REGISTERED NUMBER: 04593033 (England and Wales)

SOURDOUGH HOUSE LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

7

Directors:

T D Paulin

A M L Paulin

Registered office:

Unit 4402 Oakfield Close

Tewkesbury Business Park

Tewkesbury

Gloucestershire

GL20 7NT

Registered number:

04593033 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sourdough House Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

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

It is your duty to ensure that Sourdough House 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 loss of Sourdough House Limited. You consider that Sourdough House Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sourdough House 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.

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

5 September 2025

Fixed assets

Tangible assets

4

259,078

267,734

Current assets

Stocks

5

5,500

7,000

Debtors

6

15,888

26,107

Cash at bank and in hand

2,100

2,106

23,488

35,213

Creditors

Amounts falling due within one year

7

89,646

90,497

Net current liabilities

(66,158

)

(55,284

)

Total assets less current liabilities

192,920

212,450

Creditors

Amounts falling due after more than one year

8

176,878

178,777

Net assets

16,042

33,673

Capital and reserves

Called up share capital

100

100

Retained earnings

15,942

33,573

Shareholders' funds

16,042

33,673

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

T D Paulin - Director

1.	Statutory information

Sourdough House 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

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance and Straight line over the life of the lease

The freehold property has not been depreciated in order for the accounts to show a true and fair view.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	Employees and directors

The average number of employees during the year was 6 (2023 - 12 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 January 2024

and 31 December 2024

229,521

179,338

8,078

71,528

488,465

Depreciation

At 1 January 2024

-

162,087

7,469

51,175

220,731

Charge for year

-

3,447

121

5,088

8,656

At 31 December 2024

-

165,534

7,590

56,263

229,387

Net book value

At 31 December 2024

229,521

13,804

488

15,265

259,078

At 31 December 2023

229,521

17,251

609

20,353

267,734

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

22,250

40,858

63,108

Depreciation

At 1 January 2024

15,931

40,858

56,789

Charge for year

1,264

-

1,264

At 31 December 2024

17,195

40,858

58,053

Net book value

At 31 December 2024

5,055

-

5,055

At 31 December 2023

6,319

-

6,319

5.

Stocks

2024

2023

£

£

Stocks

5,500

7,000

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

-

486

VAT

2,479

9,572

Deferred tax asset

11,667

10,740

Prepayments

1,742

5,309

15,888

26,107

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

40,069

40,601

Hire purchase contracts

5,374

5,374

Tax

16,446

30,705

Social security and other taxes

5,653

6,027

Pension Payable

820

826

Other creditors

3,441

(983

)

Directors' current accounts

17,843

7,947

89,646

90,497

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

38,020

22,104

Bank loans - 2-5 years

42,146

45,516

Bank loans more 5 yr by instal

79,266

88,757

Hire purchase contracts

17,446

22,400

176,878

178,777

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

79,266

88,757

9.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

181,284

177,587

National Westminster Bank PLC registered a fixed and floating charge over all business assets with the registrar on 23 July 2003.