NEWRY AND MOURNE CO-OPERATIVE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Fitzpatrick & Kearney Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the company's ability to continue to adopt the going concern basis of accounting included the following: We considered as part of our audit risk assessment of the nature of the company, its business model and related risks including the requirements of the applicable financial reporting framework and the system of internal control. We evaluated the directors' assessment of the company's ability to continue as a going concern, including challenging the underlying data and key assumptions used to make the assessment, and evaluated the directors' plans for future actions in relation to their going concern assessment. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. NEWRY AND MOURNE CO-OPERATIVE LIMITED · parent
   1. Newry and Mourne Developments Ltd 78%

Significant events

• “A loan of £300,000 was taken out with Newry Credit Union Ltd in July 2018 with a repayment period of ten years. A further loan of £150,000 was taken out with Newry Credit Union Ltd in August 2022. The security held by Newry Credit Union Ltd consists of a first legal charge over the company's leasehold business units at Warrenpoint Enterprise Centre, Newry Road, Warrenpoint, Co. Down. This loan replaced all previous business loans with Ulster Bank Ltd who relinquished all forms of security held by that bank previously.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.4%

  £1,019,720 → £1,033,753

• Cash

  +4%

  £253,215 → £263,399

• Net assets

  -2.6%

  £3,254,518 → £3,171,275

• Employees

  0%

  12 → 12

• Operating profit

  -112.3%

  £13,345 → -£1,645

• Profit before tax

  -751.8%

  -£1,675 → -£14,268

• Wages

  +2.5%

  £426,041 → £436,684

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers