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REGISTERED NUMBER: 07636093 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WINDMILL PROPERTIES (EUR) LIMITED

WINDMILL PROPERTIES (EUR) LIMITED (REGISTERED NUMBER: 07636093)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WINDMILL PROPERTIES (EUR) LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: S Le Cornu
A R Forryan
Mrs D Forryan
Mrs J Le Cornu





REGISTERED OFFICE: Seven Stars House
1 Wheler Road
Coventry
West Midlands
CV3 4LB





REGISTERED NUMBER: 07636093 (England and Wales)






WINDMILL PROPERTIES (EUR) LIMITED (REGISTERED NUMBER: 07636093)

ABRIDGED BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 295
Investment property 5 4,000,000 2,300,000
4,000,000 2,300,295

CURRENT ASSETS
Debtors 83,143 126,395
Cash at bank 78,915 124,509
162,058 250,904
CREDITORS
Amounts falling due within one year 67,512 144,556
NET CURRENT ASSETS 94,546 106,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,094,546

2,406,643

CREDITORS
Amounts falling due after more than one
year

6

(702,512

)

(657,500

)

PROVISIONS FOR LIABILITIES (540,136 ) (87,504 )
NET ASSETS 2,851,898 1,661,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,851,798 1,661,539
SHAREHOLDERS' FUNDS 2,851,898 1,661,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 PROPERTIES (EUR) LIMITED (REGISTERED NUMBER: 07636093)

ABRIDGED BALANCE SHEET - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





S Le Cornu - Director


WINDMILL PROPERTIES (EUR) LIMITED (REGISTERED NUMBER: 07636093)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Windmill Properties (Eur) 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 principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

WINDMILL PROPERTIES (EUR) LIMITED (REGISTERED NUMBER: 07636093)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 1,180
DEPRECIATION
At 1 October 2023 885
Charge for year 295
At 30 September 2024 1,180
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 295

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 2,300,000
Revaluations 1,700,000
At 30 September 2024 4,000,000
NET BOOK VALUE
At 30 September 2024 4,000,000
At 30 September 2023 2,300,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2015 618,558
Valuation in 2018 77,733
Valuation in 2024 1,700,000
Cost 1,603,709
4,000,000

Investment property was valued on an open market basis on 30 September 2024 by the Directors. .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans - more than 5 years 702,512 470,000

WINDMILL PROPERTIES (EUR) LIMITED (REGISTERED NUMBER: 07636093)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 702,512 700,000

The bank loan is secured by way of a legal mortgage dated 30 April 2024 in favour of Lloyds Bank PLC.

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.