Company No:
Contents
DIRECTORS | Alison Jane Swan Parente |
Mark Garry (Appointed 01 December 2023) | |
Aaron Rosenberg (Appointed 01 April 2024) |
SECRETARY | Sarah Andrew |
REGISTERED OFFICE | Portland Estate Office Cavendish House |
Welbeck | |
Worksop | |
S80 3LL | |
United Kingdom |
COMPANY NUMBER | 06452260 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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79,727 | 80,915 | |||
Current assets | ||||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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288,571 | 187,363 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 217,284 | 127,686 | ||
Total assets less current liabilities | 297,011 | 208,601 | ||
Creditors: amounts falling due after more than one year | 6 |
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of The Welbeck Bakehouse Limited (registered number:
Alison Jane Swan Parente
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The Welbeck Bakehouse Limited (the Company) is a private company, limited by shares, incorporated in England and Wales. The address of the Company's registered office is Portland Estate Office Cavendish House, Welbeck, Worksop, S80 3LL, United Kingdom.
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements have been prepared under the historical cost convention.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but are not reversed by the balance sheet date, except as required by FRS102, or as stated in the Accounting Policies.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the rates and laws that have been enacted or substantively enacted by the reporting date.
Grants are recognised as turnover when the material conditions attached to the grant have been met. Grants received in respect of specific capital expenditure are recognised as turnover over the useful economic life of the corresponding fixed asset.
Land and buildings |
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Plant and machinery |
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Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Plant and machinery | Office equipment | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 February 2023 |
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Additions |
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At 31 January 2024 |
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Accumulated depreciation | |||||||
At 01 February 2023 |
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Charge for the financial year |
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At 31 January 2024 |
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Net book value | |||||||
At 31 January 2024 |
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At 31 January 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Deferred tax asset |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Other taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Other loans |
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Deferred income |
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2024 | 2023 | ||
£ | £ | ||
At the beginning of financial year |
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Credited to the Profit and Loss Account |
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At the end of financial year |
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The total amount of financial commitments not included in the balance sheet is £86,326 (2023 - £95,275).
Transactions with owners holding a participating interest in the entity
During the year The Welbeck Estates Company, a company with a significant interest in The Welbeck Bakehouse Limited, paid expenses on behalf of the company to the sum of £98,870 (2023 - £88,326).
The company had an outstanding loan due to A Swan Parente, the company's director. The loan is interest free and due for repayment on 12 months and one day's notice. During the year the company made a loan repayment of £32,000 (2023 -£5,000) to A Swan Parente. At the balance sheet date the amount due to A Swan Parente was £nil (2023 -£32,000).