BrightAccountsProduction v1.0.0 v1.0.0 2024-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of an investment and rental business. 5 June 2026 2 2 NI701195 2025-09-30 NI701195 2024-09-30 NI701195 2023-09-30 NI701195 2024-10-01 2025-09-30 NI701195 2023-10-01 2024-09-30 NI701195 uk-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 NI701195 uk-curr:PoundSterling 2024-10-01 2025-09-30 NI701195 uk-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 NI701195 uk-bus:AbridgedAccounts 2024-10-01 2025-09-30 NI701195 uk-core:ShareCapital 2025-09-30 NI701195 uk-core:ShareCapital 2024-09-30 NI701195 uk-core:RetainedEarningsAccumulatedLosses 2025-09-30 NI701195 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI701195 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-09-30 NI701195 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI701195 uk-bus:FRS102 2024-10-01 2025-09-30 NI701195 uk-core:FurnitureFittingsToolsEquipment 2024-10-01 2025-09-30 NI701195 2024-10-01 2025-09-30 NI701195 uk-bus:Director1 2024-10-01 2025-09-30 NI701195 uk-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI701195

SM Property Ireland Ltd

Abridged Unaudited Financial Statements

for the financial year ended 30 September 2025

SM Property Ireland Ltd

DIRECTORS' REPORT

for the financial year ended 30 September 2025

The directors present their report and the unaudited financial statements for the financial year ended 30 September 2025.

Principal Activity

The principal activity is that of an investment and rental business.

Directors

The directors who served during the financial year are as follows:

Stephen Mills

Sean Mills

There were no changes in shareholdings between 30 September 2025 and the date of signing the financial statements.

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Stephen Mills

Director

5 June 2026

SM Property Ireland Ltd

Company Registration Number: NI701195

ABRIDGED BALANCE SHEET

as at 30 September 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 4 | 115,133 |  | 117,030
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  |  | - |  | 1,217
Cash and cash equivalents |  |  | 14,520 |  | 1,938
|  |  | ───────── |  | ─────────
|  |  | 14,520 |  | 3,155
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  |  | (5,914) |  | (5,682)
|  |  | ───────── |  | ─────────
Net Current Assets/(Liabilities) |  |  | 8,606 |  | (2,527)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 123,739 |  | 114,503
Creditors:

amounts falling due after more than one year |  |  | (124,972) |  | (125,006)
|  |  | ───────── |  | ─────────
Net Liabilities |  |  | (1,233) |  | (10,503)
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | (1,333) |  | (10,603)
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | (1,233) |  | (10,503)
|  |  | ═════════ |  | ═════════
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 Income Statement.

For the financial year ended 30 September 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 5 June 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Stephen Mills |  |  |  |  |
Director |  |  |  |  |

SM Property Ireland Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 30 September 2025

1. | General Information
| SM Property Ireland Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI701195. The registered office of the company is 9 St. Mary's Drive, Strabane, Co. Tyrone, BT82 9BQ, Northern Ireland 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 financial year ended 30 September 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.
| Income
| Turnover comprises the invoice value of rents receivable by the company, exclusive of trade discounts and value added tax.
| 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:
|  | 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 Abridged 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 Abridged 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.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| 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.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
| Taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable income 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.
| 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 Income Statement.
| 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 2.
|  | 2025 | 2024
|  | Number | Number
| Director | 2 | 2
|  | ═════════ | ═════════

4. | Tangible assets
|  | Investment | Fixtures, | Total
|  | properties | fittings and |
|  |  | equipment |
|  | £ | £ | £
| Cost
| At 1 October 2024 | 109,440 | 7,590 | 117,030
|  | ───────── | ───────── | ─────────
| At 30 September 2025 | 109,440 | 7,590 | 117,030
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 October 2024 | - | - | -
| Charge for the financial year | - | 1,897 | 1,897
|  | ───────── | ───────── | ─────────
| At 30 September 2025 | - | 1,897 | 1,897
|  | ───────── | ───────── | ─────────
| Net book value
| At 30 September 2025 | 109,440 | 5,693 | 115,133
|  | ═════════ | ═════════ | ═════════
| At 30 September 2024 | 109,440 | 7,590 | 117,030
|  | ═════════ | ═════════ | ═════════

5. | Capital commitments
| The company had no material capital commitments at the financial year-ended 30 September 2025.

6. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.