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Registration number: NI020085

McCauslands Airport Garage Limited
Filleted Financial Statements
for the Year Ended 30 June 2025

McCauslands Airport Garage Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 10

McCauslands Airport Garage Limited

Company Information

Directors | Michael McCausland Jonathan McCausland Emma McCausland Christopher McCausland Peter McCausland

Company secretary | Christopher McCausland

Registered office | 33-35 Grosvenor Road Belfast BT12 4GR

Solicitors | Mills Selig 21 Arthur Street Belfast BT1 4GA

Bankers | Danske Bank Corporate Banking Donegall Square West Belfast BT1 6JS

Auditors | RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG

Company number | NI020085

McCauslands Airport Garage Limited

(Registration number: NI020085)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 297,090 | 335,013
Tangible assets | 5 | 9,761,886 | 6,674,836
|  | 10,058,976 | 7,009,849
Current assets |  |  |
Stocks | 6 | 17,594 | 14,944
Debtors | 7 | 561,521 | 137,320
Cash at bank and in hand |  | 296,241 | 787,607
|  | 875,356 | 939,871
Creditors: Amounts falling due within one year | 8 | (2,036,358) | (1,500,044)
Net current liabilities |  | (1,161,002) | (560,173)
Total assets less current liabilities |  | 8,897,974 | 6,449,676
Creditors: Amounts falling due after more than one year | 8 | (1,891,458) | (561,535)
Provisions for liabilities |  | (85,291) | (19,196)
Net assets |  | 6,921,225 | 5,868,945
Capital and reserves |  |  |
Called up share capital | 9 | 75 | 75
Capital redemption reserve |  | (316,550) | (316,550)
Revaluation reserve |  | 4,636,820 | 4,636,820
Retained earnings |  | 2,600,880 | 1,548,600
Shareholders' funds |  | 6,921,225 | 5,868,945

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:

......................................... Christopher McCausland Company secretary and director

McCauslands Airport Garage Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
33-35 Grosvenor Road
Belfast
BT12 4GR
Northern Ireland

The presentation currency is £ Sterling and the level of rounding is to the nearest £.

These financial statements were authorised for issue by the Board on 14 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 .The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 .

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Departure from requirements of FRS 102

The company has taken advantage of the exemption under FRS 102.1.12 from preparing a cash flow statement in these individual financial statements. This is because the company is a qualifying subsidiary of McCausland Group Limited, whose consolidated financial statements include a cash flow statement and are publicly available.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The Financial statements include corresponding figures for the prior year. These corresponding
figures are unaudited..

The name of the Senior Statutory Auditor who signed the audit report on 14 October 2025 was Brian Stewart, who signed for and on behalf of RBCA Limited.

.........................................

McCauslands Airport Garage Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

McCauslands Airport Garage Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Asset class | Depreciation method and rate
Freehold property | 1% straight line
Plant & machinery | 10%- 50% reducing balance
Fixtures & fittings | 10% - 50% reducing balance
Motor vehicles | 10%- 50% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Software costs | 4-10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

McCauslands Airport Garage Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

McCauslands Airport Garage Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 78 (2024 - 70).

4 | Intangible assets

| Software Enhancement | Software Cost | Total £
Cost or valuation
At 1 July 2024 | 4,200 | 368,737 | 372,937
At 30 June 2025 | 4,200 | 368,737 | 372,937
Amortisation
At 1 July 2024 | 1,050 | 36,874 | 37,924
Amortisation charge | 1,050 | 36,873 | 37,923
At 30 June 2025 | 2,100 | 73,747 | 75,847
Carrying amount
At 30 June 2025 | 2,100 | 294,990 | 297,090
At 30 June 2024 | 3,150 | 331,863 | 335,013

McCauslands Airport Garage Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 6,513,909 | 533,355 | 646,074 | 312,145 | 8,005,483
Additions | 2,956,227 | 30,328 | 95,366 | 126,569 | 3,208,490
Disposals | - | - | - | (78,679) | (78,679)
At 30 June 2025 | 9,470,136 | 563,683 | 741,440 | 360,035 | 11,135,294
Depreciation
At 1 July 2024 | 63,742 | 505,341 | 547,971 | 213,594 | 1,330,648
Charge for the year | 16,180 | 18,604 | 52,339 | 34,362 | 121,485
Eliminated on disposal | - | - | - | (78,725) | (78,725)
At 30 June 2025 | 79,922 | 523,945 | 600,310 | 169,231 | 1,373,408
Carrying amount
At 30 June 2025 | 9,390,214 | 39,738 | 141,130 | 190,804 | 9,761,886
At 30 June 2024 | 6,450,169 | 28,013 | 98,103 | 98,551 | 6,674,836

Included within the net book value of land and buildings above is £9,390,214 (2024 - £6,450,169) in respect of freehold land and buildings.

McCauslands Airport Garage Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 17,594 | 14,944

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 62,246 | 62,921
Amounts owed by related parties | 11 | 450,000 | -
Prepayments |  | 37,850 | 21,332
Other debtors |  | 11,425 | 53,067
|  | 561,521 | 137,320

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 268,620 | -
Trade creditors |  | 51,974 | 56,941
Taxation and social security |  | 538,545 | 553,371
Accruals and deferred income |  | 40,160 | -
Other creditors |  | 1,137,059 | 889,732
|  | 2,036,358 | 1,500,044

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 1,891,458 | 561,015
Other non-current financial liabilities |  | - | 520
|  | 1,891,458 | 561,535

McCauslands Airport Garage Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £75 each | 1 | 75 | 1 | 75

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,368,976 | 512,380
Hire purchase contracts | 522,482 | 48,635
| 1,891,458 | 561,015

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 186,494 | -
Hire purchase contracts | 82,126 | -
| 268,620 | -

11 | Related party transactions

The Company has taken advantage of the exemption in Section 33.1A of FRS 102 from disclosing transactions with entities that are wholly owned within the same group. This exemption applies as the Company is a wholly owned subsidiary of McCausland Group Limited, and its results are included in the consolidated financial statements of the parent, which are publicly available.

12 | Relationship between entity and parents

The parent of the largest group in which these financial statements are consolidated is McCausland Group Limited, incorporated in United Kingdom.

During the year, a group restructuring was carried out, resulting in McCausland Group Limited becoming the new parent company of the group. Following this restructure, Mr. Christopher McCausland is considered the ultimate controlling party.