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Registered number: 05278878
Shepherd Marine Limited
Financial Statements
For The Year Ended 30 November 2025
Shepherd Marine Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Shepherd Marine Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 05278878

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 132,235 |  | 156,885
|  |  | 132,235 |  | 156,885
CURRENT ASSETS
Stocks | 5 | 344,706 |  | 258,655 |
Debtors | 6 | 121,251 |  | 240,708 |
Cash at bank and in hand |  | 636,515 |  | 630,531 |
|  | 1,102,472 |  | 1,129,894 |
Creditors: Amounts Falling Due Within One Year | 7 | (346,937 ) |  | (408,711 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 755,535 |  | 721,183
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 887,770 |  | 878,068
PROVISIONS FOR LIABILITIES
Deferred Taxation | 8 |  | (17,266 ) |  | (20,690 )
NET ASSETS |  |  | 870,504 |  | 857,378
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 869,504 |  | 856,378
SHAREHOLDERS' FUNDS |  |  | 870,504 |  | 857,378

Page 1
Page 2
Shepherd Marine Limited
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Malcolm Johnston Director
09/04/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Shepherd Marine Limited
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Shepherd Marine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05278878 . The registered office is The Downs Ashton Road, South Cerney, Cirencester, Gloucestershire, GL7 6DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 10% on cost
Plant & Machinery | 10% to 20% on cost
Computer Equipment | 20% to 50% on cost

2.4. Stocks and Work in Progress
Stocks and are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 2 |  | 2
Sales, marketing and distribution | 6 |  | 6
| 8 |  | 8

Page 3
Page 4
Shepherd Marine Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 December 2024 | 88,363 | 118,807 | 203,143 | 410,313
Additions | - | 3,300 | 36,458 | 39,758
As at 30 November 2025 | 88,363 | 122,107 | 239,601 | 450,071
Depreciation
As at 1 December 2024 | 36,972 | 85,445 | 131,011 | 253,428
Provided during the period | 8,833 | 10,561 | 45,014 | 64,408
As at 30 November 2025 | 45,805 | 96,006 | 176,025 | 317,836
Net Book Value
As at 30 November 2025 | 42,558 | 26,101 | 63,576 | 132,235
As at 1 December 2024 | 51,391 | 33,362 | 72,132 | 156,885

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 303,092 |  | 221,141
Stock - other | 41,614 |  | 37,514
| 344,706 |  | 258,655

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 49,971 |  | 100,072
Prepayments and accrued income | 66,462 |  | 67,623
Other debtors | - |  | 1,378
Corporation tax recoverable assets | 160 |  | 160
Amounts owed by related parties | 4,658 |  | 71,475
| 121,251 |  | 240,708

Page 4
Page 5
Shepherd Marine Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 257,962 |  | 249,049
Corporation tax | 9,952 |  | 25,339
Other taxes and social security | 7,325 |  | 6,895
VAT | 4,955 |  | 34,391
Accruals and deferred income | 54,216 |  | 90,139
Director's loan account | 2,936 |  | 2,898
Amounts owed to related parties | 9,591 |  | -
| 346,937 |  | 408,711

8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 17,266 |  | 20,690

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

10. Directors Advances, Credits and Guarantees
Dividends paid to directors

| 2025 | 2024
--- | --- | ---
| £ | £
Mr Malcolm Johnston | 4,000 | 6,750

11. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 7,273 |  | 12,273

12. Controlling Party
The company's controlling party is Mr M Johnston by virtue of his ownership of 55% (2024: 55%) of the issued share capital in the company.
Page 5