Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 2026-05-14 2026-05-14 false 2024-10-01 false The principal activity of the company is the operation of restaurants being Bluebird Chelsea, London and Bluebird Café White City, London. Bluebird Café White City ceased trading December 23.94 108 false true 02971804 2024-10-01 2025-12-31 02971804 2023-10-01 2024-09-30 02971804 2025-12-31 02971804 2024-09-30 02971804 c:Director4 2024-10-01 2025-12-31 02971804 d:Buildings d:LongLeaseholdAssets 2024-10-01 2025-12-31 02971804 d:Buildings d:LongLeaseholdAssets 2025-12-31 02971804 d:Buildings d:LongLeaseholdAssets 2024-09-30 02971804 d:PlantMachinery 2024-10-01 2025-12-31 02971804 d:PlantMachinery 2025-12-31 02971804 d:PlantMachinery 2024-09-30 02971804 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-10-01 2025-12-31 02971804 d:FurnitureFittings 2024-10-01 2025-12-31 02971804 d:FurnitureFittings 2025-12-31 02971804 d:FurnitureFittings 2024-09-30 02971804 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-10-01 2025-12-31 02971804 d:ComputerEquipment 2024-10-01 2025-12-31 02971804 d:OwnedOrFreeholdAssets 2024-10-01 2025-12-31 02971804 d:CurrentFinancialInstruments 2025-12-31 02971804 d:CurrentFinancialInstruments 2024-09-30 02971804 d:Non-currentFinancialInstruments 2025-12-31 02971804 d:Non-currentFinancialInstruments 2024-09-30 02971804 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 02971804 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02971804 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 02971804 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 02971804 d:ShareCapital 2025-12-31 02971804 d:ShareCapital 2024-09-30 02971804 d:OtherMiscellaneousReserve 2025-12-31 02971804 d:OtherMiscellaneousReserve 2024-09-30 02971804 d:RetainedEarningsAccumulatedLosses 2024-10-01 2025-12-31 02971804 d:RetainedEarningsAccumulatedLosses 2025-12-31 02971804 d:RetainedEarningsAccumulatedLosses 2024-09-30 02971804 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 02971804 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 02971804 d:TaxLossesCarry-forwardsDeferredTax 2025-12-31 02971804 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 02971804 c:FRS102 2024-10-01 2025-12-31 02971804 c:Audited 2024-10-01 2025-12-31 02971804 c:FullAccounts 2024-10-01 2025-12-31 02971804 c:PrivateLimitedCompanyLtd 2024-10-01 2025-12-31 02971804 d:WithinOneYear 2025-12-31 02971804 d:WithinOneYear 2024-09-30 02971804 d:BetweenOneFiveYears 2025-12-31 02971804 d:BetweenOneFiveYears 2024-09-30 02971804 d:MoreThanFiveYears 2025-12-31 02971804 d:MoreThanFiveYears 2024-09-30 02971804 c:SmallCompaniesRegimeForAccounts 2024-10-01 2025-12-31 02971804 4 2024-10-01 2025-12-31 02971804 e:PoundSterling 2024-10-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 02971804 THE BLUEBIRD STORE LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 DECEMBER 2025
THE BLUEBIRD STORE LIMITED REGISTERED NUMBER: 02971804 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 31 December |  | 30 September
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,210,111 |  | 2,467,692
|  |  | 2,210,111 |  | 2,467,692
Current assets |  |  |  |  |
Stocks | 5 | 241,100 |  | 195,724 |
Debtors: amounts falling due within one year | 6 | 213,855 |  | 1,186,376 |
Cash at bank and in hand | 7 | 25,838 |  | 28,074 |
|  | 480,793 |  | 1,410,174 |
Creditors: amounts falling due within one year | 8 | (3,669,245) |  | (4,062,551) |
Net current liabilities |  |  | (3,188,452) |  | (2,652,377)
Total assets less current liabilities |  |  | (978,341) |  | (184,685)
Creditors: amounts falling due after more than one year | 9 |  | (969,088) |  | (1,268,974)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | - |  | (82,869) |
|  |  | - |  | (82,869)
Net liabilities |  |  | (1,947,429) |  | (1,536,528)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 3,270,000 |  | 3,270,000
Other reserves | 11 |  | 4,360,056 |  | 4,360,056
Profit and loss account | 11 |  | (9,577,485) |  | (9,166,584)
|  |  | (1,947,429) |  | (1,536,528)
Page 1
THE BLUEBIRD STORE LIMITED REGISTERED NUMBER: 02971804 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 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:
C M Salmon
Director
Date: 14 May 2026
The notes on pages 3 to 12 form part of these financial statements. Page 2
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
1. | General information
The company is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is 16 Kirby Street, London, EC1N 8TS. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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. Amendments to FRS 102 The FRC issued Amendments to FRS 102 The Financial Reporting Standard applicable in the UK in March 2024. The amendments focused on updating accounting requirements to reflect changes in International Financial Reporting Standards, particularly with respect to revenue and leases. Whilst the amendments are not applicable in the current year, they will result in significant changes for the accounting period commencing 1 January 2026. The primary change for the company is in the treatment of leases which are currently classified as operating leases. Right-of-use assets and lease liabilities (net of discounting) will be added to the balance sheet for leases previously classified as operating leases. The impact on the profit and loss account and related disclosures will be to replace rental expense with depreciation on right-of-use assets and include interest payable on unwinding of lease liabilities. The financial impact of adjustments required as a result of the change in FRS 102 has not yet been determined.
| 2.2 | Going concern
The company is party to funding arrangements covering various entities within the Bresand Leisure Limited (the "Group"). The company has provided a cross-guarantee to this banking group and so is bound by the covenant requirements of the banking group as a whole. In assessing the going concern basis of preparation of the financial statements for the 15 month period ended 31 December 2025, the directors have taken into consideration detailed cash flow forecasts for the business and the forecast compliance with bank covenants covering a period of at least 12 months from the date these financial statements were authorised for issue. The forecasts indicate that the group has sufficient liquidity to realise its assets and meet its liabilities as they fall due for a period of at least 12 months from the date these financial statements were authorised for issue. The banking covenant (based on minimum liquidity) will be met for that period. The current trading performance of the group provides comfort to the directors in their forecasts. Page 3
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.2 | Going concern (continued)
As part of the assessment of the going concern principal, management have considered the risks to the liquidity of the group. Even in severe but plausible downside scenarios the group has means available to it to manage its cashflows, such that it has sufficient liquidity to meet its covenants, realise its assets and meet its liabilities as they fall due. In only the most extreme case involving a prolonged reduction in sales, which it does not regard as reasonably likely based on the recent performance of the group, would the group require additional liquidity. Should this need arise the business has the ability within the current facility agreement to provide additional liquidity necessary, such that the covenants remain achieved. Based on discussions the Board have had with shareholders and investors of the group, they are confident any short-term funding required would be made available, however is not currently needed. Based on the forecasts prepared and the scenarios modelled in the directors view the risk of default of bank facilities, and therefore inability to meet liabilities as they fall due, is not considered a reasonably likely one and so the level of uncertainty is not considered material. Given the above and the current trading performance of the group, the directors are satisfied preparing the financial statements on a going concern basis is appropriate. The Company is dependent on the continuing provision of the financial support that it has received from its parent undertaking, CGL Restaurant Holdings Limited. The parent has committed to provide continuing support for at least the next 12 months from the date of the authorisation for issuance of these financial statements, through the provision of a formal support letter signed by deed. The directors of both the company and parent undertaking have a reasonable expectation that the Company and the parent undertaking will have access to adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
| 2.3 | Revenue
Revenue represents sales to outside customers at invoiced amounts excluding discretionary service charge and Value Added Tax. Revenue is recognised when the significant risks and benefits of ownership of the products have transferred to the buyer. This will occur through the provision of restaurant services and sale of goods, and will be upon the completion of a sale to customers.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. Page 4
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Pensions
The Company does not operate its own pension scheme. The Company makes contributions to certain senior employees' personal pension schemes, which are charged to the profit and loss accounts as they fall due. The Group operates a defined contribution scheme. The assets of the plan attributable to individuals participating in the plan are independently administered and managed by a third party. The amounts charged against profit represent the contributions payable to the scheme in respect of the accounting period.
| 2.6 | Current and deferred taxation
The tax expense for the period 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 is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.8 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Page 5
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Leasehold improvements | - | Over the shorter of the lease period and 25 years, having consideration to provisions contained in the lease for future potential lease renewals
|  |  |  | Plant and machinery | - | Over 4 years
|  |  |  | Fixtures, fittings, and equipment | - | Over 10 years
|  |  |  | Computer equipment | - | Over 4 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Fixed assets are measured at each reporting date to determine whether there is any indication that the assets are impaired.
| 2.10 | Stocks
Stocks consist of raw materials and consumables, crockery and linen. 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. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the impairment loss is recognised immediately in profit or loss.
| 2.11 | 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 6
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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. Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 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. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. Page 7
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.14 | Financial instruments (continued)
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| A member of the Group, D&D Management Limited, is the employer for all group companies. The entity is recharged for employees working for the entity. On this basis, the average monthly number of employees, including directors was 97 (2024: 108).
Page 8
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Leasehold improvements | Plant and machinery | Fixtures, fittings, and equipment | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 October 2024 | 5,365,585 | 892,643 | 1,911,722 | 8,169,950
| Additions | - | 85,491 | 195,824 | 281,315
| At 31 December 2025 | 5,365,585 | 978,134 | 2,107,546 | 8,451,265
| Depreciation |  |  |  |
| At 1 October 2024 | 3,877,368 | 591,840 | 1,233,050 | 5,702,258
| Charge for the period on owned assets | 102,105 | 161,343 | 275,448 | 538,896
| At 31 December 2025 | 3,979,473 | 753,183 | 1,508,498 | 6,241,154
| Net book value |  |  |  |
| At 31 December 2025 | 1,386,112 | 224,951 | 599,048 | 2,210,111
| At 30 September 2024 | 1,488,217 | 300,803 | 678,672 | 2,467,692
5. | Stocks
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 84,702 | 39,326
| Crockery and linen | 156,398 | 156,398
|  | 241,100 | 195,724
Page 9
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
6. | Debtors
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 43,937 | 136,217
| Other debtors | 10,750 | 266,647
| Prepayments and accrued income | 159,168 | 783,512
|  | 213,855 | 1,186,376
7. | Cash and cash equivalents
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 25,838 | 28,074
| Less: bank overdrafts | (62) | (62)
|  | 25,776 | 28,012
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 62 | 62
| Trade creditors | 175,873 | 469,940
| Amounts owed to group undertakings | 1,961,025 | 2,562,965
| Other taxation and social security | 288,452 | 52,227
| Other creditors | 691,119 | 498,261
| Accruals and deferred income | 552,714 | 479,096
|  | 3,669,245 | 4,062,551
Page 10
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 969,088 | 1,268,974
| Other creditors relate to landlord capital contributions which are being amortised over the life of the lease.
10. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (82,869)
| Charged to profit or loss | 82,869
| At end of year | -
| The deferred taxation balance is made up as follows:
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed asset timing differences | - | (145,130)
| Tax losses carried forward | - | 62,261
|  | - | (82,869)
| Group relief is available at nil cost to offset tax liabilities arising within the Company.
11. | Reserves
Profit and loss account The profit and loss account comprise the balance of profits accumulated over the life of the company. Page 11
THE BLUEBIRD STORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025
12. | Contingent liabilities
The company, together with its fellow subsidiaries, were party to an intercompany guarantee dated 17 October 2023 in favour of Santander UK PLC (as security agent for HSBC Bank PLC and Santander UK PLC). Given as security for debt facilities provided to the parent undertaking and its subsidiaries. The facility agreement has a term of 5 years, bearing interest of 8% and 18%. As at the balance sheet date, the net amount due under these facilities was £51,691,000 (2024: £49,178,000).
13. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ |
| Not later than 1 year | 1,800,000 | 1,800,000
| Later than 1 year and not later than 5 years | 7,200,000 | 7,200,000
| Later than 5 years | 2,219,178 | 4,477,808
|  | 11,219,178 | 13,477,808
14. | Parent and Group undertaking
The immediate parent company was CGL Restaurant Holdings Limited, a Company incorporated in England. The ultimate parent company during the year was Bresand Leisure Limited, a company incorporated in England. The group for which consolidated financial statements are prepared which include the results of this company is that headed by Bresand Leisure Limited. Copies of the financial statements for Bresand Leisure Limited can be obtained from its registered office at 14th Floor, 33 Cavendish Square, London, W1G 0PW.
15. | Auditors' information
The auditors' report on the financial statements for the period ended 31 December 2025 was unqualified. The audit report was signed on 14 May 2026 by Andrew G. Hill (Senior Statutory Auditor) on behalf of Sumer Auditco Limited.
Page 12