THE BIG LONDON BAKE SOUTH LIMITED


Directors	CHAUDHRI, Adam Masood
	FRANK, Eloise Mary


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


Registered Number	13538683 (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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated 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:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	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	24		24

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	24,969	4,264	6,241	35,474
Additions	1,260	11,601	-	12,861
At 31 December 24	26,229	15,865	6,241	48,335
Depreciation and impairment
At 01 January 24	7,980	1,158	2,497	11,635
Charge for year	3,482	1,215	1,248	5,945
At 31 December 24	11,462	2,373	3,745	17,580
Net book value
At 31 December 24	14,767	13,492	2,496	30,755
At 31 December 23	16,989	3,106	3,744	23,839

4.	Stocks

	2024	2023
	£	£
Other stocks	7,076	50,520
Total	7,076	50,520

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	17,820	44,211
Taxation and social security	-	26,409
Other creditors	8,976	3,747
Accrued liabilities and deferred income	62,612	12,239
Total	89,408	86,606

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Amounts owed to related parties	80,754	-
Total	80,754	-

7.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	5,371	5,371
Total	5,371	5,371

8.	Related party transactions
	The company has made a loan to The Big London Bake East Limited, an associated subsidiary 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 London Bake East Limited at 31 December 2024 is £103,696. The company has received a loan from The Big Bakes Limited, its immediate parent 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 Bakes Limited at 31 December 2024 is £80,753. The company has made a loan to The Big Birmingham Bake Limited, an associated subsidiary 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 Birmingham Bake Limited at 31 December 2024 is £31,327. The company has made a loan to The Big Manchester Bake Limited, an associated subsidiary 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 Manchester Bake Limited at 31 December 2024 is £207,117. Management fees of £390,325 were charged to The Big London Bake South Limited from The Big Bakes Limited during the year to cover the deemed cost of management support.

Related party transactions

The company has made a loan to The Big London Bake East Limited, an associated subsidiary 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 London Bake East Limited at 31 December 2024 is £103,696.

The company has received a loan from The Big Bakes Limited, its immediate parent 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 Bakes Limited at 31 December 2024 is £80,753.

The company has made a loan to The Big Birmingham Bake Limited, an associated subsidiary 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 Birmingham Bake Limited at 31 December 2024 is £31,327.

The company has made a loan to The Big Manchester Bake Limited, an associated subsidiary 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 Manchester Bake Limited at 31 December 2024 is £207,117.

Management fees of £390,325 were charged to The Big London Bake South Limited from The Big Bakes Limited during the year to cover the deemed cost of management support.

9.	Controlling party
	The parent company is The Big Bakes Limited, company number 10507715, a company incorporated in England and Wales. The 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
Tangible assets	3		30,755		23,839
			30,755		23,839
Current assets
Stocks	4	7,076		50,520
Debtors		420,010		258,098
Cash at bank and on hand		206,420		182,659
		633,506		491,277
Creditors amounts falling due within one year	5	(89,408)		(86,606)
Net current assets (liabilities)			544,098		404,671
Total assets less current liabilities			574,853		428,510
Creditors amounts falling due after one year	6		(80,754)		-
Provisions for liabilities	7		(5,371)		(5,371)
Net assets			488,728		423,139
Capital and reserves
Called up share capital			1		1
Profit and loss account			488,727		423,138
Shareholders' funds			488,728		423,139