REGISTERED NUMBER: 06002856 (England and Wales)

Financial Statements for the Year Ended 30 November 2025

for

Shepherds Estate Agents Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

9

DIRECTORS:

A F Sanders

Mrs D J Sanders

SECRETARY:

Mrs D J Sanders

REGISTERED OFFICE:

Building 1

St. Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

REGISTERED NUMBER:

06002856 (England and Wales)

ACCOUNTANTS:

Reece & Co.

Building 1

St. Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

FIXED ASSETS

Intangible assets

4

57,253

87,885

Tangible assets

5

13,312

11,383

70,565

99,268

CURRENT ASSETS

Debtors

6

245,753

231,964

Cash at bank and in hand

7

623,220

565,572

868,973

797,536

CREDITORS

Amounts falling due within one year

8

541,369

484,162

NET CURRENT ASSETS

327,604

313,374

TOTAL ASSETS LESS CURRENT LIABILITIES

398,169

412,642

CREDITORS

Amounts falling due after more than one year

9

(20,000

)

(20,000

)

PROVISIONS FOR LIABILITIES

10

(3,274

)

(2,779

)

NET ASSETS

374,895

389,863

CAPITAL AND RESERVES

Called up share capital

11

300

300

Retained earnings

12

374,595

389,563

SHAREHOLDERS' FUNDS

374,895

389,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by:

A F Sanders - Director

Mrs D J Sanders - Director

1.	STATUTORY INFORMATION

Shepherds Estate Agents Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 fees receivable, excluding value added tax.

Goodwill

Goodwill being amount paid in connection with the acquisition of the business in 2011 is being amortised evenly over the estimated useful live of twenty years. The Goodwill being amounts paid in connection with the acquisition of a business in 2016, is being amortised evenly over the estimated useful life of eight years.

The balance of the Goodwill paid in 2018 in connection with the acquisition of a business in 2016, is also being amortised evenly over the estimated useful life of eight years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

50% on reducing balance and 25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance and 50% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

425,057

AMORTISATION

At 1 December 2024

337,172

Amortisation for year

30,632

At 30 November 2025

367,804

NET BOOK VALUE

At 30 November 2025

57,253

At 30 November 2024

87,885

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

10,000

47,370

9,570

69,429

136,369

Additions

-

-

-

5,384

5,384

At 30 November 2025

10,000

47,370

9,570

74,813

141,753

DEPRECIATION

At 1 December 2024

983

47,067

9,176

67,760

124,986

Charge for year

200

147

97

3,011

3,455

At 30 November 2025

1,183

47,214

9,273

70,771

128,441

NET BOOK VALUE

At 30 November 2025

8,817

156

297

4,042

13,312

At 30 November 2024

9,017

303

394

1,669

11,383

6.

DEBTORS

30.11.25

30.11.24

£

£

Amounts falling due within one year:

Trade debtors

10,740

21,490

Other debtors and prepayments

27,109

6,438

37,849

27,928

Amounts falling due after more than one year:

Amounts owed by associates

207,904

204,036

Aggregate amounts

245,753

231,964

7.	CASH AT BANK AND IN HAND

Cash at bank and in hand includes £297,682 held in designated clients accounts.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

12,228

12,534

Tax

24,412

43,878

Social security and other taxes

7,428

4,883

VAT

34,447

31,443

Creditors and Accruals

140,536

73,600

Clients Deposits

297,682

302,965

Directors' current accounts

24,636

14,859

541,369

484,162

Included in other creditors are amounts due to Clients (Tenants) of £297,682. As stated in Note 9 an amount of £297,682 is held in designated Client bank accounts.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Deferred directors loans

20,000

20,000

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

3,274

2,779

Deferred

tax

£

Balance at 1 December 2024

2,779

Provided during year

495

Balance at 30 November 2025

3,274

Deferred tax arises from accelerated Capital Allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

'A' Ordinary

£1-00

100

100

100

'B' Ordinary

£1-00

100

100

100

'C' Ordinary

£1-00

100

100

300

300

12.

RESERVES

Retained

earnings

£

At 1 December 2024

389,563

Profit for the year

45,032

Dividends

(60,000

)

At 30 November 2025

374,595

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2024 - £80,000) were paid to the directors.

The company has advanced a loan to a company controlled by the directors. At the year end, the amount outstanding on this loan was £207,904 (2024 - £204,036)

14.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Reece & Co.

Building 1

St. Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

13 August 2026