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Company No: 06452260 (England and Wales)

THE WELBECK BAKEHOUSE LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

THE WELBECK BAKEHOUSE LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

THE WELBECK BAKEHOUSE LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2025
THE WELBECK BAKEHOUSE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025
DIRECTORS Alison Jane Swan Parente
Mark Garry
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 2025
THE WELBECK BAKEHOUSE LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 72,897 79,727
72,897 79,727
Current assets
Stocks 23,095 17,144
Debtors 4 224,996 187,089
Cash at bank and in hand 67,314 84,338
315,405 288,571
Creditors: amounts falling due within one year 5 ( 86,181) ( 71,287)
Net current assets 229,224 217,284
Total assets less current liabilities 302,121 297,011
Net assets 302,121 297,011
Capital and reserves
Called-up share capital 855,000 855,000
Profit and loss account ( 552,879 ) ( 557,989 )
Total shareholder's funds 302,121 297,011

For the financial year ending 31 January 2025 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 04 June 2025. 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 2025
THE WELBECK BAKEHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
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

2025 2024
Number Number
Monthly average number of persons employed by the company during the year, including directors 34 31

3. Tangible assets

Land and buildings Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 February 2024 288,738 182,244 2,693 473,675
Additions 0 20,442 0 20,442
At 31 January 2025 288,738 202,686 2,693 494,117
Accumulated depreciation
At 01 February 2024 278,613 112,642 2,693 393,948
Charge for the financial year 2,700 24,572 0 27,272
At 31 January 2025 281,313 137,214 2,693 421,220
Net book value
At 31 January 2025 7,425 65,472 0 72,897
At 31 January 2024 10,125 69,602 0 79,727

4. Debtors

2025 2024
£ £
Trade debtors 139,285 113,751
Deferred tax asset 53,564 55,369
Other debtors 32,147 17,969
224,996 187,089

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 53,882 38,720
Other taxation and social security 12,728 11,323
Other creditors 19,571 21,244
86,181 71,287

6. Financial commitments

The total amount of financial commitments not included in the balance sheet is £77,301 (2024 - £86,326).

7. Related party transactions

Transactions with owners holding a participating interest in the entity

During the year, The Welbeck Estates Company Limited, a company with a significant interest in The Welbeck Bakehouse Limited, paid expenses on behalf of the company to the sum of £93,311 (2024 - £98,870), which were reimbursed in full during the year.

Other related party transactions

A director is a trustee of The School of Artisan Food (“the charity”). During the year, the company made a donation to the charity of £25,000 (2024 - £nil).