Registration number:
Baby Bird (UK) Limited
for the Year Ended 30 September 2018
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Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
Company Information
Directors |
Mrs Stella Minasian-Chadwick Mr Phillip Chadwick |
Company secretary |
Mr Phillip Chadwick |
Registered office |
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Accountants |
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Directors' Report for the Year Ended 30 September 2018
The directors present their report and the financial statements for the year ended 30 September 2018.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Directors of the company
The directors who held office during the year were as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Company secretary and director
(Registration number: 03848964)
Balance Sheet as at 30 September 2018
2018 |
2017 |
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Fixed assets |
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Current assets |
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Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
Accruals and deferred income |
( |
( |
( |
( |
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Capital and reserves |
( |
( |
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Financial commitments, guarantees and contingencies |
Amounts disclosed in the balance sheet
Included in the balance sheet are financial commitments of £1,041,222 (2017 - £1,041,222). The Company has five charges lodged at Companies House in favour of Paragon Mortgages Limited with fixed charges over five of the Company's properties to guarantee the outstanding loan commitments.
Included in the balance sheet are guarantees of £678,779 (2017 - £698,391). The Company has two charges lodged at Companies House in favour of Atom Bank PLC as both fixed and floating charges over the assets of the Company to guarantee the outstanding loan commitments.
(Registration number: 03848964)
Balance Sheet as at 30 September 2018
Freehold Investment Properties
Included with Fixed Assets in an amount of £1,861,153 relating to a portfolio of freehold investment properties. Under the Financial Report Standard FRS 105 these are obliged to be stated at their historical cost less depreciation. In the opinion of the Directors this property portfolio had an estimated actual market value at 30 September of £4,049,000.
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006.
For the financial year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Company secretary and director
Detailed Profit and Loss Account for the Year Ended 30 September 2018
2018 |
2017 |
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Other operating income |
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Other operating income |
156,559 |
127,995 |
Employee benefits expense |
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Directors remuneration |
(6,000) |
(6,500) |
Directors NIC (Employers) |
(452) |
(351) |
Staff training |
(91) |
(500) |
(6,543) |
(7,351) |
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Depreciation and amortisation expense |
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Depreciation of freehold property |
- |
(23,145) |
Depreciation of motor vehicles (finance lease/hp) |
(8,005) |
(15,364) |
Depreciation of office equipment (owned) |
(1,051) |
(786) |
(9,056) |
(39,295) |
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Other expenses |
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Rent |
- |
(346) |
Rates |
(9,033) |
(9,955) |
Water rates |
(967) |
(1,016) |
Light, heat and power |
(3,896) |
(4,363) |
Insurance |
(2,834) |
(3,296) |
Use of home as office |
(520) |
(520) |
Repairs and maintenance |
(19,341) |
(35,794) |
Repairs and renewals |
(1,328) |
(1,000) |
Telephone and fax |
(3,232) |
(4,705) |
Office expenses |
(1,405) |
(1,064) |
Computer software and maintenance costs |
(144) |
(108) |
Printing, postage and stationery |
(255) |
(77) |
Trade subscriptions |
(25) |
- |
Charitable donations |
- |
(50) |
Sundry expenses |
(17) |
(841) |
Cleaning |
- |
(850) |
Management charges payable |
(1,400) |
(2,304) |
Motor expenses |
(3,674) |
(2,079) |
Travel and subsistence |
(1,232) |
(922) |
Advertising |
(103) |
(217) |
Accountancy fees |
(4,563) |
(2,262) |
Solicitors fees |
- |
(7,245) |
Bad debts written off |
- |
(5,525) |
Bank charges |
(345) |
(7,869) |
(54,314) |
(92,408) |
Page 5 |
Detailed Profit and Loss Account for the Year Ended 30 September 2018
2018 |
2017 |
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Other gains/(losses) |
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Gain/(loss) from investment property |
- |
(6,902) |
Operating profit/(loss) |
86,646 |
(17,961) |
Interest payable and similar charges |
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Bank interest payable |
(49,343) |
(61,028) |
Hire purchase interest |
(1,073) |
(1,743) |
(50,416) |
(62,771) |
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Profit/(loss) before tax |
36,230 |
(80,732) |
Page 6 |