REGISTERED NUMBER: NI642540 (Northern Ireland)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

FIRWOOD INVESTMENTS LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

J T Johnston

REGISTERED OFFICE:

17 Old Church Lane

Aghalee

Craigavon

Co. Antrim

BT67 0EY

REGISTERED NUMBER:

NI642540 (Northern Ireland)

ACCOUNTANTS:

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

The director presents his report with the financial statements of the company for the year ended 31 August 2025.

DIRECTOR

J T Johnston held office during the whole of the period from 1 September 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J T Johnston - Director

13 August 2026

TURNOVER

-

-

Administrative expenses

7,634

4,371

(7,634

)

(4,371

)

Other operating income

17,391

21,047

OPERATING PROFIT

4

9,757

16,676

Interest receivable and similar income

-

175

9,757

16,851

Interest payable and similar expenses

505

588

PROFIT BEFORE TAXATION

9,252

16,263

Tax on profit

5

1,933

3,731

PROFIT FOR THE FINANCIAL YEAR

7,319

12,532

FIXED ASSETS

Tangible assets

6

367

431

Investment property

7

365,482

365,482

365,849

365,913

CURRENT ASSETS

Debtors

8

289,431

275,060

Cash at bank

4,040

17,421

293,471

292,481

CREDITORS

Amounts falling due within one year

9

567,076

565,171

NET CURRENT LIABILITIES

(273,605

)

(272,690

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,244

93,223

CREDITORS

Amounts falling due after more than one year

10

-

8,298

NET ASSETS

92,244

84,925

RESERVES

Retained earnings

92,244

84,925

92,244

84,925

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

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

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

J T Johnston - Director

1.	STATUTORY INFORMATION

Firwood Investments 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.	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.

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

-

15% on reducing balance

Investment property

Investment property comprises property held for the purpose of earning rental income and/or for capital appreciation, rather than for use in the production or supply of goods or services, for administrative purposes or for sale in the ordinary course of business.

Investment property is initially recognised at cost, including transaction costs.

Investment property is subsequently measured at fair value at each reporting date, with any change in fair value recognised in the profit and loss account in the period in which it arises. Fair value is determined in accordance with the requirements of FRS 102, Section 16 and Section 2A Fair Value Measurement.

Rental income from investment property 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.8.25

31.8.24

£

£

Depreciation - owned assets

64

76

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.8.25

31.8.24

£

£

Current tax:

UK corporation tax

1,933

3,731

Tax on profit

1,933

3,731

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

1,345

DEPRECIATION

At 1 September 2024

914

Charge for year

64

At 31 August 2025

978

NET BOOK VALUE

At 31 August 2025

367

At 31 August 2024

431

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

365,482

NET BOOK VALUE

At 31 August 2025

365,482

At 31 August 2024

365,482

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

287,827

271,827

Other debtors

1,604

3,233

289,431

275,060

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed to group undertakings

545,241

545,241

Taxation and social security

5,507

3,574

Other creditors

16,328

16,356

567,076

565,171

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

-

8,298

11.	RELATED PARTY DISCLOSURES

An amount of £545,241 is owed to companies which are under the control of James Johnston Jnr & Helen Johnston and £287,827 is owed by companies which are under the control of James Johnston Jnr & Helen Johnston.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by James Johnston and Helen Johnston, who are husband and wife and exercise joint control over the company.