Cake Distribution Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05747277

Cake Distribution Limited

Filleted Unaudited Financial Statements

31 March 2025

Cake Distribution Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	32,209	9,333
Tangible assets	6	47,211	80,297
		--------	--------
		79,420	89,630

Current assets

Debtors	7	3,962,507	3,547,713
Cash at bank and in hand		1,935,276	2,462,585
		------------	------------
		5,897,783	6,010,298

Creditors: amounts falling due within one year	8	3,267,045		2,738,525
		------------		------------
Net current assets			2,630,738	3,271,773
			------------	------------
Total assets less current liabilities			2,710,158	3,361,403

Creditors: amounts falling due after more than one year	9	25,305	40,389
		------------	------------
Net assets		2,684,853	3,321,014
		------------	------------

Capital and reserves

Called up share capital	200	200
Profit and loss account	2,684,653	3,320,814
	------------	------------
Shareholders funds	2,684,853	3,321,014
	------------	------------

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 .

Cake Distribution Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

C L Seddon

Director

Company registration number: 05747277

Cake Distribution 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 85 Great Portland Street, First Floor, London, W1W 7LT, 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 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

Revenue comprises income from licence fees, production service fees, commissions and participating income. Revenue from licence fees, commissions and participation is recognised upon fulfilment of the terms of the contract. Revenue generated from production services is recognised once the service has been provided.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill was acquired in the financial year ended 31 March 2025 and is being amortised over a period of 5 years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. The intangible asset was acquired in the financial year ended 31 March 2023 and is being amortised over a period of 15 years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	20% straight line
Broadcast IP	-	6% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

Office equipment	-	25% straight line
Motor vehicles	-	20% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 13 ).

5. Intangible assets

	Goodwill	Broadcast IP	Total
	£	£	£
Cost
At 1 April 2024	–	10,000	10,000
Additions	25,000	–	25,000
	--------	--------	--------
At 31 March 2025	25,000	10,000	35,000
	--------	--------	--------
Amortisation
At 1 April 2024	–	667	667
Charge for the year	1,458	666	2,124
	--------	--------	--------
At 31 March 2025	1,458	1,333	2,791
	--------	--------	--------
Carrying amount
At 31 March 2025	23,542	8,667	32,209
	--------	--------	--------
At 31 March 2024	–	9,333	9,333
	--------	--------	--------

6. Tangible assets

	Office Equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	33,528	103,346	136,874
Additions	1,498	–	1,498
Disposals	–	( 41,026)	( 41,026)
	--------	---------	---------
At 31 March 2025	35,026	62,320	97,346
	--------	---------	---------
Depreciation
At 1 April 2024	28,574	28,003	56,577
Charge for the year	4,111	13,143	17,254
Disposals	–	( 23,696)	( 23,696)
	--------	---------	---------
At 31 March 2025	32,685	17,450	50,135
	--------	---------	---------
Carrying amount
At 31 March 2025	2,341	44,870	47,211
	--------	---------	---------
At 31 March 2024	4,954	75,343	80,297
	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	924,199	823,764
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,251,776	1,049,098
Other debtors	1,786,532	1,674,851
	------------	------------
	3,962,507	3,547,713
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	145,497	641,367
Amounts owed to group undertakings and undertakings in which the company has a participating interest	203,585	213,067
Social security and other taxes	153,248	34,339
Other creditors	2,764,715	1,849,752
	------------	------------
	3,267,045	2,738,525
	------------	------------

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

	2025	2024
	£	£
Other creditors	25,305	40,389
	--------	--------

10. Contingencies

Outstanding charges existed in relation to the following parties at year-end: Tayox TV Limited - fixed and floating charge over rights to a television series Ingenious Media Finance Limited - fixed and floating charge over rights to a television series Erewash Productions Limited - fixed and floating charge over rights to a television series Coutts & Company - fixed charge over various tangible assets and floating charge over all other undertaking and property

11. Directors' advances, credits and guarantees

At the year end the Directors owed the company £4,500 (2024: £4,500).

12. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

13. Controlling party

The company's parent company is Cake Entertainment Limited, a company incorporated in England and Wales, whose accounts can be obtained from 1st Floor, 85 Great Portland Street, London, England, W1W 7LT. In the director's opinion, the company has no ultimate controlling party.