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REGISTERED NUMBER: 08351212 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Sunbird Europe Limited

Sunbird Europe Limited (Registered number: 08351212)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Sunbird Europe Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W H Pike II
R C Smithson





REGISTERED OFFICE: Albany House
Shute End
Wokingham
Berkshire
RG40 1BJ





REGISTERED NUMBER: 08351212 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Sunbird Europe Limited (Registered number: 08351212)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 560 466

CURRENT ASSETS
Debtors 5 22,548 133,168
Cash at bank 22,672 9,515
45,220 142,683
CREDITORS
Amounts falling due within one year 6 384,474 1,083,691
NET CURRENT LIABILITIES (339,254 ) (941,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES (338,694 ) (940,542 )

CREDITORS
Amounts falling due after more than one year 7 5,783 9,520
NET LIABILITIES (344,477 ) (950,062 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium 249,980 249,980
Retained earnings (594,657 ) (1,200,242 )
SHAREHOLDERS' FUNDS (344,477 ) (950,062 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





W H Pike II - Director


Sunbird Europe Limited (Registered number: 08351212)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sunbird Europe 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.

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.

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

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 the straight line basis
Office Equipment - 20% on the straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the balance sheet date the company had a shareholders' funds deficit of £344,477 (2023 - £950,062). The directors are of the opinion that the shareholder will continue to support it for the foreseeable future, this being at least twelve months from the date that the balance sheet is signed.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Sunbird Europe Limited (Registered number: 08351212)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 139 5,086 5,225
Additions - 289 289
At 31 December 2023 139 5,375 5,514
DEPRECIATION
At 1 January 2023 95 4,664 4,759
Charge for year 28 167 195
At 31 December 2023 123 4,831 4,954
NET BOOK VALUE
At 31 December 2023 16 544 560
At 31 December 2022 44 422 466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors include £57,908 (2023 - £60,926) owed by Sunbird North America Inc, a fellow subsidiary of Sunbird Group Holdings Limited.This balance has been fully provided against as Sunbird North America Inc is a dormant company.
Also included within other debtors is an amount due from Sunbird Engineering Limited of £683 (2023 - £nil), a fellow subsidiary of Sunbird Group Holdings Limited. The loan is interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Included within creditors is a loan to Robert Smithson, director for £147,622 (2023 - £151,533). Interest is payable at 0.85% every 30 days on the original loan balance and it is repayable on demand.

Included within creditors in the prior year were amounts owed to Sunbird Engineering Limited, a fellow subsidiary of Sunbird Group Holdings Limited totalling £840,070. During the current year, £598,912 of this loan was written off to the profit and loss.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 5,783 9,520

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
200 Ordinary £1 200 200