Bakers Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01026934

Bakers Properties Limited

Filleted Unaudited Financial Statements

31 March 2025

Bakers Properties Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	2,527,500	2,602,500
Investments	6	26,700	26,700
		------------	------------
		2,554,200	2,629,200

Current assets

Debtors	7	37,059	34,089
Cash at bank and in hand		194,061	172,060
		---------	---------
		231,120	206,149

Creditors: amounts falling due within one year	8	89,937		84,590
		---------		---------
Net current assets			141,183		121,559
			------------		------------
Total assets less current liabilities			2,695,383		2,750,759

Provisions

Taxation including deferred tax	119,111	124,469
	------------	------------
Net assets	2,576,272	2,626,290
	------------	------------

Capital and reserves

Called up share capital	9	111,182	111,182
Capital redemption reserve		3,103	3,103
Profit and loss account		2,461,987	2,512,005
		------------	------------
Shareholders funds		2,576,272	2,626,290
		------------	------------

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 income and retained earnings has not been delivered.

For the 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.

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 .

Bakers Properties Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 4 August 2025 , and are signed on behalf of the board by:

SD Wood

Director

Company registration number: 01026934

Bakers Properties Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Income tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Tangible assets

All fixed assets are initially recorded at cost.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Land and buildings
	£
Cost
At 1 April 2024	2,602,500
Disposals	( 75,000)
	------------
At 31 March 2025	2,527,500
	------------
Depreciation
At 1 April 2024 and 31 March 2025	–
	------------
Carrying amount
At 31 March 2025	2,527,500
	------------
At 31 March 2024	2,602,500
	------------

The properties have all been revalued by Chartered Surveyors at the 31 March 2024 year end at a total valuation of £2,602,500. The directors are of the opinion that the valuation remains materially correct at the 31 March 2025 year end. Land worth £75,000 was disposed of after the valuations were completed. No depreciation is provided in respect of these properties. On a historical cost basis these properties would have been included at an original cost of £1,090,731 (2024: £1,121,262).

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	123,040
	---------
Impairment
At 1 April 2024 and 31 March 2025	96,340
	---------

Carrying amount
At 31 March 2025	26,700
	---------
At 31 March 2024	26,700
	---------

The company owns 100% of the share capital of Bakers & Sons (Danbury) Limited.

The company was dormant throughout the current and previous year.

7. Debtors

	2025	2024
	£	£
Trade debtors	26,169	25,210
Prepayments and accrued income	10,890	8,280
Corporation tax repayable	–	99
Other debtors	–	500
	--------	--------
	37,059	34,089
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,368	3,204
Amounts owed to group undertakings	26,701	26,701
Accruals and deferred income	33,463	48,260
Corporation tax	13,147	–
Other creditors	12,258	6,425
	--------	--------
	89,937	84,590
	--------	--------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	111,182	111,182	111,182	111,182
	---------	---------	---------	---------