| Sunbird Property Ltd |
| Registered number: |
13488365 |
| Statement of financial position |
| as at 31 July 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
222 |
|
|
444 |
| Investments |
4 |
|
|
608,086 |
|
|
608,086 |
|
|
|
|
608,308 |
|
|
608,530 |
|
| Current assets |
| Debtors |
5 |
|
788 |
|
|
1,575 |
| Cash at bank and in hand |
|
|
13,088 |
|
|
3,446 |
|
|
|
13,876 |
|
|
5,021 |
|
| Creditors: amounts falling due within one year |
6 |
|
(334,922) |
|
|
(335,175) |
|
| Net current liabilities |
|
|
|
(321,046) |
|
|
(330,154) |
|
| Total assets less current liabilities |
|
|
|
287,262 |
|
|
278,376 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(318,938) |
|
|
(318,938) |
|
|
|
| Net liabilities |
|
|
|
(31,676) |
|
|
(40,562) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(31,776) |
|
|
(40,662) |
|
| Shareholders' funds |
|
|
|
(31,676) |
|
|
(40,562) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Rajinder Kumar Saini |
| Director |
| Approved by the board on 15 April 2026 |
|
| Sunbird Property Ltd |
| Notes to the financial statements |
| for the year ended 31 July 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents property rental income receivable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 4 years |
|
|
Investments |
|
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors relate to finance costs charged to the company but not released to the profit and loss account. Finance costs are released to the profit and loss account over the term of the mortgage. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 August 2024 |
889 |
|
At 31 July 2025 |
889 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2024 |
445 |
|
Charge for the year |
222 |
|
At 31 July 2025 |
667 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2025 |
222 |
|
At 31 July 2024 |
444 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 August 2024 |
608,086 |
|
|
At 31 July 2025 |
608,086 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 August 2024 |
575,229 |
|
At 31 July 2025 |
575,229 |
|
|
|
|
|
|
|
|
|
|
Investments relate to the fair value of the residential investment property held during the year. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
788 |
|
1,575 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
334,922 |
|
335,175 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
318,938 |
|
318,938 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
318,938 |
|
318,938 |
|
|
|
|
|
|
|
|
|
|
Secured bank borrowing relates to an interest only mortgage with a loan start date of 18th January 2022 and a loan term of 10 years and 10 months. The interest rate is fixed at 3.14% per annum for 5 years, after which the interest rate will revert to the bank's standard variable rate. |
|
| 9 |
Related party transactions |
|
|
Included in Other creditors (falling due within one year) are director loans of £333,933 (2024 £333,933). These loans are interest free and repayable on demand. |
|
| 10 |
Controlling party |
|
|
The company is controlled by Mr R. and Mrs P. Saini. |
|
| 11 |
Other information |
|
|
Sunbird Property Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
75 Westow Hill |
|
Crystal Palace |
|
London |
|
SE19 1TX |