THE BIG BAKES LIMITED


Directors	CHAUDHRI, Adam Masood
	FRANK, Eloise Mary


Registered Address	Kemp House Kemp House
	128 City Road
	London
	EC1V 2NX


Registered Number	10507715 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	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).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	7		9

3.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 24	4	4
At 31 December 24	4	4
Net book value
At 31 December 24	4	4
At 31 December 23	4	4

	Notes
	¹Investments in group undertakings and participating interests

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	422,729	335,579
Taxation and social security	237,560	35,936
Other creditors	93,557	162,100
Accrued liabilities and deferred income	9,900	-
Total	763,746	533,615

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Amounts owed to related parties	-	499,084
Total	-	499,084

6.	Related party transactions
	The company has made a loan to The Big Bakes Holdings Limited, an associated company under common control. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed from The Big Bakes Holdings Limited at 31 December 2024 was £8,138. The company has received a loan from The Big Birmingham Bake Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big Birmingham Bake Limited at 31 December 2024 was £134,168. Management fees of £391,852 were charged to The Big Birmingham Bake Limited during the year to cover the deemed cost of management support. The company has received a loan from The Big London Bake South Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big London Bake South Limited at 31 December 2024 was £80,754. Management fees of £390,325 were charged to The Big London Bake South Limited during the year to cover the deemed cost of management support. The company has received a loan from The Big London Bake East Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big London Bake East Limited at 31 December 2024 was £49,880. Management fees of £671,325 were charged to The Big London Bake East Limited during the year to cover the deemed cost of management support. The company has received a loan from The Big Manchester Bake Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big Manchester Bake Limited at 31 December 2024 was £36,893. Management fees of £94,530 were charged to The Big Manchester Bake Limited during the year to cover the deemed cost of management support. The company has received a loan from The Big Liverpool Bake Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big Liverpool Bake Limited at 31 December 2024 was £1,600.

Related party transactions

The company has made a loan to The Big Bakes Holdings Limited, an associated company under common control. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed from The Big Bakes Holdings Limited at 31 December 2024 was £8,138.

The company has received a loan from The Big Birmingham Bake Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big Birmingham Bake Limited at 31 December 2024 was £134,168. Management fees of £391,852 were charged to The Big Birmingham Bake Limited during the year to cover the deemed cost of management support.

The company has received a loan from The Big London Bake South Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big London Bake South Limited at 31 December 2024 was £80,754. Management fees of £390,325 were charged to The Big London Bake South Limited during the year to cover the deemed cost of management support.

The company has received a loan from The Big London Bake East Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big London Bake East Limited at 31 December 2024 was £49,880. Management fees of £671,325 were charged to The Big London Bake East Limited during the year to cover the deemed cost of management support.

The company has received a loan from The Big Manchester Bake Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big Manchester Bake Limited at 31 December 2024 was £36,893. Management fees of £94,530 were charged to The Big Manchester Bake Limited during the year to cover the deemed cost of management support.

The company has received a loan from The Big Liverpool Bake Limited, a subsidiary company. There are no fixed terms for the repayment of this loan but it is expected that the monies will be repaid within five years. The amount owed to The Big Liverpool Bake Limited at 31 December 2024 was £1,600.

7.	Controlling party
	The parent and ultimate controlling company is Frank & Chau Limited, company number 13810827, a company incorporated in England and Wales. Registered Office - Kemp House, 160 City Road, London, EC1V 2NX.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investments	3		4		4
			4		4
Current assets
Debtors		314,549		22,549
Cash at bank and on hand		19,778		166,129
		334,327		188,678
Creditors amounts falling due within one year	4	(763,746)		(533,615)
Net current assets (liabilities)			(429,419)		(344,937)
Total assets less current liabilities			(429,415)		(344,933)
Creditors amounts falling due after one year	5		-		(499,084)
Net assets			(429,415)		(844,017)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(429,417)		(844,019)
Shareholders' funds			(429,415)		(844,017)