REGISTERED NUMBER: 09506125 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Shepherd Live Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

10,612

13,046

CURRENT ASSETS

Debtors

5

6,563

7,963

Cash at bank

800

3,607

7,363

11,570

CREDITORS

Amounts falling due within one year

6

14,446

23,812

NET CURRENT LIABILITIES

(7,083

)

(12,242

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,529

804

CREDITORS

Amounts falling due after more than one year

7

10,287

11,969

NET LIABILITIES

(6,758

)

(11,165

)

CAPITAL AND RESERVES

Called up share capital

8

101

101

Retained earnings

(6,859

)

(11,266

)

SHAREHOLDERS' FUNDS

(6,758

)

(11,165

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 19 December 2025 and were signed by:

J H E Shepherd - Director

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 Drive, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

54,586

Additions

4,400

At 31 March 2025

58,986

DEPRECIATION

At 1 April 2024

41,540

Charge for year

6,834

At 31 March 2025

48,374

NET BOOK VALUE

At 31 March 2025

10,612

At 31 March 2024

13,046

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,355

800

Amounts owed by group undertakings

-

1,955

Other debtors

5,208

5,208

6,563

7,963

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,909

6,365

Trade creditors

-

1,512

Amounts owed to group undertakings

3,189

-

Taxation and social security

47

28

Other creditors

6,301

15,907

14,446

23,812

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

10,287

11,969

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,087

2,769

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

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.