REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
BLUEBIRD TREASURY SERVICES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
BLUEBIRD TREASURY SERVICES LIMITED |
BLUEBIRD TREASURY SERVICES LIMITED (REGISTERED NUMBER: 07224732) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BLUEBIRD TREASURY SERVICES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Bridge Lane |
London |
NW11 0EA |
BLUEBIRD TREASURY SERVICES LIMITED (REGISTERED NUMBER: 07224732) |
BALANCE SHEET |
30 APRIL 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 TREASURY SERVICES LIMITED (REGISTERED NUMBER: 07224732) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
BLUEBIRD TREASURY SERVICES LIMITED (REGISTERED NUMBER: 07224732) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Bluebird Treasury Services 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 the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Preparation of consolidated financial statements |
The financial statements contain information about Bluebird Treasury Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is not required by the Companies Act 2006 to prepare consolidated financial statements, because the group is small. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Financial instruments |
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised. |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange prevailing at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange prevailing at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Investments |
Investments in associate undertakings are recognised at cost, less a provision for impairment where appropriate. Other investments consist of listed investments and investments in unquoted investment funds which are measured at fair value. Changes in fair value are recognised in the income statement. |
BLUEBIRD TREASURY SERVICES LIMITED (REGISTERED NUMBER: 07224732) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 May 2023 | 2,259,059 |
Additions | 207,574 |
Disposals | ( |
) | (50,008 | ) |
Revaluations | 13,278 |
Exchange differences | ( |
) | (1,156 | ) |
At 30 April 2024 | 2,428,747 |
NET BOOK VALUE |
At 30 April 2024 | 2,428,747 |
At 30 April 2023 | 2,259,059 |
Cost or valuation at 30 April 2024 is represented by: |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2019 | - | 26,439 | 26,439 |
Valuation in 2020 | - | 40,378 | 40,378 |
Valuation in 2021 | (238,000 | ) | (20,031 | ) | (258,031 | ) |
Valuation in 2022 | - | 358,746 | 358,746 |
Valuation in 2023 | - | 67,609 | 67,609 |
Valuation in 2024 | - | 13,278 | 13,278 |
Cost | 800,000 | 1,380,328 | 2,180,328 |
562,000 | 1,866,747 | 2,428,747 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Amounts owed by related parties |
Sundry debtors |
BLUEBIRD TREASURY SERVICES LIMITED (REGISTERED NUMBER: 07224732) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade creditors |
Amounts owed to related parties |
Taxation and social security |
Sundry creditors |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 May 2023 |
Fair value transfer | 13,278 |
Deferred tax transfer | 3,319 |
At 30 April 2024 |
8. | GOING CONCERN |
The financial statements have been prepared on a going concern basis, which is dependent on the continued support of the directors and the subsidiary company, which is controlled by the directors. The directors do not intend to withdraw their support in the foreseeable future and therefore the going concern basis is reasonable. |