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REGISTERED NUMBER: NI072874 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WINDNI LIMITED

WINDNI LIMITED (REGISTERED NUMBER: NI072874)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


WINDNI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Dr C F Barr
S H Hall
R I Harvey
J Barr
C McClean





REGISTERED OFFICE: 37 Dargan Road
Fortwilliam Business Park
Belfast
BT3 9LZ





REGISTERED NUMBER: NI072874 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

WINDNI LIMITED (REGISTERED NUMBER: NI072874)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,399 194,442
Investments 5 309,746 286,332
468,145 480,774

CURRENT ASSETS
Debtors 6 212,836 327,263
Cash at bank 4,002,157 3,338,496
4,214,993 3,665,759
CREDITORS
Amounts falling due within one year 7 121,163 158,970
NET CURRENT ASSETS 4,093,830 3,506,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,561,975

3,987,563

CAPITAL AND RESERVES
Called up share capital 550 550
Retained earnings 4,561,425 3,987,013
4,561,975 3,987,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WINDNI LIMITED (REGISTERED NUMBER: NI072874)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were authorised for issue by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





C McClean - Director


WINDNI LIMITED (REGISTERED NUMBER: NI072874)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Windni Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Preparation of consolidated financial statements
The financial statements contain information about Windni Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements in:

The determination of whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and business in general.

The consideration of the recoverability of debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The directors also consider the depreciation rates and useful lives on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Plant and Machinary - 10% on Cost and 5% on Cost
Fixtures and fittings - 20% on reducing balance
Computer Equipment - 33% on reducing Balance

WINDNI LIMITED (REGISTERED NUMBER: NI072874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Investments
Investments in subsidiaries and associates are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

WINDNI LIMITED (REGISTERED NUMBER: NI072874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 May 2023 256,941 47,131 53,133 357,205
Disposals (28,300 ) - - (28,300 )
At 30 April 2024 228,641 47,131 53,133 328,905
DEPRECIATION
At 1 May 2023 76,342 38,785 47,636 162,763
Charge for year 4,642 1,524 1,577 7,743
At 30 April 2024 80,984 40,309 49,213 170,506
NET BOOK VALUE
At 30 April 2024 147,657 6,822 3,920 158,399
At 30 April 2023 180,599 8,346 5,497 194,442

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 120 286,212 286,332
Revaluations - 23,414 23,414
At 30 April 2024 120 309,626 309,746
NET BOOK VALUE
At 30 April 2024 120 309,626 309,746
At 30 April 2023 120 286,212 286,332

WINDNI LIMITED (REGISTERED NUMBER: NI072874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 1,329 1,329
Valuation in 2024 - 23,414 23,414
Cost 120 284,883 285,003
120 309,626 309,746

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Other debtors 212,836 232,446

Amounts falling due after more than one year:
Other debtors - 94,817

Aggregate amounts 212,836 327,263

Included in other debtors is a deferred tax asset arising on the difference between accelerated capital allowances claimed and Taxable losses available. At the reporting date the company had accelerated capital allowances of £135,042 and taxable losses available of £632,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 6,578 6,438
Taxation and social security 5,028 15,684
Other creditors 109,557 136,848
121,163 158,970

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of Windni Limited are Mr C McClean and Mr J Barr.