ACCOUNTS - Final Accounts preparation

Company registration number: 12358461

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	BIRD IN HAND (EUROPE) LIMITED


BIRD IN HAND (EUROPE) LIMITED

COMPANY INFORMATION

Director	A J Nugent


Registered number	12358461


Registered office	4th Floor 95 Gresham Street
	London
	EC2V 7AB


Accountants	Menzies LLP
	Chartered Accountants
	95 Gresham Street
	London
	EC2V 7AB


BIRD IN HAND (EUROPE) LIMITED REGISTERED NUMBER:12358461

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Stocks		38,158		-
Debtors: amounts falling due within one year	4	412,525		637,081
Cash at bank and in hand		21,674		56,024
		472,357		693,105
Creditors: amounts falling due within one year	5	(24,512)		(1,100,591)
Net current assets/(liabilities)			447,845		(407,486)
Total assets less current liabilities			447,845		(407,486)

Net assets/(liabilities)			447,845		(407,486)

Capital and reserves
Called up share capital	100	100
Profit and loss account	447,745	(407,586)
	447,845	(407,486)

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BIRD IN HAND (EUROPE) LIMITED REGISTERED NUMBER:12358461

STATEMENT OF FINANCIAL POSITION (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 by:

A J Nugent

Director

Date: 30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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BIRD IN HAND (EUROPE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Bird in Hand (Europe) Limited is a private company, limited by shares, registered in England & Wales, company registration number 12358461. The registered office is 4th Floor 95 Gresham Street, London, United Kingdom, EC2V 7AB.

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

As at the year end the company has net assets of £447,845 (net liabilities 2023: £407,486). The director has stated that due to the support of the group in which the company is indirectly linked to, the company will be able to meet its creditors as they fall due. Therefore, it is the director’s opinion that the going concern basis of preparation continues to be appropriate.

2.3

Foreign currency translation

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 borrowings and 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'.

2.4

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 generated through sale of wine, beer, spirits and other alcoholic beverages and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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BIRD IN HAND (EUROPE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

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.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Debtors

					2024	2023
					£	£


Trade debtors	387,660	592,640
Amounts owed by group undertakings	-	12,033
Other debtors	24,865	32,408
	412,525	637,081

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BIRD IN HAND (EUROPE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	12,467	22,785
Amounts owed to group undertakings	-	1,061,165
Other taxation and social security	5,745	10,201
Other creditors	1,800	1,800
Accruals and deferred income	4,500	4,640
	24,512	1,100,591

6.	Related party transactions
	Within amounts owed to group undertakings, there is an amount owed to a related party of £Nil (2023: £1,061,165). The amount was repayable on demand and interest free.

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