FINANCIAL STATCMCNTS
NEWRY AKD MOURNE CO-OPEIL4TtVE LIMITED
REGISTERED NUMBER . N120058
The Directors present their report aT]d accounts for the year ended 31 st March 2025. The Company
had a turnover of £1,033,753 during the year and produced a loss of £14,268. The members, loan
¢apital within the company is £35,179.
Principal Activities
The company's principal activity during the year continued to be the letting of business units at WIN
Business Park and W￿TenpOInt Enterprise Centr¢, togeth¢r with the development of new business and
employment in the local area. The company obtalned charitable sta￿S from HM Revenue & Customs to
reflect the activities and mission oethe ¢ompany. This was approved on 19th April 2010. The company
Iw also obtained succe5sfvI registration with the newly fornied Charity Commission for Northem.
Ireland. This became effective I st April 2016, registrdtion number 102246.
Directors
The following persons served as dire¢tors during th¢ year:
John Macmahon
Da￿Y Hyland
Peier McEvoy
Kevin Magill
Kevin Starrs
Konan Denmedy
Michael Hughes
Brendan Jackson
Disclosure of information to auditors
Each person who was a director at the time this report was approv¢d confjmis that:
- so far as they are aware, there is no relevant audit infomation of which the company's auditor
is unaware" and
- they have taken all the steps that they ought to have taken as a director in ordeT to make
themselve5 aware of any relevant audit inforn]ation and to estsblish that the company's auditor
is aware of that Infom￿tIOrt.
Sm211 company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Compantes Act
2006 applicable to companie5 subject to the small companies regime.
This report was approved by the board on 15th December 2025 and sign¢d on its behalf..
/fv,J/ 41
Michael Hughes
Director
*AEHP3Y8H*
18112f2025
. COMPANIES HOUSE
A08
#111

EWRY & MOIIRIYE CO.OPERATIVE LJTrttTED
STATETrtENf OF DIRECTORS, RESPONSIBILITLES
The directors are responsible for preparing the report and accounts in accordance with
applicable law and regulations.
Company law requires the directors to prepare accounts for each fmancial year. Under that law the
directors have elected to prepare the accounts in accordance with United Kingdorn Generally Acoepted
Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law
the directors must not approve the accounts unless they are satisfied that they give a true and fair view
of the state of affairs of the company and of the profit or loss of the company for that period. In
preparing these accounts, the directors are required to .
select suitable accounting poli¢ies and then apply them consistently"
make judgements and estimates that are reasonable and prudent.
prepare the accounts on the going concern basis unless it is inappropriate to presume
that the company will ￿ntinue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and
explain the company's transactions and disclose with reasonable accuracy at any time the financial
position of the company and enable them to ensure that the accounts comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the company and hence for taking
reasonable.steps for the prevention and detection of fraud and other irregularities.

NEWRY & MOURNE CO-OPERAT￿￿ LIIWllTED
PROF￿ & LOSS ACCOUNT
for the year ended 31st March 2025
Notes
2025
2024
Turnover
1.033,753
1.019,720
Gross Profit
Administrative Expenses
Other Profit before Exceptional Items
1,033,753
(1,062,353)
(28,600)
1,019,720
(1,043,330)
(23,610)
Exceptional Items:
Charitabl¢ Donations Received
30,000
40,000
Operating Profit after Exceptional Items
Interest Payable
1,400
(12,623)
16,390
(15.020)
Profit on Ord Activities before Tax
T&xation
(11,223)
1.370
Retained Profit for Year
(11,223)
1,370
The company had no recognised gains or losses for th¢ year other than the profit stated above.

NEWRY & MOURNE CINOPERATtVE LIMITED
BALANCE SHEET
As at3lstma￿h 2025
Notes
2025
2(124
FIXED ASSETS
Tangible Assets
Inv¢stsnenTS
3,082,204
37.820
3,120,024
3.186.864
37.820
3,224,684
CUBJENT ASSETS
DebtOTS
Big Lottery Work4U Bank Account
C￿h at Bank and in Hand
357,482
25,463
237.598
620.543
393,884
16,136
236,740
646,760
CURRENT LIABfLITIES. CREDITORS
Du¢ Within One Year
CurrentAssetsl(Liabilitic5)
TO￿ Assets Legs Current Liabilitie5
CREDITORS Du¢ aft¢r One Yèar
13
(294,677)
325,866
3.445.890
1180.975)
(282,158)
364.602
3.589.286
(244.173)
14
NrfASSETS
3,264,915
3.345.113
CAPITAL AND B£SERVES
MemEtrLoan Capitsl
Capital Reseryc
Profit & Loss Aeeount
35.179
1319.448
910,288
3.264.915
35,143
2J88,459
921,511
3.345.113
15
15
The accounts have been prepared and delivered in a¢cordance with the special provisions
applicable to companies subject to the srnall companies regim¢.
John M4cMahon. Dir¢ctor
Approved by the Board on 15th Deeernber 2025

NEWRY & MOURNE CO-OPERATIVE LIMITED
CONSOLIDATED PROFIT & LOSS ACCOUNT
for the year ended 31st March 2025
Notes
2025
2024
Turnover
1,033,753
1,019,720
Gross Profit
Administrative Expenses
Other Profit before Exceptional Items
1,033,753
(1,065.398)
(31,645)
1,019,720
(1,046.375)
(26,655)
Exceptional Items:
Charitable Donations Received
30,000
40,000
Operating Profit after Exceptional Items
In*rest Payable
(1,645)
(12,623)
13,345
(15,020)
Loss on Ord Activities before Tax
Taxation
(14,268)
(1.675)
Loss on Ord Activities after Taxation
Minority Interest
(14,268)
(1,675)
Retained Lossattributable to Members
(14,268)
(1,675)
The group had no recognised gains or losses for the year other than the loss stated above.

NEWRY & MOURNE CO-OPEIL4TIVE LIMITED
CONSOLIDATED BALANCE SHEET
As at 31st March 2025
Nfjtes
2025
2024
FIXED ASSETS
Tangible Assets
Inv¢stsnents
3,096.439
2,100
3,098,539
3,203,868
2.100
3.205,968
CURJiENT ASSETS
Debtors
Big Lottery Work4U Bank Account
Cash at Bth and 17) Hand
li
12
285,028
25,463
237,936
548,427
321,705
16,136
237,079
574,920
CURRENT LL4BILITIES- CREDITORS
Due Within One Year
13
(294.716)
1282,197)
Net Current Assetsl(Liabilili¢s)
253.711
292.723
Total Asscts Less Current Liabilities
3,352250
3.498.691
CREDITORS Due after One Year
14
(180.975)
(244,173)
NET ASSETS
3.171.275
3,254,518
CAPITAL AND RESERVES
MemE¢r LA)an Capital
Capiial Rcserv
Profit & Loss A¢¢ount
35.179
2,329,448
806,648
3.171,275
35,143
2,398.459
820.916
3.254,518
15
15
Minority Intertst
3,.l71,275
3254,518
Th¢ a¢¢ounts have been PreP￿ed and d¢livered in accordance with th¢ specia] provisions applicable to
omponie5 subject to the small companies rcgime.
Jokn Macmahon, Director
Approved by the Board on 15th Deccmber 2025

NEWRY & MOURNE CO-OPERATtVE LIMITED
Y40TES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
for the year ended 31st March 202S
I. ACCOUNTING POLICIES
Basis of Preparation
The accounts have been prepared under the historical Gost ¢onvention and in accordance with FRS102, The
Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (as applied to small entities by section
IA of the Standard).
Turnover
Consolidated turnover represents external sale5, rents and revenue grants for government schemes operated by the
group.
Depreciation
Depreciation has been provided on all fixed assets at rates calculated to write them off evenly over the expected
useful and working lives.
Capitsl Grants
Grants in respect of capita] expenditure have been credited to a Capital Reserve and an amount equivalent to the
annual depreciation on the relevant assets has been released to the Profit and Loss Account.
Debtors
Short term debtors are measured at transaction price (which 15 Usually the invoice price). les5 any impaiment losses
for bad and doubrful debts.
Creditors
Short teTm creditors are measured at transaction price (which is usually the invoice price). Loans and other
financlal liabilities are initially recognized at transaction price net of any transaction costs and subsequently
measured at amortised cost detemined using the effective interest method.
2. BASIS OF CONSOLIDATION
The consolidated Profit and Loss Account and Balance Sheet include the Assets, Liabilities and Trading results of
the Company and its subsidiary as defined in the Companies Act 2006. The Subsidiary company at 31 st March
2025 is as follows:.
Newry and Mourne Developments Ltd

3. INTEREST PAYABLE
GROLrp
2025
2024
CO￿[PANy
2025
2024
On Bank Loans, Overdrafts and other loans
- Repayable within 5 years by installments
- Repayable wholly or partly in more than 5 years
4,418
8205
12,623
5.257
9,763
15,020
4,418
8205
12.623
5257
9,763
15,020
4. PROFITI(LOSS) ON ORDINARY ACTIvrrtES
GROUP
2025
2024
coThtPANY
2025
2024
Profitl(loss) on ordinary activities before
tsxation is ststed after charginpJreceiving=
Charitsble Donations
Depreciation
Auditor5 Remuneration
(30,000) (40,000)
119.579
120,173
5,500
S,500
(30,000)
116,809
5225
(40,000)
117,403
5225
S. DIRECTORS AND EMPLOYEES
GROUP
2025
2024
COTrTrANY
2025
2024
STAFF COSTS
Wages & Salaries
Social Security Costs
Other Pension Costs
436,684
39.698
71,821
548203
426,041
38,731
71,261
536.033
436,684
39.698
71,821
548,203
426,041
38,731
71,261
536,033
The average number of persons employed by the
cornpany
12
12
& TAXATION
2025
2024
The tsx charge on the profitl(loss) for the year was as follows:
Corporation tsx payable on th¢ adjusted results for the year
Adjustment to previous year
The company obtained charitable status on 19th April 2010 and is exempt from Corporation Tax from that date.

7. TANGIBLE FIXED ASSETS
Land &
Buildings
Fixtures &
Equipment
Total
GROUP SCHEDULE
COST SCHEDULE
At l April 2024
Additions
Disposals
At 31 March 2025
6,112,611
12,l50
5.794,820
,790
317.791
3.360
6,124,761
5,803,610
321,151
DEPRECIATION SCHEDULE
At l April 2024
ch￿ge for Year
Disposals
At 31 March 2025
2.908,743
119,579
2,640,185
113,265
268,558
6.314
3,028,322
2,753,450
274,872
NET BOOK VALUE
31 st March 2025
3,096,439
3,050,160
46,279
3 1st March 2024
3203,868
3,154,635
49,233
The Net Book Value at 31 st March 2025 of the holding Company's fixed assets included are above are as follows:
46,280
3,082204
3,035,924
8. INVESTMENfs IN SUBS￿lARy & ASSOCIATED COMPANY
The following amounts are included in the holding Company Balance Sheet
Par
Value
Share of
Ownership
Cost
Newry & Mourne D¢velopments Ltd
Oriel Developments Ltd
Binnian Developments Ltd
35,720
100
2,000
45,720
NIA
NIA
78
50
50
Oriel Dcvelopments Ltd is a company limited by guarantee in whi¢h Newry and Mourn¢ Co-operative Limited
shares equal ownership with Co. Annagh Development TrusL The net assets of the Company at the last balance
sheet date were stated at £l.152,955.
Binnian Developments Ltd is a company Itmited by guarantee in which Newry and Moume Co-operative Limited
shares equal ovmership with Kilkeel Development Association Ltd. The net assets of the company at the last
balance 5h¢et date were stated at £150.087.

9. CAPITAL Comm￿MENTs
The company did not have any ¢apitsl commitments as at 31 st March 2025 not already provided for in the
accounts.
10. CONTINGENT LIABILITIES
A Contingent liability exists to repay gTants to Invest NI and IFI in the event of the company ceasing to operate
as an Enterprise Agency or failing to honour undertakings specified in the relevant a8re¢ments.
I I. DEBTORS- (Due within one year)
GROUP
2025
2024
coTrtPANY
2025
2024
Trade Debtors
Amount due from Subsidiary
Due from Associated Company
Other Debtors
28i,933
320,626
283,932
72,507
320,625
72232
1,095
285,028
1,079
321,705
1,043
357,482
1,027
393,884
12. CASH AT BANK
The Work 4U Plus Bank Account is a separate designated bank account for the Work 4U Plus Programme
funded by the Big Lottery Fund. These monies are held as restri¢ted fijnds and only used for the purposes oe
delivering the Work4U Plus programme. During the financial year there were transfers re¢eived into this account
from the Big Lottery Fund totslling £106,476. The balance on hand on this deSi￿at¢d account at 3 1st March 2025
was £25,463.
13. CREDITORS- IDue withiD one yeor)
GROUP
2025
2024
COIViPANY
202S
2024
Bank Loan & Overdraft
Creditors & Accruals
T&xation & Social Security
74,452
176,695
43,569
74,452
l54.370
53,375
74,452
176,656
43.569
74,452
154,331
53,375
294,716
282,197
294,677
282,158
14. CREDTTORS- (Due #fter more thaD one year)
GROUP
2025
COMPANY
2025
2024
2024
Bank LK)8ns & Overdrafts
180,975
244,173
180,975
244,173
10

A102n of £300,000 was taken out with Nevry 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
Ne￿Y Credit Union Ltd ¢onsists of a first legal charge over the company's leasehold business units at Warrenpoint
Enterprise Centre, Newry Road. Warrenpoinl Co. DoMTr. This loan repla¢ed all previous business loans with U15ter
Bank Ltd who relinquished all forms of security held by that bank previously.
15. RESERVES
GROUP
CAPITAL PROFIT &
RESERVE LOSS AIC
COMPANY
CAPITAL PROFIT
RESERVE LOSS AIC
At 1st April 2024
Retsined ProfiU(Loss) for the Year
Minority Interest Repaid
Amortisation of Grant
Grant Receivable
2,398,459
820,9I6
(14,268)
2,388,459
921,511
(11,223)
(69,011)
(69.011)
At 31 st March 2025
2,329,448
806,648
2,319.448
910,288
The Capital Reserve in the Company Balance SheeL consists of Government Grants received as explained in
note l{iii).
An additional capitsl reserve arises on consolidation of the purchase by the ¢ompany of 25,000 £1 'B' Share5 in
Newry and Mourne Developments Ltd at a price of £15,000, in 1986.
16. DEFERRED TAX
Deferred tsx is not applicable as the company obtsined Gharitable status with effect from 19 April 2010.