C J H Montgomery00130 September 202525.0025.001001 October 20240Louise KellyThis reserve includes all current and prior period retained profits and losses.2104000526000203174442202732202732251566627856662515666278566645680293324213127977963253347915314102437923364022856273221210833311280969327000027000080123919080122086718323673000067300006730000673000067300006730000673000067300006730000673000011663480493137551063211351180493454044321976Critical judgements in applying the Company's accounting policies In preparing these financial statements, the Director has made the following judgement: Establishing fair value of investment properties Assessing indicators of impairment Enter details Enter details Enter details Enter details Enter details Enter details Enter detailsTurnover which is stated net of value added tax is recognised when and to the extent that, the company obtains the right to consideration in exchange for its performance.Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Where they relate to timing differences in respect of interests in subsidiaries, joint ventures and associated undertaking and the group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item recognised in other comprehensive income or directly in equity. In this case, the tax is recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.Tax is recognised in profit or loss except that a charge attributable to an item recognised in other comprehensive income or directly in equity. In this case, the tax is recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet. The interest elements of the rental obligations are charged in the profit and loss account over the years of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.Cash and cash equivalents include cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours, other highly liquid investments that mature in no more than three months from the date of acquisition and bank overdrafts. Bank overdrafts, where applicable, are shown within 'Creditors: amounts due within one year'.Certain of the company’s properties are held for long-term investment. Investment properties are initially measured at cost, comprising the purchase price and any directly attributable expenditure, and are subsequently remeasured to fair value at each reporting date with changes in fair value recognised in profit or loss.The Company's functional and presentational currency is the Pound Sterling. All balances presented are rounded to the nearest £1.The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.The principal Activity of the Company is the rental of commerical property.50002130342213534233741033741033741050001792932179793224148324148324148324148350001551449155644929 June 2026The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A- Small Entities.2135342179793220317319095148541814774549187581919554512692210136876226841981329572673000067300004540443219761172771281215713214500978789275903659213526000659213526000Belfast29 June 2026Grant Thornton (NI) LLPIn response to these principal risks, our audit procedures included but were not limited to: inquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud;inspection of the company's regulatory and legal correspondence and review of minutes of the board of directors’ meetings during the year to corroborate inquiries made; gaining an understanding of the internal controls established to mitigate risk related to fraud;discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit;identifying and testing journal entries to address the risk of inappropriate journals and management override of controls;designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing;challenging assumptions and judgements made by management in their significant accounting estimates, including estimating useful lives of tangible fixed assets, carrying value of stock and useful lives of depreciable assets; andreview of the financial statement disclosures to underlying supporting documentation and inquiries of management. The objectives of an auditor are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes their opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of an auditor's responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below: Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to compliance with Data Privacy law, Employment Law, Environmental Regulations, and Health and Safety laws, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Companies Act 2006 and UK tax legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions. We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statement.Management is responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS102 and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Company's financial reporting process.We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; orthe financial statements are not in agreement with the accounting records and returns; orcertain disclosures of directors' remuneration specified by Jaw are not made; orwe have not received all the information and explanations we require for our audit; orthe directors were not entitled to take advantage of the small companies' exemptions from the requirement to prepare a strategic report or in preparing the directors' report. Director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's.Other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' report thereon, including the Directors' report. The directors are responsible for the other information. Our opinion on the financial statements does not cover the information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.We conducted our audit in accordance with International Standards on Auditing (UK) ('ISAs (UK)') and applicable law. Our responsibilities under those standards are further described in the 'Responsibilities of the auditor for the audit of the financial statements' section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, namely the FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances of the entity. We have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of the financial position of the Company as at 30 September 2025 and of its financial performance for the year then ended; andhave been prepared in accordance with the requirements of the Companies Act 2006.We have audited the financial statements of Ballycraigy UK Properties Limited, which comprise the Balance Sheet, Statement of Changes in Equity, for the financial year ended 30 September 2025, and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of lreland' (United Kingdom Generally Accepted Accounting Practice).Carson McDowell LLPSantander UK PLCC/O Commercial Vehicle Auctions LimitedCarr HillDoncasterDN4 8DE08808188J A Darragh30 September 2025Report and Financial StatementsBallycraigy UK PropertiesFinancials UK FRS 1022026.7.0+87708337410 08808188 core:OwnedOrFreeholdAssets core:LandBuildings 2025-09-30 08808188 bus:Audited 2024-10-01 2025-09-30 08808188 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 08808188 core:RetainedEarningsAccumulatedLosses 2025-09-30 08808188 core:RetainedEarningsAccumulatedLosses 2024-09-30 08808188 bus:Agent1 2024-10-01 2025-09-30 08808188 core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 08808188 core:ShareCapital 2024-09-30 08808188 core:RetainedEarningsAccumulatedLosses 2023-10-01 08808188 bus:Director1 2024-10-01 2025-09-30 08808188 core:ShareCapital 2025-09-30 08808188 core:PreviouslyStatedAmount 2024-09-30 08808188 core:CurrentFinancialInstruments 2025-09-30 08808188 bus:RegisteredOffice 2024-10-01 2025-09-30 08808188 core:ShareCapital 2023-10-01 08808188 bus:FullAccounts 2024-10-01 2025-09-30 08808188 curr:PoundSterling 2024-10-01 2025-09-30 08808188 core:Non-currentFinancialInstruments 2024-09-30 08808188 bus:CompanySecretary1 2024-10-01 2025-09-30 08808188 2024-10-01 08808188 core:CurrentFinancialInstruments 2024-09-30 08808188 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 08808188 core:Non-currentFinancialInstruments 2025-09-30 08808188 bus:FRS102 2024-10-01 2025-09-30 08808188 core:OwnedOrFreeholdAssets core:LandBuildings 2024-09-30 08808188 core:OwnedOrFreeholdAssets core:LandBuildings core:PreviouslyStatedAmount 2024-09-30 08808188 2024-09-30 08808188 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 08808188 2025-09-30 08808188 2023-10-01 2024-09-30 08808188 2024-10-01 2025-09-30 08808188 2023-10-01 xbrli:pure xbrli:pure iso4217:GBP iso4217:GBP

Registered number: 08808188

Ballycraigy UK Properties Limited

​​​​​

Report and Financial Statements

For The Year Ended 30 September 2025

Ballycraigy UK Properties

Company information2
Audit report3
Profit and loss account9
Balance sheet10
Statement of changes in equity12
Notes to the financial statements13

Company information

​Director

C J H Montgomery

Company​​ secretary

J A Darragh​

Registered number

08808188​

Registered office

​​C/O Commercial Vehicle Auctions Limited​
Carr Hill​​
Doncaster​​
DN4 8DE​

​Independent auditors

Grant Thornton (NI) LLP

​Chartered Accountants & Statutory Auditors​​
12-15 Donegall Square West​
Belfast​​
BT16JH​

Bankers

Santander UK PLC​
Bootle​​
Merseyside​​
L30 4BG​
​

Solicitor

Carson McDowell LLP​
Murray House​
4 Murray Street ​​
Belfast​​
BT1 6DN​​

2

Ballycraigy UK Properties

Independent auditors' report to the shareholders of Ballycraigy UK Properties

Opinion

We have audited the financial statements of Ballycraigy UK Properties Limited, which comprise the Balance Sheet, Statement of Changes in Equity, for the financial year ended 30 September 2025, and the related notes to the financial statements, including a summary of significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of lreland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, Ballycraigy UK Properties Limited Limited's financial statements:

•

give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of the financial position of the Company as at 30 September 2025 and of its financial performance for the year then ended; and

•

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) ('ISAs (UK)') and applicable law. Our responsibilities under those standards are further described in the 'Responsibilities of the auditor for the audit of the financial statements' section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, namely the FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances of the entity. We have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

3

Ballycraigy UK Properties

Independent auditors' report to the shareholders of Ballycraigy UK Properties

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities, and the responsibilities of the directors, with respect to going concern are described in the relevant sections of this report.

Other information

Other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' report thereon, including the Directors' report. The directors are responsible for the other information. Our opinion on the financial statements does not cover the information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements, and
• the Directors' report has been prepared in accordance with applicable legal requirements.

4

Ballycraigy UK Properties

Independent auditors' report to the shareholders of Ballycraigy UK Properties

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment we have obtained in the course of the audit, we have not identified material misstatements in the Director's report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

•adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•the financial statements are not in agreement with the accounting records and returns; or
•certain disclosures of directors' remuneration specified by Jaw are not made; or
•we have not received all the information and explanations we require for our audit; or
•the directors were not entitled to take advantage of the small companies' exemptions from the requirement to prepare a strategic report or in preparing the directors' report.

Responsibilities of management and those charged with governance for the financial statements

Management is responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS102 and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Company's financial reporting process.

5

Ballycraigy UK Properties

Independent auditors' report to the shareholders of Ballycraigy UK Properties

Responsibilities of the auditor for the audit of the financial statements

The objectives of an auditor are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes their opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of an auditor's responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK).

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

6

Ballycraigy UK Properties

Independent auditors' report to the shareholders of Ballycraigy UK Properties

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to compliance with Data Privacy law, Employment Law, Environmental Regulations, and Health and Safety laws, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Companies Act 2006 and UK tax legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions. We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statement.

In response to these principal risks, our audit procedures included but were not limited to:

•inquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud;
•inspection of the company's regulatory and legal correspondence and review of minutes of the board of directors’ meetings during the year to corroborate inquiries made;
• gaining an understanding of the internal controls established to mitigate risk related to fraud;
•discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit;
•identifying and testing journal entries to address the risk of inappropriate journals and management override of controls;
•designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing;
•challenging assumptions and judgements made by management in their significant accounting estimates, including estimating useful lives of tangible fixed assets, carrying value of stock and useful lives of depreciable assets; and
•review of the financial statement disclosures to underlying supporting documentation and inquiries of management.

7

Ballycraigy UK Properties

Independent auditors' report to the shareholders of Ballycraigy UK Properties

The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.

The purpose of our audit work and to whom we owe our responsibilities

This report is made solely to the Company's members, as a body, in accordance with chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Louise Kelly​ (Senior statutory auditor)

For and on behalf of
Grant Thornton (NI) LLP ​

Chartered Accountants and Statutory Auditor 

Belfast

Date: 29 June 2026

12-15 Donegall Square West

​Belfast

BT16JH

8

Ballycraigy UK Properties

Profit and loss account

for the year ended 30 September 2025

2025
£
2024
£
Turnover
659,213
526,000
Administrative expenses
(87,892)
(75,903)
Operating Profit
571,321
450,097
Other interest receivable and similar income
(117,277)
(128,121)
Profit before tax
454,044
321,976
Tax on Profit
 7
(116,634)
(80,493)
Profit for the financial year
337,410
241,483

The notes on [Enter page No.] to [Enter page No.] form part of these financial statements.

9

Ballycraigy UK Properties

Registered number: 08808188​

Balance sheet​

as at 30 September 2025

Note
2025
£
2024
£
Fixed assets
Tangible fixed assets
 8
6,730,000
6,730,000
 
6,730,000
6,730,000
Current assets
Debtors: amounts falling due within one year
 9
8,012
39,190
Cash at bank and in hand
2,684,198
1,329,572
 
2,692,210
1,368,762
Creditors: amounts falling due within one year
 10
(4,568,029)
(3,324,213)
Net current liabilities
(1,875,819)
(1,955,451)
Total assets less current liabilities
4,854,181
4,774,549
Creditors: amounts falling due after more than one year
 11
(2,515,666)
(2,785,666)
 
2,338,515
1,988,883
Provisions for liabilities
Deferred taxation
 13
(203,173)
(190,951)
Net assets
2,135,342
1,797,932
Capital and reserves
Called up share capital
 14
5,000
5,000
Profit and loss account
 16
2,130,342
1,792,932
Total capital and reserves
2,135,342
1,797,932

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A- Small Entities.

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

The Company has opted not to file the Single statement of comprehensive income in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf:

10

Ballycraigy UK Properties

Registered number: 08808188​

Balance sheet​

as at 30 September 2025

​​C J H Montgomery​​
Director​​​

Date: 29 June 2026 

The notes on pages 12 to 22 form part of these financial statements.

11

Ballycraigy UK Properties

Statement of changes in equity
For The Year​ Ended 30 September 2025​

Called up share capital
£
Profit and loss account
£
Total
£
At 1 October 2023 
5,000
1,551,449
1,556,449
Profit for the year
-
241,483
241,483
At 1 October 2024
5,000
1,792,932
1,797,932
Profit for the year
-
337,410
337,410
At 30 September 2025
5,000
2,130,342
2,135,342

The notes on pages 12 to 22 form part of these financial statements.

12

Ballycraigy UK Properties

1. General information

Ballycraigy UK Properties is a private company limited by shares and is incorporated in England & Wales. The address of its registered office is C/O Commercial Vehicle Auctions Limited​, Doncaster​, DN4 8DE.

The principal Activity of the Company is the rental of commerical property.

2. Accounting policies

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

a. Basis of preparation of financial statements

The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of ​Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's​ accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 3.

The Company's functional and presentational currency is the Pound Sterling. All balances presented are rounded to the nearest £1.

13

Ballycraigy UK Properties

2. Accounting policies continued
b. Disclosure exemptions for qualifying entities under FRS 102

The Company has taken advantage of the following disclosure exemptions in preparing its ​​​​financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

•the requirements ofSection 7 Statement of Cash Flows and paragraph 3.17(d).
•the requirements of section 11 Basic Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b), 11.48(c), 12.26, 12.27, 12.29(a), 12.29(b) and 12.29Aas equivalent information is included in the consolidated financial statements of the group in which the Company is consolidated.
•the requirements of section 26 paragraphs 26.18(b), 26.19 to 26.21 and 26.23 as the Company is a subsidiary and the share-based payment arrangement concerns equity instruments of another group entity.​​​
•the requirement of section 33 Related Party Disclosures paragraph 33.7.
•the requirement of paragraph 24(b) of IFRS 6 Exploration for and Evaluation of Mineral Resources to disclose the operating and investing cash flows arising from the exploration for and evaluation of mineral resources (when applying this standard in accordance with paragraph 34.11 of FRS 102).

The information is included in the consolidated financial statements of Ballyvesey Industries Limited as at 30 September 2025 and these financial statements may be obtained from [Enter location].

c. Investment property

Certain of the company’s properties are held for long-term investment. Investment properties are initially measured at cost, comprising the purchase price and any directly attributable expenditure, and are subsequently remeasured to fair value at each reporting date with changes in fair value recognised in profit or loss.

d. 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.

14

Ballycraigy UK Properties

2. Accounting policies continued
e. 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.

f. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours, other highly liquid investments that mature in no more than three months from the date of acquisition and bank overdrafts. Bank overdrafts, where applicable, are shown within 'Creditors: amounts due within one year'.

g. Leasing and hire purchase commitments

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. 

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet. 

The interest elements of the rental obligations are charged in the profit and loss account over the years of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.

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Ballycraigy UK Properties

2. Accounting policies continued
h. Lessors

Where assets leased to a third party give rights approximating to ownership (finance leases), the assets ate treated if they had been sold outright. The amount removed from the fixed assets is the net book value on disposal of the asset. The profit on disposal, being the excess of the present value of the minimum leases payments over net book value is credited to profit or loss. Lease payments are analysed between capital and interest components so that the interest element of the payment is credited to profit or loss over the term of the lease and represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts owed by the lessee.

i. Taxation

Tax is recognised in profit or loss except that a charge attributable to an item recognised in other comprehensive income or directly in equity. In this case, the tax is recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company ​operates​​ and generates​​ income.

The tax expense for the year​ comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item recognised in other comprehensive income or directly in equity. In this case, the tax is recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company ​​operates​ ​and generates​​ income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

•The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
•Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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Ballycraigy UK Properties

2. Accounting policies continued
j. Turnover

Turnover which is stated net of value added tax is recognised when and to the extent that, the company obtains the right to consideration in exchange for its performance.

k. Finance income and costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3. Critical accounting judgments and key sources of estimation uncertainty

Critical judgements in applying the Company's accounting policies

In preparing these financial statements, the Director has made the following judgement:

•Establishing fair value of investment properties 
•Assessing indicators of impairment 

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Ballycraigy UK Properties

3. Critical accounting judgments and key sources of estimation uncertainty continued

Key accounting estimates and assumptions

The Company​ makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, rarely equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

Establishing fair value of investment properties 

•Investment properties are initially measured at cost, comprising the purchase price and any directly attributable expenditure, and are subsequently re-measured to fair value at each reporting date with changes in fair value recognised in profit or loss. When the fair value of investment properties cannot be measured based on the price of a recent transaction for an identical asset or liability, their fair value is measured using valuation techniques and models. The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair values. Judgements include considerations of inputs such as market rent, vacancy rate, yield requirement and inflation. Changes in assumptions about these factors could effect the reported fair value of investment properties. 

Assessing indicators of impairment 

•At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss. 

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Ballycraigy UK Properties

4. Operating profit

Arrived at after charging:

2025
£
2024
£
Operating lease expense - land & buildings
30,927
31,979
Auditors' remuneration - audit services
4,740
4,710
5. Employees

The average number of persons, including the director, employed by the company during the year was 1 (2024: 1). 

6. Director's

The directors received no remuneration from the company in both the current and prior years.

7. Taxation
2025
£
2024
£
Current taxtion
UK corporation tax
102,437
68,713
UK corporation tax adjustment to prior periods
13,755
-
Total current tax
116,192
68,713
Deferred tax
Origination and reversal of timing differences
442
11,780
Total deferred tax
442
11,780
Tax charge on Profit
116,634
80,493

An entity shall disclose a reconciliation between the tax expense/income included in profit or loss and the profit or loss before tax multiplied by the applicable by the applicable tax rate. (FRS 102 Section 29.27 (b))

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Ballycraigy UK Properties

7. Taxation continued

The tax assessed for the period is higher than the average rate of corporation tax in the UK of 25% (2024: lower than: 25%). The differences are explained below:

Reconciliation of tax charge
2025
£
2024
£
Profit  before tax
454,044
321,976
Profit  multiplied by the standard rate of corporation tax in the UK of 25.00% (2024 - 25.00%)
113,511
80,493
Effects of:
Chargeable losses
(10,632)
-
Adjustment to tax charge in respect of prior periods
13,755
-
Total tax charge for the year
116,634
80,493
8. Tangible fixed assets
Investment properties
£
Total
£
Cost
At 1 October 2024
6,730,000
6,730,000
At 30 September 2025
6,730,000
6,730,000
Net book value
At 30 September 2025
6,730,000
6,730,000
At 30 September 2024
6,730,000
6,730,000

Revaluation

As at 30 September 2022 the company's freehold land and buildings and properties held for investment were valued on the basis of open market for existing use and open market value respectively by independent, professionally qualified valuers, TDK Commercial Property Consultants. 

The directors believe that properties held for investment are stated at open market value at the balance sheet date.

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Ballycraigy UK Properties

9. Debtors
2025
£
2024
£
Due within one year
Amounts owed by related parties
-
18,323
Prepayments and accrued income
8,012
20,867
 
8,012
39,190
10. Creditors
2025
£
2024
£
Bank loans
270,000
270,000
Trade creditors
11,280
9,693
Amounts owed to group undertakings
-
108,333
Amounts due to related parties
4,022,856
2,732,212
Corporation tax
102,437
92,336
Other taxation and social security
33,479
15,314
Accruals and deferred income
127,977
96,325
 
4,568,029
3,324,213

As security for the bank overdraft, Danske Bank Limited hold fixed and floating charges over the company’s assets. The company is joined in an unlimited intercompany cross guarantee with fellow subsidiaries of Ballyvesey Holdings Limited.

11. Creditors
2025
£
2024
£
Bank loans
2,515,666
2,785,666

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Ballycraigy UK Properties

12. Bank loans

The maturity of the bank loan is as follows:

Amounts payable:
Note
2025
£
2024
£
Within one year
 10
270,000
270,000
In two to five years
 11
2,515,666
2,776,332
 
2,785,666
3,046,332

The bank loan facilities are secured by fixed charges on the property to which they relate.

13. Deferred taxation
2025
£
2024
£
At 1 October 2024 
202,732
190,952
Charged to profit or loss
442
11,780
At 30 September 2025
203,174
202,732

The deferred tax balance is made up as follows:

2025
£
2024
£
Accelerated capital allowances
203,174
190,952
Revaluation of property
-
11,780
 
203,174
202,732

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Ballycraigy UK Properties

14. Share capital

Authorised

2025
£
2024
£
Ordinary
shares of £1 each
5,000
5,000

Allotted, called up and fully paid shares

2025
Number
2025
2025
£
2024
Number
2024
£
Ordinary
shares of £1 each
5,000
5,000
5,000
5,000

Each ordinary share holds one voting right.

15. Commitments under operating leases as leassor

At 30 September 2025, the Company had future minimum commitments under non-cancellable operating leases as set out below:

2025
£
2024
£
Within one year
706,576
526,000
In two or five years
2,296,372
2,104,000
After five years
-
371,500
At 30 September 2025
3,002,948
3,001,500
16. Reserves

Called up share capital

This reserve represents the nominal value of shares that have been issued.

Profit and loss account

This reserve includes all current and prior period retained profits and losses.

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Ballycraigy UK Properties

17. Related party transactions

Ballycraigy UK Properties Limited is a 100% subsidiary of Ballyvesey Properties Limited. The company has taken advantage of the exemption given in FRS 102 section 33. This exemption permits non-disclosure of related party transactions of a wholly owned subsidiary company within the Ballyvesey Properties Group. 

Ballyvesey Industries Limited and its subsidiaries are related parties by virtue of common directorship. In the year, the company undertook the following transactions with these entities; sales of £659,213 (2024: sales of £526,000 . At the balance sheet date, there was a related party payable due from these entities of £Nil (2024:£18,323). There was also a related party payable due to these entities of £4,022,856 (2024: £2,732,212)

18. Parent undertaking

The company's immediate parent is Ballyvesey Properties Limited, incorporated in England.

 
The most senior parent entity producing publicly available financial statements is Ballyvesey Properties Limited. These financial statements are available upon request from Carr Hill, Doncaster, DN4 8DE.
 
The ultimate controlling parties are the Members of the Montgomery Family Trusts.
 
19. Auditors'

The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.

In the audit report, the auditors' emphasised the following matter without qualifying the report:

Provide information as per the paragraph above: 

The audit report was signed on 29 June 2026​ by Louise Kelly​ (Senior statutory auditor) on behalf of Grant Thornton (NI) LLP.

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