
7,963 6,008

Shepherd Live Limited (Registered number: 09506125)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,365 2,300
Trade creditors 1,512 1,513
Taxation and social security 28 30
Other creditors 15,907 13,449
23,812 17,292

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,969 13,830

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,769 4,630

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
101 101

9. FUNDAMENTAL UNCERTAINTIES AFFECTING THE ACCOUNTS

The director draws attention to the deficiency of assets shown in the accounts. The company continued to trade through the support of its creditors, and the financial statements have been drawn up on a going concern basis which assumes the support will continue.

Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amount, to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and current liabilities. The director has been unable to quantify the potential adjustment to the asset values which would be necessary in this situation, nor the further liabilities which would arise.