Somerset Bakehouse LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC446666 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Somerset Bakehouse LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs N J Lowe

A M Lowe

J Lowe

REGISTERED OFFICE:

D2 Bath Bridge Business Park

Bath Road

Bridgwater

Somerset

TA6 4SZ

REGISTERED NUMBER:

OC446666 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

673,261

631,512

Investments

5

40

-

673,301

631,512

CURRENT ASSETS

Stocks

45,000

35,000

Debtors

6

36,036

46,100

Cash at bank and in hand

183,023

30,922

264,059

112,022

CREDITORS

Amounts falling due within one year

7

104,367

76,192

NET CURRENT ASSETS

159,692

35,830

TOTAL ASSETS LESS CURRENT
LIABILITIES

832,993

667,342

CREDITORS

Amounts falling due after more than one
year

8

105,934

126,733

NET ASSETS ATTRIBUTABLE TO
MEMBERS

727,059

540,609

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

438,820

252,370

MEMBERS' OTHER INTERESTS

Capital accounts

288,239

727,059

540,609

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

438,820

252,370

Members' other interests

288,239

727,059

540,609

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 December 2025 and were signed by:

Mrs N J Lowe - Designated member

1.	STATUTORY INFORMATION

Somerset Bakehouse LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The partners are of the option that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Land and buildings

-

2% on cost and over the lease term

Plant and machinery etc

-

25% on reducing balance, 20% on cost, 20% on reducing balance and Straight line over 25 years

All fixed assets are initially recorded at cost less accumulated depreciation.

Government grants

Government grants are recognsied using the accruals basis and are included within other income. Grants relating to assets are recognised on a systematic basis over the expected useful life of the assets.

Stocks

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

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Partners and members

The term partner in this document is used to refer to a member of Somerset Bakehouse LLP.

The capital requirements of the partnership are determined by the members and are reviewed regularly. Each

member makes funds available to the LLP by way of loans when it is deemed necessary, on which interest is

charged as an expense to the profit and loss account.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 62 (2024 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

402,064

298,060

700,124

Additions

48,566

87,519

136,085

Disposals

-

(6,677

)

(6,677

)

At 31 March 2025

450,630

378,902

829,532

DEPRECIATION

At 1 April 2024

19,441

49,171

68,612

Charge for year

24,585

64,461

89,046

Eliminated on disposal

-

(1,387

)

(1,387

)

At 31 March 2025

44,026

112,245

156,271

NET BOOK VALUE

At 31 March 2025

406,604

266,657

673,261

At 31 March 2024

382,623

248,889

631,512

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

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

10,514

DEPRECIATION

At 1 April 2024

2,628

Charge for year

1,972

At 31 March 2025

4,600

NET BOOK VALUE

At 31 March 2025

5,914

At 31 March 2024

7,886

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

40

At 31 March 2025

40

NET BOOK VALUE

At 31 March 2025

40

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

35,709

36,976

Other debtors

327

9,124

36,036

46,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

21,554

20,915

Hire purchase contracts (see note 9)

1,045

4,178

Trade creditors

18,048

28,070

Other creditors

63,720

23,029

104,367

76,192

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts (see note 9)

-

1,045

Other creditors

105,934

125,688

105,934

126,733

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

1,045

4,178

Between one and five years

-

1,045

5,223

Non-cancellable

operating leases

2025

2024

£

Within one year

29,560

27,680

Between one and five years

108,000

59,060

In more than five years

76,917

21,417

214,477

108,157

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

1,045

5,223

Bank loans

127,487

146,602

128,532

151,825

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank the same as other unsecured creditors in the event of a winding-up. No protection is afforded to creditors in the event of winding up.

There are no restrictions or limitations on the ability of the members to reduce the amount of members' other interests.