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REGISTERED NUMBER: 00684493 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BAKERS RECORD SHOPS LIMITED

BAKERS RECORD SHOPS LIMITED (REGISTERED NUMBER: 00684493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAKERS RECORD SHOPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A F Gostling
Mrs C J Gostling





SECRETARY: Mrs C J Gostling





REGISTERED OFFICE: Penham House
104 The Street
Newnham
SITTINGBOURNE
ME9 0LW





REGISTERED NUMBER: 00684493 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

BAKERS RECORD SHOPS LIMITED (REGISTERED NUMBER: 00684493)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 108 127
Investment property 6 240,000 190,000
240,108 190,127

CURRENT ASSETS
Debtors 7 236 202
Cash at bank 19,001 26,803
19,237 27,005
CREDITORS
Amounts falling due within one year 8 2,467 2,411
NET CURRENT ASSETS 16,770 24,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,878

214,721

PROVISIONS FOR LIABILITIES 39,140 -
NET ASSETS 217,738 214,721

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 166,860 156,000
Retained earnings 49,878 57,721
SHAREHOLDERS' FUNDS 217,738 214,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 14th August 2024 and were signed on its behalf by:





A F Gostling - Director


BAKERS RECORD SHOPS LIMITED (REGISTERED NUMBER: 00684493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Bakers Record Shops 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Computer equipment - 15% on reducing balance

In accordance with the requirements of Statement of Standard Accounting Practice No 19, Investment Properties, the freehold investment properties are not subject to periodic charges for depreciation, but are included in the balance sheet at their estimated open market value at the balance sheet date.

Changes in the market value of investment properties are dealt with as a movement on the revaluation reserve unless a deficit (or its reversal) on an individual investment property is expected to be permanent, in which case it is charged (or credited) in the profit and loss account of the period.

This departure from the Companies Act requirement for all fixed assets with a limited useful life to be depreciated is necessary in order to give a true and fair view.

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.

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.

BAKERS RECORD SHOPS LIMITED (REGISTERED NUMBER: 00684493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST OR VALUATION
At 1st April 2023
and 31st March 2024 784
DEPRECIATION
At 1st April 2023 657
Charge for year 19
At 31st March 2024 676
NET BOOK VALUE
At 31st March 2024 108
At 31st March 2023 127


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 190,000
Revaluations 50,000
At 31st March 2024 240,000
NET BOOK VALUE
At 31st March 2024 240,000
At 31st March 2023 190,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 240,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 236 202

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,025 961
Other creditors 1,442 1,450
2,467 2,411

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

BAKERS RECORD SHOPS LIMITED (REGISTERED NUMBER: 00684493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. RESERVES
Revaluation
reserve
£   
At 1st April 2023 156,000
Revaluation adjustment 10,860

At 31st March 2024 166,860

11. ULTIMATE CONTROLLING PARTY

The Company is controlled by the director Mr A F Gostling who is also the majority shareholder.