REGISTERED NUMBER: SC586255 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Home Bakery (Macduff) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

H W McLeay

Mrs S L Davis

J S McLeay

J W McLeay

REGISTERED OFFICE:

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

BUSINESS ADDRESS:

18 Duff Street

MACDUFF

AB44 1TL

REGISTERED NUMBER:

SC586255 (Scotland)

ACCOUNTANTS:

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

FIXED ASSETS

Tangible assets

4

137,219

165,964

Investment property

5

70,000

70,000

207,219

235,964

CURRENT ASSETS

Stocks

4,005

5,683

Debtors

6

5,559

3,753

Cash at bank and in hand

31,582

32,329

41,146

41,765

CREDITORS

Amounts falling due within one year

7

(656,078

)

(658,377

)

NET CURRENT LIABILITIES

(614,932

)

(616,612

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(407,713

)

(380,648

)

PROVISIONS FOR LIABILITIES

(5,065

)

(7,469

)

NET LIABILITIES

(412,778

)

(388,117

)

CAPITAL AND RESERVES

Called up share capital

120

120

Fair value reserve

8

(11,053

)

(11,053

)

Retained earnings

(401,845

)

(377,184

)

(412,778

)

(388,117

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

H W McLeay - Director

Mrs S L Davis - Director

J S McLeay - Director

J W McLeay - Director

1.	STATUTORY INFORMATION

Home Bakery (Macduff) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

in accordance with the property

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Although the going concern basis has been adopted in these accounts, its continued appropriateness is dependent upon future trading performance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 October 2024

and 30 September 2025

37,468

192,336

94,465

DEPRECIATION

At 1 October 2024

-

117,095

57,550

Charge for year

-

19,237

5,538

At 30 September 2025

-

136,332

63,088

NET BOOK VALUE

At 30 September 2025

37,468

56,004

31,377

At 30 September 2024

37,468

75,241

36,915

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2024

and 30 September 2025

3,631

19,595

2,800

350,295

DEPRECIATION

At 1 October 2024

2,269

4,899

2,518

184,331

Charge for year

204

3,674

92

28,745

At 30 September 2025

2,473

8,573

2,610

213,076

NET BOOK VALUE

At 30 September 2025

1,158

11,022

190

137,219

At 30 September 2024

1,362

14,696

282

165,964

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

70,000

NET BOOK VALUE

At 30 September 2025

70,000

At 30 September 2024

70,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2020

(11,053

)

Cost

81,053

70,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.25

30.9.24

£

£

Cost

81,053

81,053

Aggregate depreciation

(12,836

)

(11,216

)

investment property was valued on an open market basis on 30 September 2020 by DM Hall Chartered Surveyors .

The investment property was not re-valued by an independent valuer at the balance sheet date, in the opinion of the directors the value of the investment property has not altered since the last independent valuation in September 2020.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

2,271

1,168

Prepayments

3,288

2,585

5,559

3,753

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Other loans

624,790

624,790

Trade creditors

14,433

16,368

PAYE

1,833

1,552

VAT

5,476

6,159

Accrued expenses

9,546

9,508

656,078

658,377

8.

RESERVES

Fair

value

reserve

£

At 1 October 2024

and 30 September 2025

(11,053

)

9.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Home Bakery (Macduff) Ltd for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Home Bakery (Macduff) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Home Bakery (Macduff) Ltd and state those matters that we have agreed to state to the Board of Directors of Home Bakery (Macduff) Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Home Bakery (Macduff) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Home Bakery (Macduff) Ltd. You consider that Home Bakery (Macduff) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Home Bakery (Macduff) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

1 May 2026