Silverfin false false 28/02/2025 01/03/2024 28/02/2025 N R Patel 26/11/2024 P R Patel 02/02/2026 06/02/2021 R P Patel 02/02/2026 06/02/2021 S R Patel 26/11/2024 04 March 2025 no description of principal activity 13183811 2025-02-28 13183811 bus:Director1 2025-02-28 13183811 bus:Director2 2025-02-28 13183811 bus:Director3 2025-02-28 13183811 bus:Director4 2025-02-28 13183811 2024-02-29 13183811 core:CurrentFinancialInstruments 2025-02-28 13183811 core:CurrentFinancialInstruments 2024-02-29 13183811 core:Non-currentFinancialInstruments 2025-02-28 13183811 core:Non-currentFinancialInstruments 2024-02-29 13183811 core:ShareCapital 2025-02-28 13183811 core:ShareCapital 2024-02-29 13183811 core:RetainedEarningsAccumulatedLosses 2025-02-28 13183811 core:RetainedEarningsAccumulatedLosses 2024-02-29 13183811 core:InvestmentPropertyIncludedWithinPPE 2024-02-29 13183811 core:InvestmentPropertyIncludedWithinPPE 2025-02-28 13183811 bus:OrdinaryShareClass1 2025-02-28 13183811 2024-03-01 2025-02-28 13183811 bus:FilletedAccounts 2024-03-01 2025-02-28 13183811 bus:SmallEntities 2024-03-01 2025-02-28 13183811 bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13183811 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13183811 bus:Director1 2024-03-01 2025-02-28 13183811 bus:Director2 2024-03-01 2025-02-28 13183811 bus:Director3 2024-03-01 2025-02-28 13183811 bus:Director4 2024-03-01 2025-02-28 13183811 2023-03-01 2024-02-29 13183811 core:Non-currentFinancialInstruments 2024-03-01 2025-02-28 13183811 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 13183811 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13183811 (England and Wales)

# FLAMINGO WINDMILL LIMITED

### Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

FLAMINGO WINDMILL LIMITED

## Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

FLAMINGO WINDMILL LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
FLAMINGO WINDMILL LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,719,586 |  | 1,719,586
|  | 1,719,586 |  | 1,719,586
Current assets |  |  |  |
Debtors | 4 | 215,867 |  | 235,967
Cash at bank and in hand | 5 | 21,577 |  | 27,925
|  | 237,444 |  | 263,892
Creditors: amounts falling due within one year | 6 | ( 774,644) |  | ( 763,805)
Net current liabilities |  | (537,200) |  | (499,913)
Total assets less current liabilities |  | 1,182,386 |  | 1,219,673
Creditors: amounts falling due after more than one year | 7 | ( 1,072,917) |  | ( 1,072,567)
Net assets |  | 109,469 |  | 147,106
Capital and reserves |  |  |  |
Called-up share capital | 8 | 10 |  | 10
Profit and loss account |  | 109,459 |  | 147,096
Total shareholder's funds |  | 109,469 |  | 147,106

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Flamingo Windmill Limited (registered number: 13183811) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

N R Patel Director |

04 March 2025

FLAMINGO WINDMILL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
FLAMINGO WINDMILL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Flamingo Windmill Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property | not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
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 Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 4 |  | 2

#### 3. Tangible assets

| Investment property |  | Total
| £ |  | £
Cost |  |  |
At 01 March 2024 | 1,719,586 |  | 1,719,586
At 28 February 2025 | 1,719,586 |  | 1,719,586
Accumulated depreciation |  |  |
At 01 March 2024 | 0 |  | 0
At 28 February 2025 | 0 |  | 0
Net book value |  |  |
At 28 February 2025 | 1,719,586 |  | 1,719,586
At 29 February 2024 | 1,719,586 |  | 1,719,586

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by group undertakings | 215,867 |  | 235,967

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 21,577 |  | 27,925

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to group undertakings | 168,850 |  | 168,850
Other taxation and social security | 14,883 |  | 8,981
Other creditors | 590,911 |  | 585,974
| 774,644 |  | 763,805

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,072,917 |  | 1,072,567

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10 Ordinary shares of £ 1.00 each | 10 |  | 10