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Registration number: 10766688

Fort Baker Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Fort Baker Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 8

Fort Baker Limited

(Registration number: 10766688)
Statement of Financial Position as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 684,932 | 681,194
Current assets |  |  |
Debtors | 5 | 263,576 | 248,029
Cash at bank and in hand |  | 36,945 | 39,246
|  | 300,521 | 287,275
Creditors: Amounts falling due within one year | 6 | (55,048) | (54,803)
Net current assets |  | 245,473 | 232,472
Total assets less current liabilities |  | 930,405 | 913,666
Creditors: Amounts falling due after more than one year | 6 | (388,913) | (401,866)
Provisions for liabilities |  | (111,091) | (110,156)
Net assets |  | 430,401 | 401,644
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Revaluation reserve |  | 330,107 | 330,107
Profit and loss account |  | 99,294 | 70,537
Shareholders' funds |  | 430,401 | 401,644

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 12 March 2026

T W Lewis Director

Fort Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit B2
Trevol Business Park
Torpoint
Cornwall
PL11 2TB

Principal activity

The principal activity of the company is that of rental units.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Fort Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Fort Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | Reducing balance 25%
Improvements to property | Reducing balance 15%
Motor vehicles | Reducing balance 25%

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Fort Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 674,730 | 5,275 | 10,433 | 3,162 | 693,600
Additions | - | 6,600 | - | - | 6,600
At 30 June 2025 | 674,730 | 11,875 | 10,433 | 3,162 | 700,200
Depreciation
At 1 July 2024 | - | 3,606 | 6,388 | 2,412 | 12,406
Charge for the year | - | 2,067 | 607 | 188 | 2,862
At 30 June 2025 | - | 5,673 | 6,995 | 2,600 | 15,268
Carrying amount
At 30 June 2025 | 674,730 | 6,202 | 3,438 | 562 | 684,932
At 30 June 2024 | 674,730 | 1,669 | 4,045 | 750 | 681,194

Included within the net book value of land and buildings above is £674,730 (2024 - £674,730) in respect of freehold land and buildings.

5 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 18,452 | 6,921
Amounts owed by related parties | 9 | 245,124 | 241,108
|  | 263,576 | 248,029

Fort Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 8 | 17,239 | 18,539
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 3,539 | 3,539
Taxation and social security |  | 10,174 | 10,995
Other creditors |  | 24,096 | 21,730
|  | 55,048 | 54,803

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 8 | 388,913 | 401,866

The bank loan is secured.

7 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 9,923 | 9,923

Profit and loss account:
This reserve records retained earnings and accumulated losses.

Fort Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 388,913 | 401,866

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 17,239 | 18,539

9 | Related party transactions

Transactions with the director

2025 | At 1 July 2024 £ | Advances to director £ | Repayments by director £ | At 30 June 2025 £
Director | (14,868) | - | (2,247) | (17,115)

2024 | At 1 July 2023 £ | Advances to director £ | Repayments by director £ | At 30 June 2024 £
Director | (44,934) | 52,161 | (22,095) | (14,868)

Fort Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

9 | Related party transactions (continued)

Loans to related parties

2025 | Westcountry Bakery Limited £ | Airtight Storage Solutions Limited £ | Total £
At start of period | (3,539) | 241,108 | 237,569
Advanced | - | 10,000 | 10,000
Repaid | - | (24,223) | (24,223)
Interest transactions | - | 18,238 | 18,238
At end of period | (3,539) | 245,123 | 241,584

2024 | Westcountry Bakery Limited £ | Airtight Storage Solutions Limited £ | Total £
At start of period | 56,461 | - | 56,461
Advanced | - | 253,300 | 253,300
Repaid | (60,000) | (24,396) | (84,396)
Interest transactions | - | 12,204 | 12,204
At end of period | (3,539) | 241,108 | 237,569

Terms of loans to related parties
Westcountry Bakery Limited and Airtight Storage Solutions Limited are controlled by same director as Fort Baker Limited.