Sligo Road Developments Limited

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2—3

Registered number: NI058211

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	11,852,310		11,767,698
Debtors		242,011		198,989
Cash at bank and in hand		1,571		5,729

		12,095,892		11,972,416
Creditors: Amounts Falling Due Within One Year		(523,815 )		(400,831 )

NET CURRENT ASSETS (LIABILITIES)			11,572,077		11,571,585

TOTAL ASSETS LESS CURRENT LIABILITIES			11,572,077		11,571,585

NET ASSETS			11,572,077		11,571,585

CAPITAL AND RESERVES
Called up share capital	5		1,010		1,010
Profit and Loss Account			11,571,067		11,570,575

SHAREHOLDERS' FUNDS			11,572,077		11,571,585

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Steven Elliott

Director

21/09/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Sligo Road Developments Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI058211 . The registered office is 19 Church Road, Portadown, Co. Armagh, BT63 5HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Inventories, including land, are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the weighted average principle and includes all costs of production, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

2.4. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost adn thereafter at fair value with changes recognised in profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Stocks

	2025	2024
	£	£
Work in progress	11,852,310	11,767,698

5. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	1,000	1,000
Called Up Share Capital has been paid up	10	10

Amount of Allotted, Called Up Share Capital	1,010	1,010

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Sligo Road Developments Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

6. Ultimate Controlling Party

The company is controlled by Pincap Limited , a company incorporated on the Isle of Man, by way of 100% shareholding.

Group accounts for the company are not available to the public.

7. Audit Information

The auditor's report on the accounts of Sligo Road Developments Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by James Robinson FCCA (Senior Statutory Auditor) for and on behalf of WHR Accountants Ltd , Statutory Auditor.

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