The rapper and reality star, who married in Italy last month, want to celebrate baby North's big day on Sunday (15.06.14) with a bash which they can be proud to show her when she's older.
A source told HollywoodLife.com: "They'll be home with North and having a party. Small, with family and and close friends.
"They're planning a lot of surprises for North and want to throw her a party that is fabulous beyond belief and something that they can show her when she's older."
Kanye, 37, and Kim, 33, are keen to "capture every moment" of the special day, which they will cherish for years to come.
The source added: "Kanye's going to have his video recorder going, and you know Kim going to be recording and taking pictures, too.
"They've already begun a huge family photo album, like a scrapbook of just the three of them, and since this will be North's first birthday, they're going to capture every moment. It will be an overwhelming day for all three of them."