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Registration number: NI032474

Holywood Leisure Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Holywood Leisure Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 8

Holywood Leisure Limited

(Registration number: NI032474)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 856,347 | 861,515
Current assets |  |  |
Stocks | 5 | 10,818 | 6,963
Debtors | 6 | 15,289 | 10,562
Cash at bank and in hand |  | 86,682 | 95,410
|  | 112,789 | 112,935
Creditors: Amounts falling due within one year | 7 | (166,062) | (55,652)
Net current (liabilities)/assets |  | (53,273) | 57,283
Total assets less current liabilities |  | 803,074 | 918,798
Provisions for liabilities |  | (95,041) | (88,548)
Net assets |  | 708,033 | 830,250
Capital and reserves |  |  |
Called up share capital | 8 | 120,000 | 120,000
Retained earnings |  | 588,033 | 710,250
Shareholders' funds |  | 708,033 | 830,250

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 June 2026 and signed on its behalf by:

......................................... Mr Paul Ward Director

Holywood Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

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

The address of its registered office is:
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ
Northern Ireland

The principal place of business is:
Ards Shopping Centre
Blair Mayne Road South
Newtownards
Co. Down
BT23 4EU

These financial statements were authorised for issue by the Board on 18 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.

The presentational currency of these financial statements is sterling and amounts have been rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed a period of 12 months from the date of approving the financial statements with regard to the appropriateness of the going concern assumption in preparing the financial statements. As at the date of sign off of the financial statements the directors believe that the company will continue as a going concern and be able to realise its assets and discharge its liabilities in the normal course of business.

Holywood Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Judgements

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and of future events that are believed to be reasonable under the circumstances.

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.

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. The company assesses at each reporting date whether tangible fixed assets are impaired.

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
Land and buildings | 2% straight line
Other tangible assets | 15% reducing balance
Furniture, fittings and equipment | 25% 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.

Holywood Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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.

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.

Leases

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.

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.

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.

Holywood Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Financial instruments

Classification
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the related contracttual arrangements. An equity arrangement is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction.
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised by transaction value and subsequently measured at their settlement value.
Impairment
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cashflows, discounted at the financial asset's original effective interest rate. For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 8).

Holywood Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 1,545,231 | 106,793 | 73,621 | 1,725,645
Additions | - | - | 35,024 | 35,024
At 31 July 2025 | 1,545,231 | 106,793 | 108,645 | 1,760,669
Depreciation
At 1 August 2024 | 735,693 | 90,639 | 37,798 | 864,130
Charge for the year | 29,905 | 4,038 | 6,249 | 40,192
At 31 July 2025 | 765,598 | 94,677 | 44,047 | 904,322
Carrying amount
At 31 July 2025 | 779,633 | 12,116 | 64,598 | 856,347
At 31 July 2024 | 809,538 | 16,154 | 35,823 | 861,515

Included within the net book value of land and buildings above is £779,633 (2024 - £809,538) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 10,818 | 6,963

6 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 9 | 4,698 | -
Prepayments |  | 10,591 | 10,562
|  | 15,289 | 10,562

Holywood Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 85,000 | 1,000
Taxation and social security |  | 4,541 | 11,633
Accruals and deferred income |  | 75,986 | 42,964
Other creditors |  | 535 | 55
|  | 166,062 | 55,652

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
'A' Ordinary shares of £1 each | 31,200 | 31,200 | 31,200 | 31,200
'B' Ordinary shares of £1 each | 29,400 | 29,400 | 29,400 | 29,400
'C' Ordinary shares of £1 each | 29,400 | 29,400 | 29,400 | 29,400
'D' Ordinary shares of £1 each | 30,000 | 30,000 | 30,000 | 30,000
| 120,000 | 120,000 | 120,000 | 120,000

9 | Related party transactions

Key management personnel

The company's key management personnel are deemed to be the directors who received no remuneration from the company in either the current or prior year.

Summary of transactions with parent

As the company is a wholly owned subsidiary, the directors have taken advantage of the exemption from disclosing related party transactions with other wholly owned group companies, in accordance with FRS 102.

Summary of transactions with other related parties

Payment of services on behalf of a related party.

Holywood Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Income and receivables from related parties

2025 | Other related parties £
Amounts receivable from related party | 4,698

Expenditure with and payables to related parties

2024 | Other related parties £
Amounts payable to related party | 1,000

Loans from related parties

2025 | Parent £ | Total £
Advanced | 85,000 | 85,000
At end of period | 85,000 | 85,000

Terms of loans from related parties

Loans from related parties are denominated in sterling, interest free and repayable on demand.

10 | Parent and ultimate parent undertaking

The company's immediate parent is Dublin Cinema Group Limited, incorporated in Ireland.
The ultimate controlling party is Mr Paul Ward and Mrs Mary Ward.