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REGISTERED NUMBER: SC105100 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Sunbird (U.K.) Limited

Sunbird (U.K.) Limited (Registered number: SC105100)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sunbird (U.K.) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: E H Martin
S Limb





SECRETARY: A I Armstrong





REGISTERED OFFICE: Clyde Marina
The Harbour
Ardrossan
Ayrshire
KA22 8DB





REGISTERED NUMBER: SC105100 (Scotland)





ACCOUNTANTS: Armstrongs Accounting Services Limited
7 Dunvegan Drive
Newton Mearns
Glasgow
G77 5EB

Sunbird (U.K.) Limited (Registered number: SC105100)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,383 2,158
Investments 5 2,450 2,450
3,833 4,608

CURRENT ASSETS
Stocks 317,617 308,609
Debtors 6 75,457 206,232
Cash at bank and in hand 83,781 234,126
476,855 748,967
CREDITORS
Amounts falling due within one year 7 797,392 773,213
NET CURRENT LIABILITIES (320,537 ) (24,246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(316,704

)

(19,638

)

CREDITORS
Amounts falling due after more than one year 8 7,500 17,500
NET LIABILITIES (324,204 ) (37,138 )

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (374,204 ) (87,138 )
(324,204 ) (37,138 )

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

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

Sunbird (U.K.) Limited (Registered number: SC105100)

Balance Sheet - continued
31 August 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 16 January 2025 and were signed on its behalf by:





E H Martin - Director


Sunbird (U.K.) Limited (Registered number: SC105100)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sunbird (U.K.) Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Sunbird (U.K.) Limited (Registered number: SC105100)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 80,421
DEPRECIATION
At 1 September 2023 78,263
Charge for year 775
At 31 August 2024 79,038
NET BOOK VALUE
At 31 August 2024 1,383
At 31 August 2023 2,158

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 2,450
NET BOOK VALUE
At 31 August 2024 2,450
At 31 August 2023 2,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 25,813 34,007
Other debtors 49,644 172,225
75,457 206,232

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 33,466 140,997
Taxation and social security 13,341 7,189
Other creditors 740,585 615,027
797,392 773,213

Sunbird (U.K.) Limited (Registered number: SC105100)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,500 17,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Director, Mr Eric Martin, has advanced the sum of £189,367 (2023 £250,019) to facilitate the acquisition of a yacht for resale. The monies so advanced will be repaid from the proceeds received on sale of the yacht. No interest is being charged on this stocking loan.

10. RELATED PARTY DISCLOSURES

Mr E Martin and Mr S Limb are directors of Clyde Marina Limited.

At 31 August 2024 Sunbird (UK) Limited owed £540,209 to Clyde Marina Limited (2023 £357,352).

During the year to 31 August 2023 the company received a management cost contribution from Clyde Marina Limited of £65,000 (2023 £75,416).