Registration number: NI685847

Kilcoo Regeneration Group Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Kilcoo Regeneration Group Limited

Company Information

Directors

Roger Morgan Mabel McCarthy John Devlin Gabrielle Fitzpatrick Mary Sloan Noirin Madine

Registered office

121/123 Dublin Road Kilcoo Newry Co Down BT34 5HP

Kilcoo Regeneration Group Limited

(Registration number: NI685847)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	336,623	335,829
Current assets
Debtors	5	2,698	-
Cash at bank and in hand		62,655	81,756
		65,353	81,756
Creditors: Amounts falling due within one year	6	(15,849)	(20,640)
Net current assets		49,504	61,116
Total assets less current liabilities		386,127	396,945
Creditors: Amounts falling due after more than one year	6	(122,634)	(131,218)
Net assets		263,493	265,727
Reserves
Retained earnings		263,493	265,727
Surplus		263,493	265,727

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Kilcoo Regeneration Group Limited

(Registration number: NI685847)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 9 January 2026 and signed on its behalf by:
 

......................................... Roger Morgan Director

......................................... Mabel McCarthy Director

Kilcoo Regeneration Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a company limited by guarantee, incorporated in United Kingdom , and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
121/123 Dublin Road
Kilcoo
Newry
Co Down
BT34 5HP

These financial statements were authorised for issue by the Board on 9 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Kilcoo Regeneration Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land & buildings	2% Straight line
Fixtures & fittings	20% Straight line
Office Equipment	20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Kilcoo Regeneration Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 0).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	330,000	11,440	341,440
Additions	-	10,027	10,027
At 31 March 2025	330,000	21,467	351,467
Depreciation
At 1 April 2024	4,950	661	5,611
Charge for the year	6,600	2,633	9,233
At 31 March 2025	11,550	3,294	14,844
Carrying amount
At 31 March 2025	318,450	18,173	336,623
At 31 March 2024	325,050	10,779	335,829

Included within the net book value of land and buildings above is £318,450 (2024 - £325,050) in respect of freehold land and buildings.
 

Kilcoo Regeneration Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

	2025 £	2024 £
Other debtors	2,698	-
	2,698	-

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	14,012	19,440
Taxation and social security		577	-
Accruals and deferred income		1,260	1,200
		15,849	20,640

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	122,634	131,218

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	122,634	131,218

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	14,012	19,440