Winchester Bakery Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13028706

Winchester Bakery Limited

Filleted Unaudited Financial Statements

31 December 2024

Winchester Bakery Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Winchester Bakery Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		482,304		527,733

Current assets

Stocks		2,553	3,598
Debtors	6	22,656	88,952
Cash at bank and in hand		27,195	3,776
		--------	--------
		52,404	96,326

Creditors: amounts falling due within one year	7	386,471		998,835
		---------		---------
Net current liabilities			334,067		902,509
			---------		---------
Total assets less current liabilities			148,237		( 374,776)
			---------		---------
Net assets/(liabilities)			148,237		( 374,776)
			---------		---------

Capital and reserves

Called up share capital	8	4	1
Profit and loss account		148,233	( 374,777)
		---------	---------
Shareholders funds/(deficit)		148,237	( 374,776)
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Winchester Bakery Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr D B Tamang

Director

Company registration number: 13028706

Winchester Bakery Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 High Street, Winchester, SO23 9BL, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property improvements	-	5% straight line
Plant and machinery	-	33% straight line
Fixtures and fittings	-	20% straight line

Depreciation is to be charged on plant and machinery on a 20% straight line basis. The assets purchased during the year were not brought in to use until post year end therefore no depreciation charge has been accounted for in the year.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Average number of employees

During the year the average number of employees was 3 (2023: 3) which consisted of the directors only.

5. Tangible assets

	Short leasehold property improvements	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 January 2024	538,534	60,416	27,094	626,044
Additions	–	7,232	–	7,232
	---------	--------	--------	---------
At 31 December 2024	538,534	67,648	27,094	633,276
	---------	--------	--------	---------
Depreciation
At 1 January 2024	50,225	38,726	9,360	98,311
Charge for the year	26,926	20,316	5,419	52,661
	---------	--------	--------	---------
At 31 December 2024	77,151	59,042	14,779	150,972
	---------	--------	--------	---------
Carrying amount
At 31 December 2024	461,383	8,606	12,315	482,304
	---------	--------	--------	---------
At 31 December 2023	488,309	21,690	17,734	527,733
	---------	--------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	–	11,674
Amounts owed by group undertakings	3	23,346
Prepayments and accrued income	18,629	23,606
Other debtors	4,024	30,326
	--------	--------
	22,656	88,952
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	39,198	191,268
Amounts owed to group undertakings	317,500	774,560
Accruals and deferred income	27,296	30,830
Social security and other taxes	2,336	1,983
Other creditors	141	194
	---------	---------
	386,471	998,835
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	4	4	1	1
	----	----	----	----

During the year 3 ordinary shares were issued and paid for at a par value of £1 each.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	60,000	60,000
Later than 1 year and not later than 5 years	60,000	120,000
	---------	---------
	120,000	180,000
	---------	---------

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Other related parties	92,632	82,591	( 326,576)	( 246,731)
	--------	--------	---------	---------

11. Controlling party

The ultimate controlling party is Kavi Coffee Café Limited, a company incorporated in England and Wales.