Company registration number 11680568 (England and Wales)
SHEPHERDROSE INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SHEPHERDROSE INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
SHEPHERDROSE INVESTMENTS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
380,000
380,000
Current assets
Debtors
5
1,961
1,961
Cash at bank and in hand
27,892
23,003
29,853
24,964
Creditors: amounts falling due within one year
6
(10,003)
(10,711)
Net current assets
19,850
14,253
Total assets less current liabilities
399,850
394,253
Creditors: amounts falling due after more than one year
7
(339,315)
(339,315)
Provisions for liabilities
(12,746)
(12,746)
Net assets
47,789
42,192
Capital and reserves
Called up share capital
100
100
Other reserves
38,239
38,239
Profit and loss reserves
9,450
3,853
Total equity
47,789
42,192

The notes on pages 4 to 6 form part of these financial statements.

SHEPHERDROSE INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -

For the financial year ended 30 November 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 in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 August 2025 and are signed on its behalf by:
Mr A Shepherd
Director
Company registration number 11680568 (England and Wales)
SHEPHERDROSE INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
Share capital
Fair value reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 December 2022
100
30,825
(5,415)
25,510
Year ended 30 November 2023:
Profit and total comprehensive income
-
-
16,682
16,682
Transfers
-
7,414
(7,414)
-
Balance at 30 November 2023
100
38,239
3,853
42,192
Year ended 30 November 2024:
Profit and total comprehensive income
-
-
5,597
5,597
Balance at 30 November 2024
100
38,239
9,450
47,789

The notes on pages 4 to 6 form part of these financial statements.

SHEPHERDROSE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
1
Accounting policies
Company information

Shepherdrose Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Grange, Warren Estate, Lordship Road, Writtle, Essex, CM1 3WT.

 

The company is not part of a group.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

1.3
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including debtors, creditors and bank balances. Basic short term financial assets are measured at the transaction price, less any impairment and basic short term financial liabilities are measured at the transaction price. Other financial liabilities including loans, are also measured at transaction price since the difference between this basis and the amortised cost is not material.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SHEPHERDROSE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

2
Judgements and key sources of estimation uncertainty

No significant judgements or estimations have been applied in the preparation of the financial statements.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
4
Investment property
2024
£
Fair value
At 1 December 2023 and 30 November 2024
380,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 30 November 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

SHEPHERDROSE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
4
Investment property
(Continued)
- 6 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2024
2023
£
£
Cost
329,015
329,015
Accumulated depreciation
-
-
Carrying amount
329,015
329,015
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,961
1,961
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
1,351
854
Other creditors
8,652
9,857
10,003
10,711
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
117,965
117,965
Other creditors
221,350
221,350
339,315
339,315
Creditors which fall due after five years are payable as follows:
Payable by instalments
(117,965)
(117,965)

The bank loan is a mortgage secured against the company's investment property.

8
Related party transactions

At the balance sheet date an amount of £221,350 (2023: £221,350), was due to to Shepherdrose Limited, a company under common control. This balance is included within other creditors.

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