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REGISTERED NUMBER: 14657392 (England and Wales)












AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

13 FEBRUARY 2023 TO 28 FEBRUARY 2024

FOR

BAKERS INVESTMENTS LIMITED

BAKERS INVESTMENTS LIMITED (REGISTERED NUMBER: 14657392)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 13 February 2023 to 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAKERS INVESTMENTS LIMITED

COMPANY INFORMATION
for the period 13 February 2023 to 28 February 2024







DIRECTOR: P A Baker





REGISTERED OFFICE: 70 Boston Road
Leicester
LE4 1AW





REGISTERED NUMBER: 14657392 (England and Wales)





AUDITORS: Magma Audit LLP (part of the Dains Group)
Chartered Accountants
Statutory Auditor
Unit 2, Charnwood Edge Business Park
Syston Road
Leicestershire
LE7 4UZ

BAKERS INVESTMENTS LIMITED (REGISTERED NUMBER: 14657392)

BALANCE SHEET
28 February 2024

Notes £   
FIXED ASSETS
Investment property 4 1,824,370

CURRENT ASSETS
Debtors 5 1,329,055
Cash at bank 8,910
1,337,965
CREDITORS
Amounts falling due within one year 6 (38,813 )
NET CURRENT ASSETS 1,299,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,123,522

CREDITORS
Amounts falling due after more than one
year

7

(1,312,500

)
NET ASSETS 1,811,022

CAPITAL AND RESERVES
Called up share capital 1,800,000
Retained earnings 11,022
SHAREHOLDERS' FUNDS 1,811,022

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2025 and were signed by:





P A Baker - Director


BAKERS INVESTMENTS LIMITED (REGISTERED NUMBER: 14657392)

NOTES TO THE FINANCIAL STATEMENTS
for the period 13 February 2023 to 28 February 2024


1. STATUTORY INFORMATION

Bakers Investments Limited is a limited company, registered in England and Wales. Its registered office address is 70 Boston Road, Leicester, LE4 1AW and the registered number is 14657392.

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.

The financial statements are prepared in Pounds Sterling, which is the functional currency of the Company, and rounded to the nearest £.

The financial statements have been drawn up for the period from incorporation on 13 February 2023 to 28 February 2024.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue relates to rental income from investment properties and is recognised on a straight line basis over the period of the lease. Where lease incentives are given they are recognised over the lease term on a straight line basis.

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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

BAKERS INVESTMENTS LIMITED (REGISTERED NUMBER: 14657392)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 13 February 2023 to 28 February 2024


2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Borrowing costs
All borrowing costs are recognised in the profit or loss in the year in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,824,370
At 28 February 2024 1,824,370
NET BOOK VALUE
At 28 February 2024 1,824,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 1,329,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 10,674
Other creditors 28,139
38,813

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 1,312,500

BAKERS INVESTMENTS LIMITED (REGISTERED NUMBER: 14657392)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 13 February 2023 to 28 February 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 1,312,500

The bank loan is interest-only for the first five years at a rate of 7.89% with the balance being repayable in July 2028. The loan is secured by a fixed charge over the investment property and guaranteed by the company.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Luke Turner FCA FCCA (Senior Statutory Auditor)
for and on behalf of Magma Audit LLP (part of the Dains Group)