Cake Positive Limited |
Registered number: |
07842738 |
Balance Sheet |
as at 28 February 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Investments |
4 |
|
|
145,010 |
|
|
145,010 |
|
Current assets |
Debtors |
5 |
|
201 |
|
|
- |
|
Creditors: amounts falling due within one year |
6 |
|
(47,818) |
|
|
(46,443) |
|
Net current liabilities |
|
|
|
(47,617) |
|
|
(46,443) |
|
Net assets |
|
|
|
97,393 |
|
|
98,567 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
601 |
|
|
601 |
Capital redemption reserve |
|
|
|
200 |
|
|
200 |
Profit and loss account |
|
|
|
96,592 |
|
|
97,766 |
|
Shareholders' funds |
|
|
|
97,393 |
|
|
98,567 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Alan Poole |
Director |
Approved by the board on 18 October 2023 |
|
Cake Positive Limited |
Notes to the Accounts |
for the year ended 28 February 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Share based payments |
|
Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity. The expense in relation to options over the parent company's shares granted to employees of a subsidiary is recognised by the company as a capital contribution, and presented as an increase in the company's investment in the subsidiary. Cancellations or settlements are treated as acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
3 |
Share based payments |
|
|
The company has an employee share option scheme to enable employees of group companies to acquire fully paid ordinary shares in the capital of the parent company under the relevant terms and conditions of the scheme. The scheme operates over a term not exceeding 10 years. At the balance sheet date the total number of shares potentially involved was 3,500, with 4 potential participants. The exercise price of options granted at the year end was £0.01. An expense of £nil was recognised in the year. |
|
|
|
4 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
|
Cost |
|
At 1 March 2022 |
145,010 |
|
|
At 28 February 2023 |
145,010 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 March 2022 |
145,010 |
|
At 28 February 2023 |
145,010 |
|
|
|
|
|
|
|
|
|
|
|
5 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
201 |
|
- |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
46,558 |
|
46,443 |
|
Other creditors |
1,260 |
|
- |
|
|
|
|
|
|
47,818 |
|
46,443 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Cake Positive Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2-4 The Byres |
|
Wicklesham Lodge Farm |
|
Faringdon |
|
SN7 7PN |