Bird & Sons Property Development Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06857533

Bird & Sons Property Development Ltd

Unaudited financial statements

31 March 2026

Bird & Sons Property Development Ltd

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,502		301,944

Current assets

Debtors	6	561,844	593,799
Cash at bank and in hand		2,109	165
		---------	---------
		563,953	593,964

Creditors: Amounts falling due within one year	7	( 196,013)		( 481,304)
		---------		---------
Net current assets			367,940		112,660
			---------		---------
Total assets less current liabilities			369,442		414,604

Provisions

Taxation including deferred tax	( 376)	–
	---------	---------
Net assets	369,066	414,604
	---------	---------

Capital and reserves

Called up share capital	2	2
Investment property valuation reserve	–	95,074
Profit and loss account	369,064	319,528
	---------	---------
Shareholders funds	369,066	414,604
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bird & Sons Property Development Ltd

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

C A Bird
Director

Company registration number: 06857533

Bird & Sons Property Development Ltd

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Choats Farm, Panfield Road, Braintree, Essex, CM7 5BJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at transaction price where there are no stated interest or repayment terms, otherwise they are measured at amortised cost. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. Employee numbers

The average number of employees during the year was 1 (2025: 1 ).

5. Tangible assets

	Investment property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2025	295,000	66,843	4,350	366,193
Disposals	( 295,000)	( 45,086)	( 4,350)	( 344,436)
	---------	-------	------	---------
At 31 March 2026	–	21,757	–	21,757
	---------	-------	------	---------
Depreciation
At 1 April 2025	–	60,062	4,187	64,249
Charge for the year	–	501	–	501
Disposals	–	( 40,308)	( 4,187)	( 44,495)
	---------	-------	------	---------
At 31 March 2026	–	20,255	–	20,255
	---------	-------	------	---------
Carrying amount
At 31 March 2026	–	1,502	–	1,502
	---------	-------	------	---------
At 31 March 2025	295,000	6,781	163	301,944
	---------	-------	------	---------

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 31 March 2026
Aggregate cost	–
Aggregate depreciation	–
	----
Carrying value	–
	----

At 31 March 2025
Aggregate cost	180,000
Aggregate depreciation	–
	---------
Carrying value	180,000
	---------

6. Debtors

	2026	2025
	£	£
Deferred tax asset	–	19,926
Prepayments and accrued income	–	171,136
Other debtors	561,844	402,737
	---------	---------
	561,844	593,799
	---------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	430	–
Other creditors	195,583	481,304
	---------	---------
	196,013	481,304
	---------	---------

At the reporting date, the company had an outstanding balance of £193,223 due to a connected company. The balance is interest-free, unsecured, and repayable on demand.