Shepherd Independent Financial Advisers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05341435

Shepherd Independent Financial Advisers Limited

Filleted Unaudited Financial Statements

30 April 2026

Shepherd Independent Financial Advisers Limited

Financial Statements

Year ended 30 April 2026

Contents	Pages

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 7

Shepherd Independent Financial Advisers Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Shepherd Independent Financial Advisers Limited

Year ended 30 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shepherd Independent Financial Advisers Limited for the year ended 30 April 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Shepherd Independent Financial Advisers Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Shepherd Independent Financial Advisers Limited and state those matters that we have agreed to state to him in this report in accordance with AAF 02/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not assume responsibility to anyone other than Shepherd Independent Financial Advisers Limited and its director for our work or for this report.

It is your duty to ensure that Shepherd Independent Financial Advisers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shepherd Independent Financial Advisers Limited. You consider that Shepherd Independent Financial Advisers 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 financial statements of Shepherd Independent Financial Advisers 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 financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

13 August 2026

Shepherd Independent Financial Advisers Limited

Statement of Financial Position

30 April 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	3,979	5,305

Current assets

Debtors	7	9,917	1,760
Cash at bank and in hand		87,246	80,952
		--------	--------
		97,163	82,712

Creditors: amounts falling due within one year	8	24,126	21,083
		--------	--------
Net current assets		73,037	61,629
		--------	--------
Total assets less current liabilities		77,016	66,934

Provisions

Taxation including deferred tax	927	1,243
	--------	--------
Net assets	76,089	65,691
	--------	--------

Shepherd Independent Financial Advisers Limited

Statement of Financial Position (continued)

30 April 2026

	2026	2025
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	75,989	65,591
	--------	--------
Shareholder funds	76,089	65,691
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2026 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 year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 August 2026 , and are signed on behalf of the board by:

Mr P A Shepherd
Director

Company registration number: 05341435

Shepherd Independent Financial Advisers Limited

Notes to the Financial Statements

Year ended 30 April 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hilltop House, 302 Ringinglow Road, Sheffield, S11 7PX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents commissions receivable and fees invoiced during the year, including any income derived from business written prior to the year end date but not received until thereafter.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2025: 6 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 May 2025 and 30 April 2026	48,000
	--------
Amortisation
At 1 May 2025 and 30 April 2026	48,000
	--------
Carrying amount
At 30 April 2026	–
	--------
At 30 April 2025	–
	--------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 May 2025 and 30 April 2026	21,026	21,026
	--------	--------
Depreciation
At 1 May 2025	15,721	15,721
Charge for the year	1,326	1,326
	--------	--------
At 30 April 2026	17,047	17,047
	--------	--------
Carrying amount
At 30 April 2026	3,979	3,979
	--------	--------
At 30 April 2025	5,305	5,305
	--------	--------

7. Debtors

	2026	2025
	£	£
Other debtors	9,917	1,760
	-------	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	18,147	15,778
Social security and other taxes	1,487	1,234
Other creditors	4,492	4,071
	--------	--------
	24,126	21,083
	--------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	13,200	13,200
	--------	--------

10. Contingencies

Given the nature and operational practices of the industry, income generated can be subject to subsequent clawback for various reasons. There is, therefore, a contingent liability for such income clawbacks, the quantum of which cannot be determined.