Registered No. OC398400 (England and Wales)
Cake Stories LLP
Unaudited accounts
for the year ended 31 March 2025
Cake Stories LLP
LLP Information
for the year ended 31 March 2025
Designated members
Mr Benjamin Evans
Registered Number
OC398400 (England and Wales)
Registered Office
UNITS 3-6 HYPOINT SALTMEADOWS ROAD
GATESHEAD
TYNE AND WEAR
NE8 3AH
ENGLAND
Cake Stories LLP
Statement of financial position
as at 31 March 2025
Tangible assets
75,502
104,927
Cash at bank and in hand
34,306
21,122
Creditors: amounts falling due within one year
(58,876)
(54,092)
Net current assets
39,657
44,178
Total assets less current liabilities
115,159
149,105
Creditors: amounts falling due after more than one year
(4,799)
(67,462)
Net assets attributable to members
110,360
81,643
Loans and other debts due to members
20,153
81,643
Loans and other debts due to members
20,153
81,643
Members' other interests
90,207
-
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 23 December 2025.
Mrs Hannah Evans
Designated member
Limited Liability Partnership Registration No. OC398400
Cake Stories LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Members' participating interests
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.
Where there exists an asset and liability component in respect of an individual member's participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Cake Stories LLP
Notes to the Accounts
for the year ended 31 March 2025
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The accounts are presented in £ sterling.
Cake Stories LLP is a limited liability partnership, incorporated in England and Wales, registration number OC398400. Its registered office is UNITS 3-6 HYPOINT SALTMEADOWS ROAD, GATESHEAD, TYNE AND WEAR, NE8 3AH, ENGLAND.
3
Intangible fixed assets
Goodwill
Cake Stories LLP
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
54,777
101,718
73,418
6,930
236,843
Additions
15,253
2,070
-
-
17,323
Disposals
(1,100)
(33,437)
(10,576)
(509)
(45,622)
At 31 March 2025
68,930
70,351
62,842
6,421
208,544
At 1 April 2024
18,992
66,541
42,424
3,959
131,916
Charge for the year
8,172
14,594
6,176
690
29,632
On disposals
(473)
(23,834)
(3,892)
(307)
(28,506)
At 31 March 2025
26,691
57,301
44,708
4,342
133,042
At 31 March 2025
42,239
13,050
18,134
2,079
75,502
At 31 March 2024
35,785
35,177
30,994
2,971
104,927
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
26,807
27,977
Taxes and social security costs
3,295
16,827
Other creditors
21,985
3,095
6
Creditors: amounts falling due after more than one year
2025
2024
7
Loans and other debts due to members
2025
2024
Loans from members
38,996
(287)
Amounts due to members in respect of profits
(18,843)
81,930
Amounts falling due within one year
20,153
81,643
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Average number of employees
During the year the average number of employees was 17 (2024: 40).