Registration number: NI667809

Top Stewartstown Road Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 11

Top Stewartstown Road Limited

Company Information

Director

Mrs Sinead Farrell

Registered office

Unit 3 Centra 140 Stewartstown Road Belfast BT11 9NB

Bankers

Ulster Bank Andersonstown

Accountants

SP McKeown & Co Ltd Chartered Certified Accountants, Registered Auditors and Tax Advisors5 Lower Catherine Street Newry Co Down BT35 6BE

Top Stewartstown Road Limited

(Registration number: NI667809)
Balance Sheet as at 31 January 2026

	Note	2026 £	2024 £
Fixed assets
Tangible assets	4	202,263	254,085
Current assets
Stocks	5	204,746	335,340
Debtors	6	335,434	369,766
Cash at bank and in hand		247,776	174,408
		787,956	879,514
Creditors: Amounts falling due within one year	7	(445,498)	(613,230)
Net current assets		342,458	266,284
Total assets less current liabilities		544,721	520,369
Creditors: Amounts falling due after more than one year	7	(133,878)	(153,284)
Provisions for liabilities		(25,834)	(31,918)
Net assets		385,009	335,167
Capital and reserves
Called up share capital	8	1	1
Retained earnings		385,008	335,166
Shareholders' funds		385,009	335,167

For the financial period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 June 2026
 

......................................... Mrs Sinead Farrell Director

Top Stewartstown Road Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
Unit 3 Centra
140 Stewartstown Road
Belfast
BT11 9NB

These financial statements were authorised for issue by the director on 23 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Top Stewartstown Road Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% reducing balance
Fixtures & Fittings	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Top Stewartstown Road Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 38 (2024 - 36).

Top Stewartstown Road Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	282,894	188,465	471,359
Additions	4,123	-	4,123
At 31 January 2026	287,017	188,465	475,482
Depreciation
At 1 January 2025	125,390	91,884	217,274
Charge for the period	35,019	20,926	55,945
At 31 January 2026	160,409	112,810	273,219
Carrying amount
At 31 January 2026	126,608	75,655	202,263
At 31 December 2024	157,504	96,581	254,085

5

Stocks

	2026 £	2024 £
Other inventories	204,746	335,340

6

Debtors

Current	Note	2026 £	2024 £
Amounts owed by related parties	11	289,957	350,668
Prepayments		5,368	7,702
Other debtors		40,109	11,396
		335,434	369,766

7

Creditors

Creditors: amounts falling due within one year

Top Stewartstown Road Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

	Note	2026 £	2024 £
Due within one year
Loans and borrowings	9	20,955	19,963
Trade creditors		241,335	293,805
Taxation and social security		109,757	133,169
Accruals and deferred income		(13,639)	73,680
Other creditors		87,090	92,613
		445,498	613,230

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £20,954.95 (2024 - £19,962.70). The following charges have been registered against the loans of the company. National Westminster Bank (Trading as Ulster Bank). Contains fixed charge. Contains floating charge. Floating charge covers all the property or undertaking of the company. Contains negative pledge.

Creditors: amounts falling due after more than one year

	Note	2026 £	2024 £
Due after one year
Loans and borrowings	9	133,878	153,284

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £133,878.33 (2024 - £153,283.90). The following charges have been registered against the loans of the company. National Westminster Bank (Trading as Ulster Bank). Contains fixed charge. Contains floating charge. Floating charge covers all the property or undertaking of the company. Contains negative pledge.

8	Share capital

Allotted, called up and fully paid shares

	2026		2024
	No.	£	No.	£
Ordinary Share of £0.01 each	100	1	100	1

Top Stewartstown Road Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2024 £
Bank borrowings	133,878	153,284

Current loans and borrowings

	2026 £	2024 £
Bank borrowings	20,955	19,963

10

Dividends

Interim dividends paid

		2026 £		2024 £
Interim dividend of £3,700,000.00 per each Ordinary Share		37,000		37,000

11	Related party transactions

Top Stewartstown Road Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

Director's remuneration

The director's remuneration for the period was as follows:

	2026 £	2024 £
Remuneration	13,535	12,793

In respect of the highest paid director:

	2026 £	2024 £
Remuneration	13,776	12,793

Dividends paid to the director

		2026 £		2024 £
Mrs Sinead Farrell
Dividend issued at 31 January 2026		37,000		37,000

Loans to related parties

2026	Other related parties £	Total £
At start of period	350,668	350,668
Advanced	(638,232)	(638,232)
Repaid	577,521	577,521
At end of period	289,957	289,957

2024	Other related parties £	Total £
At start of period	(73,896)	(73,896)
Advanced	(741,776)	(741,776)
Repaid	1,166,340	1,166,340
At end of period	350,668	350,668

Loans from related parties

2026	Other related parties £	Total £
At start of period	22,425	22,425
Repaid	(3,646)	(3,646)
At end of period	18,779	18,779

Top Stewartstown Road Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 January 2026

2024	Other related parties £	Total £
At start of period	207,000	207,000
Repaid	(184,575)	(184,575)
At end of period	22,425	22,425

Terms of loans from related parties

All loans are repayable on demand.

12	Off-balance sheet arrangements

Charges
The following charges have been registered against the company. Musgrave Retail Partners NI Limited. All that and those lands and premises situate at and known as the centra store and petrol filling station at 142 stewartstown road, belfast held by the borrower under and as more patricularly described in the lease. Contains fixed charge. Contains floating charge. Floating charge covers all the property or undertaking of the compnay. Contains negative pledge.

National Westminster Bank PLC (Trading as Ulster Bank). Contains fixed charge. Contains floating charge. Floating charge covers all the property or undertaking of the company. Contains negative pledge.