Caseware UK (AP4) 2022.0.179 2022.0.179 2022-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12537247 2022-04-01 2023-03-31 12537247 2021-04-01 2022-03-31 12537247 2023-03-31 12537247 2022-03-31 12537247 c:Director2 2022-04-01 2023-03-31 12537247 d:CurrentFinancialInstruments 2023-03-31 12537247 d:CurrentFinancialInstruments 2022-03-31 12537247 d:Non-currentFinancialInstruments 2023-03-31 12537247 d:Non-currentFinancialInstruments 2022-03-31 12537247 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12537247 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12537247 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12537247 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12537247 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12537247 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 12537247 d:ShareCapital 2023-03-31 12537247 d:ShareCapital 2022-03-31 12537247 d:RetainedEarningsAccumulatedLosses 2023-03-31 12537247 d:RetainedEarningsAccumulatedLosses 2022-03-31 12537247 c:FRS102 2022-04-01 2023-03-31 12537247 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12537247 c:FullAccounts 2022-04-01 2023-03-31 12537247 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12537247 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12537247









Baking Bread Ltd







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
Baking Bread Ltd
Registered number: 12537247

Balance Sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,110,441
1,110,441

  
1,110,441
1,110,441

Current assets
  

Debtors: amounts falling due within one year
 5 
688,239
133,429

Cash at bank and in hand
 6 
249,785
106,264

  
938,024
239,693

Creditors: amounts falling due within one year
 7 
(39,540)
(10,325)

Net current assets
  
 
 
898,484
 
 
229,368

Total assets less current liabilities
  
2,008,925
1,339,809

Creditors: amounts falling due after more than one year
 8 
(1,681,968)
(1,012,852)

  

Net assets
  
326,957
326,957


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
325,957
325,957

  
326,957
326,957


Page 1

 
Baking Bread Ltd
Registered number: 12537247
    
Balance Sheet (continued)
As at 31 March 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Dwek
Director

Date: 10 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Baking Bread Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

1.


General information

Baking Bread Ltd is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 20 Greenhill Crescent, Watford, Hertfordshire, WD18 8JA.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
Baking Bread Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
Baking Bread Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
1,110,441



At 31 March 2023
1,110,441





5.


Debtors

2023
2022
£
£


Trade debtors
136,277
42,000

Amounts owed by group undertakings
410,069
-

Other debtors
-
25,365

Prepayments and accrued income
141,893
66,064

688,239
133,429



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
249,785
106,264

249,785
106,264


Page 5

 
Baking Bread Ltd
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,346
36

Other taxation and social security
29,806
6,830

Other creditors
5,388
1,959

Accruals and deferred income
2,000
1,500

39,540
10,325



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
1,562,402
950,000

Accruals and deferred income
119,566
62,852

1,681,968
1,012,852



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Other loans
1,562,402
950,000


1,562,402
950,000



1,562,402
950,000



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,940 (2022: £1,960). Contributions totalling £4,900 (2022: £1,960) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 6