IRIS Accounts Production v23.1.0.753 08418453 director 1.6.22 31.5.23 31.5.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084184532022-05-31084184532023-05-31084184532022-06-012023-05-31084184532021-05-31084184532021-06-012022-05-31084184532022-05-3108418453ns15:EnglandWales2022-06-012023-05-3108418453ns14:PoundSterling2022-06-012023-05-3108418453ns10:Director12022-06-012023-05-3108418453ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108418453ns10:SmallEntities2022-06-012023-05-3108418453ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108418453ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108418453ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3108418453ns10:FullAccounts2022-06-012023-05-3108418453ns10:RegisteredOffice2022-06-012023-05-3108418453ns5:CurrentFinancialInstruments2023-05-3108418453ns5:CurrentFinancialInstruments2022-05-3108418453ns5:Non-currentFinancialInstruments2023-05-3108418453ns5:Non-currentFinancialInstruments2022-05-3108418453ns5:ShareCapital2023-05-3108418453ns5:ShareCapital2022-05-3108418453ns5:RevaluationReserve2023-05-3108418453ns5:RevaluationReserve2022-05-3108418453ns5:RetainedEarningsAccumulatedLosses2023-05-3108418453ns5:RetainedEarningsAccumulatedLosses2022-05-3108418453ns5:LandBuildings2022-05-3108418453ns5:PlantMachinery2022-05-3108418453ns5:LandBuildings2022-06-012023-05-3108418453ns5:PlantMachinery2022-06-012023-05-3108418453ns5:LandBuildings2023-05-3108418453ns5:PlantMachinery2023-05-3108418453ns5:LandBuildings2022-05-3108418453ns5:PlantMachinery2022-05-3108418453ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108418453ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 08418453 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

New Ireland Limited

New Ireland Limited (Registered number: 08418453)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Ireland Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr A J McArthur





REGISTERED OFFICE: 4 Station Avenue
Tile Hill
Coventry
West Midlands
CV4 9HS





REGISTERED NUMBER: 08418453 (England and Wales)





ACCOUNTANTS: Sachdevs
Chartered Accountants
4 Station Avenue
Tile Hill
Coventry
West Midlands
CV4 9HS

New Ireland Limited (Registered number: 08418453)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 721,852 446,250

CURRENT ASSETS
Debtors 5 706,232 130,839
Cash at bank 3,152 5,392
709,384 136,231
CREDITORS
Amounts falling due within one year 6 51,739 16,509
NET CURRENT ASSETS 657,645 119,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,379,497

565,972

CREDITORS
Amounts falling due after more than
one year

7

825,926

417,083
NET ASSETS 553,571 148,889

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 223,750 -
Retained earnings 329,721 148,789
553,571 148,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

New Ireland Limited (Registered number: 08418453)

Balance Sheet - continued
31 May 2023


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 director and authorised for issue on 5 February 2024 and were signed by:





Mr A J McArthur - Director


New Ireland Limited (Registered number: 08418453)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

New Ireland Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year 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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

New Ireland Limited (Registered number: 08418453)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 446,250 - 446,250
Additions - 60,099 60,099
Revaluations 223,750 - 223,750
At 31 May 2023 670,000 60,099 730,099
DEPRECIATION
Charge for year - 8,247 8,247
At 31 May 2023 - 8,247 8,247
NET BOOK VALUE
At 31 May 2023 670,000 51,852 721,852
At 31 May 2022 446,250 - 446,250

Cost or valuation at 31 May 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost 446,250 60,099 506,349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 16,000
Other debtors 706,232 114,839
706,232 130,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 16,739 763
Taxation and social security 30,585 11,331
Other creditors 4,415 4,415
51,739 16,509

New Ireland Limited (Registered number: 08418453)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed to group undertakings 825,926 417,083

8. RESERVES
Revaluation
reserve
£   
Revaluation 223,750

At 31 May 2023 223,750