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Company registration number: 13182946
Bakehouse Fitness Limited
Unaudited filleted financial statements
31 May 2024
Bakehouse Fitness Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Bakehouse Fitness Limited
Directors and other information
Directors Mr Benjamin Higgin
Mr Adam Friedlaender
Secretary Mr Benjamin Higgin
Company number 13182946
Registered office 71 - 75 Shelton Street
London
Greater London
WC2H 9JQ
Bakehouse Fitness Limited
Statement of financial position
31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 23,422 43,523
_______ _______
23,422 43,523
Current assets
Debtors 6 43,858 32,501
Cash at bank and in hand 121,443 71,860
_______ _______
165,301 104,361
Creditors: amounts falling due
within one year 7 ( 45,346) ( 37,437)
_______ _______
Net current assets 119,955 66,924
_______ _______
Total assets less current liabilities 143,377 110,447
_______ _______
Net assets 143,377 110,447
_______ _______
Capital and reserves
Called up share capital 200 100
Profit and loss account 143,177 110,347
_______ _______
Shareholders funds 143,377 110,447
_______ _______
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 March 2025 , and are signed on behalf of the board by:
Mr Benjamin Higgin
Director
Company registration number: 13182946
Bakehouse Fitness Limited
Statement of changes in equity
Year ended 31 May 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 June 2022 100 32,172 32,272
Profit for the year 78,175 78,175
_______ _______ _______
Total comprehensive income for the year - 78,175 78,175
_______ _______ _______
At 31 May 2023 and 1 June 2023 100 110,347 110,447
Profit for the year 92,830 92,830
_______ _______ _______
Total comprehensive income for the year - 92,830 92,830
Issue of shares 100 100
Dividends paid and payable ( 60,000) ( 60,000)
_______ _______ _______
Total investments by and distributions to owners 100 ( 60,000) ( 59,900)
_______ _______ _______
At 31 May 2024 200 143,177 143,377
_______ _______ _______
Bakehouse Fitness Limited
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71 - 75 Shelton Street, London, Greater London, WC2H 9JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - Straight line over the life of the lease
Plant and machinery - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Short leasehold property Plant and machinery Total
£ £ £
Cost
At 1 June 2023 and 31 May 2024 39,645 41,003 80,648
_______ _______ _______
Depreciation
At 1 June 2023 17,570 19,555 37,125
Charge for the year 10,189 9,912 20,101
_______ _______ _______
At 31 May 2024 27,759 29,467 57,226
_______ _______ _______
Carrying amount
At 31 May 2024 11,886 11,536 23,422
_______ _______ _______
At 31 May 2023 22,075 21,448 43,523
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 186 473
Other debtors 43,672 32,028
_______ _______
43,858 32,501
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 446 1,841
Corporation tax 36,201 16,792
Social security and other taxes 7,175 8,707
Other creditors 1,524 10,097
_______ _______
45,346 37,437
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Benjamin Higgin - - - -
Mr Adam Friedlaender ( 7,589) 3,199 4,690 300
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Benjamin Higgin ( 44,541) - 44,541 -
Mr Adam Friedlaender ( 34,967) 144 27,234 ( 7,589)
_______ _______ _______ _______
( 79,508) 144 71,775 ( 7,589)
_______ _______ _______ _______