BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of entertainment and amusement facilities at a number of retail centres. 22 September 2025 34 33 NI027108 2024-12-31 NI027108 2023-12-31 NI027108 2022-12-31 NI027108 2024-01-01 2024-12-31 NI027108 2023-01-01 2023-12-31 NI027108 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI027108 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI027108 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI027108 uk-bus:AbridgedAccounts 2024-01-01 2024-12-31 NI027108 uk-core:ShareCapital 2024-12-31 NI027108 uk-core:ShareCapital 2023-12-31 NI027108 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI027108 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI027108 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI027108 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI027108 uk-bus:FRS102 2024-01-01 2024-12-31 NI027108 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 NI027108 uk-core:Goodwill 2024-01-01 2024-12-31 NI027108 uk-core:Land 2024-01-01 2024-12-31 NI027108 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI027108 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 NI027108 uk-core:MotorVehicles 2024-01-01 2024-12-31 NI027108 uk-core:IntangibleAssetsOtherThanGoodwill 2023-12-31 NI027108 uk-core:Goodwill 2023-12-31 NI027108 uk-core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 NI027108 uk-core:IntangibleAssetsOtherThanGoodwill 2024-12-31 NI027108 uk-core:Goodwill 2024-12-31 NI027108 uk-core:CostValuation 2024-12-31 NI027108 uk-core:Subsidiary1 2024-01-01 2024-12-31 NI027108 uk-core:ParentEntities 2024-01-01 2024-12-31 NI027108 uk-countries:NorthernIreland 2024-01-01 2024-12-31 NI027108 uk-bus:Director3 2024-01-01 2024-12-31 NI027108 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares

Clearhill Enterprises Limited

Abridged Unaudited Financial Statements

for the financial year ended 31 December 2024

Clearhill Enterprises Limited

Company Registration Number: NI027108

ABRIDGED BALANCE SHEET

as at 31 December 2024

|  |  | 2024 |  | 2023
|  | Notes | £ |  | £
Fixed Assets

Intangible assets |  | 4 | 126,440 |  | 136,202
Tangible assets |  | 5 | 2,735,093 |  | 1,870,816
Investments |  | 6 | 178 |  | 178
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 2,861,711 |  | 2,007,196
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  |  | 1,571,039 |  | 1,195,560
Debtors |  |  | 263,933 |  | 83,833
Cash and cash equivalents |  |  | 1,724,209 |  | 929,258
|  |  | ───────── |  | ─────────
|  |  | 3,559,181 |  | 2,208,651
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  |  | (4,153,155) |  | (2,445,253)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (593,974) |  | (236,602)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 2,267,737 |  | 1,770,594
Creditors:

amounts falling due after more than one year |  |  | (734,665) |  | (342,218)
Provisions for liabilities |  |  | (259,397) |  | (207,852)
Government grants |  |  | (34,514) |  | (14,105)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 1,239,161 |  | 1,206,419
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 300 |  | 300
Retained earnings |  |  | 1,238,861 |  | 1,206,119
|  |  | ───────── |  | ─────────
Shareholders' Funds |  |  | 1,239,161 |  | 1,206,419
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 22 September 2025 and signed on its behalf by

________________________________ |  |  |  |  |
John McAreavey |  |  |  |  |
Director |  |  |  |  |

Clearhill Enterprises Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

1. | General Information
| Clearhill Enterprises Limited is a private company limited by shares incorporated in Northern Ireland. NI027108 is the registered company number. Carousel House, Scarva Road Industrial Estate, Banbridge, Co Down, Northern Ireland is the registered office, which is also the principal place of business of the company. The financial statements cover the individual entity for the year ended 31st December 2024. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Consolidated accounts
| The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
| Turnover
| Turnover comprises the value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
| Intangible assets
| Intellectual Property
| Intellectual Property are valued at cost less accumulated amortisation.
| Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 5 years.
| Goodwill
| Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Long leasehold property | - | 4% Straight line
|  | Plant and machinery | - | 20% Reducing Balance
|  | Fixtures, fittings and equipment | - | 20% Reducing Balance
|  | Motor vehicles | - | 25% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Leasing and hire purchases
| Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
| Investments
| Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
| Stocks
| Stocks are valued at the lower of cost and net realisable value on a first in first out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| 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.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| Government grants
| Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Pensions
| The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was as follows:
|  | 2024 | 2023
|  | Number | Number
| Employees | 34 | 33
|  | ═════════ | ═════════

4. | Intangible assets
|  | Intellectual Property |  |
|  |  | Goodwill | Total
|  | £ | £ | £
| Cost
| At 1 January 2024 | 164,670 | 1,018,959 | 1,183,629
| Additions | 10,273 | 4,410 | 14,683
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | 174,943 | 1,023,369 | 1,198,312
|  | ───────── | ───────── | ─────────
| Amortisation
| At 1 January 2024 | 34,187 | 1,013,240 | 1,047,427
| Charge for financial year | 20,776 | 3,669 | 24,445
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | 54,963 | 1,016,909 | 1,071,872
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2024 | 119,980 | 6,460 | 126,440
|  | ═════════ | ═════════ | ═════════
| At 31 December 2023 | 130,483 | 5,719 | 136,202
|  | ═════════ | ═════════ | ═════════

5. | Tangible assets
|  | Long | Plant and | Fixtures, | Motor | Total
|  | leasehold | machinery | fittings and | vehicles |
|  | property |  | equipment |  |
|  | £ | £ | £ | £ | £
| Cost
| At 1 January 2024 | 109,395 | 4,755,855 | 613,755 | 544,817 | 6,023,822
| Additions | 562,705 | 409,939 | 149,647 | 158,847 | 1,281,138
| Disposals | - | (139,736) | (568) | (41,840) | (182,144)
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 December 2024 | 672,100 | 5,026,058 | 762,834 | 661,824 | 7,122,816
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2024 | 36,961 | 3,423,096 | 415,344 | 277,605 | 4,153,006
| Charge for the financial year | 7,423 | 239,618 | 43,293 | 73,202 | 363,536
| On disposals | - | (89,974) | (568) | (38,277) | (128,819)
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 December 2024 | 44,384 | 3,572,740 | 458,069 | 312,530 | 4,387,723
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2024 | 627,716 | 1,453,318 | 304,765 | 349,294 | 2,735,093
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| At 31 December 2023 | 72,434 | 1,332,759 | 198,411 | 267,212 | 1,870,816
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════

6. | Investments
|  | Group and | Total
|  | participating |
|  | interests/ |
|  | joint ventures |
| Investments | £ | £
| Cost
| At 31 December 2024 | 178 | 178
|  | ───────── | ─────────
| Net book value
| At 31 December 2024 | 178 | 178
|  | ═════════ | ═════════
| At 31 December 2023 | 178 | 178
|  | ═════════ | ═════════

6.1. | Holdings in related undertakings
| The company holds 20% or more of the share capital of the following company:
|  | Country | Nature |  | Details | Proportion
|  | of | of |  | of | held by
| Name | incorporation and address of Registered Office | business |  | investment | company
| Subsidiary undertaking
| Clearhill Enterprises (Ireland) Limited | 20 Park Street Dundalk Co Louth | The provision of entertainment and amusement facilities at retail centres and other venues |  | Ordinary | 100%
| In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.

7. | Details of creditors
| Security given in respect of creditors
| The company has debts totalling £121,515 (2022: £162,614) which are secured by way of fixed and floating charges over company assets.

8. | Parent company
| The company regards Clearhill Estates Limited, a company incorporated in Northern Ireland, as its parent company.

9. | PENSION COMMITMENTS
| The company operate a defined contribution scheme for employees, which is held and administered by a separate third party. At the year end, there were contributions of £2,952 due to the fund (2022: £5,395). These are included in creditors: less than one year.