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REGISTERED NUMBER: 04202086 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

THREE LITTLE BIRDS LIMITED

THREE LITTLE BIRDS LIMITED (REGISTERED NUMBER: 04202086)






Contents of the Financial Statements
for the year ended 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THREE LITTLE BIRDS LIMITED

Company Information
for the year ended 30 APRIL 2024







DIRECTORS: F Ryan
R Doody





REGISTERED OFFICE: First floor Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 04202086 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

THREE LITTLE BIRDS LIMITED (REGISTERED NUMBER: 04202086)

Statement of Financial Position
30 APRIL 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Investment property 4 550,000 550,000

CURRENT ASSETS
Debtors 5 794 1,554
Cash at bank 18,781 14,151
19,575 15,705
CREDITORS
Amounts falling due within one year 6 (157,546 ) (148,471 )
NET CURRENT LIABILITIES (137,971 ) (132,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,029

417,234

CREDITORS
Amounts falling due after more than one
year

7

(12,686

)

(21,377

)

PROVISIONS FOR LIABILITIES 8 (77,863 ) (59,176 )
NET ASSETS 321,480 336,681

CAPITAL AND RESERVES
Called up share capital 400 400
Other reserves 233,588 252,275
Retained earnings 87,492 84,006
SHAREHOLDERS' FUNDS 321,480 336,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

THREE LITTLE BIRDS LIMITED (REGISTERED NUMBER: 04202086)

Statement of Financial Position - continued
30 APRIL 2024


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 8 January 2025 and were signed on its behalf by:





F Ryan - Director


THREE LITTLE BIRDS LIMITED (REGISTERED NUMBER: 04202086)

Notes to the Financial Statements
for the year ended 30 APRIL 2024

1. STATUTORY INFORMATION

Three Little Birds 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
Turnover represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date.

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 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.

Going concern
These accounts have been prepared on a going concern basis on the grounds that the directors of the company will not withdraw support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY


THREE LITTLE BIRDS LIMITED (REGISTERED NUMBER: 04202086)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

4. INVESTMENT PROPERTY - continued

Cost or valuation at 30 April 2024 is represented by:
£   
Valuation in 2022 50,000
Valuation in 2016 100,000
Valuation in 2014 75,000
Valuation in 2011 86,451
Cost 238,549
550,000

The fair value of the investment property at April 2024 has been arrived at on the basis of a valuation carried out at that date by the directors of the company who are not professionally qualified valuers. The directors believe the values shown in the accounts reflect the market value at at the reporting date. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other debtors 794 1,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 8,000 8,000
Taxation and social security 546 -
Other creditors 149,000 140,471
157,546 148,471

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 12,686 21,377

The loan is secured by a fixed charge over the property of the company.

8. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax
Other timing differences 77,863 59,176

THREE LITTLE BIRDS LIMITED (REGISTERED NUMBER: 04202086)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 59,176
Provided during year 18,687
Balance at 30 April 2024 77,863

The deferred tax provision as shown above relates to the potential future tax due should the investment property held by the company be sold. The provision has been calculated based on the difference between the historic cost of the property and the market value of the property as at the Balance Sheet date at the future applicable corporation tax rates. The increase in the provision for the year reflects the change in corporation tax rates from 19% to 25%, as required by FRS 102 S1A.