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REGISTERED NUMBER: 02088228 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

REEVE THE BAKER LIMITED

REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


REEVE THE BAKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs S J Reeve
G Reeve





REGISTERED OFFICE: Kingsway Industrial Estate
Wilton
Salisbury
SP2 0AW





REGISTERED NUMBER: 02088228 (England and Wales)





AUDITORS: Fawcetts LLP
Chartered Accountants
and Statutory Auditors
Windover House
St. Ann Street
Salisbury
SP1 2DR

REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,139,370 1,494,576
Investments 6 100 100
2,139,470 1,494,676

CURRENT ASSETS
Stocks 257,254 269,816
Debtors 7 295,936 239,354
Cash at bank and in hand 566,839 860,659
1,120,029 1,369,829
CREDITORS
Amounts falling due within one year 8 1,232,466 1,308,113
NET CURRENT (LIABILITIES)/ASSETS (112,437 ) 61,716
TOTAL ASSETS LESS CURRENT LIABILITIES 2,027,033 1,556,392

CREDITORS
Amounts falling due after more than one
year

9

(117,016

)

-

PROVISIONS FOR LIABILITIES (432,085 ) (261,786 )
NET ASSETS 1,477,932 1,294,606

CAPITAL AND RESERVES
Called up share capital 12 400 400
Retained earnings 1,477,532 1,294,206
SHAREHOLDERS' FUNDS 1,477,932 1,294,606

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:



G Reeve - Director


REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Reeve The Baker Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings bakery - 25% on reducing balance
Fixtures and fittings tea room - 25% on reducing balance
Fixtures and fittings shops - 25% on reducing balance
Freehold property - 2% on cost
Leasehold property - Straight line on lease term
Motor vehicles - 25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. The aggregate benefit of operating lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight line basis.

Pension costs and other post-retirement benefits
The company contributes to the individual defined contribution pension scheme of employees. Contributions are charged to profit or loss in the period to which they relate.

Investments
Investments held as fixed assets are stated at cost less provision for any impairment.

Debtors
Debtors are measured at their recoverable amount.

REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 199 (2023 - 181 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 90,000
AMORTISATION
At 1 October 2023
and 30 September 2024 90,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures Fixtures Fixtures
and and and
fittings fittings fittings
bakery tea room shops
£    £    £   
COST
At 1 October 2023 2,089,066 104,454 1,979,899
Additions 440,509 - 437,157
Disposals (37,585 ) - (33,783 )
At 30 September 2024 2,491,990 104,454 2,383,273
DEPRECIATION
At 1 October 2023 1,669,371 92,179 1,346,647
Charge for year 172,400 3,069 177,529
Eliminated on disposal (35,981 ) - (32,237 )
At 30 September 2024 1,805,790 95,248 1,491,939
NET BOOK VALUE
At 30 September 2024 686,200 9,206 891,334
At 30 September 2023 419,695 12,275 633,252

Freehold Leasehold Motor
property property vehicles Totals
£    £    £    £   
COST
At 1 October 2023 684,963 35,965 263,548 5,157,895
Additions - - 181,458 1,059,124
Disposals - - (77,880 ) (149,248 )
At 30 September 2024 684,963 35,965 367,126 6,067,771
DEPRECIATION
At 1 October 2023 314,485 35,965 204,672 3,663,319
Charge for year 13,699 - 32,731 399,428
Eliminated on disposal - - (66,128 ) (134,346 )
At 30 September 2024 328,184 35,965 171,275 3,928,401
NET BOOK VALUE
At 30 September 2024 356,779 - 195,851 2,139,370
At 30 September 2023 370,478 - 58,876 1,494,576

Included within motor vehicles are assets with net book values totalling £154,727 (2023: £Nil) held under hire purchase contracts. Depreciation charged in respect of these assets was £20,231 (2023: £Nil).

REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

Shares in BAKO (Western) Limited at cost.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 10,433
Other debtors 295,936 228,921
295,936 239,354

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 37,725 -
Trade creditors 395,761 235,120
Taxation and social security 161,659 389,330
Other creditors 637,321 683,663
1,232,466 1,308,113

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 117,016 -

REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 37,725 -
Between one and five years 117,016 -
154,741 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 462,027 466,868
Between one and five years 1,399,542 1,146,086
In more than five years 827,605 825,735
2,689,174 2,438,689

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 154,741 -

Hire purchase contracts are secured by way of legal charge over the assets to which they relate.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2023 2022
£ £
100 Ordinary £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
400 400


REEVE THE BAKER LIMITED (REGISTERED NUMBER: 02088228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


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

The Report of the Auditors was unqualified.

Simon Ellingham BA FCA DChA (Senior Statutory Auditor)
for and on behalf of Fawcetts LLP

14. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 13,697 -

15. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end £34,182 (2023: £249,849) was owed to the directors.

16. ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

The company's ultimate parent company is G & S Reeve Holdings Limited, a company incorporated in England. The ultimate controlling party is G Reeve.