REGISTERED NUMBER: NI017409 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended

31 December 2025

for

Sliderobes Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Scullion

REGISTERED OFFICE:

61 Boucher Road

Belfast

Co. Antrim

BT12 6HU

REGISTERED NUMBER:

NI017409 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Tangible assets

4

45,369

61,309

Investments

5

70,101

70,001

115,470

131,310

CURRENT ASSETS

Debtors

6

891,264

720,293

Cash at bank

12,316

51,450

903,580

771,743

CREDITORS

Amounts falling due within one year

7

2,253,895

2,390,665

NET CURRENT LIABILITIES

(1,350,315

)

(1,618,922

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,234,845

)

(1,487,612

)

CREDITORS

Amounts falling due after more than one year

8

-

23,000

NET LIABILITIES

(1,234,845

)

(1,510,612

)

CAPITAL AND RESERVES

Called up share capital

234,375

234,375

Share premium

945,276

945,276

Retained earnings

(2,414,496

)

(2,690,263

)

(1,234,845

)

(1,510,612

)

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 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 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 director and authorised for issue on 21 September 2026 and were signed by:

R Scullion - Director

1.	STATUTORY INFORMATION

Sliderobes Group 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

Going concern

On 20 December 2023, the company entered into a five-year Company Voluntary Agreement ("CVA"). If the CVA successfully completes in December 2028, approximately £1.3 million of the company's liabilities will be written off. However, if the CVA fails at any point in time, the CVA liabilities will be due immediately in full. Therefore, these liabilities are included in full within the amounts due within one year in the financial statements. The director is of the opinion that the company can return to profit following a significant cost cutting exercise. On this basis, the director considers that the company will be able to pay its obligations as they fall due and therefore, it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the facilities were removed or the CVA failed and the director could not obtain adequate replacement finance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,178,949

Additions

3,266

At 31 December 2025

1,182,215

DEPRECIATION

At 1 January 2025

1,117,640

Charge for year

19,206

At 31 December 2025

1,136,846

NET BOOK VALUE

At 31 December 2025

45,369

At 31 December 2024

61,309

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

70,001

Additions

100

At 31 December 2025

70,101

NET BOOK VALUE

At 31 December 2025

70,101

At 31 December 2024

70,001

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

24,433

40,917

Amounts owed by group undertakings

701,849

493,931

Other debtors

164,982

185,445

891,264

720,293

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Included within creditors above is £1.7 million in relation to amounts which form part of the Company Voluntary Agreement (CVA). If the CVA completes successfully in December 2028, approximately £1.3 million of the company's liabilities will be written off.

Bank loans relate to the Coronavirus Business Interruption Loan (CBIL) Scheme. As per the terms of this Scheme the UK Government covers the interest due on the loan for the first twelve months and provides the lender with a government-backed, partial guarantee of eighty percent against the outstanding facility balance. The company remains liable for the full amount of the debt owed on CBIL loans.

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

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

-

23,000

9.	RELATED PARTY DISCLOSURES

At the year end, an amount of £523,697 (2024: £523,697) is owed to the former shareholders of the company. No interest was charged on the loans.

The company has taken advantage of the exemption contained within paragraph 1AC.35 of FRS 102 not to disclose any transactions with its parent and fellow wholly owned subsidiary undertakings.

There are no other transactions with related parties that are required to be disclosed under FRS 102 Section 1A.

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of the majority shareholder, Mervyn McCall, until 3 September 2024. Post 3 September 2024, the company has been under the control of Carnehill Joinery Ltd. The directors of Carnehill Joinery Ltd are deemed to be the controlling party.