REGISTERED NUMBER: NI608977 (Northern Ireland)

Report of the Directors and

Financial Statements for the Year Ended 30 September 2025

for

Greentown Environmental Ltd

Page

Company Information

1

Report of the Directors

2

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mr John-Ross Armstrong

Mrs Tara Armstrong

REGISTERED OFFICE:

63 Marble Arch Road

Florencecourt

ENNISKILLEN

Co. Fermanagh

BT92 1DE

REGISTERED NUMBER:

NI608977 (Northern Ireland)

AUDITORS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

The directors present their report with the financial statements of the company for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the company is the provision of landscape and ground maintenance. The company specialises in Tree Surgery & Maintenance, Urban, Rural & Invasive Weed Control, Grounds/Verge Maintenance & Landscaping, Drainage Services, Winter Maintenance, and Line Marking.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2024 to the date of this report.

Mr John-Ross Armstrong

Mrs Tara Armstrong

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Gildernew & Co Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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

ON BEHALF OF THE BOARD:

Mr John-Ross Armstrong - Director

18 June 2026

FIXED ASSETS

Intangible assets

4

1,000

1,500

Tangible assets

5

3,493,246

2,931,463

3,494,246

2,932,963

CURRENT ASSETS

Stocks

6

342,667

151,017

Debtors

7

2,698,919

2,190,787

Cash at bank and in hand

1,317,578

1,587,142

4,359,164

3,928,946

CREDITORS

Amounts falling due within one year

8

2,009,504

1,492,724

NET CURRENT ASSETS

2,349,660

2,436,222

TOTAL ASSETS LESS CURRENT LIABILITIES

5,843,906

5,369,185

CREDITORS

Amounts falling due after more than one year

9

(819,687

)

(711,313

)

PROVISIONS FOR LIABILITIES

(564,320

)

(564,363

)

NET ASSETS

4,459,899

4,093,509

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,459,799

4,093,409

SHAREHOLDERS' FUNDS

4,459,899

4,093,509

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

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 18 June 2026 and were signed on its behalf by:

Mr John-Ross Armstrong - Director

Mrs Tara Armstrong - Director

1.	STATUTORY INFORMATION

Greentown Environmental 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Greentown Environmental Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Newtate Holdings Limited, 63 Marble Arch Road, Florencecourt, Co. Fermanagh.

Significant judgements and estimates

Judgements and key sources of estimation uncertainty are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There were no critical judgements used in the application of accounting policies and the preparation of the financial statements.

There were no critical accounting estimates or assumptions used in the application of accounting policies and the preparation of the financial statements.

Turnover

Turnover is the amount derived from the provision of services falling within the Company's ordinary activities, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised on completion of works to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

4% on cost and 2% on cost

Plant and machinery

-

20% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Lorries and vans

-

25% reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. Work in progress includes labour and attributable overheads.

Financial instruments

Financial assets

Basic financial assets, including trade debtors, other debtors and cash and bank balances are initially recognised at transaction price. At 30 September 2025, the group had only financial assets classified as basic financial instruments.

Financial assets are derecognised when

(a) the contractual rights to the cash flows from the asset expire or are settled, or

(b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or

(c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade creditors, other creditors and bank loans and overdrafts are initially recognised at transaction price. At 30 September 2025, the company had only financial liabilities classified as basic financial liabilities. Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash

Cash is represented by cash in hand and deposits with financial institutions.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provision for liabilities

A provision is recognised when the company has a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. The effect of time value of money is not material and therefore provisions are not discounted.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when they are paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2024 - 65 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

5,000

AMORTISATION

At 1 October 2024

3,500

Amortisation for year

500

At 30 September 2025

4,000

NET BOOK VALUE

At 30 September 2025

1,000

At 30 September 2024

1,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2024

856,072

3,521,183

227,074

Additions

628,042

447,974

31,517

Disposals

-

(233,029

)

-

At 30 September 2025

1,484,114

3,736,128

258,591

DEPRECIATION

At 1 October 2024

39,846

1,806,212

157,309

Charge for year

25,375

396,843

15,232

Eliminated on disposal

-

(140,336

)

-

At 30 September 2025

65,221

2,062,719

172,541

NET BOOK VALUE

At 30 September 2025

1,418,893

1,673,409

86,050

At 30 September 2024

816,226

1,714,971

69,765

Motor

Lorries

vehicles

and vans

Totals

£

£

£

COST

At 1 October 2024

398,272

564,240

5,566,841

Additions

99,782

-

1,207,315

Disposals

(27,150

)

-

(260,179

)

At 30 September 2025

470,904

564,240

6,513,977

DEPRECIATION

At 1 October 2024

210,812

421,199

2,635,378

Charge for year

67,205

35,760

540,415

Eliminated on disposal

(14,726

)

-

(155,062

)

At 30 September 2025

263,291

456,959

3,020,731

NET BOOK VALUE

At 30 September 2025

207,613

107,281

3,493,246

At 30 September 2024

187,460

143,041

2,931,463

6.

STOCKS

2025

2024

£

£

Work-in-progress

342,667

151,017

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,936,934

1,645,121

Amounts owed by group undertakings

107

160,286

Other debtors

252,656

195,857

Directors' current accounts

337,137

-

Social security & other taxes

-

49,371

Prepayments and accrued income

172,085

140,152

2,698,919

2,190,787

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,174

26,280

Hire purchase contracts

356,172

370,860

Trade creditors

662,781

440,385

Amounts owed to group undertakings

242,579

-

Tax

177,551

250,083

Social security and other taxes

58,813

-

VAT

136,032

62,483

Other creditors

307,302

332,540

Directors' current accounts

-

2,593

Accruals and deferred income

7,500

7,500

Deferred government grants

32,600

-

2,009,504

1,492,724

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

352,601

-

Hire purchase contracts

467,086

711,313

819,687

711,313

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

The Report of the Auditors was unqualified.

M.G. Gildernew (Senior Statutory Auditor)

for and on behalf of Gildernew & Co Ltd

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Other related party transactions

At 1 October 2024

Loan advances / (repayments

)

At 30 September 2025

£

£

£

Debtors

Related party under common influence from directors

143,012

290

143,302

Creditors

Related party under common influence from directors

-

-

-

12.	ULTIMATE CONTROLLING PARTY

Newtate Holdings Limited, a company established in Northern Ireland, holds 100% of the equity share capital in Greentown Environmental Ltd, and is the ultimate parent undertaking.

The ultimate controlling parties are the directors who control the entire equity share capital in Newtate Holdings Limited.