REGISTERED NUMBER: NI676583 (Northern Ireland)

SYERLA COMMERCIAL PROPERTIES LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Peter O'Donnell

REGISTERED OFFICE:

34 Culrevog Road

Dungannon

BT71 7PY

REGISTERED NUMBER:

NI676583 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Tangible assets

5

285,512

382,975

Investment property

6

19,399,910

16,051,306

19,685,422

16,434,281

CURRENT ASSETS

Receivables: amounts falling due within one year

7

41,549

-

Cash at bank

13,924

63,964

55,473

63,964

PAYABLES

Amounts falling due within one year

8

(10,127,126

)

(8,190,953

)

NET CURRENT LIABILITIES

(10,071,653

)

(8,126,989

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,613,769

8,307,292

PAYABLES

Amounts falling due after more than one year

9

(6,235,904

)

(5,946,158

)

PROVISIONS FOR LIABILITIES

(23,408

)

(48,023

)

NET ASSETS

3,354,457

2,313,111

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,354,456

2,313,110

3,354,457

2,313,111

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 28 August 2026 and were signed by:

Peter O'Donnell - Director

1.	STATUTORY INFORMATION

Syerla Commercial Properties Ltd. 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.	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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue

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

Property, plant and equipment

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

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 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

423,300

54,389

36,000

513,689

Additions

24,200

8,636

-

32,836

At 31 December 2025

447,500

63,025

36,000

546,525

DEPRECIATION

At 1 January 2025

113,482

5,957

11,275

130,714

Charge for year

106,965

17,153

6,181

130,299

At 31 December 2025

220,447

23,110

17,456

261,013

NET BOOK VALUE

At 31 December 2025

227,053

39,915

18,544

285,512

At 31 December 2024

309,818

48,432

24,725

382,975

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

16,051,306

Additions

3,348,604

At 31 December 2025

19,399,910

NET BOOK VALUE

At 31 December 2025

19,399,910

At 31 December 2024

16,051,306

7.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade receivables

22,988

-

Other receivables

18,561

-

41,549

-

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

480,000

480,000

Hire purchase contracts

47,659

45,064

Trade payables

36,413

30,601

Amounts owed to group undertakings

9,290,018

7,250,841

Taxation & social security

80,146

223,601

Other payables

192,890

160,846

10,127,126

8,190,953

9.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2025

2024

£

£

Bank loans

6,200,000

5,860,000

Hire purchase contracts

35,904

86,158

6,235,904

5,946,158