Registration number:
Shepherd Systems Limited
for the Year Ended 31 October 2025
Shepherd Systems Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Abridged Financial Statements |
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iXBRL Detailed Profit and Loss Account |
Shepherd Systems Limited
Company Information
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Director |
Mr DB Waterhouse |
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Registered office |
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Accountants |
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Shepherd Systems Limited
Director's Report for the Year Ended 31 October 2025
The director presents his report and the abridged financial statements for the year ended 31 October 2025.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is Letting Of Own Property
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Shepherd Systems Limited
for the Year Ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shepherd Systems Limited for the year ended 31 October 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of Shepherd Systems Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Shepherd Systems Limited and state those matters that we have agreed to state to the Board of Directors of Shepherd Systems Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shepherd Systems Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Shepherd Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Shepherd Systems Limited. You consider that Shepherd Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Shepherd Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Certified Accountants
Penryn
Cornwall
TR10 8AW
Shepherd Systems Limited
Abridged Profit and Loss Account for the Year Ended 31 October 2025
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Note |
2025 |
2024 |
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Gross profit |
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Administrative expenses |
( |
( |
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Loss before tax |
( |
( |
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Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Shepherd Systems Limited
Statement of Comprehensive Income for the Year Ended 31 October 2025
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2025 |
2024 |
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Loss for the year |
( |
( |
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Total comprehensive income for the year |
( |
( |
Shepherd Systems Limited
(Registration number: 04094267)
Abridged Balance Sheet as at 31 October 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Prepayments and accrued income |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Revaluation reserve |
536,182 |
536,182 |
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Retained earnings |
(105,941) |
(86,818) |
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Shareholders' funds |
431,241 |
450,364 |
For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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Shepherd Systems Limited
Statement of Changes in Equity for the Year Ended 31 October 2025
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Share capital |
Revaluation reserve |
Retained earnings |
Total |
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At 1 November 2024 |
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( |
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Loss for the year |
- |
- |
( |
( |
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At 31 October 2025 |
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( |
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Share capital |
Revaluation reserve |
Retained earnings |
Total |
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At 1 November 2023 |
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Loss for the year |
- |
- |
( |
( |
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At 31 October 2024 |
1,000 |
536,182 |
(86,818) |
450,364 |
Shepherd Systems Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Shepherd Systems Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
Straight line over 20 years |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Shepherd Systems Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025
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Loss before tax |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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Tangible assets |
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Properties under construction |
Plant and machinery |
Office equipment |
Total |
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Cost or valuation |
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At 1 November 2024 |
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At 31 October 2025 |
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Depreciation |
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At 1 November 2024 |
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Charge for the year |
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- |
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At 31 October 2025 |
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Carrying amount |
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At 31 October 2025 |
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- |
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At 31 October 2024 |
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- |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
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Related party transactions |
Included in creditors is an amount of £46,696 (2024: £48,335) due to the Director.
Shepherd Systems Limited
iXBRL Detailed Profit and Loss Account for the Year Ended 31 October 2025
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2025 |
2024 |
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Turnover/revenue |
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Cost of sales |
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Distribution costs |
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Administrative expenses |
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Audit and accountancy other services |
( |
( |
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Rent, rates and services costs |
( |
( |
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Utilities costs |
( |
( |
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Other repairs and maintenance costs |
( |
( |
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Cleaning costs |
( |
( |
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Depreciation of fixed assets |
( |
( |
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Salaries and fees, directors |
( |
( |
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Consultancy costs |
( |
( |
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Travel and subsistence |
( |
( |
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Legal and professional costs |
( |
( |
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Bank charges |
( |
( |
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Insurance costs |
( |
( |
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Telecommunications |
( |
( |
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Printing, postage and stationery |
( |
( |
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Subscriptions |
( |
( |
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Other costs |
( |
( |
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Other operating income |
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Other items |
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Loss for the financial year |
( |
( |