THE BIG MANCHESTER BAKE LIMITED


Directors	CHAUDHRI, Adam Masood
	FRANK, Eloise Mary


Registered Address	Kemp House
	128 City Road
	London
	EC1V 2NX


Registered Number	15498567 (England and Wales)

Notes to the Financial Statements
for the period 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.

	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.

	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.

	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
	Average number of employees during the year	1

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
Additions	547,323	13,440	19,543	1,402	581,708
At 31 December 24	547,323	13,440	19,543	1,402	581,708
Depreciation and impairment
Charge for year	8,472	1,037	1,411	117	11,037
At 31 December 24	8,472	1,037	1,411	117	11,037
Net book value
At 31 December 24	538,851	12,403	18,132	1,285	570,671
At 16 February 24	-	-	-	-	-

4.	Stocks

		2024
		£
	Other stocks	31,114
	Total	31,114

5.	Creditors: amounts due within one year

		2024
		£
	Trade creditors / trade payables	21,657
	Taxation and social security	3,219
	Other creditors	2,986
	Accrued liabilities and deferred income	243,882
	Total	271,744

6.	Creditors: amounts due after one year

		2024
		£
	Amounts owed to related parties	738,474
	Total	738,474

7.	Related party transactions
	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 £148,660. 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 from The Big London Bake South Limited at 31 December 2024 was £207,117. 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 from The Big London Bake East Limited at 31 December 2024 was £345,804. The company received a loan from The Big Bakes Limited, an associated company. There are no fixed terms for the repayment of the loan but is is expected that monies will be repaid within five years. The amount owed to The Big Bakes Limited at 31st December 2024 was £36,893. Management fees of £94,530 were paid to The Big Bakes Limited during the year to cover the deemed cost of management support

Related party transactions

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 £148,660.

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 from The Big London Bake South Limited at 31 December 2024 was £207,117.

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 from The Big London Bake East Limited at 31 December 2024 was £345,804.

The company received a loan from The Big Bakes Limited, an associated company. There are no fixed terms for the repayment of the loan but is is expected that monies will be repaid within five years.
The amount owed to The Big Bakes Limited at 31st December 2024 was £36,893.

Management fees of £94,530 were paid to The Big Bakes Limited during the year to cover the deemed cost of management support

8.	Controlling party
	The parent company is he 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, 128 City Road, London, EC1V 2NX.

	Notes	2024
		£	£
Fixed assets
Tangible assets	3		570,671
			570,671
Current assets
Stocks	4	31,114
Debtors		3,433
Cash at bank and on hand		239,275
		273,822
Creditors amounts falling due within one year	5	(271,744)
Net current assets (liabilities)			2,078
Total assets less current liabilities			572,749
Creditors amounts falling due after one year	6		(738,474)
Net assets			(165,725)
Capital and reserves
Profit and loss account			(165,725)
Shareholders' funds			(165,725)