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Registered number: 11711567
LUCKY BIRD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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LUCKY BIRD LIMITED
Company Information
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LUCKY BIRD LIMITED
Registered number: 11711567
Balance Sheet
As at 31 December 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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LUCKY BIRD LIMITED
Registered number: 11711567
Balance Sheet (continued)
As at 31 December 2024
The director considers 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 director acknowledges his 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 statement of income and retained earnings 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 on 26 September 2025.
The notes on pages 3 to 6 form part of these financial statements.
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LUCKY BIRD LIMITED
Notes to the Financial Statements
For the Year Ended 31 December 2024
Lucky Bird Limited ("the Company") is a private company limited by share capital, incorporated in the United Kingdom, and registered in England and Wales, with registration number 11711567. The registered office address is 3rd floor, 12 Gough Square, London, United Kingdom, EC4A 3DW.
2.Accounting policies
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Basis of preparation of financial statements
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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:
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Interest income is recognised in profit or loss using the effective interest method.
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LUCKY BIRD LIMITED
Notes to the Financial Statements
For the Year Ended 31 December 2024
2.Accounting policies (continued)
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.
Investments in joint ventures are held at cost less impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by deposits held with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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Investment in joint ventures
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LUCKY BIRD LIMITED
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Amounts owed by group undertakings
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Amounts owed by joint ventures
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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LUCKY BIRD LIMITED
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Allotted, called up and fully paid
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2,000,000 (2023 - 2,000,000) Ordinary shares of £1.00 each
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Allotted, called up and unpaid
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100 (2023 - 100) Ordinary shares of £1.00 each
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Related party transactions
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During the year, the director loaned the Company by way of a director loan current account £13,633 (2023: £7,413). The balance due to the director at the year end was £132,090 (2023: £118,457). The loan is interest free and repayable on demand.
The Director also provided a loan facility to the company for the purpose of financing an investment in a joint venture. During the period the company repaid £2,735,238 of the facility (2023: Nil). At the year end £13,209,355 (2023: £16,674,436) the difference in the movement is due to foreign exchange movements. The loan facility is interest free and repayable on demand.
A corresponding debtor of £13,209,355 (2023: £16,674,436) is outstanding at 31 December 2024, being the amount due from the joint venture under the terms of a loan facility provided to it from the company. During the period a resolution was passed to reduce the loan facility by £2,735,238 and the funds were received by Lucky Bird. The loaned amount is interest free and repayable on demand.
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