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REGISTERED NUMBER: SC586255 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Home Bakery (Macduff) Ltd

Home Bakery (Macduff) Ltd (Registered number: SC586255)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Home Bakery (Macduff) Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: H W McLeay
Mrs S L Davis
J S McLeay
J W McLeay





REGISTERED OFFICE: Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB





BUSINESS ADDRESS: 18 Duff Street
MACDUFF
AB44 1TL





REGISTERED NUMBER: SC586255 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

Home Bakery (Macduff) Ltd (Registered number: SC586255)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 177,402 204,187
Investment property 5 70,000 70,000
247,402 274,187

CURRENT ASSETS
Stocks 1,109 4,126
Debtors 6 6,926 12,565
Cash at bank and in hand 50,000 41,026
58,035 57,717
CREDITORS
Amounts falling due within one
year

7

(650,530

)

(642,530

)
NET CURRENT LIABILITIES (592,495 ) (584,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(345,093

)

(310,626

)

PROVISIONS FOR LIABILITIES (5,210 ) (4,850 )
NET LIABILITIES (350,303 ) (315,476 )

CAPITAL AND RESERVES
Called up share capital 120 120
Fair value reserve 8 (11,053 ) (11,053 )
Retained earnings (339,370 ) (304,543 )
(350,303 ) (315,476 )

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

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

Home Bakery (Macduff) Ltd (Registered number: SC586255)

Balance Sheet - continued
30 September 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 26 August 2024 and were signed on its behalf by:




H W McLeay - Director Mrs S L Davis - Director




J S McLeay - Director J W McLeay - Director


Home Bakery (Macduff) Ltd (Registered number: SC586255)

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

1. STATUTORY INFORMATION

Home Bakery (Macduff) Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

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 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.

Home Bakery (Macduff) Ltd (Registered number: SC586255)

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

2. ACCOUNTING POLICIES - continued

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.

Going concern
Although the going concern basis has been adopted in these accounts, its continued appropriateness is dependent upon future trading performance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2022 37,468 192,336 93,945
Additions - - 699
Disposals - - (179 )
At 30 September 2023 37,468 192,336 94,465
DEPRECIATION
At 1 October 2022 - 78,621 43,457
Charge for year - 19,237 7,663
Eliminated on disposal - - (86 )
At 30 September 2023 - 97,858 51,034
NET BOOK VALUE
At 30 September 2023 37,468 94,478 43,431
At 30 September 2022 37,468 113,715 50,488

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 3,631 2,800 330,180
Additions - - 699
Disposals - - (179 )
At 30 September 2023 3,631 2,800 330,700
DEPRECIATION
At 1 October 2022 1,745 2,170 125,993
Charge for year 283 208 27,391
Eliminated on disposal - - (86 )
At 30 September 2023 2,028 2,378 153,298
NET BOOK VALUE
At 30 September 2023 1,603 422 177,402
At 30 September 2022 1,886 630 204,187

Home Bakery (Macduff) Ltd (Registered number: SC586255)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 70,000
NET BOOK VALUE
At 30 September 2023 70,000
At 30 September 2022 70,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2020 (11,053 )
Cost 81,053
70,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 81,053 81,053
Aggregate depreciation (9,596 ) (7,976 )

investment property was valued on an open market basis on 30 September 2020 by DM Hall Chartered Surveyors .

The investment property was not re-valued by an independent valuer at the balance sheet date, in the opinion of the directors the value of the investment property has not altered since the last independent valuation in September 2020.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 727 795
Tax recoverable 273 273
PAYE 3,724 -
Prepayments 2,202 11,497
6,926 12,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other loans 624,790 624,790
Trade creditors 12,557 9,398
PAYE - 888
VAT 3,314 2,707
Accrued expenses 9,869 4,747
650,530 642,530

Home Bakery (Macduff) Ltd (Registered number: SC586255)

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

8. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 (11,053 )

9. RELATED PARTY DISCLOSURES

There was no movement in the loan from Backlaw Limited (parent company) during the year. The balance in 2023 and 2022 was £624,790 and this loan is unsecured, interest free and repayable on demand.




Home Bakery (Macduff) Ltd

Report of the Accountants to the Directors of
Home Bakery (Macduff) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report in accordance with the requirements of the Institute of Financial Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


2 September 2024