BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of property management. 29 October 2024 0 0 08863273 2024-01-31 08863273 2023-01-31 08863273 2022-01-31 08863273 2023-02-01 2024-01-31 08863273 2022-02-01 2023-01-31 08863273 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08863273 uk-curr:PoundSterling 2023-02-01 2024-01-31 08863273 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08863273 uk-bus:FullAccounts 2023-02-01 2024-01-31 08863273 uk-core:ShareCapital 2024-01-31 08863273 uk-core:ShareCapital 2023-01-31 08863273 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 08863273 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 08863273 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 08863273 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 08863273 uk-bus:FRS102 2023-02-01 2024-01-31 08863273 uk-core:LandBuildings 2023-02-01 2024-01-31 08863273 uk-core:WithinOneYear 2024-01-31 08863273 uk-core:WithinOneYear 2023-01-31 08863273 2023-02-01 2024-01-31 08863273 uk-bus:Director3 2023-02-01 2024-01-31 08863273 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 08863273
 
 
3 Windmill Drive (Freehold) Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 January 2024



3 Windmill Drive (Freehold) Ltd
Company Registration Number: 08863273
STATEMENT OF FINANCIAL POSITION
as at 31 January 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 3 33,381 21,366
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Current Assets
Cash and cash equivalents 3,992 2,061
Payables: amounts falling due within one year 4 (37,340) (35,439)
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Net Current Liabilities (33,348) (33,378)
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Total Assets less Current Liabilities 33 (12,012)
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Equity
Called up share capital 3 3
Retained earnings 30 (12,015)
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Equity attributable to owners of the company 33 (12,012)
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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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 29 October 2024 and signed on its behalf by
           
           
________________________________          
Timothy Power          
Director          
           



3 Windmill Drive (Freehold) Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
3 Windmill Drive (Freehold) Ltd is a company limited by shares incorporated in the England. Flat 3, 3 Windmill Drive, Clapham, London, SW4 9DE, United Kingdom is the registered office, which is also the principal place of business of the company. The company number is 08863273. The nature of the company’s operations and its principal activities are set out in the Directors' Report.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
 
Trade and other payables
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
         
3. Property, plant and equipment
  Land and Investment Total
  buildings properties  
  freehold    
  £ £ £
Cost or Valuation
At 1 February 2023 33,381 - 33,381
Additions - 33,381 33,381
Disposals (33,381) - (33,381)
  ───────── ───────── ─────────
At 31 January 2024 - 33,381 33,381
  ───────── ───────── ─────────
Depreciation
At 1 February 2023 12,015 - 12,015
Charge for the financial year (12,015) - (12,015)
  ───────── ───────── ─────────
At 31 January 2024 - - -
  ───────── ───────── ─────────
Carrying amount
At 31 January 2024 - 33,381 33,381
  ═════════ ═════════ ═════════
At 31 January 2023 21,366 - 21,366
  ═════════ ═════════ ═════════
       
4. Payables 2024 2023
Amounts falling due within one year £ £
 
Directors' current accounts 31,439 31,440
Accruals and deferred income 5,901 3,999
  ───────── ─────────
  37,340 35,439
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2024.
   
6. Directors' advances, credits and guarantees
 
At 1st February 2023 3 Windmill Drive (Freehold) Ltd owed its directors £31,440. Net transactions during the year amounted to £Nil, resulting in an amount of £31,440 owed by the company at 31st January 2024.

No directors remuneration was paid during the year.
   
7. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.