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Registered number: 11002214 BLUEBIRD ASSETS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 5 APRIL 2025
BLUEBIRD ASSETS LTD REGISTERED NUMBER: 11002214 BALANCE SHEET AS AT 5 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 6,268,818 |  | 6,190,898
|  |  | 6,268,818 |  | 6,190,898
Current assets |  |  |  |  |
Debtors | 5 | - |  | 5,094 |
Cash at bank and in hand | 6 | 106,586 |  | 125,175 |
|  | 106,586 |  | 130,269 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 7 | (14,610) |  | (2,700) |
Net current assets |  |  | 91,976 |  | 127,569
Total assets less current liabilities |  |  | 6,360,794 |  | 6,318,467
Creditors: amounts falling due after more than one year | 8 |  | (4,750,000) |  | (4,880,000)
Provisions for liabilities | 9 |  | (333,194) |  | (302,588)
Net assets |  |  | 1,277,600 |  | 1,135,879
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 1 |  | 1
Revaluation reserve |  |  | 938,096 |  | 943,435
Profit and loss account |  |  | 339,503 |  | 192,443
|  |  | 1,277,600 |  | 1,135,879
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BLUEBIRD ASSETS LTD REGISTERED NUMBER: 11002214 BALANCE SHEET (CONTINUED) AS AT 5 APRIL 2025 The directors consider 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 directors acknowledge their 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 comprehensive income 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:
P A Moodie
Director
Date: 28 November 2025
The notes on pages 3 to 6 form part of these financial statements. Page 2
BLUEBIRD ASSETS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. | General information
Bluebird Assets Ltd is a private Company, limited by share capital and incorporated in England and Wales. The Company's registered office address is Barn Cottage, Church Lane, Brook, Godalming, GU8 5UQ. 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 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.3 | Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.4 | Debtors
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. Page 3
BLUEBIRD ASSETS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 2.Accounting policies (continued)
| 2.5 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.6 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.7 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.8 | 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. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
| 2.9 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 4).
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BLUEBIRD ASSETS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
4. | Fixed asset investments
|  | Listed investments
|  | £
| Cost or valuation |
| At 6 April 2024 | 6,190,898
| Additions | 692,413
| Disposals | (630,943)
| Revaluations | 16,450
| At 5 April 2025 | 6,268,818
| The market value of the listed investments at 5 April 2025 was £6,268,818 (2024: £6,190,898). On a historic cost basis the listed investments would be included at a cost of £4,997,094 (2024: £4,936,041).
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | - | 724
| Prepayments and accrued income | - | 4,370
|  | - | 5,094
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 106,586 | 125,175
|  | 106,586 | 125,175
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 11,775 | -
| Accruals and deferred income | 2,835 | 2,700
|  | 14,610 | 2,700
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BLUEBIRD ASSETS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loans | 4,750,000 | 4,880,000
|  | 4,750,000 | 4,880,000
9. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (302,588) | (149,421)
| Charged to profit or loss | (30,606) | (153,167)
| At end of year | (333,194) | (302,588)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Tax losses carried forward | - | 8,835
| Capital gains | (333,194) | (311,423)
|  | (333,194) | (302,588)
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary share of £1.00 | 1 | 1
11. | Related party transactions
| Included in long term creditors is an interest-free loan with a year-end balance of £4,750,000 (2024: £4,880,000) from The Sandy Moodie Trust, the trustees are also directors of the Company.
12. | Controlling party
The Company is controlled by The Sandy Moodie Trust.
Page 6