Windshear Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12590446

Windshear Ltd

Filleted Financial Statements

31 December 2025

Windshear Ltd

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,585	782
Investments	6	900	900
		-------	-------
		2,485	1,682

Current assets

Debtors	7	704,305	1,711,246
Cash at bank and in hand		160,889	65,211
		---------	------------
		865,194	1,776,457

Creditors: amounts falling due within one year	8	754,726	119,414
		---------	------------
Net current assets		110,468	1,657,043
		---------	------------
Total assets less current liabilities		112,953	1,658,725

Provisions	( 64)	( 365)
	---------	------------
Net assets	113,017	1,659,090
	---------	------------

Capital and reserves

Called up share capital	10	100	100
Other reserves		90,000	90,000
Profit and loss account		22,917	1,568,990
		---------	------------
Shareholders funds		113,017	1,659,090
		---------	------------

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.

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.

These financial statements were approved by the board of directors and authorised for issue on 9 September 2026 , and are signed on behalf of the board by:

Mr J Murphy	Mr P Dempsey
Director	Director

Company registration number: 12590446

Windshear Ltd

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Eden Square East, Retail Unit 1, 7 Hatton Garden, Liverpool, L3 2FE, 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 are prepared on the going concern basis, under the historical cost convention, and comply with the financial reporting standards of the Financial Reporting Council and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.

Borrowings

Borrowings are recognised initially at the transaction price, the present value of cash payable to the bank, including transaction costs. Borrowings are subsequently stated at amortised cost. Interest expense is recognised on the basis of the effective interest method and is included in finance costs.

Borrowings are classified as current liabilities unless the company has a right to defer settlement of the liability for at least 12 months after the reporting date.

Consolidation

The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 401 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of an EEA State.

Judgements and key sources of estimation uncertainty

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant effect on amounts recognised in the financial statements are discussed below: Estimate of useful life for fixed assets Fixed assets consist of fixtures and fittings, and equipment. The annual depreciation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of fair values and residual values. The directors annually review the asset lives and adjust them as necessary to reflect current thinking on remaining lives in light of technological change, prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have significant impact on depreciation charges for the period. Detail of the useful lives is included in the accounting policies.

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. Dividend income is recognised when the right to receive payment is established.

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying a group fixed exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

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	-	10% straight line
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.

Debtors

Trade and other debtors including amounts owed by group companies are recognised initially at transaction price. A provision for impairment is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.

Cash and cash equivalents

Cash and equivalents include cash on hand and demand deposits. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position.

Trade creditors and accruals

Creditors and accruals are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transition price and subsequently at amortised cost.

Share capital

Ordinary shares are classified as equity.

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.

Dividends

Dividends to the company's equity shareholders are recognised as a liability of the company when approved by the company's shareholders.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. The assets of the scheme are held separately from those of the company.

Employee benefits

The company provides a range of benefits to employees, including paid holiday arrangements and annual bonus arrangements.

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received. The company recognises a provision and an expense for bonuses where the company has a legal or constructive obligation as a result of past events and a reliable estimate can be made.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025	5,498	3,185	8,683
Additions	–	1,095	1,095
Disposals	–	( 1,765)	( 1,765)
	-------	-------	-------
At 31 December 2025	5,498	2,515	8,013
	-------	-------	-------
Depreciation
At 1 January 2025	5,498	2,403	7,901
Charge for the year	–	292	292
Disposals	–	( 1,765)	( 1,765)
	-------	-------	-------
At 31 December 2025	5,498	930	6,428
	-------	-------	-------
Carrying amount
At 31 December 2025	–	1,585	1,585
	-------	-------	-------
At 31 December 2024	–	782	782
	-------	-------	-------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	900
	----
Impairment
At 1 January 2025 and 31 December 2025	–
	----

Carrying amount
At 31 December 2025	900
	----
At 31 December 2024	900
	----

Subsidiary Name	Class of share	Proportion held
Premier Apartments (UK) Ltd	Ordinary	100%
Prem Apart Birmingham Ltd	Ordinary	100%
Prem Apart Bristol Ltd	Ordinary	100%
Prem Apart Glasgow 1 Ltd	Ordinary	100%
Prem Apart Glasgow 2 Ltd	Ordinary	100%
Prem Apart Liverpool Ltd	Ordinary	100%
Prem Apart Manchester Ltd	Ordinary	100%
Prem Apart Nottingham Ltd	Ordinary	100%
Prem Apart Reading & Cabot Ltd	Ordinary	100%

7. Debtors

	2025	2024
	£	£
Trade debtors	10,222	2,532
Amounts owed by group undertakings and undertakings in which the company has a participating interest	624,067	1,588,095
Other debtors	70,016	120,619
	---------	------------
	704,305	1,711,246
	---------	------------

Amounts owed by group companies are unsecured, interest free and repayable on demand.

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	77,616	53,620
Trade creditors	948	1,243
Amounts owed to group undertakings and undertakings in which the company has a participating interest	624,838	–
Social security and other taxes	5,642	5,243
Other creditors	45,682	59,308
	---------	---------
	754,726	119,414
	---------	---------

HSBC UK Bank Plc hold a fixed and floating charge over all the property or undertaking of the company in relation to a loan and charge card facility advanced to the company. Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	( 64)	( 365)
	----	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	( 64)	( 365)
	----	----

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Summary audit opinion

The auditor's report dated 9 September 2026 was unqualified .

The senior statutory auditor was Ms Kate Crossan , for and on behalf of Lenfestey & Co .

12. Related party transactions

The company has taken advantage of the exemption under FRS 102 in relation to disclosure of related party transactions with subsidiary companies within the group.

13. Ethical standards

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. Controlling party

The company is a wholly owned subsidiary of Raydara Holdings DAC . The company's ultimate parent undertaking is FRO III Cedar Holdings LP , a Cayman Islands Limited Partnership with a registered office at Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. The parent of the smallest group in which the results are consolidated is Arago Investments Ltd , a company registered in Ireland with a registered office address at 23 Lower Baggot Street, Dublin 2, 2, D02K009, Ireland .