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REGISTERED NUMBER: 04196498 (England and Wales)
























THE NATIONAL ASSOCIATION OF
MASTER BAKERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THE NATIONAL ASSOCIATION OF
MASTER BAKERS LIMITED (REGISTERED NUMBER: 04196498)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


THE NATIONAL ASSOCIATION OF
MASTER BAKERS LIMITED (REGISTERED NUMBER: 04196498)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 322,819 323,972
Investments 5 358,318 345,278
681,137 669,250

CURRENT ASSETS
Stocks 12,926 8,708
Debtors 6 170,916 133,802
Cash at bank 91,451 85,883
275,293 228,393
CREDITORS
Amounts falling due within one year 7 288,171 236,304
NET CURRENT LIABILITIES (12,878 ) (7,911 )
TOTAL ASSETS LESS CURRENT LIABILITIES 668,259 661,339

PROVISIONS FOR LIABILITIES 58,523 55,173
NET ASSETS 609,736 606,166

RESERVES
Revaluation reserve 8 165,513 165,513
Income and expenditure account 444,223 440,653
609,736 606,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 NATIONAL ASSOCIATION OF
MASTER BAKERS LIMITED (REGISTERED NUMBER: 04196498)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2024 and were signed on its behalf by:





N J T Harris - Director


THE NATIONAL ASSOCIATION OF
MASTER BAKERS LIMITED (REGISTERED NUMBER: 04196498)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The National Association Of Master Bakers Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04196498

Registered office: 21 Baldock Street
Ware
Hertfordshire
SG12 9DH

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

THE NATIONAL ASSOCIATION OF
MASTER BAKERS LIMITED (REGISTERED NUMBER: 04196498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 310,000 7,250 68,138 385,388
Additions - - 595 595
At 31 December 2023 310,000 7,250 68,733 385,983
DEPRECIATION
At 1 January 2023 - - 61,416 61,416
Charge for year - - 1,748 1,748
At 31 December 2023 - - 63,164 63,164
NET BOOK VALUE
At 31 December 2023 310,000 7,250 5,569 322,819
At 31 December 2022 310,000 7,250 6,722 323,972

Cost or valuation at 31 December 2023 is represented by:

Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
Valuation in 2020 97,092 - - 97,092
Valuation in 2021 30,000 - - 30,000
Cost 182,908 7,250 68,733 258,891
310,000 7,250 68,733 385,983

The freehold property at 21 Baldock Street, Ware, Herts was revalued by A K Thomas of Withers Thomas on 31 March 2022 at the request of the directors. The valuation of £310,000 is included in these accounts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 345,278
Revaluations 13,040
At 31 December 2023 358,318
NET BOOK VALUE
At 31 December 2023 358,318
At 31 December 2022 345,278

THE NATIONAL ASSOCIATION OF
MASTER BAKERS LIMITED (REGISTERED NUMBER: 04196498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2019 316,242
Valuation in 2020 137,822
Valuation in 2021 4,050
Valuation in 2022 (112,836 )
Valuation in 2023 13,040
358,318

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 154,642 115,123
Other debtors 16,274 18,679
170,916 133,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 45,565 43,188
Taxation and social security 29,669 15,547
Other creditors 212,937 177,569
288,171 236,304

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 165,513