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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Conway Holdings No. 1 Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 58 Moneymore Road, Magherafelt, BT45 6HG.

The company was incorporated on 16 October 2024 and prepared its first financial statements to 31 December 2024 to align with the year end used by entities in the Conway Group. The current reporting period is for the 12 months ended 31 December 2025. Therefore, comparative amounts presented in the financial statements, including the related notes, are not entirely comparable.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investments in subsidiaries at fair value. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Conway Holdings No. 1 Ltd is a wholly owned subsidiary of Conway Holdings No.3 Limited and the results of Conway Holdings No. 1 Ltd are included in the consolidated financial statements of Conway Holdings No.3 Limited which are available from Companies House website.

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The company has no employees. The director of the company did not receive any remuneration (2024: £nil).

At the start of the period, Conway Holdings No. 1 Ltd had 1 ordinary share in issue, which was held by Mr P J Conway. During the period, the Conway Group was restructed effective 27 August 2025 and on this date:

• Conway Holdings No. 1 Ltd allotted 192,729,343 ordinary shares in exchange for acquiring 100% of the share capital in P J Conway Contractors Limited (PJCCL);

• the ordinary shares allotted to the former shareholders of PJCCL were subsequently cancelled in full by reduction of capital, and replacement ordinary shares were allotted to Conway Holdings No. 2 Ltd;

• the ordinary share issued on incorporation was cancelled by reduction of capital and Conway Holdings No. 1 Ltd was demerged from Conway Holdings No. 2 Ltd and transferred to Conway Holdings No. 3 Ltd;

• 92,717,526 ordinary shares were cancelled by reduction of capital.

At the period end, the 100,011,817 ordinary shares in issue of were held entirely by Conway Holdings No. 3 Ltd.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

At the start of the period, Conway Holdings No. 1 Ltd was not in a group structure and the ultimate controlling party was Mr P J Conway by virtue of his shareholding.

The Conway Group was restructed effective 27 August 2025, and from this date and at 31 December 2025, Conway Holdings No. 1 Ltd's parent company is Conway Holdings No. 3 Limited, and its registered office is 58 Moneymore Road, Magherafelt, BT45 6HG. There has been no change to the ownership of the group as a result of the restructuring.