REGISTERED NUMBER: 04287315 (England and Wales)

Financial Statements

for the Period 31 March 2024 to 29 March 2025

for

Chiltern Bakeries Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

Mr C D Roberts

Mr A R Heygate

Mr P M Heygate

SECRETARY:

Mr S K Y Chia

REGISTERED OFFICE:

Bugbrooke Mills

Bugbrooke

Northampton

Northamptonshire

NN7 3QH

REGISTERED NUMBER:

04287315 (England and Wales)

AUDITORS:

Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

CURRENT ASSETS

Debtors

4

-

1,004,837

Cash at bank

708,369

573,380

708,369

1,578,217

CREDITORS

Amounts falling due within one year

5

7,545

885,650

NET CURRENT ASSETS

700,824

692,567

TOTAL ASSETS LESS CURRENT LIABILITIES

700,824

692,567

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

700,724

692,467

SHAREHOLDERS' FUNDS

700,824

692,567

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 16 December 2025 and were signed on its behalf by:

Mr A R Heygate - Director

Mr P M Heygate - Director

1.	PRINCIPAL PLACE OF BUSINESS

Chiltern Bakeries Limited is a private company, limited by shares, incorporated and domiciled in England and has its principal place of business at Fine Lady Bakeries Limited, Southam Road, Banbury, OX16 2RE. 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 applicable United Kingdom accounting standards, including Financial Reporting Standard 102 section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to the Saturday that falls closest to the 31st March each year. This results in the comparatives being not entirely comparable.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Turnover represents the invoiced amount of produce sold and services provided stated net of value added tax. The turnover and pre tax profit is wholly attributable to the sale of products for sandwich making, it is carried out wholly within the United Kingdom and is recognised upon evidence of delivery.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad or doubtful debts except where the effect of discounting would be immaterial, in which case they are stated at undiscounted cost less impairment losses for doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,003,867

Other debtors

-

970

-

1,004,837

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

878,650

Taxation and social security

543

-

Other creditors

7,002

7,000

7,545

885,650

6.	FINANCIAL INSTRUMENTS

The company does not have exposure to foreign currency, liquidity, cash flow and interest rate risks due to the nature of its trade. Exposure to credit and market risks arise in the normal course of the company's business. These risks are limited by the company's financial management policies and practices described below.

Credit risk

The company has exposure to credit risks predominantly emanating from its customers. The company's exposure and its customers' credit worthiness is monitored so that any potential problems are detected at an early stage. Regular billing helps to ensure that the exposure to credit risk is minimised.

Market risk

There is a market risk associated with the fluctuation in global ingredient prices. The majority of this risk is mitigated by monitoring the wheat and commodity markets and matching purchases with customer contract supply periods.

The company holds no derivative financial instruments at either year end.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified and signed by Mr Robert Dearing BEng FCA (Senior Statutory Auditor), for and on behalf of Clifford Roberts Chartered Accountants.

9.	AUDITOR LIABILITY LIMITATION AGREEMENT

On the 11th December, 2024, a resolution was passed by the Heygate and Sons Limited group of companies entering into an agreement limiting the amount of any liability owed to the group of companies by the auditor in respect of any negligence, default or breach of duty occurring in the course of the audit of the financial statements for the year ending 29th March 2025.

The maximum aggregate amount of the auditor's liability to the group of companies shall not exceed the sum of twenty-five times the fees payable for the financial year in question, or £5,000,000, which ever is the lesser amount.

10.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Fine Lady Bakeries Limited. The directors consider the ultimate parent company is Heygate and Sons Limited, which owns 100% of the issued ordinary share capital of Fine Lady Bakeries Limited. Heygate and Sons Limited is a company registered in England that shares the same registered office as Chiltern Bakeries Limited.

Heygate and Sons Limited has a controlling nucleus of Mr AR Heygate and Mrs SE Kreckler. Mr AR Heygate owns 5.05% of the voting issued ordinary share capital personally and 31.73% of the voting issued ordinary share capital as a principal trustee of family trusts. Mrs SE Kreckler owns 36.72% of the voting issued ordinary share capital personally.

Heygate and Sons Limited's consolidated financial statements are available at Companies House.