REGISTERED NUMBER: 13628745 (England and Wales)

Bluebird Group Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Dr B Tezcan

Mr K Tezcan

Mr E Tezcan

SECRETARY:

REGISTERED OFFICE:

2 Grosvenor Gardens

London

SW1W 0DH

REGISTERED NUMBER:

13628745 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bluebird Group Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 Board of Directors of Bluebird Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bluebird Group Limited and state those matters that we have agreed to state to the Board of Directors of Bluebird Group Limited, as a body, 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 Bluebird Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bluebird Group 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 Bluebird Group Limited. You consider that Bluebird Group 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 Bluebird Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

8 October 2025

FIXED ASSETS

Property, plant and equipment

4

424,802

2,964

Investments

5

172

136

Investment property

6

9,650,000

4,794,214

10,074,974

4,797,314

CURRENT ASSETS

Debtors

7

31,715

11,082

Cash at bank and in hand

458,437

977,793

490,152

988,875

CREDITORS

Amounts falling due within one year

8

3,033,350

2,107,663

NET CURRENT LIABILITIES

(2,543,198

)

(1,118,788

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,531,776

3,678,526

CREDITORS

Amounts falling due after more than one year

9

(3,995,422

)

(4,179,631

)

PROVISIONS FOR LIABILITIES

10

(1,136,484

)

-

NET ASSETS/(LIABILITIES)

2,399,870

(501,105

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

3,090,850

-

Retained earnings

12

(691,080

)

(501,205

)

SHAREHOLDERS' FUNDS

2,399,870

(501,105

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

Dr B Tezcan - Director

1.	STATUTORY INFORMATION

Bluebird Group 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary activities of the business and is recognised when the rents are due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

3,705

Additions

528,038

At 31 March 2025

531,743

DEPRECIATION

At 1 April 2024

741

Charge for year

106,200

At 31 March 2025

106,941

NET BOOK VALUE

At 31 March 2025

424,802

At 31 March 2024

2,964

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

136

Revaluations

36

At 31 March 2025

172

NET BOOK VALUE

At 31 March 2025

172

At 31 March 2024

136

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2022

(129,905

)

Valuation in 2023

(87,361

)

Valuation in 2024

217,266

Valuation in 2025

36

Cost

136

172

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

172

139

Fixed asset investments were valued on an open market basis on 31 March 2025 by Interactive Brokers .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,794,214

Additions

645,839

Revaluations

4,209,947

At 31 March 2025

9,650,000

NET BOOK VALUE

At 31 March 2025

9,650,000

At 31 March 2024

4,794,214

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

4,209,947

Cost

5,440,053

9,650,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

5,440,053

4,794,214

The investment property was valued on a fair value basis on 31 March 2025 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

31,715

-

Other debtors

-

11,082

31,715

11,082

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

150,468

139,279

Trade creditors

-

13

Amounts owed to group undertakings

2,452,220

1,665,490

Other creditors

430,662

302,881

3,033,350

2,107,663

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,995,422

4,179,631

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,396,333

3,622,514

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,136,484

-

Deferred

tax

£

Charge to Income Statement during year

1,136,484

Balance at 31 March 2025

1,136,484

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

(501,205

)

-

(501,205

)

Profit for the year

2,900,975

2,900,975

Fair value reserve

(3,090,850

)

3,090,850

-

At 31 March 2025

(691,080

)

3,090,850

2,399,770

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Dr B Tezcan

Balance outstanding at start of year

-

472,960

Amounts repaid

-

(472,960

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

14.	RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to key management personnel at balance sheet date of £381,587 (2024: £271,040). No interest is charged on this balance and it is repayable on demand.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Grosvenor Gardens Holdings Ltd.

The ultimate controlling party is Dr B Tezcan.