REGISTERED NUMBER: 01568270 (England and Wales)

Financial Statements

for the Year Ended 30 June 2025

for

Birdquest Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M A S Beaman

Ms I Vandyke

SECRETARY:

Mr M A S Beaman

REGISTERED OFFICE:

Two Jays

Kemple End

Birdy Brow

Stonyhurst

LANCASHIRE

BB7 9QY

REGISTERED NUMBER:

01568270 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ian Sluckis BA FCA

AUDITORS:

Freedman Frankl & Taylor

Statutory Auditors

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

FIXED ASSETS

Tangible assets

4

33,988

30,724

CURRENT ASSETS

Debtors

5

379,376

357,292

Cash at bank and in hand

2,472,430

1,918,658

2,851,806

2,275,950

CREDITORS

Amounts falling due within one year

6

(1,431,809

)

(1,253,190

)

NET CURRENT ASSETS

1,419,997

1,022,760

TOTAL ASSETS LESS CURRENT LIABILITIES

1,453,985

1,053,484

CREDITORS

Amounts falling due after more than one year

7

(241,654

)

(150,428

)

PROVISIONS FOR LIABILITIES

(8,316

)

(7,460

)

NET ASSETS

1,204,015

895,596

CAPITAL AND RESERVES

Called up share capital

8

30,000

30,000

Retained earnings

1,174,015

865,596

SHAREHOLDERS' FUNDS

1,204,015

895,596

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

Mr M A S Beaman - Director

1.	STATUTORY INFORMATION

Birdquest 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.

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.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Key sources of estimation uncertainty

The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below.

Assessing indicators of impairment

In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions and experience of recoverability.

Tangible fixed assets

Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Accruals and deferred income

The company provides accruals for leader fees which have not yet been invoiced to the company. These judgements are made by the directors based on timing of the tours and afterdate invoices.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, and represents amounts receivable for the sale of package holidays and other services supplied to customers in the ordinary course of business, net of VAT and loyalty discounts. Revenue is recognised at the point at which departure takes place as this is when the risks and rewards transfer, revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Deferred revenue and related expenditure

Once a payment has been received from a customer the value of the booking is recorded in deferred income and included as part of creditors. Costs incurred prior to the year end in respect of those services are also deferred until the date of customer departure and where paid are recognised within debtors.

Finance income and expense

Interest income and expense is recognised using the effective interest rate method.

Tangible fixed assets

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

Office extension & alterations

-

10% on cost

Computer equipment

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company's financial statements for the year ended 30 June 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Office

Fixtures

extension

Computer

and

& alterations

equipment

fittings

Totals

£

£

£

£

COST

At 1 July 2024

18,906

116,291

177,562

312,759

Additions

-

17,701

2,785

20,486

At 30 June 2025

18,906

133,992

180,347

333,245

DEPRECIATION

At 1 July 2024

18,906

87,972

175,157

282,035

Charge for year

-

16,722

500

17,222

At 30 June 2025

18,906

104,694

175,657

299,257

NET BOOK VALUE

At 30 June 2025

-

29,298

4,690

33,988

At 30 June 2024

-

28,319

2,405

30,724

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

379,376

357,292

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

101,709

15,975

Accruals and deferred income

1,330,100

1,237,215

1,431,809

1,253,190

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Accruals and deferred income

241,654

150,428

Included in accruals and deferred income is £1,531,185 (2024: £1,363,143) representing deposits received for tours commencing after the year end which are not refundable unless the tour is cancelled through unforeseeable circumstances or due to insufficient bookings.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

30,000

Ordinary

£1

30,000

30,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Sluckis BA FCA (Senior Statutory Auditor)

for and on behalf of Freedman Frankl & Taylor