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REGISTERED NUMBER: 03354265 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WINDMILL FARMS LIMITED

WINDMILL FARMS LIMITED (REGISTERED NUMBER: 03354265)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WINDMILL FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J P Clark
Mrs K L Clark





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 03354265 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

WINDMILL FARMS LIMITED (REGISTERED NUMBER: 03354265)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 733 917
Investments 5 - 360,818
Investment property 6 1,193,563 1,180,000
1,194,296 1,541,735

CURRENT ASSETS
Debtors 7 693,420 47,038
Cash at bank 32,487 280,050
725,907 327,088
CREDITORS
Amounts falling due within one year 8 43,366 62,322
NET CURRENT ASSETS 682,541 264,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,876,837

1,806,501

PROVISIONS FOR LIABILITIES - 175
NET ASSETS 1,876,837 1,806,326

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 27,767 27,767
Retained earnings 10 1,849,068 1,778,557
SHAREHOLDERS' FUNDS 1,876,837 1,806,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

WINDMILL FARMS LIMITED (REGISTERED NUMBER: 03354265)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





J P Clark - Director


WINDMILL FARMS LIMITED (REGISTERED NUMBER: 03354265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Windmill Farms 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents rental and other income receivable during the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Fixed asset investments
Investments are included at fair value. Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

WINDMILL FARMS LIMITED (REGISTERED NUMBER: 03354265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 70,959
Disposals (10,692 )
At 31 March 2024 60,267
DEPRECIATION
At 1 April 2023 70,042
Charge for year 229
Eliminated on disposal (10,737 )
At 31 March 2024 59,534
NET BOOK VALUE
At 31 March 2024 733
At 31 March 2023 917

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 360,818
Disposals (404,591 )
Revaluations 39,049
Dividends received 4,724
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 360,818


WINDMILL FARMS LIMITED (REGISTERED NUMBER: 03354265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,180,000
Additions 13,563
At 31 March 2024 1,193,563
NET BOOK VALUE
At 31 March 2024 1,193,563
At 31 March 2023 1,180,000

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 3,972 47,038

Amounts falling due after more than one year:
Other debtors 689,448 -

Aggregate amounts 693,420 47,038

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 18,168 5,574
Other creditors 25,198 56,748
43,366 62,322

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares £1 2 2

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 1,778,557 27,767 1,806,324
Profit for the year 70,511 70,511
At 31 March 2024 1,849,068 27,767 1,876,835

WINDMILL FARMS LIMITED (REGISTERED NUMBER: 03354265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. RELATED PARTY DISCLOSURES

Amounts due from related parties at the balance sheet date was £689,448 (2023 - £0)

12. IMMEDIATE PARENT UNDERTAKING

The immediate parent undertaking is GTLAT Limited, which is registered in England and Wales.