Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01The principal activity of the company during the period was property rental.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09425206 2023-04-01 2024-03-31 09425206 2022-04-01 2023-03-31 09425206 2024-03-31 09425206 2023-03-31 09425206 c:Director1 2023-04-01 2024-03-31 09425206 c:Director2 2023-04-01 2024-03-31 09425206 c:RegisteredOffice 2023-04-01 2024-03-31 09425206 d:FreeholdInvestmentProperty 2024-03-31 09425206 d:FreeholdInvestmentProperty 2023-03-31 09425206 d:CurrentFinancialInstruments 2024-03-31 09425206 d:CurrentFinancialInstruments 2023-03-31 09425206 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09425206 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09425206 d:ShareCapital 2024-03-31 09425206 d:ShareCapital 2023-03-31 09425206 d:RetainedEarningsAccumulatedLosses 2024-03-31 09425206 d:RetainedEarningsAccumulatedLosses 2023-03-31 09425206 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 09425206 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 09425206 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09425206 c:OrdinaryShareClass1 2024-03-31 09425206 c:OrdinaryShareClass1 2023-03-31 09425206 c:FRS102 2023-04-01 2024-03-31 09425206 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09425206 c:FullAccounts 2023-04-01 2024-03-31 09425206 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09425206









FIREBIRD RESOURCES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FIREBIRD RESOURCES LIMITED
 
 
COMPANY INFORMATION


Directors
Y Kadatskaya 
E Strachan 




Registered number
09425206



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
FIREBIRD RESOURCES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6

 
FIREBIRD RESOURCES LIMITED
REGISTERED NUMBER: 09425206

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
3,200,000
3,200,000

  
3,200,000
3,200,000

Current assets
  

Cash at bank and in hand
 5 
19,904
9,833

  
19,904
9,833

Creditors: amounts falling due within one year
 6 
(2,839,518)
(2,853,646)

Net current liabilities
  
 
 
(2,819,614)
 
 
(2,843,813)

Total assets less current liabilities
  
380,386
356,187

  

Net assets
  
380,386
356,187


Capital and reserves
  

Called up share capital 
 8 
50,000
50,000

Profit and loss account
  
330,386
306,187

  
380,386
356,187

Page 1

 
FIREBIRD RESOURCES LIMITED
REGISTERED NUMBER: 09425206
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E Strachan
Director
Date: 4 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FIREBIRD RESOURCES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Firebird Resources Limited is a private company limited by shares, incorporated in England and Wales with registration number of 09425206. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FIREBIRD RESOURCES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the external valuers or directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 4

 
FIREBIRD RESOURCES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
3,200,000



At 31 March 2024
3,200,000

The directors consider the fair value of the investment property to be £3,200,000 at an open market on existing use basis as at 31 March 2024, therefore no gain or loss was recognised in the Profit and Loss Account during the year. 



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
3,152,101
3,152,101


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,904
9,833



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,453
6,472

Corporation tax
8,832
7,783

Other creditors
2,811,551
2,828,201

Accruals and deferred income
17,682
11,190

2,839,518
2,853,646


Page 5

 
FIREBIRD RESOURCES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
19,904
9,833




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) Ordinary shares of £1.00 each
50,000
50,000


 
Page 6