Company No: 13191831 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,858,897		1,853,246
		1,858,897		1,853,246
Current assets
Debtors	4	139		1,785
Cash at bank and in hand		24,698		37,551
		24,837		39,336
Creditors: amounts falling due within one year	5	( 2,016,852)		( 2,015,858)
Net current liabilities		(1,992,015)		(1,976,522)
Total assets less current liabilities		(133,118)		(123,276)
Net liabilities		( 133,118)		( 123,276)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 133,218 )		( 123,376 )
Total shareholder's deficit		( 133,118)		( 123,276)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Good Shepherd Land and Livestock Company Limited (registered number: 13191831) were approved and authorised for issue by the Director on 27 September 2025. They were signed on its behalf by:

D Jaques Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Good Shepherd Land and Livestock Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have prepared the financial statements on the going concern basis. The company has obtained a loan from the parent company, Silvermoon Inc. This loan is repayable on demand, and was obtained from Silvermoon inc to fund the purchase of the land and provide working capital. The Directors have obtained confirmation from Silvermoon Inc that the loan will not be repayable for a period of at least 12 months from the date of approval of these accounts and accordingly have prepared the financial statements on the going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 January 2024	1,839,180		19,500		1,858,680
Additions	0		8,998		8,998
At 31 December 2024	1,839,180		28,498		1,867,678
Accumulated depreciation
At 01 January 2024	0		5,434		5,434
Charge for the financial year	0		3,347		3,347
At 31 December 2024	0		8,781		8,781
Net book value
At 31 December 2024	1,839,180		19,717		1,858,897
At 31 December 2023	1,839,180		14,066		1,853,246

4. Debtors

	2024		2023
	£		£
Other debtors	139		1,785

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Parent undertakings	2,006,583		2,006,583
Accruals and deferred income	10,269		9,275
	2,016,852		2,015,858

6. Related party transactions

Amounts owed to group undertakings
Included within amounts owed to group undertakings is a loan from the parent company.
The loan is an interest free loan and repayable on demand although the parent company has confirmed that the loan will not be recalled for payment within a period of 12 months from the approval of these financial statements.

7. Ultimate controlling party

Parent Company:

Silvermoon Inc

18 King Street Toronto M5C1C4

The company's immediate parent at the year end is Silvermoon Inc, incorporated in Canada.