BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is to trade as a bookmakers. 23 April 2025 7 7 NI612944 2024-05-31 NI612944 2023-05-31 NI612944 2022-05-31 NI612944 2023-06-01 2024-05-31 NI612944 2022-06-01 2023-05-31 NI612944 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI612944 uk-curr:PoundSterling 2023-06-01 2024-05-31 NI612944 uk-bus:AbridgedAccounts 2023-06-01 2024-05-31 NI612944 uk-core:ShareCapital 2024-05-31 NI612944 uk-core:ShareCapital 2023-05-31 NI612944 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI612944 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI612944 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 NI612944 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI612944 uk-core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 NI612944 uk-bus:FRS102 2023-06-01 2024-05-31 NI612944 uk-core:LandBuildings 2023-06-01 2024-05-31 NI612944 uk-core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 NI612944 2023-06-01 2024-05-31 NI612944 uk-bus:Director1 2023-06-01 2024-05-31 NI612944 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
GH Newry Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 May 2024



GH Newry Ltd
Company Registration Number: NI612944
ABRIDGED BALANCE SHEET
as at 31 May 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 112,949 114,101
───────── ─────────
 
Current Assets
Cash and cash equivalents 1,121,935 1,273,326
Creditors: amounts falling due within one year (382,428) (363,089)
───────── ─────────
Net Current Assets 739,507 910,237
───────── ─────────
Total Assets less Current Liabilities 852,456 1,024,338
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 852,356 1,024,238
───────── ─────────
Shareholders' Funds 852,456 1,024,338
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 23 April 2025
           
           
           
________________________________          
Mr. Gregory Hughes          
Director          
           



GH Newry Ltd
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 31 May 2024

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 June 2022 100 1,000,668 1,000,768
───────── ───────── ─────────
Profit for the financial year - 23,570 23,570
───────── ───────── ─────────
At 31 May 2023 100 1,024,238 1,024,338
  ───────── ───────── ─────────
Profit for the financial year - 16,118 16,118
  ───────── ───────── ─────────
Payment of dividends - (188,000) (188,000)
  ───────── ───────── ─────────
At 31 May 2024 100 852,356 852,456
  ═════════ ═════════ ═════════



GH Newry Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 May 2024

   
1. General Information
 
GH Newry Ltd is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI612944. The registered office of the company is 3 Newry Street, Warrenpoint, Newry, Co. Down, BT34 3JZ, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound sterling (£) which is also the functional currency of the company.

These financial statements are for the individual entity GH Newry Ltd for the year ended 31 May 2024.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Fixtures, fittings and equipment - 12.5% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was
 
  2024 2023
  Number Number
 
Employees 7 7
  ═════════ ═════════
         
4. Tangible assets
  Land and Fixtures, Total
  buildings fittings and  
  freehold equipment  
  £ £ £
Cost
At 1 June 2023 90,000 40,488 130,488
Additions 4,800 - 4,800
  ───────── ───────── ─────────
At 31 May 2024 94,800 40,488 135,288
  ───────── ───────── ─────────
Depreciation
At 1 June 2023 3,601 12,786 16,387
Charge for the financial year 1,896 4,056 5,952
  ───────── ───────── ─────────
At 31 May 2024 5,497 16,842 22,339
  ───────── ───────── ─────────
Net book value
At 31 May 2024 89,303 23,646 112,949
  ═════════ ═════════ ═════════
At 31 May 2023 86,399 27,702 114,101
  ═════════ ═════════ ═════════
       
5. Pension costs -defined contribution
 
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension costs amounted to £2,533 (2023: £1,890).