REGISTERED NUMBER: NI627663 (Northern Ireland)

MOYLENA LIMITED

Financial Statements

for the Period 1 December 2024 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:

10 Mark Street

Portrush

Co. Antrim

BT56 8BT

REGISTERED NUMBER:

NI627663 (Northern Ireland)

INDEPENDENT AUDITORS:

Cooper Parry Audit (Ireland) Limited

Statutory Auditor

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Tangible assets

5

2,004,601

1,748,196

Investments

6

300

300

2,004,901

1,748,496

CURRENT ASSETS

Receivables

7

5,526,251

2,556,516

Cash at bank

76,563

211,692

5,602,814

2,768,208

PAYABLES

Amounts falling due within one year

8

(2,437,341

)

(69,022

)

NET CURRENT ASSETS

3,165,473

2,699,186

TOTAL ASSETS LESS CURRENT LIABILITIES

5,170,374

4,447,682

PROVISIONS FOR LIABILITIES

9

(60,735

)

(922

)

NET ASSETS

5,109,639

4,446,760

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

346,101

-

Retained earnings

4,763,438

4,446,660

5,109,639

4,446,760

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

Moylena 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.	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 as modified by the revaluation of certain assets.

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

Revenue

Revenue 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.

Freehold property

-

2% straight line

Motor vehicles

-

25% reducing balance

Land and buildings are held at valuation less subsequent depreciation. Revaluation gains and losses are recognised in other comprehensive income and accumulated within the revaluation reserve, except where a loss exceeds any previously recognised surplus relating to the same asset, or where a gain reverses a previously recognised deficit through profit or loss. Depreciation is charged on the revalued amount over the remaining useful economic life of the asset.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

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 NIL (2024 - 4 ).

5.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Motor

property

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 December 2024

2,104,590

15,540

2,120,130

Additions

317,469

-

317,469

Disposals

(450,000

)

-

(450,000

)

Revaluations

346,101

-

346,101

At 31 December 2025

2,318,160

15,540

2,333,700

DEPRECIATION

At 1 December 2024

360,082

11,852

371,934

Charge for period

35,884

999

36,883

Eliminated on disposal

(79,718

)

-

(79,718

)

At 31 December 2025

316,248

12,851

329,099

NET BOOK VALUE

At 31 December 2025

2,001,912

2,689

2,004,601

At 30 November 2024

1,744,508

3,688

1,748,196

During the financial period the company sold a freehold property to a director. The consideration was based on market value and no balance remained outstanding at the period end.

During the financial period, the company's freehold properties were revalued to their fair value based on an independent professional valuation performed. The valuation was undertaken as at 29 May 2025 and was prepared in accordance with the RICS Valuation - Professional Standards. The valuation was based on market value, being the estimated amount for which the properties would exchange between a willing buyer and a willing seller in an arm's length transaction at the valuation date. The aggregate market value of the property portfolio was assessed at £2,000,000. The resulting revaluation surplus has been recognised within the revaluation reserve, net of any associated deferred taxation.

Cost or valuation at 31 December 2025 is represented by:

Freehold

Motor

property

vehicles

Totals

£

£

£

Valuation in 2025

2,318,160

15,540

2,333,700

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2024

and 31 December 2025

300

NET BOOK VALUE

At 31 December 2025

300

At 30 November 2024

300

7.	RECEIVABLES

2025

2024

£

£

Other receivables

128,164

128,164

Amounts owed by group undertakings

5,393,507

1,596,606

Directors' current accounts

-

825,331

Prepayments and accrued income

4,580

6,415

5,526,251

2,556,516

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

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade payables

1,992

-

Amounts owed to group undertakings

2,135,166

-

Tax

111,251

69,022

Other payables

188,932

-

2,437,341

69,022

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

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

60,735

922

Deferred

tax

£

Balance at 1 December 2024

922

Provided during period

59,813

Balance at 31 December 2025

60,735

10.

RESERVES

Revaluation

reserve

£

Property revaluation

346,101

At 31 December 2025

346,101

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.