Company No: 13943389 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Statement of Changes in Equity
• Notes to the Financial Statements

Directors	Mrs S Gilby
	Mrs A Whitebread
	R A Whitebread
	N Whitebread

Secretary

Mrs A Whitebread

Registered office	Gattons Farmhouse
	Cooling Street
	Cliffe
	Rochester
	England
	ME3 7UA
	Kent
	United Kingdom

Company number

13943389 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor, Maritime Place
	Quayside
	Chatham Maritime
	Chatham
	Kent
	ME4 4QZ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whitebread Holdings Limited for the financial year ended 28 February 2025 which comprise the Balance Sheet, the Statement of Changes in Equity and the related notes 1 to 6 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Whitebread Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whitebread Holdings Limited. You consider that Whitebread Holdings Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Whitebread Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Whitebread Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Whitebread Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Whitebread Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitebread Holdings Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

05 September 2025

	Note	28.02.2025		29.02.2024
		£		£
Fixed assets
Investments	3	2,912,434		2,912,434
		2,912,434		2,912,434
Creditors: amounts falling due within one year	4	( 300,000)		( 300,000)
Net current liabilities		(300,000)		(300,000)
Total assets less current liabilities		2,612,434		2,612,434
Creditors: amounts falling due after more than one year	5	( 1,045,373)		( 1,282,089)
Net assets		1,567,061		1,330,345
Capital and reserves
Called-up share capital	6	500,000		500,000
Share premium account		167,061		230,345
Capital redemption reserve		900,000		600,000
Total shareholders' funds		1,567,061		1,330,345

For the financial year ending 28 February 2025 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Whitebread Holdings Limited (registered number: 13943389) were approved and authorised for issue by the Board of Directors on 05 September 2025. They were signed on its behalf by:

N Whitebread Director

Mrs S Gilby Director

	Called-up share capital		Share premium account		Capital redemption reserve		Profit and loss account		Total
	£		£		£		£		£
At 28 February 2023	500,000		302,733		300,000		0		1,102,733
Loss for the financial period	0		0		0		( 72,388)		( 72,388)
Total comprehensive loss	0		0		0		( 72,388)		( 72,388)
Transfer to/from profit and loss account	0		( 72,388)		300,000		72,388		300,000
At 29 February 2024	500,000		230,345		600,000		0		1,330,345
At 01 March 2024	500,000		230,345		600,000		0		1,330,345
Profit for the financial year	0		0		0		336,716		336,716
Total comprehensive income	0		0		0		336,716		336,716
Dividends paid on equity shares	0		0		0		( 400,000)		( 400,000)
Transfer to/from profit and loss account	0		( 63,284)		300,000		63,284		300,000
At 28 February 2025	500,000		167,061		900,000		0		1,567,061

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 period, unless otherwise stated.

General information and basis of accounting

Whitebread Holdings 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 address of the Company's registered office is Gattons Farmhouse, Cooling Street, Cliffe, Rochester, England, ME3 7UA, Kent, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

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.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effecting interest method.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Year ended 28.02.2025		Period from 28.02.2023 to 29.02.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Fixed asset investments

Investments in subsidiaries

	28.02.2025
	£
Cost
At 01 March 2024	2,912,434
Prior Year Adjustment	0
At 28 February 2025	2,912,434
Carrying value at 28 February 2025	2,912,434
Carrying value at 29 February 2024	2,912,434

4. Creditors: amounts falling due within one year

	28.02.2025		29.02.2024
	£		£
Other creditors	300,000		300,000

Other creditors represents share capital presented as a liability.

5. Creditors: amounts falling due after more than one year

	28.02.2025		29.02.2024
	£		£
Other creditors	1,045,373		1,282,089

Other creditors represents share capital presented as a liability.

6. Called-up share capital

	28.02.2025		29.02.2024
	£		£
Allotted, called-up and fully-paid
82,500 Ordinary A shares of £ 1.00 each	82,500		82,500
82,500 Ordinary B shares of £ 1.00 each	82,500		82,500
80,000 Ordinary C shares of £ 1.00 each	80,000		80,000
80,000 Ordinary D shares of £ 1.00 each	80,000		80,000
175,000 Ordinary E shares of £ 1.00 each	175,000		175,000
	500,000		500,000