Registered number
07842738
Cake Positive Limited
Unaudited Filleted Accounts
29 February 2024
Cake Positive Limited
Registered number: 07842738
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 145,010 145,010
Current assets
Debtors 5 201 201
Creditors: amounts falling due within one year 6 (50,818) (47,818)
Net current liabilities (50,617) (47,617)
Net assets 94,393 97,393
Capital and reserves
Called up share capital 601 601
Capital redemption reserve 200 200
Profit and loss account 93,592 96,592
Shareholders' funds 94,393 97,393
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alan Poole
Director
Approved by the board on 11 November 2024
Cake Positive Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share based payments
Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

The expense in relation to options over the company's shares granted to employees of a subsidiary is recognised by the company as a capital contribution, and presented as an increase in the company's investment in the subsidiary.

Cancellations or settlements are treated as acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Share based payments
The company has an employee share option scheme to enable employees of the subsidiary company to acquire fully paid C ordinary shares in the capital of the company under the relevant terms and conditions of the scheme. The scheme operates over a term not exceeding 10 years. The number of shares over which options are granted was 3,500 at the start of the year and at the balance sheet date.

At the start of the year, the weighted average exercise price of options granted was £0.01 with 4 participants. Options over 1500 shares at an average exercise price of £0.01 were forfeited by 2 participants during the year. Options over 1500 shares at an average exercise price of £19.14 were awarded to 4 participants during the year. At the balance sheet date the total number of shares under option was 3,500, with 6 potential participants. The weighted average exercise price of options outstanding at the year end was £8.21. An expense of £nil was recognised in the year.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 March 2023 145,010
At 29 February 2024 145,010
Historical cost
At 1 March 2023 145,010
At 29 February 2024 145,010
5 Debtors 2024 2023
£ £
Other debtors 201 201
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 49,798 46,558
Other creditors 1,020 1,260
50,818 47,818
7 Other information
Cake Positive Limited is a private company limited by shares and incorporated in England. Its registered office is:
2-4 The Byres
Wicklesham Lodge Farm
Faringdon
SN7 7PN
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