The Big London Bake East Limited

The Big London Bake East Limited

THE BIG LONDON BAKE EAST LIMITED - Company Information

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1 January 2022 false Taxfiler 2023.9 13538616business:PrivateLimitedCompanyLtd2022-01-012022-12-31 135386162021-12-31 135386162022-01-012022-12-31 13538616business:AuditExemptWithAccountantsReport2022-01-012022-12-31 13538616business:FilletedAccounts2022-01-012022-12-31 135386162022-12-31 13538616business:Director12022-01-012022-12-31 13538616business:Director22022-01-012022-12-31 13538616business:RegisteredOffice2022-01-012022-12-31 135386162021-12-31 13538616core:WithinOneYear2022-12-31 13538616core:WithinOneYear2021-12-31 13538616core:AfterOneYear2022-12-31 13538616core:AfterOneYear2021-12-31 13538616core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 13538616core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 13538616core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 13538616core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 13538616core:PreviouslyStatedAmount2022-12-31 13538616core:PreviouslyStatedAmount2021-12-31 13538616business:SmallEntities2022-01-012022-12-31 13538616countries:EnglandWales2022-01-012022-12-31 13538616core:LandBuildings2022-01-012022-12-31 13538616core:PlantMachinery2022-01-012022-12-31 13538616core:FurnitureFittings2022-01-012022-12-31 13538616core:ComputerEquipment2022-01-012022-12-31 13538616core:LandBuildings2021-12-31 13538616core:PlantMachinery2021-12-31 13538616core:FurnitureFittings2021-12-31 13538616core:ComputerEquipment2021-12-31 13538616core:LandBuildings2022-12-31 13538616core:PlantMachinery2022-12-31 13538616core:FurnitureFittings2022-12-31 13538616core:ComputerEquipment2022-12-31 135386162021-07-292021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13538616 (England and Wales)
The Big London Bake East Limited Unaudited accounts for the year ended 31 December 2022
The Big London Bake East Limited Unaudited accounts Contents
Page
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The Big London Bake East Limited Company Information for the year ended 31 December 2022
Directors
Adam Chaudhri Eloise Frank
Company Number
13538616 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V 2NX
Accountants
Sphero Limited 7 Prospect Close Wollaston Wellingborough Northamptonshire NN29 7SP
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The Big London Bake East Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
258,515 
231,197 
Current assets
Inventories
14,425 
- 
Debtors
5
37,458 
15,088 
Cash at bank and in hand
272,125 
300 
324,008 
15,388 
Creditors: amounts falling due within one year
6
(90,846)
(6,347)
Net current assets
233,162 
9,041 
Total assets less current liabilities
491,677 
240,238 
Creditors: amounts falling due after more than one year
7
(231,826)
(170,538)
Provisions for liabilities
Deferred tax
(49,118)
(42,201)
Net assets
210,733 
27,499 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
210,732 
27,498 
Shareholders' funds
210,733 
27,499 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by
Eloise Frank Director Company Registration No. 13538616
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The Big London Bake East Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
The Big London Bake East Limited is a private company, limited by shares, registered in England and Wales, registration number 13538616. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. As a small group the company has taken advantage of exemptions under the Companies Act 2006 to not prepare consolidated financial statements.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives, starting 1 January 2022:
Land & buildings
10 years straight line / No depreciation
Plant & machinery
3 years / 5 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
5 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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The Big London Bake East Limited Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2022
9,088 
83,790 
138,319 
- 
231,197 
Additions
- 
69,953 
16,530 
2,866 
89,349 
At 31 December 2022
9,088 
153,743 
154,849 
2,866 
320,546 
Depreciation
Charge for the year
313 
31,147 
30,275 
296 
62,031 
At 31 December 2022
313 
31,147 
30,275 
296 
62,031 
Net book value
At 31 December 2022
8,775 
122,596 
124,574 
2,570 
258,515 
At 31 December 2021
9,088 
83,790 
138,319 
- 
231,197 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,783 
- 
Accrued income and prepayments
35,675 
331 
Other debtors
- 
14,757 
37,458 
15,088 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
47,063 
- 
Trade creditors
7,118 
5,202 
Amounts owed to group undertakings and other participating interests
32,203 
- 
Taxes and social security
3,892 
- 
Other creditors
570 
- 
Accruals
- 
1,145 
90,846 
6,347 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Amounts owed to group undertakings and other participating interests
231,826 
170,538 
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The Big London Bake East Limited Notes to the Accounts for the year ended 31 December 2022
8
Transactions with related parties
The company is in receipt of a small loan from 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 to The Big Birmingham Bake Limited at 31 December 2022 was £589. The company is in receipt of a small loan from The Big London Bake South 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 to The Big London Bank South Limited at 31 December 2022 was £31,614. The company is in receipt of 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 2022 was £231,827. Management fees of £120,000 were charged to The Big Bakes Limited on 31 December 2022 to cover the deemed cost of management report.
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.
10
Average number of employees
During the year the average number of employees was 25 (2021: 0).
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