Company Registration No. 03058519 (England and Wales)
BIRDSTYLE LIMITED
Unaudited accounts
for the year ended 30 June 2024
BIRDSTYLE LIMITED
Unaudited accounts
Contents
BIRDSTYLE LIMITED
Company Information
for the year ended 30 June 2024
Directors
Jacob Getter
Joshua Getter
Company Number
03058519 (England and Wales)
Registered Office
C/O 32 CASTLEWOOD ROAD
LONDON
N16 6DW
ENGLAND
BIRDSTYLE LIMITED
Statement of financial position
as at 30 June 2024
Investment property
-
2,055,000
Cash at bank and in hand
118,049
393,734
Creditors: amounts falling due within one year
(190,980)
(226,845)
Net current assets
2,294,918
254,593
Total assets less current liabilities
2,321,208
2,314,392
Provisions for liabilities
Net assets
2,321,208
1,986,392
Called up share capital
100
100
Profit and loss account
2,321,108
1,986,292
Shareholders' funds
2,321,208
1,986,392
For the year ending 30 June 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by
Jacob Getter
Director
Company Registration No. 03058519
BIRDSTYLE LIMITED
Notes to the Accounts
for the year ended 30 June 2024
BIRDSTYLE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03058519. The registered office is C/O 32 CASTLEWOOD ROAD, LONDON, N16 6DW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The financial statements have been prepared in accordance with the accounting principals appropriate to a going concern.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RBM
Investment property is included at market fair value. Investment property fair value is determined by the directors based on their understanding of property market conditions and the specific property concerned. Gains or losses are recognized in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments in shares are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BIRDSTYLE LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2023
2,055,000
Investment property fair value was determined by the directors based on their understanding of property market conditions and the specific property concerned.
The historical cost of the properties is £0. (2023: £462,929).
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Investments
Other investments
Valuation at 1 July 2023
180
Valuation at 30 June 2024
26,290
The company holds 180 Ordinary Shares of the issued share capital in Kingsbridge Lordship Ltd, a company which is incorporated and registered in England and Wales.
In the year under review the company acquired the entire share capital of five subsidiary companies which are incorporated and registered in England and Wales.
Amounts falling due within one year
Amounts due from group undertakings etc.
2,300,690
-
Other debtors
67,159
80,256
BIRDSTYLE LIMITED
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,250
15,545
Other creditors
184,730
206,499
Allotted, called up and fully paid:
- Ordinary shares of £1 each
-
100
10,000 Ordinary shares of £0.01 each
100
-
Shares issued during the period:
10,000 Ordinary shares of £0.01 each
100
10
Transactions with related parties
In the year under review the company disposed of all its investment properties (£2,055,000) to five wholly owned subsidiaries.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).