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REGISTERED NUMBER: 13628745 (England and Wales)


Bluebird Group Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Bluebird Group Limited (Registered number: 13628745)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Bluebird Group Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Dr B Tezcan
Mr K Tezcan
Mr E Tezcan





SECRETARY:





REGISTERED OFFICE: 2 Grosvenor Gardens
London
SW1W 0DH





REGISTERED NUMBER: 13628745 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bluebird Group Limited

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 Statement of Financial Position. Readers are cautioned that the Abridged 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 Bluebird Group Limited for the year ended 31 March 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bluebird Group Limited, 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 Bluebird Group Limited and state those matters that we have agreed to state to the Board of Directors of Bluebird Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bluebird Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bluebird Group Limited 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 Bluebird Group Limited. You consider that Bluebird Group Limited 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 Bluebird Group Limited. 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


28 July 2024

Bluebird Group Limited (Registered number: 13628745)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,964 -
Investments 5 136 725,230
Investment property 6 4,794,214 -
4,797,314 725,230

CURRENT ASSETS
Debtors 7 11,082 1,218,694
Cash at bank 977,794 84,145
988,876 1,302,839
CREDITORS
Amounts falling due within one year 8 2,107,664 2,258,556
NET CURRENT LIABILITIES (1,118,788 ) (955,717 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,678,526

(230,487

)

CREDITORS
Amounts falling due after more than one
year

9

4,179,631

-
NET LIABILITIES (501,105 ) (230,487 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (501,205 ) (230,587 )
SHAREHOLDERS' FUNDS (501,105 ) (230,487 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Bluebird Group Limited (Registered number: 13628745)

Statement of Financial Position - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2024 and were signed on its behalf by:





Dr B Tezcan - Director


Bluebird Group Limited (Registered number: 13628745)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Bluebird Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary activities of the business and is recognised when the rents are due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Bluebird Group Limited (Registered number: 13628745)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
Additions 3,705
At 31 March 2024 3,705
DEPRECIATION
Charge for year 741
At 31 March 2024 741
NET BOOK VALUE
At 31 March 2024 2,964

Bluebird Group Limited (Registered number: 13628745)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 725,230
Additions 30,649
Disposals (895,733 )
Revaluations 139,464
Dividends received 526
At 31 March 2024 136
NET BOOK VALUE
At 31 March 2024 136
At 31 March 2023 725,230

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2022 (129,905 )
Valuation in 2023 (87,361 )
Valuation in 2024 217,263
Cost 139
136

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 139 955,000

Fixed asset investments were valued on an open market basis on 31 March 2024 by Interactive Brokers .

Bluebird Group Limited (Registered number: 13628745)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 4,794,214
At 31 March 2024 4,794,214
NET BOOK VALUE
At 31 March 2024 4,794,214

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,082 1,218,694

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 139,279 -
Trade creditors 14 -
Amounts owed to group undertakings 1,665,490 2,257,776
Other creditors 302,881 780
2,107,664 2,258,556

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 4,179,631 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,622,514 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Bluebird Group Limited (Registered number: 13628745)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 (230,587 )
Deficit for the year (270,618 )
At 31 March 2024 (501,205 )

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr B Tezcan
Balance outstanding at start of year 472,960 174,480
Amounts advanced - 473,480
Amounts repaid (472,960 ) (175,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 472,960

The director repaid an amount of £475,000 to the company on 2nd August 2023.

13. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to key management personnel at balance sheet date of £271,040 (2023: £474,480 owed from). No interest is charged on this balance and it is repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Grosvenor Gardens Holdings Ltd.

The ultimate controlling party is Dr B Tezcan.