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REGISTERED NUMBER: NI650233 (Northern Ireland)

Financial Statements for the Year Ended 31 May 2025

for

Air-Tastic Craigavon Ltd

Air-Tastic Craigavon Ltd (Registered number: NI650233)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Air-Tastic Craigavon Ltd

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | M Simpson

| Mrs A Simpson

| H Moore

| REGISTERED OFFICE: | 9 Castlewellan Road

| Rathfriland

| Co. Down

| BT34 5LY

| REGISTERED NUMBER: | NI650233 (Northern Ireland)

| AUDITORS: | Farrell & Farrell

| 35 Main St

| Hilltown

| Newry

| Co. Down

| BT34 5UJ

Air-Tastic Craigavon Ltd (Registered number: NI650233)

Abridged Balance Sheet

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 211,097 |  | 240,844 |  |

CURRENT ASSETS

Stocks | 29,826 |  | 25,766 |  |

Debtors | 1,282,963 |  | 665,598 |  |

Cash at bank and in hand | 78,224 |  | 71,156 |  |

1,391,013 |  | 762,520 |  |

CREDITORS

Amounts falling due within one year | 1,258,910 |  | 753,241 |  |

NET CURRENT ASSETS | 132,103 |  | 9,279 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 343,200 |  | 250,123 |  |

CREDITORS

Amounts falling due after more than one year | (44,785 | ) | (73,716 | ) |

PROVISIONS FOR LIABILITIES | (20,588 | ) | (23,057 | ) |

NET ASSETS | 277,827 |  | 153,350 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 100 |  | 100 |  |

Retained earnings | 7 | 277,727 |  | 153,250 |  |

SHAREHOLDERS' FUNDS | 277,827 |  | 153,350 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mrs A Simpson - Director

M Simpson - Director

Air-Tastic Craigavon Ltd (Registered number: NI650233)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Air-Tastic Craigavon Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance, 20% on reducing balance and Straight line over 15 years

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2024 - 27 ) .

Air-Tastic Craigavon Ltd (Registered number: NI650233)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 June 2024 | 563,144 |  |

| Additions | 8,870 |  |

| At 31 May 2025 | 572,014 |  |

| DEPRECIATION

| At 1 June 2024 | 322,300 |  |

| Charge for year | 38,617 |  |

| At 31 May 2025 | 360,917 |  |

| NET BOOK VALUE

| At 31 May 2025 | 211,097 |  |

| At 31 May 2024 | 240,844 |  |

5. | SECURED DEBTS

| Air-Tastic Craigavon Ltd has cross guaranteed other inter-company loans. There are fixed and floating charges over the company.

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

7. | RESERVES

| Retained

| earnings

£ |

| At 1 June 2024 | 153,250 |  |

| Profit for the year | 124,477 |  |

| At 31 May 2025 | 277,727 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Jayme Farrell (Senior Statutory Auditor)

| for and on behalf of Farrell & Farrell

9. | OPERATING LEASE COMMITMENTS

| The company has total future operating lease commitments of £1,272,315.

Air-Tastic Craigavon Ltd (Registered number: NI650233)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is Air-Tastic Ltd.

| The ultimate controlling party is Funky Monkeys Playcentres Ltd.