Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-22 false Production and trade of electricity The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 0 9 false true NI710466 2024-02-21 NI710466 2024-02-22 2025-02-28 NI710466 2023-02-22 2024-02-21 NI710466 2025-02-28 NI710466 c:CompanySecretary1 2024-02-22 2025-02-28 NI710466 c:Director1 2024-02-22 2025-02-28 NI710466 c:Director1 2025-02-28 NI710466 c:Director2 2024-02-22 2025-02-28 NI710466 c:Director2 2025-02-28 NI710466 c:Director3 2024-02-22 2025-02-28 NI710466 c:Director3 2025-02-28 NI710466 c:Director4 2024-02-22 2025-02-28 NI710466 c:Director4 2025-02-28 NI710466 c:Director5 2024-02-22 2025-02-28 NI710466 c:Director5 2025-02-28 NI710466 c:Director6 2024-02-22 2025-02-28 NI710466 c:Director6 2025-02-28 NI710466 c:Director7 2024-02-22 2025-02-28 NI710466 c:Director7 2025-02-28 NI710466 c:Director8 2024-02-22 2025-02-28 NI710466 c:Director8 2025-02-28 NI710466 c:RegisteredOffice 2024-02-22 2025-02-28 NI710466 d:CurrentFinancialInstruments 2025-02-28 NI710466 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 NI710466 d:RetainedEarningsAccumulatedLosses 2024-02-22 2025-02-28 NI710466 d:RetainedEarningsAccumulatedLosses 2025-02-28 NI710466 c:FRS102 2024-02-22 2025-02-28 NI710466 c:AuditExemptWithAccountantsReport 2024-02-22 2025-02-28 NI710466 c:FullAccounts 2024-02-22 2025-02-28 NI710466 c:CompanyLimitedByGuarantee 2024-02-22 2025-02-28 NI710466 e:PoundSterling 2024-02-22 2025-02-28 iso4217:GBP xbrli:pure

Unaudited Financial Statements NI Maritime & Offshore Limited For the period ended 28 February 2025 Registered number: NI710466
NI Maritime & Offshore Limited (A Company Limited by Guarantee)
Company Information
Directors | Stephen Kane (appointed 22 February 2024)
| William Hill (appointed 7 October 2024)
| Sammantha McCloskey (appointed 7 October 2024)
| Naoimh McConville (appointed 7 October 2024)
| Sean McCready (appointed 7 October 2024)
| John Patterson (appointed 7 October 2024)
| Michael Robinson (appointed 7 October 2024)
| Fiona Stevens (appointed 7 October 2024)
Company secretary | A&L Goodbody Northern Ireland LLP
Registered number | NI710466
Registered office | A&L Goodbody Northern Ireland LLP
| 42-46 Fountain Street
| Belfast
| BT1 5EF
Accountants | Grant Thornton Advisors (NI) LLP
| Chartered Accountants
| 12 - 15 Donegall Square West
| Belfast
| BT1 6JH
NI Maritime & Offshore Limited (A Company Limited by Guarantee)
Contents
| Page
Accountants' Report | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 - 6
Independent Accountant's Report to the directors of the unaudited financial statements of NI Maritime & Offshore Limited for the period ended 28 February 2025 In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of NI Maritime & Offshore Limited for the period ended 28 February 2025, which comprise the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us. The financial statements have been prepared on the basis set out in the notes to the financial statements. This report is made solely to the directors of NI Maritime & Offshore Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of NI Maritime & Offshore Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NI Maritime & Offshore Limited and its directors, as a body, for our work or for this report. We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements. You have approved the financial statements for the period ended 28 February 2025 and you have acknowledged on the Balance Sheet as at 28 February 2025 your duty to ensure that NI Maritime & Offshore Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that NI Maritime & Offshore Limited is exempt from the statutory audit requirement for the period ended 28 February 2025. We have not been instructed to carry out an audit or review the financial statements of NI Maritime & Offshore Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Grant Thornton Advisors (NI) LLP |
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH |
Date: 28 October 2025 Page 1
NI Maritime & Offshore Limited (A Company Limited by Guarantee) Registered number:NI710466
Balance Sheet As at 28 February 2025
|  | 2025
Note |  | £
Current assets |  |  |
Debtors: amounts falling due within one year | 5 | 3,450 |
Cash at bank and in hand | 6 | 65,515 |
|  | 68,965 |
Creditors: amounts falling due within one year | 7 | (52,744) |
Net current assets |  |  | 16,221
Total assets less current liabilities |  |  | 16,221
Net assets |  |  | 16,221
Capital and reserves |  |  |
Profit and loss account | 8 |  | 16,221
|  |  | 16,221
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. 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. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2025.
Sammantha McCloskey
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
NI Maritime & Offshore Limited (A Company Limited by Guarantee)
Notes to the Financial Statements For the period ended 28 February 2025
1. | General information
NI Maritime & Offshore Limited is a private company limited by guarantee and incorporated in Northern Ireland. The registered office is A&L Goodbody Northern Ireland Llp, 42-46 Fountain Street, Belfast, Northern Ireland, BT1 5EF. The principal activity of the company is the production and trade of electricity. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The financial statements are presented in Sterling (£). The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
NI Maritime & Offshore Limited (A Company Limited by Guarantee)
Notes to the Financial Statements For the period ended 28 February 2025 2.Accounting policies (continued)
| 2.4 | Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
NI Maritime & Offshore Limited (A Company Limited by Guarantee)
Notes to the Financial Statements For the period ended 28 February 2025
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the directors' opinions, there are no significant judgements, estimates and assumptions made about the recognition of assets, liabilities, incomes and expenses.
4. | Employees
The average monthly number of employees, including directors, during the period was 9.
5. | Debtors
|  |  |  |  | 2025
|  |  |  |  | £
| Trade debtors | 3,450
|  | 3,450
6. | Cash and cash equivalents
|  |  |  |  | 2025
|  |  |  |  | £
| Cash at bank and in hand | 65,515
|  | 65,515
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Corporation tax | 5,207
| Other taxation and social security | 1,570
| Other creditors | 2,267
| Accruals and deferred income | 43,700
|  | 52,744
Page 5
NI Maritime & Offshore Limited (A Company Limited by Guarantee)
Notes to the Financial Statements For the period ended 28 February 2025
8. | Reserves
Profit and loss account This includes all current period retained profits and losses.
9. | Company status
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
10. | Controlling party
The company is controlled by the Directors.
Page 6