REGISTERED NUMBER: NI623762 (Northern Ireland)

FAIRWAYS OUTREACH SERVICES LTD

Financial Statements for the Period 1 April 2025 to 31 December 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Robert Anthony Dunlop

Kathryn Holly

Diarmuid Mcnamee

REGISTERED OFFICE:

4a Ballybogey Road

Ballymoney

Co. Londonderry

BT53 6QD

REGISTERED NUMBER:

NI623762 (Northern Ireland)

INDEPENDENT AUDITORS:

Cooper Parry Audit (Ireland) Limited

Statutory Auditor

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Intangible assets

5

159,750

177,500

Property, plant and equipment

6

21,808

111,256

Investments

7

-

271,296

181,558

560,052

CURRENT ASSETS

Receivables: amounts falling due within one year

8

2,437,313

462,441

Cash at bank

267,517

1,459,807

2,704,830

1,922,248

PAYABLES

Amounts falling due within one year

9

(76,307

)

(101,116

)

NET CURRENT ASSETS

2,628,523

1,821,132

TOTAL ASSETS LESS CURRENT LIABILITIES

2,810,081

2,381,184

PROVISIONS FOR LIABILITIES

10

(27,814

)

-

NET ASSETS

2,782,267

2,381,184

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,782,167

2,381,084

2,782,267

2,381,184

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 Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

Diarmuid Mcnamee - Director

1.	STATUTORY INFORMATION

Fairways Outreach Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The accounting policies detailed below have been applied consistently throughout the year.

Revenue

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets are amortised over a period of 20 years.

Property, plant and equipment

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant & machinery

- 20% reducing balance

Fixtures & fittings

- 20% reducing balance

Motor vehicles

- 20% reducing balance

Computer equipment

- 25% straight line

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Financial instruments

The company and group have chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and hire purchase contracts are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the period 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 period end and that are expected to apply to the reversal of the timing difference.

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.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities.

Related parties

The company discloses transactions with related parties which are not wholly owned within the group and material transactions with directors or other related parties in accordance with the requirements of Section 33 of FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. Related parties are considered to be those persons or entities that have control, joint control, significant influence, or are key management personnel of the company. Transactions with related parties are recognised and measured at the agreed transaction value. Outstanding balances at the reporting date are included within debtors or creditors as appropriate. Any impairment of amounts due from related parties is recognised in the profit and loss account where necessary.

Details of material related party transactions, including the nature of the relationship, transaction amounts, outstanding balances and any provisions for doubtful debts, are disclosed in the notes to the financial statements where required by FRS 102 Section 33.

Share capital

Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2025 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 December 2025

355,000

AMORTISATION

At 1 April 2025

177,500

Amortisation for period

17,750

At 31 December 2025

195,250

NET BOOK VALUE

At 31 December 2025

159,750

At 31 March 2025

177,500

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

45,565

16,932

212,803

10,442

285,742

Additions

-

-

-

3,349

3,349

Disposals

-

-

(212,803

)

-

(212,803

)

At 31 December 2025

45,565

16,932

-

13,791

76,288

DEPRECIATION

At 1 April 2025

31,061

13,509

126,287

3,629

174,486

Charge for period

2,901

685

-

2,695

6,281

Eliminated on disposal

-

-

(126,287

)

-

(126,287

)

At 31 December 2025

33,962

14,194

-

6,324

54,480

NET BOOK VALUE

At 31 December 2025

11,603

2,738

-

7,467

21,808

At 31 March 2025

14,504

3,423

86,516

6,813

111,256

Motor vehicles and fixed assets investments in note 7 were disposed of to a director during the year at market value.

7.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2025

271,296

Additions

91,000

Disposals

(362,296

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 March 2025

271,296

Fixed asset investments and motor vehicles in note 6 were disposed of to a director during the year at market value.

8.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade receivables

2,085

159,892

Amounts owed by group undertakings

2,431,562

-

Other receivables

3,666

302,549

2,437,313

462,441

The amounts owed by group undertakings are unsecured, interest-free and repayable on demand.

9.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade payables

1,641

1,641

Amounts owed to group undertakings

64,865

-

Taxation and social security

6,771

96,445

Other payables

3,030

3,030

76,307

101,116

The amounts owed to group undertakings are unsecured, interest-free and repayable on demand.

10.	PROVISIONS FOR LIABILITIES

2025

2025

£

£

Deferred tax

27,814

-

Deferred

tax

£

Provided during period

27,814

Balance at 31 December 2025

27,814

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Mr. Ryan Falls (F.C.A) (Senior Statutory Auditor)

for and on behalf of Cooper Parry Audit (Ireland) Limited

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Fairways Care Holdings Limited. The ultimate parent undertaking and controlling party is Joltin Limited, incorporated in the Republic of Ireland. The consolidated financial statements in which the company is included are available from the registered office of Joltin Limited.