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REGISTERED NUMBER: 00430193 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

W.THOMAS BAKER LIMITED

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Contents of the Financial Statements
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.THOMAS BAKER LIMITED

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Mr D F Baker
Mrs S E Baker Jones
Ms M G B Jones
Mrs J L Wolf
Ms H S Wolf





REGISTERED OFFICE: Cae Llo Brith
Llanystumdwy
Criccieth
Gwynedd
LL52 0LW





REGISTERED NUMBER: 00430193 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,706 27,623
Investments 5 14,044 (8,723 )
Investment property 6 2,543,000 2,020,000
2,560,750 2,038,900

CURRENT ASSETS
Debtors 7 26,803 21,775
Investments 8 2,279 2,214
Cash at bank 68,293 295,404
97,375 319,393
CREDITORS
Amounts falling due within one year 9 245,718 63,060
NET CURRENT (LIABILITIES)/ASSETS (148,343 ) 256,333
TOTAL ASSETS LESS CURRENT LIABILITIES 2,412,407 2,295,233

PROVISIONS FOR LIABILITIES 10 424,266 373,565
NET ASSETS 1,988,141 1,921,668

CAPITAL AND RESERVES
Called up share capital 11 17,866 17,866
Revaluation reserve 12 1,273,125 1,460,353
Capital redemption reserve 12,127 12,127
Retained earnings 685,023 431,322
SHAREHOLDERS' FUNDS 1,988,141 1,921,668

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

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

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Balance Sheet - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2024 and were signed on its behalf by:





Mrs S E Baker Jones - Director


W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

W.thomas Baker 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.

Turnover
Rents receivable from investment properties are included in turnover when receivable and in accordance with the terms of each lease.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investment in subsidiaries are measured at cost less accumulated impairment.

Investments In Listed company shares are remeasured to fair value at each Balance Sheet date.
Gains and losses on remeasurement are recognised in profit or loss for the period.

Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in Statement of Comprehensive Income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 16,241 22,968 15,500 4,197 58,906
Additions - - - 500 500
Impairments - (22,767 ) - - (22,767 )
At 31st December 2023 16,241 201 15,500 4,697 36,639
DEPRECIATION
At 1st January 2023 13,676 201 13,432 3,974 31,283
Charge for year 855 - 517 278 1,650
At 31st December 2023 14,531 201 13,949 4,252 32,933
NET BOOK VALUE
At 31st December 2023 1,710 - 1,551 445 3,706
At 31st December 2022 2,565 22,767 2,068 223 27,623

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023 (8,723 )
Impairments 22,767
At 31st December 2023 14,044
NET BOOK VALUE
At 31st December 2023 14,044
At 31st December 2022 (8,723 )

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 2,020,000
Additions 443,000
Revaluations 80,000
At 31st December 2023 2,543,000
NET BOOK VALUE
At 31st December 2023 2,543,000
At 31st December 2022 2,020,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2023 80,000
Cost 2,463,000
2,543,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,638 1,410
Other debtors 1 -
Directors' loan accounts 10,518 11,564
Tax 4,550 4,550
Prepayments 4,096 4,251
26,803 21,775

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 2,279 2,214
Market value of listed investments at 31st December 2023 - £ 2,279 (2022 - £ 2,214 ).

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 49,979 -
Tax 10,486 12,350
Social security and other taxes 685 (934 )
Other creditors 157,643 27,805
Net wages - 2,829
Directors' loan accounts 5,106 4,302
Deferred income 18,300 16,708
Accrued expenses 3,519 -
245,718 63,060

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances (109 ) (70 )
Capital Gains / (Losses) 424,375 373,635
424,266 373,565

Deferred
tax
£   
Balance at 1st January 2023 373,565
Provided during year 50,701
Balance at 31st December 2023 424,266

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
17,866 Ordinary Voting £1 17,866 17,866

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


12. RESERVES
Revaluation
reserve
£   
At 1st January 2023 1,460,353
No description (187,228 )

At 31st December 2023 1,273,125

13. RELATED PARTY DISCLOSURES

Dividends of £7,503 (December 22 - £15,007) were paid to the directors in the year.

14. ULTIMATE CONTROLLING PARTY

The company is Controlled by the directors.