BrightAccountsProduction v1.0.0 v1.0.0 2025-01-01 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 letting out of commercial and residential property during the year. These properties are situated at the playing fields and Church Street, Ballygawley. The company, which is limited by guarantee, is a not for profit organisation. 3 April 2026 0 0 NI037171 2025-12-31 NI037171 2024-12-31 NI037171 2023-12-31 NI037171 2025-01-01 2025-12-31 NI037171 2024-01-01 2024-12-31 NI037171 uk-bus:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 NI037171 uk-curr:PoundSterling 2025-01-01 2025-12-31 NI037171 uk-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 NI037171 uk-bus:FullAccounts 2025-01-01 2025-12-31 NI037171 uk-bus:Director1 2025-01-01 2025-12-31 NI037171 uk-bus:Director2 2025-01-01 2025-12-31 NI037171 uk-bus:Director3 2025-01-01 2025-12-31 NI037171 uk-bus:Director4 2025-01-01 2025-12-31 NI037171 uk-bus:Director5 2025-01-01 2025-12-31 NI037171 uk-bus:Director6 2025-01-01 2025-12-31 NI037171 uk-bus:Director7 2025-01-01 2025-12-31 NI037171 uk-bus:CompanySecretary1 2025-01-01 2025-12-31 NI037171 uk-bus:RegisteredOffice 2025-01-01 2025-12-31 NI037171 uk-bus:Agent1 2025-01-01 2025-12-31 NI037171 uk-core:RetainedEarningsAccumulatedLosses 2025-12-31 NI037171 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI037171 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-12-31 NI037171 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI037171 uk-bus:FRS102 2025-01-01 2025-12-31 NI037171 uk-core:LandBuildings 2025-01-01 2025-12-31 NI037171 uk-core:FurnitureFittingsToolsEquipment 2025-01-01 2025-12-31 NI037171 uk-core:CurrentFinancialInstruments 2025-12-31 NI037171 uk-core:CurrentFinancialInstruments 2024-12-31 NI037171 uk-core:WithinOneYear 2025-12-31 NI037171 uk-core:WithinOneYear 2024-12-31 NI037171 2025-01-01 2025-12-31 NI037171 uk-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI037171

Ballygawley Area Development Association Limited

(A company limited by guarantee, not having a share capital)

Unaudited Financial Statements

for the financial year ended 31 December 2025

Ballygawley Area Development Association Limited

(A company limited by guarantee, not having a share capital)

DIRECTORS AND OTHER INFORMATION

Directors | Mr Paul M Hamill
| Isobel Coote
| Mr Peter A McGonnell
| Mr Barry Keys
| Mrs Una Brigid McKenna
| Mrs Sharon Margaret McAleer
| Mr James Tallon (Resigned 9 April 2025)
Company Secretary | Maureen T McKeever
Company Registration Number | NI037171
Registered Office and Business Address | 12A Church Street
| Ballygawley
| Tyrone
| BT70 2JW
| Northern Ireland
Accountants | Cooper Irvine Ltd
| Chartered Accountants
| 103 Main Street
| Fivemiletown
| Co Tyrone
| BT75 0PG
| Northern Ireland
Bankers | Danske Bank Ltd
| 62 Bow Street
| Lisburn
| Co Antrim
Solicitors | John Hoy, Son & Murphy
| William Street
| Dungannon
| BT70 1DX

Ballygawley Area Development Association Limited

(A company limited by guarantee, not having a share capital)

Company Registration Number: NI037171

STATEMENT OF FINANCIAL POSITION

as at 31 December 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Non-Current Assets

Property, plant and equipment |  | 4 | 825,806 |  | 825,848
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 5 | 6,806 |  | 1,250
Cash and cash equivalents |  |  | 138,816 |  | 143,741
|  |  | ───────── |  | ─────────
|  |  | 145,622 |  | 144,991
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 6 | (33,028) |  | (33,173)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 112,594 |  | 111,818
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 938,400 |  | 937,666
Government grants |  | 7 | - |  | (27,064)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 938,400 |  | 910,602
|  |  | ═════════ |  | ═════════
Reserves

Retained surplus |  |  | 938,400 |  | 910,602
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 938,400 |  | 910,602
|  |  | ═════════ |  | ═════════
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).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 December 2025 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 3 April 2026 and signed on its behalf by

________________________________ |  |  | ________________________________
Mr Paul M Hamill |  |  | Isobel Coote
Director |  |  | Director

Ballygawley Area Development Association Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2025

1. | General Information
| Ballygawley Area Development Association Limited is a company limited by guarantee incorporated in Northern Ireland. 12A Church Street, Ballygawley, Tyrone, BT70 2JW, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. 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 2025 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.
| Turnover
| Turnover represents the total invoice value, excluding value added tax, of rental income made during the year.
| Property, plant and equipment and depreciation
| Property, plant and equipment 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 property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
|  | Land and Buildings Freehold | - | 1% Straight line
|  | Fixtures, fittings and equipment | - | 25% Straight Line
| 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.
| Investment properties
| Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
| 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.
| 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
| 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 Statement of Financial Position date.
| Government grants
| Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually as set out by the terms of the grant over 25 years. Revenue grants are credited to the Income Statement when received.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 0.00|0, (2024 - 0).

4. | Property, plant and equipment
|  | Land and | Investment | Fixtures, | Total
|  | Buildings | properties | fittings and |
|  | Freehold |  | equipment |
|  | £ | £ | £ | £
| Cost or Valuation
| At 1 January 2025 | 2,100 | 824,000 | 10,786 | 836,886
|  | ───────── | ───────── | ───────── | ─────────
| At 31 December 2025 | 2,100 | 824,000 | 10,786 | 836,886
|  | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2025 | 252 | - | 10,786 | 11,038
| Charge for the financial year | 42 | - | - | 42
|  | ───────── | ───────── | ───────── | ─────────
| At 31 December 2025 | 294 | - | 10,786 | 11,080
|  | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2025 | 1,806 | 824,000 | - | 825,806
|  | ═════════ | ═════════ | ═════════ | ═════════
| At 31 December 2024 | 1,848 | 824,000 | - | 825,848
|  | ═════════ | ═════════ | ═════════ | ═════════

5. | Debtors | 2025 | 2024
|  | £ | £
| Trade debtors | 6,422 | 1,250
| Prepayments and accrued income | 384 | -
|  | ───────── | ─────────
|  | 6,806 | 1,250
|  | ═════════ | ═════════

6. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Payments received on account | 1,573 | 1,510
| Trade creditors | 1,125 | 1,209
| Taxation | 659 | 2,375
| Other creditors | 1,812 | 220
| Accruals and deferred income | 27,859 | 27,859
|  | ───────── | ─────────
|  | 33,028 | 33,173
|  | ═════════ | ═════════

7. | Government Grants Deferred | 2025 | 2024
|  | £ | £
| Capital grants received and receivable
| At 1 January 2025 | 297,754 | 297,754
|  | ───────── | ─────────
| Amortisation
| At 1 January 2025 | (270,690) | (243,621)
| Amortised in financial year | (27,064) | (27,069)
|  | ───────── | ─────────
| At 31 December 2025 | (297,754) | (270,690)
|  | ───────── | ─────────
| Net book value
| At 31 December 2025 | - | 27,064
|  | ═════════ | ═════════
| At 1 January 2025 | 27,064 | 54,133
|  | ═════════ | ═════════