EARLY BIRD PROPERTY LTD

Company Registration Number:
14830640 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 26 April 2023

End date: 30 June 2024

EARLY BIRD PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

EARLY BIRD PROPERTY LTD

Balance sheet

As at 30 June 2024


Notes

14 months to 30 June 2024


£
Fixed assets
Investments: 3 446,286
Total fixed assets: 446,286
Current assets
Cash at bank and in hand: 1,826
Total current assets: 1,826
Net current assets (liabilities): 1,826
Total assets less current liabilities: 448,112
Creditors: amounts falling due after more than one year: 4 (447,786)
Total net assets (liabilities): 326
Capital and reserves
Called up share capital: 2
Profit and loss account: 324
Shareholders funds: 326

The notes form part of these financial statements

EARLY BIRD PROPERTY LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2025
and signed on behalf of the board by:

Name: Mrs Shahnaz T Qadeer
Status: Director

The notes form part of these financial statements

EARLY BIRD PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EARLY BIRD PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

14 months to 30 June 2024
Average number of employees during the period 0

EARLY BIRD PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Fixed investments

The company's principal activity continues to be that of letting and operating of own or leased real estate. The company owns one investment property for the purpose of generating rental income.

EARLY BIRD PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due after more than one year note

The company's financial instruments comprise a directors' loan and a buy-to-let, interest-only mortgage. The directors' loan is classified as a long-term liability, bearing no interest. The directors' have confirmed they have no intention on recalling this loan in the near future. The company has a buy-to-let, interest-only mortgage of £272,950. The mortgage currently carries an interest rate of 4.89%, fixed for a term of 5 years, and is secured against the investment property. The repayment date has not yet been determined. The mortgage is additionally secured by uncapped personal guarantees provided by both directors.

EARLY BIRD PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Related party transactions

Name of the related party: Mr Mohammad Qadeer & Mrs Shahnaz T Qadeer
Relationship:
Directors, Shareholders
Description of the Transaction: The directors provided several loans to the company in order to facilitate the purchase of the first investment property. The directors' loan is classified as a long-term liability, bearing no interest. The directors' have confirmed they have no intention on recalling this loan in the near future.
£
Balance at 30 June 2024 174,836