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REGISTERED NUMBER: 00430193 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

W.THOMAS BAKER LIMITED

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Contents of the Financial Statements
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.THOMAS BAKER LIMITED

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mr D F Baker
Mrs S E Baker Jones
Ms M G B Jones
Mrs J L Wolf
Ms H S Wolf





REGISTERED OFFICE: Cae Llo Brith
Llanystumdwy
Criccieth
Gwynedd
LL52 0LW





REGISTERED NUMBER: 00430193 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,392 3,706
Investments 5 14,044 14,044
Investment property 6 2,543,000 2,543,000
2,560,436 2,560,750

CURRENT ASSETS
Debtors 7 20,453 26,803
Investments 8 2,071 2,279
Cash at bank 92,359 68,293
114,883 97,375
CREDITORS
Amounts falling due within one year 9 204,743 245,718
NET CURRENT LIABILITIES (89,860 ) (148,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,470,576

2,412,407

PROVISIONS FOR LIABILITIES 10 425,019 424,266
NET ASSETS 2,045,557 1,988,141

CAPITAL AND RESERVES
Called up share capital 11 17,866 17,866
Revaluation reserve 12 1,273,125 1,273,125
Capital redemption reserve 12,127 12,127
Retained earnings 742,439 685,023
SHAREHOLDERS' FUNDS 2,045,557 1,988,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Balance Sheet - continued
31st December 2024


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 31st March 2025 and were signed on its behalf by:





Mrs S E Baker Jones - Director


W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements
for the Year Ended 31st December 2024


1. STATUTORY INFORMATION

W.thomas 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.

Turnover
Rents receivable from investment properties are included in turnover when receivable and in accordance with the terms of each lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investment in subsidiaries are measured at cost less accumulated impairment.

Investments In Listed company shares are remeasured to fair value at each Balance Sheet date.
Gains and losses on remeasurement are recognised in profit or loss for the period.

Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in Statement of Comprehensive Income.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 16,241 201 15,500 4,697 36,639
Additions 1,608 - - - 1,608
At 31st December 2024 17,849 201 15,500 4,697 38,247
DEPRECIATION
At 1st January 2024 14,531 201 13,949 4,252 32,933
Charge for year 1,257 - 387 278 1,922
At 31st December 2024 15,788 201 14,336 4,530 34,855
NET BOOK VALUE
At 31st December 2024 2,061 - 1,164 167 3,392
At 31st December 2023 1,710 - 1,551 445 3,706

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1st January 2024
and 31st December 2024 14,044
NET BOOK VALUE
At 31st December 2024 14,044
At 31st December 2023 14,044

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 2,543,000
NET BOOK VALUE
At 31st December 2024 2,543,000
At 31st December 2023 2,543,000

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,421 7,638
Other debtors - 1
Directors' loan accounts 9,600 10,518
Tax 4,550 4,550
Prepayments 4,882 4,096
20,453 26,803

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 2,071 2,279
Market value of listed investments at 31st December 2024 - £ 2,071 (2023 - £ 2,279 ).

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 49,979
Tax 21,242 10,486
Social security and other taxes - 685
Other creditors 153,631 157,643
Directors' loan accounts 9,306 5,106
Deferred income 20,564 18,300
Accrued expenses - 3,519
204,743 245,718

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 644 (109 )
Capital Gains / (Losses) 424,375 424,375
425,019 424,266

Deferred
tax
£   
Balance at 1st January 2024 424,266
Provided during year 753
Balance at 31st December 2024 425,019

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
17,866 Ordinary Voting £1 17,866 17,866

W.THOMAS BAKER LIMITED (REGISTERED NUMBER: 00430193)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


12. RESERVES
Revaluation
reserve
£   
At 1st January 2024
and 31st December 2024 1,273,125

13. RELATED PARTY DISCLOSURES

Dividends of £15,007 (December 23 - £7,503) were paid to the directors in the year.

14. ULTIMATE CONTROLLING PARTY

The company is Controlled by the directors.