Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Alison Jane Swan Parente 13/12/2007 Mark Garry 01/12/2023 Aaron Rosenberg 01/04/2024 28 August 2024 no description of principal activity 06452260 2024-01-31 06452260 bus:Director1 2024-01-31 06452260 bus:Director2 2024-01-31 06452260 bus:Director3 2024-01-31 06452260 2023-01-31 06452260 core:CurrentFinancialInstruments 2024-01-31 06452260 core:CurrentFinancialInstruments 2023-01-31 06452260 core:Non-currentFinancialInstruments 2024-01-31 06452260 core:Non-currentFinancialInstruments 2023-01-31 06452260 core:ShareCapital 2024-01-31 06452260 core:ShareCapital 2023-01-31 06452260 core:RetainedEarningsAccumulatedLosses 2024-01-31 06452260 core:RetainedEarningsAccumulatedLosses 2023-01-31 06452260 core:LandBuildings 2023-01-31 06452260 core:PlantMachinery 2023-01-31 06452260 core:OfficeEquipment 2023-01-31 06452260 core:LandBuildings 2024-01-31 06452260 core:PlantMachinery 2024-01-31 06452260 core:OfficeEquipment 2024-01-31 06452260 2022-01-31 06452260 2023-02-01 2024-01-31 06452260 bus:FilletedAccounts 2023-02-01 2024-01-31 06452260 bus:SmallEntities 2023-02-01 2024-01-31 06452260 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06452260 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06452260 bus:Director1 2023-02-01 2024-01-31 06452260 bus:Director2 2023-02-01 2024-01-31 06452260 bus:Director3 2023-02-01 2024-01-31 06452260 core:LandBuildings core:TopRangeValue 2023-02-01 2024-01-31 06452260 core:PlantMachinery core:TopRangeValue 2023-02-01 2024-01-31 06452260 core:OfficeEquipment core:TopRangeValue 2023-02-01 2024-01-31 06452260 2022-02-01 2023-01-31 06452260 core:LandBuildings 2023-02-01 2024-01-31 06452260 core:PlantMachinery 2023-02-01 2024-01-31 06452260 core:OfficeEquipment 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 06452260 (England and Wales)

THE WELBECK BAKEHOUSE LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

THE WELBECK BAKEHOUSE LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

THE WELBECK BAKEHOUSE LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2024
THE WELBECK BAKEHOUSE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
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)
THE WELBECK BAKEHOUSE LIMITED

BALANCE SHEET

As at 31 January 2024
THE WELBECK BAKEHOUSE LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 79,727 80,915
79,727 80,915
Current assets
Stocks 17,144 13,377
Debtors 4 187,089 111,116
Cash at bank and in hand 84,338 62,870
288,571 187,363
Creditors: amounts falling due within one year 5 ( 71,287) ( 59,677)
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 0 ( 32,429)
Net assets 297,011 176,172
Capital and reserves
Called-up share capital 855,000 855,000
Profit and loss account ( 557,989 ) ( 678,828 )
Total shareholder's funds 297,011 176,172

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Welbeck Bakehouse Limited (registered number: 06452260) were approved and authorised for issue by the Board of Directors on 28 August 2024. They were signed on its behalf by:

Alison Jane Swan Parente
Director
THE WELBECK BAKEHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
THE WELBECK BAKEHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Turnover

Turnover represents amounts receivable, net of VAT, for goods and services provided in the ordinary course of business as a bakery. Turnover is recognised when goods are delivered to the customer.

Taxation


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.

Grant income

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.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is charged so as to write off the cost of an asset, less its estimated residual value, on a straight line basis, over the useful economic life of that asset as follows:

Land and buildings 10 years straight line
Plant and machinery 7 years straight line
Office equipment 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Stocks

Stocks comprise raw materials. Stocks are stated at the lower of cost and estimated value in use with regard given to the shelf life of raw materials.

Financial instruments

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.

Defined contribution pension obligation

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 31 24

3. Tangible assets

Land and buildings Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 February 2023 288,738 157,759 2,693 449,190
Additions 0 24,485 0 24,485
At 31 January 2024 288,738 182,244 2,693 473,675
Accumulated depreciation
At 01 February 2023 275,913 89,702 2,660 368,275
Charge for the financial year 2,700 22,940 33 25,673
At 31 January 2024 278,613 112,642 2,693 393,948
Net book value
At 31 January 2024 10,125 69,602 0 79,727
At 31 January 2023 12,825 68,057 33 80,915

4. Debtors

2024 2023
£ £
Trade debtors 113,751 91,901
Deferred tax asset 55,369 0
Other debtors 17,969 19,215
187,089 111,116

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 38,720 24,090
Other taxation and social security 11,323 9,583
Other creditors 21,244 26,004
71,287 59,677

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 0 32,000
Deferred income 0 429
0 32,429

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Credited to the Profit and Loss Account 55,369 0
At the end of financial year 55,369 0

8. Financial commitments

The total amount of financial commitments not included in the balance sheet is £86,326 (2023 - £95,275).

9. Related party transactions

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).