Propiteer North Sound Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI642166

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		100		100

			100		100
CURRENT ASSETS
Debtors	5	7,457,427		7,457,427
Cash at bank and in hand		125		153

		7,457,552		7,457,580
Creditors: Amounts Falling Due Within One Year	6	(3,768,478 )		(3,768,478 )

NET CURRENT ASSETS (LIABILITIES)			3,689,074		3,689,102

TOTAL ASSETS LESS CURRENT LIABILITIES			3,689,174		3,689,202

Creditors: Amounts Falling Due After More Than One Year	7		(1,253,814 )		(4,943,814 )

NET ASSETS/(LIABILITIES)			2,435,360		(1,254,612 )

CAPITAL AND RESERVES
Called up share capital	8		3,690,100		100
Profit and Loss Account			(1,254,740 )		(1,254,712 )

SHAREHOLDERS' FUNDS			2,435,360		(1,254,612)

Page 1

Page 2

Propiteer North Sound Limited

Balance Sheet (continued)

As At 26 June 2025

For the year ending 26 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

C Sandy

Director

16 June 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Propiteer North Sound Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI642166 . The registered office is 32 Lodge Road, Coleraine, BT52 1NB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 28 June 2024	100

As at 26 June 2025	100

Provision
As at 28 June 2024	-

As at 26 June 2025	-

Net Book Value
As at 26 June 2025	100

As at 28 June 2024	100

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	7,457,407	7,457,407
Other debtors	20	20

	7,457,427	7,457,427

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	4,970	4,970
Other creditors	3,763,508	3,763,508

	3,768,478	3,768,478

Page 3

Page 4

Propiteer North Sound Limited

Notes to the Financial Statements (continued)

For The Year Ended 26 June 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	1,253,814	1,253,814
Other creditors	-	3,690,000

	1,253,814	4,943,814

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3,690,100	100