REGISTERED NUMBER: NI027931 (Northern Ireland)

ROE PARK HOLDINGS LIMITED

Strategic Report, Directors' Report and

Financial Statements for the Year Ended 31 October 2025

Page

Company Information

1

Strategic Report

2

Directors' Report

8

Independent Auditors' Report

10

Income Statement

14

Statement of Financial Position

15

Statement of Changes in Equity

16

Statement of Cash Flows

17

Notes to the Statement of Cash Flows

18

Notes to the Financial Statements

19

DIRECTORS:

Tiarnán O'Neill

Israel Robb

Colin William Johnston

Lynsey Gordon

REGISTERED OFFICE:

Roe Valley

Ballykelly Road

Limavady

Co. Londonderry

BT49 9LB

REGISTERED NUMBER:

NI027931 (Northern Ireland)

INDEPENDENT AUDITORS:

Cooper Parry Audit (Ireland) Limited

Statutory Auditor

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

BANKERS:

AIB

Meadowbank

Strand Road

Londonderry

BT48 7TN

SOLICITORS:

McGarrigle Legal Limited

7th Floor West Tower

8 Lanyon Place

Belfast

BT1 3LP

INTRODUCTION

The Directors present their strategic report for the year ended 31 October 2025.

PRINCIPAL ACTIVITY AND REVIEW OF BUSINESS

The principal activities of the company continued to be that of the provision of hotel, spa, restaurant, bar, golf, leisure and children's activity facilities.

The Directors consider the results for the year to be in line with expectations with turnover of £8,442,991 (2024: £7,003,280) and loss before tax of £699,217 (2024: Profit before tax of £234,688). Turnover growth of 20.6% reflected strong demand across the resort's accommodation, spa, golf, leisure, food and beverage and events offerings.

Net assets of the Company at the year end were £8,118,889 (2024: £9,086,410). The company continues to maintain a strong, asset-backed balance sheet which underpins its business model, its growth ambitions and the substantial programme of investment currently underway at the resort. The directors are satisfied with the company's performance for the year and the position at the balance sheet date.

KEY FINANCIAL PERFORMANCE INDICATORS

The directors consider the key performance indicators are those that communicate the financial performance and strengths of the company as a whole, being turnover, gross profit and operating profit. The directors have provided an analysis of the key performance indicators of the business below. The directors continue to monitor revenue and costs closely. The company continues to maintain a strong net asset position.

31/10/25

31/10/24

£/No.

£/No.

Turnover

8,442,991

7,003,280

Gross profit

2,158,667

1,958,107

Operating profit

52,705

264,770

Average number of employees

205

205

In addition to the financial measures above, the directors monitor a range of operational performance indicators standard to the resort sector, including occupancy, average daily rate, revenue per available room and total revenue per available room, together with leisure and golf utilisation and guest satisfaction. The directors consider detailed disclosure of these operational measures to be commercially sensitive and accordingly do not publish them. The directors also monitor employee retention and engagement, recognising the central importance of the company's people to the guest experience.

BUSINESS MODEL

The company operates as a destination resort. The company's revenues are diversified across hotel accommodation, the spa, golf, leisure and family facilities, restaurant and bar operations and a weddings and events business. The directors consider this breadth of offering to be fundamental to the resilience of the business and to the resort's long-term growth potential.

Roe Valley is committed to providing excellent value, warm service, and quality amenities to both leisure and corporate guests offering accessible, high-quality experiences for families, couples and golf enthusiasts. The business will continue to review its key market segments and product mix to ensure alignment with changing consumer preferences for new experiences, particularly in family wellness, golf and food and beverage, will be explored through both internal development and collaboration with industry partners. While international markets remain a longer-term opportunity, the current focus is on strengthening brand recognition and guest loyalty across the island of Ireland.

The resort benefits from and contributes to group capabilities in reservations, revenue management, procurement, marketing, finance and people development, and shares the Collection's centre-of-excellence approach to service standards and hospitality training. The resort's ongoing development forms a central part of the Collection's wider strategic investment programme.

Collaboration with key industry bodies and stakeholders remains integral to the company's strategy, with a commitment to developing tourism not only for commercial growth but for the wider benefit of Northern Ireland's visitor economy.

STRATEGY

The company's overarching strategy remains focused on delivering high-quality, value-led hospitality and leisure experiences tailored to the local market in Northern Ireland, while also attracting visitors from the Republic of Ireland and select international markets. With a strong emphasis on accessibility, comfort, and customer service, the business aims to offer memorable and welcoming experiences for families, couples and golf enthusiasts.

This strategy is underpinned by the Board's continued commitment to organic growth and investment-led development. Since joining Galgorm Collection, Roe Valley Resort has formed part of a long-term vision to enhance the quality and breadth of its hospitality, leisure and tourism offering. Investment has been directed towards upgrading its leisure facilities and guest accommodation, strengthening the wedding, events and food and beverage proposition, and enhancing the golf experience, to ensure the resort remains well positioned to meet changing guest expectations and drive future growth.

By continually evolving its offering in response to guest expectations and emerging travel trends, the company aims to strengthen customer loyalty, increase repeat visitation and broaden its market reach, supporting the long-term sustainable growth of the business.

PRINCIPAL RISKS AND UNCERTAINTIES

The Board continually reviews risks and uncertainties facing the company by regular review of the company's performance, compliance activities and wider economic factors influencing the marketplace in which the company operates.

Economic risk

We are committed to maintaining an asset-backed balance sheet which underpins our business model and our growth ambitions. Whilst the directors are content the business is in a strong financial position, we are mindful of additional challenges facing the industry including inflationary pressures on utility costs, food and beverage costs and supply chain pressures, together with the sensitivity of demand for hospitality to consumer confidence and disposable income. However, we believe our robust operating model with a focus on cost control, the diversity of the company's revenue streams and customer base, as well as our strong relationships with our suppliers, will help mitigate these challenges.

People risk

The availability and retention of skilled hospitality staff remains a sector-wide challenge, and the company's people are fundamental to the guest experience. The company mitigates this risk through sustained investment in training, development, wellbeing and retention, as set out in the Employment section below, and through its position as an employer of choice within the local community.

Interest rate risk

The company has a policy of maintaining debt at SONIA linked rates. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature.

Price risk

The company is exposed to commodity price risk as a result of its operations. However, given the size of the company's operations, the costs of managing exposure to commodity price risk exceed any potential benefits. The company has no exposure to equity securities price risk as it holds no listed investments.

Liquidity risk

The company actively maintains a mixture of short term and medium term debt finance that is designed to ensure the company has sufficient available funds for operations and planned expansions.

Foreign exchange risk

When necessary, the company uses financial instruments to manage foreign exchange exposure, in the normal course of the business.

The Board recognises its responsibility for managing business risk faced by the company including the promotion of good corporate governance, meeting legal and statutory obligations, and ensuring a strong framework of internal and financial controls.

EMPLOYMENT

The company is committed to creating careers of purpose, recognising the vital contribution of each employee. We continue to invest in the training, development, and retention of our people, underpinned by internal communication and health and safety processes.

We are proud to remain a key employer within the local community and are dedicated to championing best practice in our approach to employment. Providing access to development opportunities is a key pillar of our retention strategy, enabling us to support career progression, build core capabilities, and develop future industry leaders.

SUSTAINABILITY

The company aims to ensure the environment is left in a better condition for future generations. This strategy underlines the importance of Environmental, Social and Governance (ESG) considerations, as well as sustainability, in supporting the future growth and development of the business. impact. The company has made meaningful progress in the last financial year in understanding its environmental impact and developing mitigation measures. We have developed our Responsible Visitor Charter and have introduced our 'Green Policy 10-Point Plan', which includes details of our overall aim of becoming carbon neutral by 2030. This will be achieved through the following:

1. Directors' Commitment

2. Staff Commitment

3. Waste Management

4. Zero Emissions Vehicles

5. Natural Environment

6. Greener Energy

7. Community Initiatives

8. Water Treatment

9. Healthy Living

10. Wellbeing and Diversity

STAKEHOLDER ENGAGEMENT AND SECTION 172 STATEMENT

From the perspective of the directors, the matters for consideration under section 172 of the Companies Act 2006 ("s172") have been considered to an appropriate extent by the company. Such consideration is reflected in the statements set out below, with the directors acknowledging their duty under s172 to act in good faith to promote the success of the company for the benefit of its shareholders, while having regard, amongst other matters, to:

- the likely consequences of any decision in the long term;

- the interests of the company's employees;

- the need to foster the company's business relationships with guests and others;

- the impact of the company's operations on the community and the environment;

- the desirability of the company maintaining a reputation for high standards of business conduct; and

- the need to act fairly as between members of the company.

The Board of Directors of the company, both individually and collectively, confirms that it has acted in the way it considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole - having regard to the stakeholders and matters set out in Section 172(1)(a)-(f) of the Act - in the decisions taken during the year ended 31 October 2025. The following paragraphs summarise how the directors fulfil their duties:

-As the Board of Directors, our intention is to behave responsibly and ensure that the business is managed with integrity, care, and professionalism. The Board remains accountable for ensuring sound governance and oversight, aligned to the long-term interests of the company and its stakeholders.

-Throughout the year, the Board has prioritised strategic investment in the business to deliver long-term value, enhance guest experiences, and support regional economic growth. The decisions taken during the year to progress the resort's investment programme, including the completion of plans for significant enhancements to the leisure facilities, were made with regard to the long-term potential of the resort.

-Our employees are fundamental to the success of the business. The company continues to offer purposeful careers and long-term development opportunities, with an emphasis on wellbeing, engagement, and safety. We are committed to being a responsible employer in our approach to pay, benefits, and performance management, ensuring our teams are supported to deliver outstanding guest experiences.

-We are equally committed to acting responsibly and fairly in how we engage with all other stakeholders, including guests, suppliers, local communities, regulators, and industry partners. These relationships are essential to the company's ability to operate successfully and sustainably.

-The company takes seriously the impact of its operations on the community and the environment. We are proud to support several local sports clubs, societies and charities, working to have a positive impact in the local community, and the environmental commitments set out in the company's Green Policy 10-Point Plan, including its community initiatives, are described in the Sustainability section above.

-We are committed to ongoing, open engagement with our shareholders. Transparent communication of strategy and objectives, along with regular feedback and the appropriate consideration of shareholder input, remain central to our approach. The directors will continue to operate with integrity and accountability to uphold high standards of business conduct.

FUTURE OUTLOOK

The broader economic landscape remains subject to change, and the company will continue to monitor market conditions closely. Key areas such as consumer confidence, tourism trends and domestic travel behaviour will be continually analysed to ensure informed decision-making and resilience in the face of external pressures.

The company remains focused on unlocking the long-term potential of Roe Valley Resort through a programme of strategic investment and product development. During the year, plans were completed for significant enhancements to the leisure facilities, including the introduction of new waterslides and a soft play area, which will further strengthen the resort's appeal to families and leisure guests.

Looking ahead, the company will continue to explore opportunities to enhance its core business pillars, including weddings and events, golf, leisure and family experiences. Planned developments include the introduction of Leaping Hound, a new bar concept designed to enhance the resort's food and beverage offering, and the addition of Mussenden Lodge, which will become the resort's fourth residency. Further investment is also being considered to expand the family offering, develop a dedicated adult spa experience, and strengthen Roe Valley's position as a leading destination for both leisure and golf tourism.

The directors remain confident in the future prospects of the business. Supported by the strength of the Roe Valley brand, its strategic location and the long-term commitment of Galgorm Collection to investment and innovation, the resort is well positioned to deliver sustainable growth and enhance its contribution to Northern Ireland's tourism economy, and the directors view the future with confidence.

ON BEHALF OF THE BOARD:

Tiarnán O'Neill - Director

31 July 2026

The Directors present their report with the audited financial statements of the Company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activities of the company continued to be that of the provision of hotel, spa, restaurant, bar, golf, leisure and children's activity facilities.

DIVIDENDS

No dividends will be distributed for the year ended 31 October 2025.

DIRECTORS

The directors who have held office during the period from 1 November 2024 to the date of this report are as follows:

Charles Geoffrey Conn - resigned 8 November 2024

Kevin McKeever - resigned 8 November 2024

Alan John Wilton - resigned 8 November 2024

Susan Wilton - resigned 8 November 2024

Tiarnán O'Neill - appointed 8 November 2024

Israel Robb - appointed 8 November 2024

Colin William Johnston - appointed 8 November 2024

Lynsey Gordon - appointed 1 September 2025

DISCLOSURE IN THE STRATEGIC REPORT

Under Schedule 7.1A of "Large and Medium-Sized Companies and Groups (Accounts and Reports) Regulations 2008" the company has elected to disclose the following directors report information in the strategic report:

- Financial performance indicators;

- Future developments;

- Principal risks and uncertainties; and

- Principal activity and Business review;

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Strategic Report, the Directors' Report 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 audit business of CavanaghKelly was acquired by Cooper Parry Audit (Ireland) Limited on 24th July 2025. CavanaghKelly has resigned as auditor and Cooper Parry Audit (Ireland) Limited has been appointed in place.

The auditors, Cooper Parry Audit (Ireland) Limited, have indicated their willingness to continue in office in accordance with the provision of Section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Tiarnán O'Neill - Director

31 July 2026

Opinion

We have audited the financial statements of Roe Park Holdings Limited (the 'Company') for the year ended 31 October 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the Company's affairs as at 31 October 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 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 Auditors' responsibilities 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 UK, including the FRC's Ethical Standard, and 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.

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 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

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other 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 or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters 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 Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where 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 law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page eight, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine 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, the directors are 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 the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives 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 our 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.

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

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. The objectives of our audit in respect of fraud are to assess the risk of material misstatement due to fraud, design and implement appropriate responses to those assessed risks and to respond appropriately to instances of fraud or suspected fraud identified during the course of our audit. However, the primary responsibility for the prevention and detection of fraud rests with management and those charged with governance of the company.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

We obtained understanding of the legal and regulatory requirements applicable to the company’s financial statements and considered the most significant are the Companies Act 2006, Financial Reporting Standards (FRS102) and UK taxation legislation;

-

We have assessed the risk of material misstatement of the financial statements, including risk of material misstatement due to fraud and how it might occur by holding discussions with management and those charged with governance;

-

We enquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations;

-

Understanding the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; and

-

Discussions amongst the audit engagement team regarding how fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion we identified the following potential areas where fraud may occur: timing of revenue recognition and management override.

The audit response to risks identified included:

-

Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the relevant laws and regulations above;

-

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud;

In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are reasonable and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

A further description of our 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 Auditors' Report.

Use of our report

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 Auditors' 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.

Mr. Ryan Falls (F.C.A) (Senior Statutory Auditor)

for and on behalf of Cooper Parry Audit (Ireland) Limited

Statutory Auditor

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

31 July 2026

TURNOVER

5

8,442,991

7,003,280

Cost of sales

(6,284,324

)

(5,045,173

)

GROSS PROFIT

2,158,667

1,958,107

Administrative expenses

(2,260,192

)

(1,693,337

)

(101,525

)

264,770

Other operating income

154,230

-

OPERATING PROFIT

7

52,705

264,770

Finance costs

8

(751,922

)

(30,082

)

(LOSS)/PROFIT BEFORE TAXATION

(699,217

)

234,688

Tax on (loss)/profit

9

(268,304

)

(64,355

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(967,521

)

170,333

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(967,521

)

170,333

NON-CURRENT ASSETS

Tangible assets

10

11,148,408

9,803,630

CURRENT ASSETS

Stocks

11

156,753

232,086

Receivables: amounts falling due within one year

12

547,401

269,341

Debtors: amounts falling due after more than one year

12

7,250,000

-

Cash at bank

174,109

996,762

8,128,263

1,498,189

PAYABLES

Amounts falling due within one year

13

(3,162,106

)

(1,940,793

)

NET CURRENT ASSETS/(LIABILITIES)

4,966,157

(442,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,114,565

9,361,026

PAYABLES

Amounts falling due after more than one year

14

(7,473,805

)

-

PROVISIONS FOR LIABILITIES

18

(467,989

)

(201,062

)

GOVERNMENT GRANTS

19

(53,882

)

(73,554

)

NET ASSETS

8,118,889

9,086,410

CAPITAL AND RESERVES

Called up share capital

20

1,000,000

1,000,000

Revaluation reserve

21

202,591

202,591

Retained earnings

21

6,916,298

7,883,819

SHAREHOLDERS' FUNDS

8,118,889

9,086,410

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Tiarnán O'Neill - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

1,000,000

7,713,486

202,591

8,916,077

Changes in equity

Total comprehensive income

-

170,333

-

170,333

Balance at 31 October 2024

1,000,000

7,883,819

202,591

9,086,410

Changes in equity

Total comprehensive income

-

(967,521

)

-

(967,521

)

Balance at 31 October 2025

1,000,000

6,916,298

202,591

8,118,889

Cash flows from operating activities

Cash generated from operations

1

(5,425,331

)

614,473

Interest paid

(749,383

)

(30,082

)

Interest element of hire purchase payments paid

(2,539

)

-

Tax paid

(83,783

)

(90,210

)

Net cash from operating activities

(6,261,036

)

494,181

Cash flows from investing activities

Purchase of tangible fixed assets

(1,695,410

)

(733,443

)

Net cash from investing activities

(1,695,410

)

(733,443

)

Cash flows from financing activities

New loans in year

7,650,000

-

Loan repayments in year

(484,000

)

(1,021,772

)

Capital repayments in year

(32,207

)

-

Net cash from financing activities

7,133,793

(1,021,772

)

Decrease in cash and cash equivalents

(822,653

)

(1,261,034

)

Cash and cash equivalents at beginning of year

2

996,762

2,257,796

Cash and cash equivalents at end of year

2

174,109

996,762

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

1/1/24

Year ended

to

31/10/25

31/10/24

£

£

(Loss)/profit before taxation

(699,217

)

234,688

Depreciation charges

565,597

656,856

Loss on disposal of fixed assets

-

18,553

Government grants

(19,672

)

(16,558

)

Finance costs

751,922

30,082

598,630

923,621

Decrease/(increase) in stocks

75,333

(47,621

)

Increase in trade and other debtors

(7,528,060

)

(100,047

)

Increase/(decrease) in trade and other creditors

1,428,766

(161,480

)

Cash generated from operations

(5,425,331

)

614,473

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 October 2025

31/10/25

1/11/24

£

£

Cash and cash equivalents

174,109

996,762

Period ended 31 October 2024

31/10/24

1/1/24

£

£

Cash and cash equivalents

996,762

2,257,796

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1/11/24

Cash flow

At 31/10/25

£

£

£

Net cash

Cash at bank

996,762

(822,653

)

174,109

996,762

(822,653

)

174,109

Debt

Finance leases

-

(182,758

)

(182,758

)

Debts falling due within 1 year

-

(510,000

)

(510,000

)

Debts falling due after 1 year

-

(6,656,000

)

(6,656,000

)

-

(7,348,758

)

(7,348,758

)

Total

996,762

(8,171,411

)

(7,174,649

)

1.	STATUTORY INFORMATION

Roe Park Holdings Limited 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.

2.	STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts of fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The financial reporting framework that has been applied in their preparation is the Companies Act 2006 (the "Act") and FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" issued by the Financial Reporting Council.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue

Revenue recognised in the Income Statement represents amounts invoiced during the year exclusive of Value Added Tax. Revenue is recognised when, and to the extent that, the company obtains the right to consideration in exchange for its performance. With respect to food, bar, spa and function room income, revenue is recognised at the point when the service is provided. For accommodation, revenue is recognised over the duration of the guest's stay.

Government grants

Grants are recognised under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of revenue nature are recognised in the Income Statement in the same period as relevant expenses.

Foreign currencies

The company's functional and presentational currency is GBP.

Transactions and Balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the date of transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-Monetary items measured at historical costs are translated using the exchange at the date of the transaction and non-monetary items measured at fair value using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit and loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset are capitalised during the period of time that is necessary to complete and prepare the asset for its intended use or sale. Other borrowing costs are expensed in the period in which they are incurred and disclosed in finance costs.

Finance Costs

Finance costs are charged to the Income Statement 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.

Property, plant and equipment

Property, plant and equipment under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of property, plant and equipment the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Income Statement during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Assets under construction

Not depreciated

Freehold property

1% - Straight line

Plant & machinery

10% - Straight line

Fixtures and fittings

15% - Straight line

Motor vehicles

15% - Reducing balance

Computer equipment

25% - Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Inventories

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling. Full provision is made for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:

- at fair value with changes recognised in the Income Statement if the shares are publicly traded or their fair value can otherwise be measured reliably; and

- at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the Statement of Financial Position date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.