Shepherds Footwear Limited - Accounts to registrar (filleted) - small 18.2
Shepherds Footwear Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 5 April 2021 |
| for |
| Shepherds Footwear Limited |
| Shepherds Footwear Limited (Registered number: 04555279) |
| Contents of the Financial Statements |
| for the Year Ended 5 April 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Shepherds Footwear Limited |
| Company Information |
| for the Year Ended 5 April 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Registered Auditors |
| 2nd Floor, Woodside House |
| 261 Low Lane |
| Horsforth |
| Leeds |
| West Yorkshire |
| LS18 5NY |
| Shepherds Footwear Limited (Registered number: 04555279) |
| Balance Sheet |
| 5 April 2021 |
| 5.4.21 | 5.4.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Shepherds Footwear Limited (Registered number: 04555279) |
| Balance Sheet - continued |
| 5 April 2021 |
| 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 |
| Shepherds Footwear Limited (Registered number: 04555279) |
| Notes to the Financial Statements |
| for the Year Ended 5 April 2021 |
| 1. | STATUTORY INFORMATION |
| Shepherds Footwear Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents receivable during the year. |
| Tangible fixed assets |
| Office fixtures and fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Financial instruments |
| Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
| 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 NIL (2020 - NIL). |
| Shepherds Footwear Limited (Registered number: 04555279) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Office |
| fixtures |
| and |
| fittings |
| £ |
| COST |
| At 6 April 2020 |
| Disposals | ( |
) |
| At 5 April 2021 |
| DEPRECIATION |
| At 6 April 2020 |
| Eliminated on disposal | ( |
) |
| At 5 April 2021 |
| NET BOOK VALUE |
| At 5 April 2021 |
| At 5 April 2020 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 6 April 2020 |
| and 5 April 2021 |
| NET BOOK VALUE |
| At 5 April 2021 |
| At 5 April 2020 |
| Fair value at 5 April 2021 is represented by: |
| £ |
| Valuation in 2014 | (8,795 | ) |
| Valuation in 2015 | (75,000 | ) |
| Valuation in 2016 | 55,000 |
| Valuation in 2017 | (5,000 | ) |
| Valuation in 2019 | (120,000 | ) |
| Valuation in 2020 | 42,443 |
| Cost | 783,795 |
| 672,443 |
| Shepherds Footwear Limited (Registered number: 04555279) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2021 |
| 5. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 5.4.21 | 5.4.20 |
| £ | £ |
| Cost | 783,795 | 783,795 |
| Investment property was valued on an open market basis on 10 July 2020 by Brackenridge Hanson Tate (BHT) . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 5.4.21 | 5.4.20 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 5.4.21 | 5.4.20 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 5 April 2021 and 5 April 2020: |
| 5.4.21 | 5.4.20 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |