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Company No: 00764478 (England and Wales)

MR BUTCHER THE BAKER LIMITED

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

MR BUTCHER THE BAKER LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

MR BUTCHER THE BAKER LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
MR BUTCHER THE BAKER LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
Director Mr S L Butcher
Secretary Mrs W S Butcher
Registered office 46 Deepdene Avenue
Dorking
Surrey
RH5 4AE
United Kingdom
Company number 00764478 (England and Wales)
Accountant Kreston Reeves LLP
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
MR BUTCHER THE BAKER LIMITED

BALANCE SHEET

As at 31 March 2025
MR BUTCHER THE BAKER LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 59,476 9,332
Investment property 4 2,463,000 2,463,000
2,522,476 2,472,332
Current assets
Debtors 5 13,184 12,814
Investments 6 1,678 1,831
Cash at bank and in hand 7 270,242 245,519
285,104 260,164
Creditors: amounts falling due within one year 8 ( 301,722) ( 286,006)
Net current liabilities (16,618) (25,842)
Total assets less current liabilities 2,505,858 2,446,490
Provision for liabilities 9 ( 344,655) ( 332,119)
Net assets 2,161,203 2,114,371
Capital and reserves
Called-up share capital 100 100
Revaluation reserve 1,331,616 1,331,616
Profit and loss account 829,487 782,655
Total shareholders' funds 2,161,203 2,114,371

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Mr Butcher the Baker Limited (registered number: 00764478) were approved and authorised for issue by the Director on 28 August 2025. They were signed on its behalf by:

Mr S L Butcher
Director
MR BUTCHER THE BAKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
MR BUTCHER THE BAKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Mr Butcher the Baker Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. the company registration number is 00764478. The address of the Company's registered office is 46 Deepdene Avenue, Dorking, Surrey, RH5 4AE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and 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 are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 5 years straight line
Computer equipment 5 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

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

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 April 2024 17,795 695 4,038 22,528
Additions 55,410 0 0 55,410
Disposals 0 ( 695) 0 ( 695)
At 31 March 2025 73,205 0 4,038 77,243
Accumulated depreciation
At 01 April 2024 10,600 695 1,901 13,196
Charge for the financial year 4,108 0 1,158 5,266
Disposals 0 ( 695) 0 ( 695)
At 31 March 2025 14,708 0 3,059 17,767
Net book value
At 31 March 2025 58,497 0 979 59,476
At 31 March 2024 7,195 0 2,137 9,332

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 2,463,000
As at 31 March 2025 2,463,000

Valuation

A full market valuation of investment property was completed by the director and third party surveyors at the Balance Sheet date, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2025 2024
£ £
Historic cost 801,598 801,598

5. Debtors

2025 2024
£ £
Other debtors 13,184 12,814

6. Current asset investments

2025 2024
£ £
Listed investments 1,678 1,831

7. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 270,242 245,519

8. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to related parties 0 20,708
Amounts owed to director 111,800 66,751
Accruals 2,100 3,600
Taxation and social security 0 6,712
Other creditors 187,822 188,235
301,722 286,006

9. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 332,119) ( 332,539)
(Charged)/credited to the Profit and Loss Account ( 12,536) 420
At the end of financial year ( 344,655) ( 332,119)

The deferred taxation balance is made up as follows:

2025 2024
£ £
Accelerated capital allowances ( 14,869) ( 2,333)
Potential capital gains tax on investment property ( 329,786) ( 329,786)
( 344,655) ( 332,119)

10. Related party transactions

The Director continued to provide an interest free loan to the company. At the year end the Director was owed £111,800 (2024 - £66,751) by the company and is included within other creditors.