Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity12021-01-01false1truetrue 11711567 2021-01-01 2021-12-31 11711567 2020-01-01 2020-12-31 11711567 2021-12-31 11711567 2020-12-31 11711567 c:Director1 2021-01-01 2021-12-31 11711567 c:RegisteredOffice 2021-01-01 2021-12-31 11711567 d:CurrentFinancialInstruments 2021-12-31 11711567 d:CurrentFinancialInstruments 2020-12-31 11711567 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11711567 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11711567 d:ShareCapital 2021-12-31 11711567 d:ShareCapital 2020-12-31 11711567 d:RetainedEarningsAccumulatedLosses 2021-12-31 11711567 d:RetainedEarningsAccumulatedLosses 2020-12-31 11711567 c:OrdinaryShareClass1 2021-01-01 2021-12-31 11711567 c:OrdinaryShareClass1 2021-12-31 11711567 c:OrdinaryShareClass1 2020-12-31 11711567 c:FRS102 2021-01-01 2021-12-31 11711567 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11711567 c:FullAccounts 2021-01-01 2021-12-31 11711567 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11711567 2 2021-01-01 2021-12-31 11711567 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11711567








LUCKY BIRD LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021



















img1012.png

 
LUCKY BIRD LIMITED
 
 
Company Information


Director
A F Beard 




Registered number
11711567



Registered office
5 Fleet Place

London

England

EC4M 7RD




Accountants
Sayers Butterworth LLP
Chartered Accountants

3rd Floor

12 Gough Square

London

EC4A 3DW





 
LUCKY BIRD LIMITED
Registered number: 11711567

Balance Sheet
As at 31 December 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
4,500
4,500

  
4,500
4,500

Current assets
  

Debtors: amounts falling due within one year
 5 
16,147,256
15,629,524

Cash at bank and in hand
  
1,968,745
1,970,193

  
18,116,001
17,599,717

Creditors: amounts falling due within one year
 6 
(16,258,199)
(15,727,945)

Net current assets
  
 
 
1,857,802
 
 
1,871,772

Total assets less current liabilities
  
1,862,302
1,876,272

Net assets
  
1,862,302
1,876,272


Capital and reserves
  

Called up share capital 
 7 
2,000,100
2,000,100

Profit and loss account
  
(137,798)
(123,828)

  
1,862,302
1,876,272


Page 1

 
LUCKY BIRD LIMITED
Registered number: 11711567
    
Balance Sheet (continued)
As at 31 December 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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 Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 September 2022.




A F Beard
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LUCKY BIRD LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2021

1.


General information

Lucky Bird Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11711567. The address of the registered office is 5 Fleet Place, London, England, EC4M 7RD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
LUCKY BIRD LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2021

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Valuation of investments

Investments in joint ventures are held at cost less impairment.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.8

Cash and cash equivalents

Cash is represented by deposits held with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

Short term creditors are measured at the transaction price. 

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 4

 
LUCKY BIRD LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2021

4.


Fixed asset investments





Investment in joint ventures

£



Cost or valuation


At 1 January 2021
4,500



At 31 December 2021
4,500





5.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
90
90

Amounts owed by joint ventures and associated undertakings
16,147,156
15,629,424

Other debtors
10
10

16,147,256
15,629,524



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other loans
16,147,156
15,629,424

Trade creditors
-
93,958

Other creditors
102,720
-

Accruals and deferred income
8,323
4,563

16,258,199
15,727,945


Page 5

 
LUCKY BIRD LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2021

7.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



2,000,000 (2020 - 2,000,000) Ordinary shares of £1.00 each
2,000,000
2,000,000

Allotted, called up and unpaid



100 (2020 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

During the year the Director loaned the company £620,452 (2020 - £15,629,424) by way of an interest free loan which is repayable on demand. At 31 December 2021 the balance due to the Director was £16,767,608 (2020 - £15,629,424).
During the year, the company loaned a joint venture £517,732 (2020 - £15,629,424). The balance outstanding at 31 December 2021 was £16,147,156 (2020 - £15,629,424). The amount is interest free and repayable on demand.

 
Page 6