0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,707,513 2,707,513 2,707,513 xbrli:pure xbrli:shares iso4217:GBP 09713510 2023-09-01 2024-08-31 09713510 2024-08-31 09713510 2023-08-31 09713510 2022-09-01 2023-08-31 09713510 2023-08-31 09713510 2022-08-31 09713510 core:FurnitureFittings 2023-09-01 2024-08-31 09713510 bus:Director1 2023-09-01 2024-08-31 09713510 bus:Director2 2023-09-01 2024-08-31 09713510 core:FurnitureFittings 2023-08-31 09713510 core:FurnitureFittings 2024-08-31 09713510 core:WithinOneYear 2024-08-31 09713510 core:WithinOneYear 2023-08-31 09713510 core:ShareCapital 2024-08-31 09713510 core:ShareCapital 2023-08-31 09713510 core:OtherReservesSubtotal 2024-08-31 09713510 core:OtherReservesSubtotal 2023-08-31 09713510 core:RetainedEarningsAccumulatedLosses 2024-08-31 09713510 core:RetainedEarningsAccumulatedLosses 2023-08-31 09713510 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 09713510 core:Non-currentFinancialInstruments 2024-08-31 09713510 core:Non-currentFinancialInstruments 2023-08-31 09713510 bus:Director1 2023-08-31 09713510 bus:Director1 2024-08-31 09713510 bus:Director2 2023-08-31 09713510 bus:Director2 2024-08-31 09713510 bus:Director1 2022-08-31 09713510 bus:Director1 2023-08-31 09713510 bus:Director2 2022-08-31 09713510 bus:Director2 2023-08-31 09713510 bus:Director1 2022-09-01 2023-08-31 09713510 bus:Director2 2022-09-01 2023-08-31 09713510 bus:SmallEntities 2023-09-01 2024-08-31 09713510 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09713510 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09713510 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09713510 bus:FullAccounts 2023-09-01 2024-08-31 09713510 core:ComputerEquipment 2023-09-01 2024-08-31 09713510 core:ComputerEquipment 2024-08-31 09713510 core:ComputerEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 09713510
Windmill Property Development Limited
Filleted Unaudited Financial Statements
31 August 2024
Windmill Property Development Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
866
1,083
Investments
5
2,707,513
2,707,513
-----------
-----------
2,708,379
2,708,596
Current assets
Debtors
6
6,531
16,999
Cash at bank and in hand
183,360
139,292
---------
---------
189,891
156,291
Creditors: amounts falling due within one year
7
2,045,690
2,053,524
-----------
-----------
Net current liabilities
1,855,799
1,897,233
-----------
-----------
Total assets less current liabilities
852,580
811,363
Provisions
Taxation including deferred tax
62,300
62,300
---------
---------
Net assets
790,280
749,063
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Other reserves
248,118
248,118
Profit and loss account
541,162
499,945
---------
---------
Shareholders funds
790,280
749,063
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Windmill Property Development Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
Mr N Jordan
Mr A Jordan
Director
Director
Company registration number: 09713510
Windmill Property Development Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1A The Moorings, Dane Road Industrial Estate, Sale, Cheshire, M33 7BH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is not provided on buildings as these are intended to be held and maintained to a standard that permits use without a defined useful economic life. This departure from the FRSSE is necessary to show a true and fair view.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
91,332
1,083
92,415
-------
------
-------
Depreciation
At 1 September 2023
91,332
91,332
Charge for the year
217
217
-------
------
-------
At 31 August 2024
91,332
217
91,549
-------
------
-------
Carrying amount
At 31 August 2024
866
866
-------
------
-------
At 31 August 2023
1,083
1,083
-------
------
-------
5. Investments
Other investments other than loans
£
Cost
At 1 September 2023 and 31 August 2024
2,707,513
-----------
Impairment
At 1 September 2023 and 31 August 2024
-----------
Carrying amount
At 31 August 2024
2,707,513
-----------
At 31 August 2023
2,707,513
-----------
6. Debtors
2024
2023
£
£
Trade debtors
6,999
6,999
Other debtors
( 468)
10,000
------
-------
6,531
16,999
------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
513
1,707
Corporation tax
23,348
29,204
Social security and other taxes
10,762
9,896
Other creditors
2,011,067
2,012,717
-----------
-----------
2,045,690
2,053,524
-----------
-----------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr N Jordan
( 1,056,873)
5,500
( 1,051,373)
Mr A Jordan
( 953,194)
5,500
( 10,400)
( 958,094)
-----------
-------
-------
-----------
( 2,010,067)
11,000
( 10,400)
( 2,009,467)
-----------
-------
-------
-----------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr N Jordan
( 1,062,573)
5,700
( 1,056,873)
Mr A Jordan
( 997,394)
46,700
( 2,500)
( 953,194)
-----------
-------
------
-----------
( 2,059,967)
52,400
( 2,500)
( 2,010,067)
-----------
-------
------
-----------