Company Registration No. SC244105 (Scotland)
Firebird Capital Ltd
Unaudited accounts
for the year ended 31 December 2024
Firebird Capital Ltd
Unaudited accounts
Contents
Firebird Capital Ltd
Company Information
for the year ended 31 December 2024
Directors
JD Moodie
KM Moodie
PA Moodie
Company Number
SC244105 (Scotland)
Registered Office
3 Ardgowan Square
Greenock
PA16 8NW
Scotland
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Firebird Capital Ltd
Statement of financial position
as at 31 December 2024
Debtors
15,862,728
16,034,566
Investments
2,789,922
195,582
Cash at bank and in hand
11,731,635
16,185,605
Creditors: amounts falling due within one year
(224,560)
(290,508)
Net current assets
30,159,725
32,125,245
Net assets
30,159,727
32,125,245
Called up share capital
251,605
371,972
Share premium
20,562
20,562
Capital redemption reserve
197,053
76,686
Profit and loss account
29,690,507
31,656,025
Shareholders' funds
30,159,727
32,125,245
For the year ending 31 December 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 17 September 2025 and were signed on its behalf by
JD Moodie
Director
Company Registration No. SC244105
Firebird Capital Ltd
Notes to the Accounts
for the year ended 31 December 2024
Firebird Capital Ltd is a private company, limited by shares, registered in Scotland, registration number SC244105. The registered office is 3 Ardgowan Square, Greenock, PA16 8NW, Scotland.
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 accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Interest income is recognised in profit or loss using the effective interest method.
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 tax charge is calculated on the basis of tax rates and laws that have been enacted by the balance sheet date in the countries where the company operates and generates income.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and third parties, loans to related parties and investments in ordinary shares.
4
Investments
Subsidiary undertakings
Valuation at 1 January 2024
-
Valuation at 31 December 2024
2
Firebird Capital Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
113,201
216,156
Amounts falling due after more than one year
Other debtors
15,749,527
15,818,410
6
Investments held as current assets
2024
2023
Listed investments
2,789,922
195,582
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
24,000
Taxes and social security
149,162
233,391
8
Transactions with related parties
At the year end, M2M Assets Limited, a commonly controlled company, owed an amount of £5,701,733 (2023: £8,306,764). During the year this loan generated interest income of £261,702 (2023: £347,747).
Debtors due after one year includes £3,257,090 (2023: £3,211,800) owed from JDM Holdings Limited, a company controlled by J D Moodie, a director and close relative of P A Moodie. During the year this loan generated interest income of £127,090 (2023: £131,364).
The company is controlled by P A Moodie and related family trusts.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).