REGISTERED NUMBER: 05315074 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BALLYTRAIN PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B D O'Driscoll

C E O'Driscoll

SECRETARY:

Mrs C E O'Driscoll

REGISTERED OFFICE:

C/O Nexus Solicitors

Carlton House

16-21 Albert Square

Manchester

M2 5PE

REGISTERED NUMBER:

05315074 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

1st Floor

4 Jordan Street

Manchester

M15 4PY

FIXED ASSETS

Tangible assets

4

690

920

Investment property

5

1,250,500

1,250,000

1,251,190

1,250,920

CURRENT ASSETS

Cash at bank

16,068

11,617

CREDITORS

Amounts falling due within one year

6

161,045

152,385

NET CURRENT LIABILITIES

(144,977

)

(140,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,106,213

1,110,152

CREDITORS

Amounts falling due after more than one year

7

641,143

699,857

NET ASSETS

465,070

410,295

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

465,068

410,293

SHAREHOLDERS' FUNDS

465,070

410,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 7 August 2026 and were signed on its behalf by:

B D O'Driscoll - Director

1.	STATUTORY INFORMATION

Ballytrain Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

9,649

DEPRECIATION

At 1 January 2025

8,729

Charge for year

230

At 31 December 2025

8,959

NET BOOK VALUE

At 31 December 2025

690

At 31 December 2024

920

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

1,250,000

Additions

500

At 31 December 2025

1,250,500

NET BOOK VALUE

At 31 December 2025

1,250,500

At 31 December 2024

1,250,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2018

80,269

Valuation in 2024

(125,000

)

Cost

1,295,231

1,250,500

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

1,294,731

1,294,731

Investment property was valued on an open market basis on 31 December 2024 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

(1

)

-

Tax

14,717

15,948

Social security and other taxes

629

629

VAT

784

505

Directors' current accounts

143,316

134,303

Accrued expenses

1,600

1,000

161,045

152,385

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Directors' loan accounts

641,143

699,857

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Directors' loan

641,143

699,857

The directors loan account due greater than one year is secured by a legal charge over a property included in investment properties with a fair value amounting to £210,000.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 January 2025

410,293

Profit for the year

54,775

At 31 December 2025

465,068