REGISTERED NUMBER: NI070834 (Northern Ireland)

GALGORM CASTLE HOLDINGS LIMITED

Financial Statements for the Year Ended 31 October 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Gary Harold Henry

Colin William Johnston

Tiarnán O'Neill

Israel Robb

REGISTERED OFFICE:

Mills Selig

21 Arthur Street

Belfast

BT1 4GA

REGISTERED NUMBER:

NI070834 (Northern Ireland)

INDEPENDENT AUDITORS:

Cooper Parry Audit (Ireland) Limited

Statutory Auditor

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

BANKERS:

AIB

78 Wellington Street

Ballymena

Antrim

BT43 6AF

SOLICITORS:

McGarrigle Legal Limited

7th Floor West Tower

8 Lanyon Place

Belfast

BT1 3LP

NON-CURRENT ASSETS

Investments

5

906,873

906,873

CURRENT ASSETS

Receivables: amounts falling due within one year

6

3,648,122

3,781,322

Debtors: amounts falling due after more than one year

6

7,800,000

-

Cash at bank

8,015

-

11,456,137

3,781,322

PAYABLES

Amounts falling due within one year

7

(2,076,731

)

(1,180,600

)

NET CURRENT ASSETS

9,379,406

2,600,722

TOTAL ASSETS LESS CURRENT LIABILITIES

10,286,279

3,507,595

PAYABLES

Amounts falling due after more than one year

8

(7,020,000

)

-

NET ASSETS

3,266,279

3,507,595

CAPITAL AND RESERVES

Called up share capital

3,329,582

3,329,582

Share premium

1,593,909

1,593,909

Retained earnings

(1,657,212

)

(1,415,896

)

3,266,279

3,507,595

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Tiarnán O'Neill - Director

1.	STATUTORY INFORMATION

Galgorm Castle 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.

Principal activity

The principal activity of the company is a holding company.

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" including the provision of Section 1A "Small Entities" and the Companies Act 2006.

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.

3.	ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention.

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).

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

5.	FIXED ASSET INVESTMENTS

Shares in group undertakings

£

COST

At 1 January 2024

906,873

At 31 October 2024

906,873

NET BOOK VALUE

At 31 October

906,873

At 1 January 2024

906,873

Country of

Nature of

Details of

Proportion held

Name

Incorporation

Business

Investment

by company

Subsidiary undertaking

Galgorm Castle Estates Limited

N Ireland

Trading Business

Ordinary Shares

100%

Dapok Limited

N Ireland

Trading Business

Ordinary Shares

100%

NI Open Golf Limited

N Ireland

Trading Business

Ordinary Shares

100%

Galgorm Properties (1) Limited

N Ireland

Dormant

Ordinary Shares

100%

Galgorm Properties (2) Limited

N Ireland

Dormant

Ordinary Shares

100%

In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.

6.	RECEIVABLES

31/10/25

31/10/24

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

3,648,122

3,781,322

Amounts falling due after more than one year:

Amounts owed by group undertakings

7,800,000

-

Aggregate amounts

11,448,122

3,781,322

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

7.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans and overdrafts

520,000

-

Trade payables

705

2,171

Amounts owed to group undertakings

1,547,451

1,177,429

Other payables

8,575

1,000

2,076,731

1,180,600

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

8.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

31/10/25

31/10/24

£

£

Bank loans

7,020,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,940,000

-

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

The Auditors' Report was unqualified.

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

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

10.	RELATED PARTY DISCLOSURES

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

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Eirmon Group Limited, and ultimate parent undertaking is Eirmon Holdings Limited, a company incorporated in the Isle of Man, by virtue of its shareholding in Eirmon Group Limited.

The smallest and largest group for which consolidated accounts are prepared including the results of this company is Eirmon Holdings Limited.

The Hill family is deemed to be the ultimate controlling party of the company.