Windmill 44222.Indd
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WINDMILL BLOODSTOCK EIS January 2018 WINDMILL BLOODSTOCK EIS LIMITED DIRECTORS: FIONA MARNER, LIONEL GODFREY Windmill Bloodstock EIS Limited (formerly Windmill Farm Partnership) is a small friendly bloodstock breeding operati on that trades under the Government’s Enterprise Investment Scheme (EIS). These schemes are designed to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom and they off er private individuals very att racti ve tax relief benefi ts. The company was formed in 2012 and has 24 initi al shareholders investi ng a minimum of £20,000 each. We are now reopening for new investment which, HMRC have confi rmed, will sti ll qualify for EIS tax relief. Our strategy from the outset, was to trade at the upper end of the bloodstock market which is less suscepti ble to short term economic shocks and gives the opportunity for higher profi t margins. Our three mares are of the highest quality and fully meet our ‘top end’ criteria. They have exciti ng pedigrees and have achieved consistently sati sfactory results with their progeny at the sales and on the racecourse. The objecti ve of this fundraising is to enable us to purchase one or two more of the same, as we believe that a minimum of four or fi ve mares are needed to spread the risk and run a profi table business. Windmill Bloodstock EIS gives shareholders a wonderful opportunity to parti cipate in the fascinati ng world of bloodstock at an aff ordable level of investment. Share our dreams and successes... 1 We are a small group of enthusiasts who enjoy the level of involvement that is THE ENTERPRISE INVESTMENT SCHEME possible from this size of operation. We hold an annual meeting at Windmill Stud, The Enterprise Investment Scheme (EIS) has existed in various forms where the mares and foals are boarded, to view the horses and discuss plans. since 1994. In its present form, the possible reliefs and benefits are more Shareholders are always welcome to visit the stud at any time. extensive than ever. What benefits does the Enterprise Investment Scheme provide the investor? We also organise visits at home and abroad to top studs, bloodstock sales and race • Income tax relief at 30% on the amount invested in qualifying investments meetings when we have an interest. Whilst we are obviously aiming to make a of up to £1,000,000 per annum. The EIS relief may be withdrawn if certain profit, we feel that the fun and participation are also important. events occur within three years, e.g. shares sold. New investors are invited to apply for £1 shares in Windmill Bloodstock EIS Limited, • An individual may carry-back all or part of current year EIS investments to with a minimum investment of £20,000. You may apply jointly with another person. the previous tax year, provided that the limit in the previous year is not The immediate income tax relief on any investment under EIS rules is 30%, and it exceeded. is also possible to defer capital gains tax payable on the sale of other assets at a • Any gain arising on a disposal of the shares after three or more years to be rate of up to 28%. Provided there has been no breach of EIS rules, any gain realised free from capital gains tax. after three or more years will be tax free and any realised losses may be offset • Deferral of capital gains (no limit) on any other assets, by reinvesting all or against income at your marginal rate of tax. After at least two years of ownership part of the gain into an EIS company within one year before, or three years the shares will qualify for business property relief and so will be exempt from after, the gain accrued. The deferred gain becomes chargeable to capital inheritance tax. gains tax if the EIS company shares are sold or on the occurrence of certain other events. The Government announced in the latest Budget, that there will be changes to the • Gains realised on or after 3 December 2014 which qualified for EIS in the Finance Act, but they will not affect bloodstock because it is not risk free. Entrepreneurs’ Relief may be reinvested under EIS and will still remain HMRC have confirmed that provided our new shares are issued before they will eligible for Entrepreneurs’ Relief when the deferred gain is revived. receive EIS benefits as they currently stand. This offer for subscription will close on • An investor cannot be “connected” with the EIS company, i.e. he or she Wednesday 28th March 2018. together with associates such as a spouse or close relative cannot own more than 30% of the shares, directly or indirectly. An employee or paid director If you require any further information, please contact Fiona Marner at Windmill of the company is also connected, subject to certain exceptions for directors. Stud. As with any financial investment, you should seek professional advice if you • Relief for any losses made on the disposal of EIS shares can be offset against have any concerns regarding this offer. capital gains tax or, in some circumstances, income tax. As a result of the above, an individual could have a total income tax saving of up to 61.5% of their investment if it fails completely. Bernard Harrington FCA – Chartered Accountant 2 3 WIWINDMILLNDMILL BL BLOODSTOCKOODSTOCK EIS EIS Northern Dancer Sadler's Wells(USA) Fairy Bridge (USA) Galileo (IRE) Miswaki (USA) BLOODSTOCK PORTFOLIO - January 2018 GAZE (GB) Urban Sea (USA) Allegretta (2003) Mill Reef (USA) A Bay Mare Shirley Heights Hardiemma Gryada (GB) Windwurf (GER) MARES - DOB Sire Dam In Foal - LSD (1993) Grimpola (GER) Gondel (GER) Gaze 2003 Galileo Gryada Rested GAZE (GB), 98,000 gns. mare, won 2 races in Germany and placed 4 times (William Jarvis). Dam of five winners, from 6 runners and 6 foals of racing age: Ninas Rainbow 2008 Rainbow Quest Next Gina Iff raaj - 22.05.17 2009 BRIDGEHAMPTON (GB) (g. by Lando (GER)), 92,000 gns. yearling-Kern/Lillingston Ass, won 6 races at home and abroad and £42,863 and placed 9 Salonmare 2013 Manduro Salonblue Lawman - 05.04.17 times (M. Bell). 2010 GREATWOOD (GB) (g. by Manduro (GER)), 85,000 gns. yearling - John Warren BS, 180,000 gns. Horses-in-Training Sale 2013 - McKeever BS, won 3 races at 2, 4 and 5 years at home and in Australia and 3-YEAR-OLD Sire Dam Grandsire £141,616 including Parramatta Cup, Rosehill, L. and Premier's Cup, Rosehill, L., second in Noel Murless Stakes, Ascot, L. rated 104) (L. Cumani and Gai Waterhouse). Gemini 2015 Makfi Gaze Galileo 2011 GANYMEDE (GB) (g. by OasisDream(GB)), 160,000 gns.foal, won4races at 3to 4 years and placed once; also won 1 race over hurdles at 5 Leased for racing. Trainer: Charlie Hills, Lambourn years, 2016; (E. Johnson Houghton/A. Hales). 2013 MUSAANADA (GB) (f. by Sea The Stars (IRE)), 235,000 gns. foal -Shadwell Estate Company, won 2 races at 3 years, 2016, all her starts (W. Haggas). YEARLINGS 2014 SWING VALLEY (GB) (f. by Lawman (FR)), 100,000 gns. foal -Meridian International, won 1 race at 3 years, 2017 in France and £16,210 and Bay Filly - 05.05.17 Golden Horn Gaze Galileo placed 5 times (D. Guillemin). 2015 Gemini (GB) (f. by Makfi (GB)), ran once at 2 years, 2017 (C. Hills). Bay colt - 27.04.17 Moti vator Ninas Rainbow Rainbow Quest 2016(c. by Dansili (GB)), 100,000 gnsyearling, foaled April 14th (M. Johnston). 2017 (f. by Golden Horn (GB)),foaled May 5th. 2018rested. STALLIONS 1st Dam Gryada (GB), won 2 races at 2 years and £18,087 placed third in Premio Dormello, Milan, Gr.3 (rated Lawman - 50% of 1 share Invincible Spirt Laramie Gulch 103) (W.Jarvis); Own sister to Golan Heights; dam of ten winners from 10 runners and 11 living foals of racing age including- Cityscape - Breeding right Selkirk Tanti na Distant View FAME AND GLORY (GB) (c. by Montjeu (IRE)), 190,000 gns. foal – T. Hyde, won 14 races at 2 to 6 years at home and in France and £2,314,120 including Ascot Gold Cup, Gr.1, Tattersalls Gold Cup, Curragh, Gr.1, Coronation Cup, Epsom, Gr.1, Irish Derby, Curragh, Gr.1, Criterium de Saint-Cloud, Gr.1, second in Derby Stakes, Epsom, Gr.1 (rated 129) (A.P. O’Brien); sire. Grampian (GB) (c. by Selkirk (USA)), 200,000 gns. yearling – Mrs. A. Skiffington, won 4 races at 2, 3 and 6 years and £102,691, second in July Stakes, Haydock Park, L., J (rated 105) (J. Given). YUMMY MUMMY (GB), 460,000 gns. mare - John Warren BS, won 1 race; dam of 4 winners. LEGATISSIMO (IRE) (f. by Danehill Dancer (IRE)), 350,000 gns. yearling Tattersalls October (Book 1) - MV Magnier, Champion 3yr old filly in England in 2015, 5 races at 2 and 3 years, £1,123,354 including Nassau Stakes, Gr.1, 1000 Guineas, Gr.1, Matron Stakes, Gr.1, second in Oaks Stakes, Gr.1, Breeders' Cup Filly/Mare Turf, Gr.1 (rated 117) (D. Wachman). SMOULDER (GB), 725,000 gns. yearling Tattersalls October (Book 1) - MV Magnier, 1 race at 3 years, 2017 and £10,608 and placed twice (rated 93) (A.P. O’Brien). Guaranda (GB) (f. by Acatenango (GER)), 250,000 gns. mare - C Gordon-Watson BS, won 2 races at 3 years, placed twice including third in EBF Upavon Stakes, Salisbury, L.; dam of 3 winners. GRAVITATION (GB) (f. by Galileo (IRE)), 2 races including Lillie Langtry Stakes, Gr.3 (rated 108) (W.