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REGISTERED NUMBER: 06219961 (England and Wales)















WINDMILL RESTAURANT (LINCS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






WINDMILL RESTAURANT (LINCS) LIMITED (REGISTERED NUMBER: 06219961)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


WINDMILL RESTAURANT (LINCS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C S Noble
Mrs S D Noble



SECRETARY: Mrs S D Noble



REGISTERED OFFICE: 46 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT



REGISTERED NUMBER: 06219961 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS



BANKERS: National Westminster Bank PLC
Market Place
Louth
Lincolnshire
LN11 9NX

WINDMILL RESTAURANT (LINCS) LIMITED (REGISTERED NUMBER: 06219961)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,889 14,035

CURRENT ASSETS
Stocks 3,324 3,025
Debtors 5 39,978 42,341
Cash at bank and in hand 2,210 2,584
45,512 47,950
CREDITORS
Amounts falling due within one year 6 47,168 46,643
NET CURRENT (LIABILITIES)/ASSETS (1,656 ) 1,307
TOTAL ASSETS LESS CURRENT LIABILITIES 10,233 15,342

CREDITORS
Amounts falling due after more than one year 7 (8,360 ) (12,917 )

PROVISIONS FOR LIABILITIES (1,871 ) (2,202 )
NET ASSETS 2 223

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings - 221
SHAREHOLDERS' FUNDS 2 223

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





C S Noble - Director


WINDMILL RESTAURANT (LINCS) LIMITED (REGISTERED NUMBER: 06219961)

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

1. STATUTORY INFORMATION

Windmill Restaurant (Lincs) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to make the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each assets on a systematic basis over its expected useful life as follows:

Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost
Property improvements - 10% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


WINDMILL RESTAURANT (LINCS) LIMITED (REGISTERED NUMBER: 06219961)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
Despite negative net current liability of £1,656 the directors consider the going concern basis to be appropriate as they will continue to support the company in the foreseeable future to ensure it will continue to trade.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 4,080 55,022 3,142 62,244
DEPRECIATION
At 1 May 2023 1,632 43,435 3,142 48,209
Charge for year 408 1,738 - 2,146
At 30 April 2024 2,040 45,173 3,142 50,355
NET BOOK VALUE
At 30 April 2024 2,040 9,849 - 11,889
At 30 April 2023 2,448 11,587 - 14,035

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 39,978 42,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,005 5,000
Trade creditors 6,958 8,231
Taxation and social security 16,153 21,984
Other creditors 14,052 11,428
47,168 46,643

WINDMILL RESTAURANT (LINCS) LIMITED (REGISTERED NUMBER: 06219961)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,360 12,917

8. CALLED UP SHARE CAPITAL

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
C S Noble and Mrs S D Noble
Balance outstanding at start of year 37,965 37,442
Amounts advanced 49,415 38,533
Amounts repaid (51,777 ) (38,010 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,603 37,965

The directors' loan account is unsecured and repayable on demand. Interest has been charged on this balance at the official rate.

10. RELATED PARTY DISCLOSURES

During the year the directors, Mr & Mrs Noble, charged rent to the company of £20,800 (2023: £20,800).