Preheat the oven to 180ºC/350ºF/Gas Mark 4. Grease Wonderchef Pop Up Round Cake Pan and lightly dust it with flour. Sift flour with soda bicarbonate and baking powder.
Cream together the sugar and butter, till light and fluffy. Add the condensed milk and beat well. Stir in the milk and vanilla essence. Gradually add the flour, mixing well after each addition. Mix well for three to four minutes till the mixture is smooth and light.
Pour the batter into the prepared tin and bake for about thirty to thirty five minutes. Remove from the oven and turn out onto a wire rack and leave to cool completely.
Makes one (400 g) 8-inch cake