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REGISTERED NUMBER: 01568270 (England and Wales)














Financial Statements

for the Year Ended 30 June 2024

for

Birdquest Limited

Birdquest Limited (Registered number: 01568270)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Birdquest Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr M A S Beaman
Ms I Vandyke



SECRETARY: Mr M A S Beaman



REGISTERED OFFICE: Two Jays
Kemple End
Birdy Brow
Stonyhurst
Lancashire
BB7 9QY



REGISTERED NUMBER: 01568270 (England and Wales)



SENIOR STATUTORY AUDITOR: Ian Sluckis BA FCA



AUDITORS: Freedman Frankl & Taylor
Statutory Auditors
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Birdquest Limited (Registered number: 01568270)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,724 46,324

CURRENT ASSETS
Debtors 5 357,292 391,134
Cash at bank and in hand 1,918,658 2,116,185
2,275,950 2,507,319
CREDITORS
Amounts falling due within one year 6 1,253,190 1,530,905
NET CURRENT ASSETS 1,022,760 976,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,053,484

1,022,738

CREDITORS
Amounts falling due after more than one
year

7

(150,428

)

(162,736

)

PROVISIONS FOR LIABILITIES (7,460 ) (11,312 )
NET ASSETS 895,596 848,690

CAPITAL AND RESERVES
Called up share capital 8 30,000 30,000
Retained earnings 865,596 818,690
SHAREHOLDERS' FUNDS 895,596 848,690

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





Mr M A S Beaman - Director


Birdquest Limited (Registered number: 01568270)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Birdquest 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.

Significant judgements and estimates
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below.

Assessing indicators of impairment
In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions and experience of recoverability.

Tangible fixed assets
Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, and represents amounts receivable for the sale of package holidays and other services supplied to customers in the ordinary course of business, net of VAT and loyalty discounts. Revenue is recognised at the point at which departure takes place as this is when the risks and rewards transfer, revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Deferred revenue and related expenditure
Once a payment has been received from a customer the value of the booking is recorded in deferred income and included as part of creditors. Costs incurred prior to the year end in respect of those services are also deferred until the date of customer departure and where paid are recognised within debtors.

Finance income and expense
Interest income and expense is recognised using the effective interest rate method.

Birdquest Limited (Registered number: 01568270)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office extension & alterations - 10% on cost
Computer equipment - 20% on cost
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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
The company's financial statements for the year ended 30 June 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

Birdquest Limited (Registered number: 01568270)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Office Fixtures
extension Computer and
& alterations equipment fittings Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 18,906 116,291 177,562 312,759
DEPRECIATION
At 1 July 2023 18,906 72,797 174,732 266,435
Charge for year - 15,175 425 15,600
At 30 June 2024 18,906 87,972 175,157 282,035
NET BOOK VALUE
At 30 June 2024 - 28,319 2,405 30,724
At 30 June 2023 - 43,494 2,830 46,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 357,292 391,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 15,975 84,051
Accruals and deferred income 1,237,215 1,446,854
1,253,190 1,530,905

Included in accruals and deferred income is £1,363,143 (2023: £1,560,089) representing deposits received for tours commencing after the year end which are not refundable unless the tour is cancelled through unforeseeable circumstances or due to insufficient bookings.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Accruals and deferred income 150,428 162,736

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary £1 30,000 30,000

Birdquest Limited (Registered number: 01568270)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Sluckis BA FCA (Senior Statutory Auditor)
for and on behalf of Freedman Frankl & Taylor