Mournebuilt Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI635775

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,870		7,827

			5,870		7,827
CURRENT ASSETS
Stocks	5	241,776		241,776
Debtors	6	-		9,568
Cash at bank and in hand		926		894

		242,702		252,238
Creditors: Amounts Falling Due Within One Year	7	(26,478 )		(39,291 )

NET CURRENT ASSETS (LIABILITIES)			216,224		212,947

TOTAL ASSETS LESS CURRENT LIABILITIES			222,094		220,774

NET ASSETS			222,094		220,774

CAPITAL AND RESERVES
Called up share capital	8		80,000		80,000
Profit and Loss Account			142,094		140,774

SHAREHOLDERS' FUNDS			222,094		220,774

Page 1

Page 2

Mournebuilt Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Glyn John Mitchell

Director

24th July 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Mournebuilt Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI635775 . The registered office is 199 KILLOWEN ROAD, ROSTREVOR, BT34 3AH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% Reducing Balance

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 February 2024	32,987

As at 31 January 2025	32,987

Depreciation
As at 1 February 2024	25,160
Provided during the period	1,957

As at 31 January 2025	27,117

Net Book Value
As at 31 January 2025	5,870

As at 1 February 2024	7,827

5. Stocks

	2025	2024
	£	£
Stock	241,776	241,776

Page 3

Page 4

Mournebuilt Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	5,000
Other debtors	-	4,568

	-	9,568

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	16,542	36,791
Amounts owed to participating interests	7,436	-
Other creditors	2,500	2,500

	26,478	39,291

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	80,000	80,000