Company registration number 08918924 (England and Wales)
FOUNDLING BIRD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
FOUNDLING BIRD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FOUNDLING BIRD LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
1
1
Current assets
Debtors
5
1,285
750
Cash at bank and in hand
411,024
449,499
412,309
450,249
Creditors: amounts falling due within one year
6
(381,237)
(401,756)
Net current assets
31,072
48,493
Total assets less current liabilities
31,073
48,494
Capital and reserves
Called up share capital
10
10
Share premium account
149,990
149,990
Profit and loss reserves
(118,927)
(101,506)
Total equity
31,073
48,494

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
Andrew Davenport
Director
Company Registration No. 08918924
FOUNDLING BIRD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Foundling Bird Limited is a private company limited by shares incorporated in England and Wales. The registered office is 180 Great Portland Street, London, W1W 5QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

 

All fixed assets are fully depreciated

 

1.3
Fixed asset investments

The investment is in a private limited company and therefore valued at cost.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

FOUNDLING BIRD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 and 31 October 2023
7,813
Depreciation
At 1 November 2022 and 31 October 2023
7,813
Carrying amount
At 31 October 2023
-
0
At 31 October 2022
-
0
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1
1
Fixed asset investments not carried at market value

The investment is in a private limited company and therefore valued at cost.

5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
750
Other debtors
1,285
-
0
1,285
750
FOUNDLING BIRD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
56
Taxation and social security
-
0
12,515
Other creditors
381,237
389,185
381,237
401,756
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