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REGISTERED NUMBER: 00691259 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2023

for

Hadleigh Bakery Limited

Hadleigh Bakery Limited (Registered number: 00691259)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hadleigh Bakery Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: G Judd
Mrs D C Judd





SECRETARY: Mrs D C Judd





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 00691259 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Hadleigh Bakery Limited (Registered number: 00691259)

Balance Sheet
30 June 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
13,384 Tangible assets 4 10,037
147,293 Investments 5 191,224
14,505,498 Investment property 6 13,388,000
14,666,175 13,589,261

CURRENT ASSETS
594,548 Debtors 7 597,590
1,349,112 Cash at bank and in hand 1,310,539
1,943,660 1,908,129
CREDITORS
1,192,415 Amounts falling due within one year 8 667,986
751,245 NET CURRENT ASSETS 1,240,143
15,417,420 TOTAL ASSETS LESS CURRENT
LIABILITIES

14,829,404

CREDITORS
(2,546,508 ) Amounts falling due after more than one
year

9

(3,544,939

)

(159,994 ) PROVISIONS FOR LIABILITIES -
12,710,918 NET ASSETS 11,284,465

CAPITAL AND RESERVES
890 Called up share capital 890
214 Capital redemption reserve 214
12,709,814 Retained earnings 11,283,361
12,710,918 SHAREHOLDERS' FUNDS 11,284,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Hadleigh Bakery Limited (Registered number: 00691259)

Balance Sheet - continued
30 June 2023


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 7 March 2024 and were signed on its behalf by:




G Judd - Director



Mrs D C Judd - Director


Hadleigh Bakery Limited (Registered number: 00691259)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Hadleigh Bakery 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

No depreciation is charged on land and buildings, as these are held as investment properties.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 51,814
DEPRECIATION
At 1 July 2022 38,430
Charge for year 3,347
At 30 June 2023 41,777
NET BOOK VALUE
At 30 June 2023 10,037
At 30 June 2022 13,384

Hadleigh Bakery Limited (Registered number: 00691259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2022 147,293
Additions 40,000
Revaluations 3,931
At 30 June 2023 191,224
NET BOOK VALUE
At 30 June 2023 191,224
At 30 June 2022 147,293

Cost or valuation at 30 June 2023 is represented by:

Other
investments
£   
Valuation in 2022 (3,737 )
Valuation in 2023 3,931
Cost 191,030
191,224

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 14,505,498
Additions 871,358
Disposals (215,000 )
Revaluations (1,773,856 )
At 30 June 2023 13,388,000
NET BOOK VALUE
At 30 June 2023 13,388,000
At 30 June 2022 14,505,498

Hadleigh Bakery Limited (Registered number: 00691259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2009 2,239,028
Valuation in 2012 768,583
Valuation in 2015 652,750
Valuation in 2017 1,306,023
Valuation in 2018 325,660
Valuation in 2019 (1,154,539 )
Valuation in 2020 556,562
Valuation in 2021 968,522
Valuation in 2022 (837,787 )
Valuation in 2023 (1,773,856 )
Cost 10,337,054
13,388,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,135 7,583
Other debtors 594,455 586,965
597,590 594,548

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 220,409 784,328
Taxation and social security 122,681 107,231
Other creditors 324,896 300,856
667,986 1,192,415

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 3,323,439 2,546,508
Other creditors 221,500 -
3,544,939 2,546,508

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years
repayable by instalments 2,441,804 2,007,851
2,441,804 2,007,851

Hadleigh Bakery Limited (Registered number: 00691259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 3,543,848 3,330,836

The bank loans are secured by fixed charges over certain of the company's freehold properties.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Watts Foundation.