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SHEPHERD & WALKER LIMITED

Registered Number
00549351
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

SHEPHERD & WALKER LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

WALKER, Andrew John
WALKER, William Newboult

Registered Address

Number 3 Acorn Business Park
Airedale Business Centre
Skipton
BD23 2UE

Registered Number

00549351 (England and Wales)
SHEPHERD & WALKER LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Investment property3475,000475,000
475,000475,000
Current assets
Debtors481,99580,238
Cash at bank and on hand41,20942,372
123,204122,610
Creditors amounts falling due within one year5(32,864)(54,202)
Net current assets (liabilities)90,34068,408
Total assets less current liabilities565,340543,408
Provisions for liabilities6(112,000)(112,000)
Net assets453,340431,408
Capital and reserves
Called up share capital9,6909,690
Revaluation reserve334,905334,905
Profit and loss account108,74586,813
Shareholders' funds7453,340431,408
The financial statements were approved and authorised for issue by the Board of Directors on 12 June 2025, and are signed on its behalf by:
WALKER, Andrew John
Director
Registered Company No. 00549351
SHEPHERD & WALKER LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Current taxation
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment property is carried at fair value determined annually by the directors. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20252024
Average number of employees during the year22
3.Investment property
On April 4th 2010 Westlake & Co valued the property at £475,000. It is the opinion of the directors that this valuation has not materiality altered at the period end date. The historical cost of the property was £28,095 at the year end (2024 - £28,095).

£
Fair value at 01 April 24475,000
At 31 March 25475,000
4.Debtors: amounts due within one year

2025

2024

££
Other debtors81,99580,238
Total81,99580,238
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due within one year

2025

2024

££
Taxation and social security5,5887,332
Other creditors24,12342,123
Accrued liabilities and deferred income3,1534,747
Total32,86454,202
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made.

2025

2024

££
Net deferred tax liability (asset)112,000112,000
Total112,000112,000
7.Revaluation reserve
The revaluation reserve represents the amount of unrealised surplus created when the investment property was revalued, less any deferred tax provision. The reserve represents non-distributable funds.

£
Reserve at 01 April 24334,905
At 31 March 25334,905
8.Related party transactions
Included in other debtors is an amount of £59,715 (2024 - £58,401) owed from a former deceased director, A P Walker. The balance will be repaid to the company out of the estate. Interest of £1,314 (2024 - £2,277) has been charged on the balance in these accounts. Included in Creditors: amounts due within one year - other creditors, are directors loan account balances as follows :- Mr A Walker £12,061 (2024 - £21,061) Mr W N Walker £12,062 (2024 - £21,062)