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REGISTERED NUMBER: 02559444 (England and Wales)









Report of the Directors and

Unaudited Consolidated Financial Statements

for the Year Ended 31 October 2024

for

THE BIRD GROUP OF COMPANIES LIMITED

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Contents of the Consolidated Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Consolidated Income Statement 4

Consolidated Other Comprehensive Income 5

Consolidated Balance Sheet 6

Company Balance Sheet 8

Consolidated Statement of Changes in Equity 10

Company Statement of Changes in Equity 11

Notes to the Consolidated Financial Statements 12


THE BIRD GROUP OF COMPANIES LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A P M Bird OBE
A N Bird
S A Baker
J M Palmer
B F Bird
R C A Palmer
K D Lawley





REGISTERED OFFICE: The Hunting Lodge
Billesley Road
Upper Billesley
Stratford Upon Avon
Warwickshire
CV37 9RA





REGISTERED NUMBER: 02559444 (England and Wales)





ACCOUNTANTS: Gravita
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Report of the Directors
FOR THE YEAR ENDED 31 OCTOBER 2024


The directors present their report with the financial statements of the company and the group for the year ended 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the Company and the Group during the year was property development, rentals and disposals. The Group also manufactures and distributes horticultural and allied products.

REVIEW OF BUSINESS
There have not been any significant changes in the Group's principal activities in the year under review. The directors are not aware, at the date of this report, of any likely major changes in the Group's principal activities in the forthcoming financial year.

The Group has continued to develop its property portfolio, both by securing planning permissions and by securing new lease arrangements with tenants. The Group is ready to achieve further gains in 2025, such that the gearing will be reduced.

The Group's key performance measurements are rental income and property valuations. During the year the Group received rental income of £1,552,354 (2023: £1,360,331). The investment property portfolio was valued at 31 October 2024 at £16,864,117 (2023: £16,864,117). The directors have considered the value of the properties to be the value at the year end date which included considerations based on latest yields, occupancy rates and lease terms in place.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

A P M Bird OBE
A N Bird
S A Baker
J M Palmer
B F Bird
R C A Palmer
K D Lawley

Other changes in directors holding office are as follows:

J H Elliott ceased to be a director after 31 October 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





K D Lawley - Director


10 July 2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Bird Group of Companies Limited



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Bird Group of Companies Limited for the year ended 31 October 2024 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of The Bird Group of Companies Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Bird Group of Companies Limited and state those matters that we have agreed to state to the directors of The Bird Group of Companies Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Bird Group of Companies Limited and its directors for our work or for this report.

It is your duty to ensure that The Bird Group of Companies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Bird Group of Companies Limited. You consider that The Bird Group of Companies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Bird Group of Companies Limited. For this reason, we do not express any opinion on the statutory financial statements.






Gravita
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL


10 July 2025

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Consolidated Income Statement
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Notes £    £   

TURNOVER 3 2,468,418 2,364,702

Cost of sales (202,839 ) (246,333 )
GROSS PROFIT 2,265,579 2,118,369

Administrative expenses (1,938,113 ) (1,303,522 )
327,466 814,847

Other operating income 59,902 85,406
OPERATING PROFIT 387,368 900,253

Interest receivable and similar income 3,263 2,746
390,631 902,999
Gain/loss on revaluation of investment
property

-

(48,950

)
390,631 854,049

Interest payable and similar expenses 5 (766,179 ) (695,011 )
(LOSS)/PROFIT BEFORE TAXATION (375,548 ) 159,038

Tax on (loss)/profit 6 - -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(375,548

)

159,038
(Loss)/profit attributable to:
Owners of the parent (375,548 ) 159,038

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Consolidated Other Comprehensive Income
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (375,548 ) 159,038


OTHER COMPREHENSIVE INCOME
Actuarial gain/(loss) relating to the 110,000 118,000
pension scheme
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME
TAX


110,000


118,000
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(265,548

)

277,038

Total comprehensive income attributable to:
Owners of the parent (265,548 ) 277,038

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Consolidated Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 8 17,722,010 17,705,530
Investments 9 - -
17,722,010 17,705,530

CURRENT ASSETS
Stocks 879,449 816,096
Debtors 10 758,838 946,649
Cash at bank and in hand 584,830 1,568,229
2,223,117 3,330,974
CREDITORS
Amounts falling due within one year 11 (2,678,880 ) (3,283,380 )
NET CURRENT (LIABILITIES)/ASSETS (455,763 ) 47,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,266,247

17,753,124

CREDITORS
Amounts falling due after more than one
year

12

(7,884,344

)

(7,906,260

)

PENSION LIABILITY 14 (2,508,000 ) (2,707,413 )
NET ASSETS 6,873,903 7,139,451

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Consolidated Balance Sheet - continued
31 OCTOBER 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 74,388 74,388
Share premium 1,314,625 1,314,625
Revaluation reserve 6,718,576 6,718,576
Capital redemption reserve 30,980 30,980
Merger reserve (29,220 ) (29,220 )
Retained earnings (1,235,446 ) (969,898 )
SHAREHOLDERS' FUNDS 6,873,903 7,139,451

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





K D Lawley - Director


THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Company Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 8 14,163,577 14,131,882
Investments 9 29,226 29,226
14,192,803 14,161,108

CURRENT ASSETS
Debtors 10 646,008 1,088,056
Cash at bank and in hand 112,413 882,957
758,421 1,971,013
CREDITORS
Amounts falling due within one year 11 (2,164,469 ) (2,777,009 )
NET CURRENT LIABILITIES (1,406,048 ) (805,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,786,755

13,355,112

CREDITORS
Amounts falling due after more than one
year

12

(7,109,997

)

(7,114,743

)

PENSION LIABILITY 14 (2,508,000 ) (2,707,413 )
NET ASSETS 3,168,758 3,532,956

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Company Balance Sheet - continued
31 OCTOBER 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 74,388 74,388
Share premium 1,314,625 1,314,625
Revaluation reserve 4,263,184 4,263,184
Capital redemption reserve 30,980 30,980
Retained earnings (2,514,419 ) (2,150,221 )
SHAREHOLDERS' FUNDS 3,168,758 3,532,956

Company's loss for the financial year (474,198 ) (189,998 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





K D Lawley - Director


THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Consolidated Statement of Changes in Equity
FOR THE YEAR ENDED 31 OCTOBER 2024

Called up
share Retained Share
capital earnings premium
£    £    £   
Balance at 1 November 2022 74,388 (1,284,914 ) 1,314,625

Changes in equity
Profit for the year - 159,038 -
Other comprehensive income - 118,000 -
Total comprehensive income - 277,038 -
Transfer - 37,978 -
Balance at 31 October 2023 74,388 (969,898 ) 1,314,625

Changes in equity
Deficit for the year - (375,548 ) -
Other comprehensive income - 110,000 -
Total comprehensive income - (265,548 ) -
Balance at 31 October 2024 74,388 (1,235,446 ) 1,314,625
Capital
Revaluation redemption Merger Total
reserve reserve reserve equity
£    £    £    £   
Balance at 1 November 2022 6,756,554 30,980 (29,220 ) 6,862,413

Changes in equity
Profit for the year - - - 159,038
Other comprehensive income - - - 118,000
Total comprehensive income - - - 277,038
Transfer (37,978 ) - - -
Balance at 31 October 2023 6,718,576 30,980 (29,220 ) 7,139,451

Changes in equity
Deficit for the year - - - (375,548 )
Other comprehensive income - - - 110,000
Total comprehensive income - - - (265,548 )
Balance at 31 October 2024 6,718,576 30,980 (29,220 ) 6,873,903

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Company Statement of Changes in Equity
FOR THE YEAR ENDED 31 OCTOBER 2024

Called up
share Retained Share
capital earnings premium
£    £    £   
Balance at 1 November 2022 74,388 (2,196,201 ) 1,314,625

Changes in equity
Deficit for the year - (189,998 ) -
Other comprehensive income - 118,000 -
Total comprehensive income - (71,998 ) -
Transfer - 117,978 -
Balance at 31 October 2023 74,388 (2,150,221 ) 1,314,625

Changes in equity
Deficit for the year - (474,198 ) -
Other comprehensive income - 110,000 -
Total comprehensive income - (364,198 ) -
Balance at 31 October 2024 74,388 (2,514,419 ) 1,314,625
Capital
Revaluation redemption Total
reserve reserve equity
£    £    £   
Balance at 1 November 2022 4,381,162 30,980 3,604,954

Changes in equity
Deficit for the year - - (189,998 )
Other comprehensive income - - 118,000
Total comprehensive income - - (71,998 )
Transfer (117,978 ) - -
Balance at 31 October 2023 4,263,184 30,980 3,532,956

Changes in equity
Deficit for the year - - (474,198 )
Other comprehensive income - - 110,000
Total comprehensive income - - (364,198 )
Balance at 31 October 2024 4,263,184 30,980 3,168,758

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024


1. COMPANY INFORMATION

The Bird Group of Companies 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 General Information page.

The company's principal activities and nature of its operations is property development, rentals and disposals.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
In order to assess whether it is appropriate for the Group is to be reported as a going concern, the directors have applied judgement, having undertaken appropriate enquiries and having considered the business activities and the Group's principal risks and uncertainties. The Group has a diversified property portfolio which limits risk to any one business sector. In arriving at this judgement there are a number of assumptions and estimates that are applied by the Group. These include, but not limited to, depreciation on tangible assets and recoverable value of debtors and stock respectively. These estimates, assumptions and judgements are also evaluated on a continual basis.

The Group is reliant on the provision of continuing financial support from its lenders and shareholders. Bank covenants are monitored quarterly by the directors who are satisfied the Group is well within the covenants presently applicable. Regarding income streams, no rent deduction or tenants were lost during the year; as such the directors are confident that projected income levels will be maintained. Planned capital disposals are in progress and the Group is well positioned to deal with any delays should they arise. The directors acknowledge that the latest position can change on a day to day basis and the potential long term impact is difficult to assess.

At the time of approving the financial statements, the directors have a reasonable expectation that the Group and the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Investment properties
Investment properties are measured at fair value annually with any change recognised in the profit and loss account.

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost represents buildings development and related professional costs in the development of the buildings, raw materials and finished goods. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss Account, 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.


THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period on a straight line basis where this is not materially different to the sum of the digits basis. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Defined benefit plans
The Group recognises a defined net benefit pension asset or liability in the balance sheet as the net total of the present value of its obligations and the fair value of plan assets out of which the obligations are to be settled. The defined benefit liability is measured on a discounted present value basis using a rate determined by reference to market yields at the reporting date on high quality corporate bonds. Defined benefit obligations and the related expenses are measured using the projected unit credit method. Plan surpluses are recognised as a defined benefit asset only to the extent that the surplus is recoverable either through reduced contributions in the future or through refunds from the plan.

Changes in the net defined benefit asset or liability arising from employee service are recognised in profit or loss as a current service cost where it relates to services in the current period and as a past service cost where it relates to services in prior periods. Costs relating to plan introductions, benefit changes, curtailments and settlements are recognised in profit or loss in the period in which they occur.

Net interest is determined by multiplying the net defined benefit liability by the discount rate, both as determined at the start of the reporting period, taking account of any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. Net interest is recognised in profit or loss.


THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Provisions
Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that the Group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Depreciation
Depreciation is provided on all tangible fixed assets, other than land and buildings and investment properties, so as to write off the cost or valuation of an asset, less its residual values, over its expected useful life as follows:

Plant and machinery - 10% to 33% straight line per annum
Fixtures and fittings - 10% to 33% straight line per annum
Motor vehicles - 10% to 33% straight line per annum

Revaluation of properties
Individual freehold properties, other than investment properties, are revalued to fair value every year with the surplus or deficit on book value being transferred to the revaluation reserve, except that a deficit which is in excess of any previously recognised surplus over depreciated cost relating to the same property, or the reversal of such a deficit, is charged (or credited) to the profit and loss account. On the disposal or recognition of a provision for impairment of a revalued fixed asset, any related balance remaining in the revaluation reserve is also transferred to the profit and loss account as a movement on reserves.

Impairment of fixed assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Bank borrowings
Interest-bearing bank loans and overdrafts are recorded at the proceeds received, net of direct issue costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the profit or loss account using the effect interest method and are added to the carrying amount of the instrument to the extent that they are not settled in the period in which they arise.

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. TURNOVER

The turnover and loss (2023 - profit) before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Horticultural sales 869,191 945,503
Rental income 1,552,354 1,360,331
Parking fee income 46,873 58,868
2,468,418 2,364,702

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 815,361 838,095
Social security costs 68,122 76,468
Other pension costs 48,041 53,458
931,524 968,021

The average number of employees during the year was as follows:
2024 2023

Directors 9 9
Administration 10 14
Labour 16 17
35 40

2024 2023
£    £   
Directors' remuneration 248,924 282,755
Directors' pension contributions to money purchase schemes 3,025 6,050

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1
Defined benefit schemes 3 3

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 60,000 71,071

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 605,369 533,028
Interest payable 7,482 26,169
Hire purchase 8,328 3,814
Net charge on pension scheme 145,000 132,000
766,179 695,011

6. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 October 2024 nor for the year ended 31 October 2023.

Tax effects relating to effects of other comprehensive income

2024
Gross Tax Net
£    £    £   
Actuarial gain/(loss) relating to the 110,000 - 110,000
pension scheme
110,000 - 110,000

2023
Gross Tax Net
£    £    £   
Actuarial gain/(loss) relating to the 118,000 - 118,000
pension scheme
118,000 - 118,000

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. TANGIBLE FIXED ASSETS

Group
Land and Investment Plant and
buildings property machinery
£    £    £   
COST
At 1 November 2023 757,178 16,864,117 216,433
Additions - - 4,995
Disposals - - -
At 31 October 2024 757,178 16,864,117 221,428
DEPRECIATION
At 1 November 2023 - - 210,126
Charge for year - - 8,221
Eliminated on disposal - - -
At 31 October 2024 - - 218,347
NET BOOK VALUE
At 31 October 2024 757,178 16,864,117 3,081
At 31 October 2023 757,178 16,864,117 6,307

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 109,997 252,762 16,221 18,216,708
Additions 3,236 64,985 - 73,216
Disposals - (94,731 ) - (94,731 )
At 31 October 2024 113,233 223,016 16,221 18,195,193
DEPRECIATION
At 1 November 2023 109,997 174,834 16,221 511,178
Charge for year 1,638 46,877 - 56,736
Eliminated on disposal - (94,731 ) - (94,731 )
At 31 October 2024 111,635 126,980 16,221 473,183
NET BOOK VALUE
At 31 October 2024 1,598 96,036 - 17,722,010
At 31 October 2023 - 77,928 - 17,705,530

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. TANGIBLE FIXED ASSETS - continued

Group

Land and buildings includes land of £8,571 (2023: £8,571).

The net book value of motor vehicles includes assets held under finance lease and hire purchase contracts amounting to £81,175 (2023: £75,431). The depreciation charge for the year on these assets was £44,246 (2023: £23,694).

The investment properties were valued at their open market value for existing use by Knight Frank Chartered Surveyors in April 2022. The directors have considered this value to be the value at the year end date which included considerations based on latest yields, occupancy rates and lease terms in place.

The land and buildings were valued at an open market value of £720,000 based on existing use in April 2022 by Knight Frank LLP, Chartered Surveyors. The directors consider the value shown as at 31 October 2024 to be in line with the current market value.

Comparable amounts determined according to the historical cost convention:


Investment
properties
Land &
buildings
Plant &
machinery
Fixtures &
fittings
Motor
vehicles
Computer
equipment

Total
£    £    £    £    £    £    £   
Cost 12,172,124 646,664 221,428 113,233 223,016 16,221 13,392,686
Accumulated
depreciation

-

(259,042

)

(218,347

)

(111,635

)

(126,980

)

(16,221

)

(732,225

)
At 31 October
2024

12,172,124

387,622

3,081

1,598

96,036

-

12,660,461
At 31 October
2023

12,172,124

387,622

6,307

-

77,928

-

12,643,981

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Investment Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 14,070,581 37,374 62,680 205,951 14,376,586
Additions - 4,995 3,236 64,985 73,216
Disposals - - - (94,731 ) (94,731 )
At 31 October 2024 14,070,581 42,369 65,916 176,205 14,355,071
DEPRECIATION
At 1 November 2023 - 37,374 62,680 144,650 244,704
Charge for year - 2,498 1,638 37,385 41,521
Eliminated on disposal - - - (94,731 ) (94,731 )
At 31 October 2024 - 39,872 64,318 87,304 191,494
NET BOOK VALUE
At 31 October 2024 14,070,581 2,497 1,598 88,901 14,163,577
At 31 October 2023 14,070,581 - - 61,301 14,131,882

The net book value of motor vehicles includes assets held under finance lease and hire purchase contracts amounting to £74,050 (2023: £58,806). The depreciation charge for the year on these was £34,746 (2023: £14,194).

The investment properties were valued at their open market value for existing use by Knight Frank LLP Chartered Surveyors in April 2022. The directors have considered this value to be the value at the year end date which included considerations based on latest yields, occupancy rates and lease terms in place.

Comparable amounts determined according to the historical cost convention:

Investment Plant & Fixtures &Motor
propertiesmachineryFittingsVehiclesTotal
£   £   £   £   £   
Cost9,807,39742,36965,916176,20510,091,887
Accumulated depreciation-(39,872)(64,318)(87,304)(191,494)
At 31 October 20249,807,3972,4971,59888,9019,900,393
At 31 October 20239,807,397--61,3019,868,698

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 695,063
PROVISIONS
At 1 November 2023
and 31 October 2024 665,837
NET BOOK VALUE
At 31 October 2024 29,226
At 31 October 2023 29,226

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Willowstone Garden Products Ltd
Registered office: The Hunting Lodge, Billesley Road, Upper Billesley, Stratford-Upon-Avon, CV37 9RA
Nature of business: Manufacture of horticultural products
%
Class of shares: holding
Ordinary 100.00
31.10.24 31.10.23
£    £   
Aggregate capital and reserves (71,748 ) (54,493 )
(Loss)/profit for the year (17,255 ) 9,811

Rosebird Developments Limited
Registered office: The Hunting Lodge, Billesley Road, Upper Billesley, Stratford-Upon-Avon, CV37 9RA
Nature of business: Property trading company
%
Class of shares: holding
Ordinary 100.00
31.10.24 31.10.23
£    £   
Aggregate capital and reserves 3,026,302 3,690,214
(Loss)/profit for the year (663,912 ) 339,225


THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


10. DEBTORS

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year:
Trade debtors 313,233 244,846 217,817 143,499
Amounts owed by group undertakings 1 - 21,752 271,440
Other debtors 8,000 8,000 - -
Prepayments 94,537 89,137 63,372 68,451
415,771 341,983 302,941 483,390

Amounts falling due after more than one year:
Trade debtors 343,067 604,666 343,067 604,666

Aggregate amounts 758,838 946,649 646,008 1,088,056

Amounts owed by group companies is unsecured, interest free and has no fixed repayment date.

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts 19,071 19,071 9,525 9,525
Hire purchase contracts 33,973 24,196 26,871 16,379
Trade creditors 53,180 50,496 6,120 13,249
Amounts owed to group undertakings 1 - - -
Social security and other taxes 20,353 31,311 12,240 25,498
VAT 56,725 181,065 39,976 137,889
Other creditors 1,793,536 2,293,985 1,793,536 2,293,985
Accruals and deferred income 702,041 683,256 276,201 280,484
2,678,880 3,283,380 2,164,469 2,777,009

Bank loans and overdrafts from the Group's bankers are secured by various fixed and floating charges on the Group's assets and by various guarantee, cross-guarantees and debentures given by group undertakings.

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans - 1-2 years 14,690 19,071 7,788 9,525
Bank loans - 2-5 years 7,837,445 7,853,189 7,070,000 7,078,320
Hire purchase contracts 32,209 34,000 32,209 26,898
7,884,344 7,906,260 7,109,997 7,114,743

13. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans 7,871,206 7,891,331 7,087,313 7,097,370

14. EMPLOYEE BENEFIT OBLIGATIONS

Defined contribution plans
The amount recognised in profit or loss as an expense in relation to defined contribution plans was £48,041 (2023: £53,458).

Defined benefit plans
The scheme is a defined benefit type scheme. The most recent actuarial valuation of the benefit scheme was 1 November 2022.

The Group paid £19,487 per month to the Plan for the period 1 November 2023 to 31 October 2024 in order to recover the deficit disclosed at the last actuarial valuation. Contributions of £19,487 per month, plus an additional individual payment of £100,000, are also expected in the period 1 November 2024 to 31 October 2025. These contributions will act to reduce the disclosed FRS 102 deficit each year.

The scheme ceased future service accrual with effect from 1 November 2010 so no further regular employer or member contributions are payable.

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


14. EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in profit or loss are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Current service cost - -
Net charge on pension scheme 145,000 132,000
Past service cost - -
145,000 132,000

Actual return on plan assets 423,000 (95,000 )

Changes in the present value of the defined benefit obligation are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Opening defined benefit obligation 6,082,000 6,507,000
Interest cost 331,000 298,000
Benefits paid (348,000 ) (344,000 )
Remeasurements:
Actuarial (gains)/losses from changes in
demographic assumptions

(113,000

)

7,000
Actuarial (gains)/losses from changes in
financial assumptions

266,000

(596,000

)
Oblig other remeasurement (26,000 ) 210,000
6,192,000 6,082,000

Changes in the fair value of scheme assets are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Opening fair value of scheme assets 3,375,000 3,601,000
Contributions by employer 234,000 212,587
Expected return 186,000 166,000
Actuarial gains/(losses) 237,000 (261,000 )
Benefits paid (348,000 ) (344,000 )
3,684,000 3,374,587

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


14. EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in other comprehensive income are as follows:

Defined benefit
pension plans
2024 2023
£    £   
Actuarial (gains)/losses from changes in
demographic assumptions

113,000

(7,000

)
Actuarial (gains)/losses from changes in
financial assumptions

(266,000

)

596,000
Oblig other remeasurement 26,000 (210,000 )
Actuarial gains/(losses) 237,000 (261,000 )
110,000 118,000

The major categories of scheme assets as a percentage of total scheme assets are as follows:

Defined benefit
pension plans
2024 2023
Cash 2.60% 1.20%
Diversified growth funds 89.80% 89.40%
Liability driven investments 7.60% 9.40%
100.00% 100.00%

Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):

2024 2023
Discount rate 5.20% 5.60%
RPI price inflation 3.40% 3.40%
CPI price inflation 2.80% 2.70%
Rate of increase in pensions in payment 3.30% 3.30%
Current pensioners at 65 - male 21.30% 21.90%
Current pensioners at 65 - female 23.80% 24.20%
Future pensioners at 65 - male 22.30% 22.80%
Future pensioners at 65 - female 24.90% 25.40%

15. RELATED PARTY TRANSACTIONS

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

THE BIRD GROUP OF COMPANIES LIMITED (REGISTERED NUMBER: 02559444)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


15. RELATED PARTY TRANSACTIONS - continued

At the year end, the Group owed £98,269 (2023: £398,269) to Bird Investments, a partnership between B F Bird and A P M Bird, in loans advanced to the Group. Both B F Bird and A P M Bird are directors of the Company.

Included within creditors is a loan of £1,695,536 (2023: £1,895,716) due to P E Beach, a related party and S A Baker, A R C Palmer and A P M Bird, directors of the Company respectively. This loan is unsecured, not subject to an interest charge and has no fixed repayment date.

16. ULTIMATE CONTROLLING PARTY

The Company is jointly owned by B F Bird and A P M Bird, who are considered to be the joint ultimate controlling parties.

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2024 2023
£    £   
74,388 Ordinary £1 74,388 74,388