FIW.4NCIAL ST.4TENI£￿Ts
NEWRY .4ND MOURNE CO-OPERATIVE LIMITED
REGigfERED NUMBER . N1200i8
The Directors present their report and accounts for the year ended 315t March ?0?4. The Company
had a turnover of £l.019.720 durino the yezr and produced a profit of £1.370. The mernbers, loan
capilal within the company is £J5,14i.
Principal Actsi'ities
The companv s principal activity durino the vear continued to be the letting of business units at wtN
Business Park and Warr¢npoint Enterprise Centre, together with the development of new business and
emplovment in the local area. The company obtained Charilable status from HM Rcvenue & Custom5 to
refleet the a¥tivities and mission of the company. This was approved on 19th April ?0 l O. The company
has also obtained successful registration with the newlN, fonned Cliarity Commission for Northem
Ireland. This became effeciii'e I st April ?016. registralion Duniber l O??46.
Directors
The folloNving persons served a5 directors during the year.
John Macmahon
Davy Hyland
Peter McEvoy
Kevin Magill
Kevin Starr5
Ronan Dennedy
'lichael Hughes
Brendan Jackson
Gordon Coulter
Frank O'connor
Claire Mccullough
Disclosure of inform8tion to auditors
Each person i¥ho was a director at the lime this report was approved confrrrn5 that:
so far as they are aware. there is no relevant audit inforniation of whicli the companv s auditor
is unaware; and
- thcy have taken all the steps tliat they ought to have tak-en as a director in order to make
themselves aware of any relevant audit information and to establish thai the company's auditor
is aware of that information.
Small company provisions
This report been prepared in accordance with the provisions in Pan 15 of the Companies Act
?006 applicable to compaiiies Subject io the small Companies reoime.
This report was approved by the board on 16th December ?0?4 and signed on its behalf:
Michael Hughes
Director

NEWRY & MOURNE CO-OPERATIVE LIMITED
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The directors are responsible for preparino the report and accounts in accordance i¥itli
applicable la￿, and regulations.
Company law requires the directors to prepare accounts for each financial vear. Under that laNI' the
directors have elected to prepare the accounts in accordance with United Kiii(ydom Generally Accepted
Accounting Practice (United Kingdom Accountino Standards and applicable law). Under company laiv
the direciors must not approve the accounts unless tliey are satisfied that they crive & true and fair view
of the state of affairs of tlie company and of the profit or loss of the company for tliat period. In
preparing these accounts. the directors are required to
select suitable accountin(y
policies and tlien apply them consistentl>':
mak.e j udoemeiits and estimates that are reasonab5e and prudent;
prepare tlie accounts on the going concern basis unless it is inappropriate to presume
that tlie company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and
explain the Company 5 transactions and disclose with reasonable accuracj at any time tlie financial
position of tlie ¢ompan) and enable them to ensure that the accounts comply witIi the Companies Act
2006. Tl?ey are also responsible for safeguarding the assets of the compan). and hence for taking
reasonable steps for tlie prevention and detection of fraud and otlier irregularities.

NEWRY & MOURNE CO-OPERATIVE LIMITED
PROFIT & LOSS ACCOUNT
for the year ended 31st March 2024
Notes
2024
2023
Tumover
1,019.1?0
l.OJJ.700
Gross Profit
Administrative Expenses
Other Profit before Exceptional Items
1.019.7?0
(1.04J.J30)
(2J.610)
1.03J.700
(1,016.180)
17.j?O
Exceptional Items:
Charitable Donations Receiv'ed
40.000
?5.000
Operating Profit after E.x¢eptional Items
Interest Payable
42.)20
(10.778)
(15.020)
Profit on Ord Activities before Ta
T&xation
l.i70
il.742
Retained Profit for Year
l.i70
il.742
The'companj liad no recognised oains or losses for tl)e year other than the profit stated above.

NEWRY & MOURNE CO.OPERATtVE Lll￿ED
BALANCE SHEET
As at 31st March 2024
Notes
2024
2023
FIXED ASSETS
Tangible Assets
Investments
).186.864
37.820
3 ?24.684
i.)03,238
3.)41:058
CURRENT ASSETS
Debtors
Big Lottery Work4U Bank Account
Cash at Bank and in Hand
ij
12
i93.884
16.136
2J6,740
646.760
460,420
i6,3)9
173.971
690.750
CURRENT LIABILITIES - CREDITORS
Due Within One Year
Net Current Assets/(Liabilities)
Total Assets Less Current Liabilities
CREDITORS Due after One Year
13
(282.158)
364,602
J.589.286
(?44.173)
(i l4.066)
376.684
3.717.742
(30i.024)
14
NET ASSETS
3.J4).113
3,412,718
CAPITAL AND RESERVES
Member Loan Capital
Capital Reserve
Profit & Loss Accounl
3).143
2.J88.4i9
921.511
3,34).I IJ
i5.107
2.4i7.470
920,141
3.41? 718
15
15
The accounts have been prepared and delivered in accordance with the special provisions
applicable to companies subject to the small companies regime.
John Macmahon. Director
Approved by the Board on 16th December 2024

NEWRY & MOURNE CO-OPEIL4TIVE LIMITED
CONSOLIDATED PROFIT & LOSS ACCOUNT
for the year ended 31st March 2024
Notes
2024
2023
Tiimover
1.019.7?0
l.OJi.700
Gross Profit
Administrative Expenses
Otlier Profit before Exceptional Items
1.019.7?0
(1.046.)75)
(?6.6!5)
l.OJi.700
{1.019.??5}
14.47)
Exceptional Items:
Charilable Donations Received
40.000
Operating Profit after Exceptional Items
Interest Payable
i9.475
(10.778)
(15.0?0)
Loss on Ord Activities before T&
Ta.xation
{1.67i)
?8.697
Loss on Ord ActivTties after Taxation
Minority Interest
(1.67))
?8.697
Retained Lossattributable to Members
(1.67))
?8.697
The group had no recO￿lsed gains or losses for the vear otlier than tlie Ios5 Staled aboiie.

NEWRY & P+lOURNE CO-OPERATIVE LIMITED
CONSOLIDATED BALANCE SHEET
As at31st March 2024
Notcs
Z024
2023
FIXED ASSETS
Tttnoible Assets
InN'esimunts
J ?U3.868
3.32i.01 i
j.?05.968
3.3?j.113
CURREN"r ASSET%
D¥biors
Big Lolterv WorL4U Bank AcLouni
Cash ￿ Bank and in 14and
321.705
16.136
2i7.079
j74.9?0
388.ili
56.3)9
174.310
619,184
12
CURRENT LIABILII"IES- CREDITORS
DUL Within Onc Y¢iir
13
(?8? 197)
(314.105)
NLI Curr¢nt Assets/(Liabilitiesl
?9?.7?3
iOi.079
-[ otal Assets Less Current Liabiliiie5
3.498.691
3.630.19?
CREDI"foRS Duc after One Year
14
(?44.173)
(3Vi.024)
NET ASSETS
J?j4.j18
3.325.168
CAPITAL AND Rf_SERVES
Member Loan Capital
Capiial RL%erv¢
Profil & Loss A¢wunl
3).143
?.j98.4j9
820.916
3?j4.j18
35.107
?.467.470
8?? 591
3.32i.168
linari1￿ IntLresl
3 ?)4.518
).3? j.168
The avcoun15 hai'e be¢n prcpared and delivercd in a¢cordanLL l¥ith the special provisionb applicable to
Lompani¢s subject to the small compani¢s rL￿01mC.
John Ma¢Mahon. Director
Approvcd th¢ Board on 16th Deceiiibcr ?024

NEWRY & MOURNE CO-OPERATIVE LJMITED
NOTES ON AND FORMING PART OF THE F1Tr4ANCIAL STATEMENTS
for the year ettded 31st March 2024
I. ACCOUNTING POLICIES
Basis of Preparation
The accounts hake been prepared under Ihe historical cost convention and in accordance ii'ith FRS I O? The
Financial Reportints Standard applicable in the UK and Republic of Ireland las applied to small entities bv section
IA of the Standard).
Turnover
Consolidated turnover repre5enls exiemal sales. rents and revenue orants for government schemes operated bv the
group.
Depreciatton
Depreciation has been provided on all fixed assets at rates calculated to write th¢m off evenl! oN'er the expected
useful and working lives.
Capital Grants
Grants in respect of capital expenditure haiie been credited to a Capital Reserve and an amount equivalent to the
annual depreciation on the relevani assets has been released to the Profit and Loss Account.
Debtors
Short terni debtors are measured at 2Tansaction price (which is usuall J. the invoice price). less any impairment losses
for bad and doubtful debts.
Creditors
Short temi ereditors are measured at tfdn5action price {which is usually the invoice price). Loan5 2nd other
financial liabilitie5 are initial [)' reco.4nized at transaction price net of anv transaction cost5 and subsequentlv
measured at amortised cost determined using the effeciive interes1 Method.
2. BASIS OF CONSOLIDATION
The consolidated Profit and Loss Account and Balance Sheet in¢lude the Assets. Liabilities and Tradino results of
the Company and its subsidiarv as defined in the Companies Aci ?006. The Subsidiary compan}, ai ) I st March
?0?4 is as tollows:_
Newry and Moume Developments Ltd

3. INTEREST PAYABLE
GROUP
2024
COMPANY
2024
2023
2023
On Bank. Loans. Overdrafts and other loans
Repayable within j years by installments
Repayable wholly or partly in more than 5 years
j.77?
7.006
10.778
j.?57
i.772
7.006
10.778
l i,O?O
4. PROFIT/(LOSS) ON ORDINARY ACTIVITIES
GROUP
2024
2023
COMPANY
2024
2023
Profitl(loss) on ordinary activities before
taxation is stated after char01n￿receiV7ng.
Charitable Donations
Depreciation
Auditors Remuneration
(40.000)
120.17i
5,iOO
(25.000)
121 ?51
(40.000)
117.40J
(?i,000)
118.481
4.750
5.0?5
5. DIRECTORS AND EMPLOYEES
GROUP
2024
COMPANY
2024
2023
2023
STAFF COSTS
Wages & Salaries
Social Security Costs
Other Pension Costs
4?6,041
i8,7i I
71.261
)J6.OJ)
41J.i90
40.)25
61.916
516.OJl
4?6.041
38.7il
41J.)90
40.525
61.916
i16.0)1
i36.0))
The average number of persons employed by the
company
12
6. TAXATION
2024
2023
The tax charge on ihe profitl(loss) for the year was as follows:
Corporation tax payable on the adjusted results for the year
Adjustment to previou5 year
The company obtained charitable status on 19th April ?0 l O and is ex¢mpt from Corporation Tax from that date.

7. TANGIBLE FIXED ASSETS
Fiitures &.
Equipment
Total
Buildings
GROUP SCHEDULE
COST SCHEDULE
Al l April ?O?-
Additions
Disposa15
Ai i l March ?0?4
5.794.8?0
980
980
794.8?0
)17.791
DEPRECIATION SCHEDULE
At l April ?O?-
Charge for Year
Disposals
Al J l March ?0?4
?.788.57?
1?0.171
? *?7.099
I lJ.OS6
?61.47J
7.08)
?.908.74i
?.640.1 s.f
?68.%)8
NET BOOK VALUE
i I st March ?024
j 703.868
J.154.6)5
J)
i 1st March ?0? j
).)?).059
J.267.7?1
The Net Book Value at ) I st March ?0?4 of the holdinv Compan)'s fi.Ked assets included are abO￿e are as folloi*s:
i.1 86.864
49.? jj
8. INVESTMENTS IN SUBSIDIARY & ASSOCIATED COMPANY
The tollowing amounts ￿e included in Ilie holdin(y Cornpan!, Balance Sheet
Par
Value
Share of
Oii'nership
Cost
Newry & Mourne Developments Ltd
Oriel Developments Ltd
Binnian Developments Lid
j5.770
100
?.000
45.7?0
NIA
NIA
78
50
50
Oriel Developments Ltd is a compan! limited b!, guarantee in which Newrv and Mourne Co-operative Limited
shares equal ownership witl) Co. Annagh Development Trust. The net asscts of the c.ompany at the last balance
sheet date were stated at £l.168.)48.
Binnian Developments Ltd is a company limited by guarantee in ivhich NeMiTh' and Mourne Co-operative Lirnited
shares equal ownership ¥vith Ki Ik-eel Development Association Ltd. The nel assets of the companv at the last
balance sheet date iiiere stated at £ l i1.7)?

9. CAPITAL COMMITMENTS
The coinpany did nol have any capital cornmitments as at ) I sr March ?0?4 noi already provided for in the
accounts.
10. CONTINGENT LIABILITIES
A Contingent liability exists to repay grants to Invest Nl and IFI in the event of the company ceasing to operate
as an Enrerprise Agenc}i or failinu to honour undertakinqs specified in the relevant agreernents.
I I. DEBTORS- (Due within one year)
GROUP
2024
2023
COMPANY
2024
2023
Trade Debtors
Amount due from Subsidiary
Due from Associaled Company
Other Debtor5
J?0.626
j?0.62i
71.9i7
15i.7iO
1.084
460.4?0
li),7)0
1.079
j?1.705
1.0?7
J9).884
J88.) l )
12. CASH AT BANK
The Work 4U Plus Bank Account is a separate designated bank account for tlie Work 4U Plus Prooramrne
funded by the Big Lottery Fund. These monTes are held restricted funds and only used for the puryoses of
delivering the Work4U Plus programme. During the financial year there w'ere transfers received into this account
?70.70. The balance on hand on this designated account at ) I st March 20?4
from the Big Lonery Fund totalling £)).
vas£16.li6.
13. CREDITORS- (Due within one year)
GROUP
2024
COMPANY
2024
2023
2023
Bank Loan & Overdraft
Creditors & Accruals
Taxation & Social Security
74.4)?
154.J70
74,4)?
188,426
74.4)?
li4.J)I
74,45?
188,J87
28? 197
i14.loi
28? 158
)14,066
14. CREDITORS- (Due after more than one year)
GROUP
2024
2023
COMPANY
2024
2023
Bank Loans & Overdrafts
?44.17J
J05.0?4
305.0?4

A loan of £JOO.000 Nl'as taken out ivith NeN4'r! Credit Union Ltd in Julv ?018 ivith a repai'ment period of ten
years. A further loan of £1 10.000 was taken out iviih Newry Credit Union Ltd in August ?0?? Thi securiti, held b
Newry Credit Union Lid consists of a first leoal chart)e Dver the ¢ompanv s le￿ehOld business units at Warr¢T)point
Enterprise Cenrre. Neivry Road. Warrenpoint. Co. Down. This loan replaced all previous business loanq with Ulster
Bank Lid w'ho relinquished all fomis of securitv held b!, that bank previouslv.
15. RESERVES
GROUP
CAPITAL PROFIT &.
RESERVE LOSS Alc
COMPANY
CAPITAL PROFIT &
RESERVE LOSS Alc
At 1st April ?0?"
Retained ProfiU(Loss) for the Year
Minority Interest Repaid
Amortisaiion of Grant
Grant Receivable
?.467.470
8?2.i91
(1.675)
?.457.470
9?0.141
(69.011)
(69.011)
At J 1st March ?0?4
?.)98.459
8?0.916
?,j88,4j9
The Capital Reserve in the Cornpanv Balance SheeL consisls of Government Grants received as explained in
nole l (iii).
An additional capital reserve arises on consolidation of the purchase b}, the companv of ?5.000 £ I 'B' Share< in
Newry and Mourne Developmenys Ltd al a priee of £15.000. in 1986.
16. DEFERRED TAX
Deferred tax is not applicable as the coiiipany obtained charitable status ivith effeci from 19 April ?0 l O.