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Registered number: NI050512
Newgrange Homes Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
JAMES SAVAGE & CO
88 LISTOODER ROAD
SAINTFIELD
BT24 7JX
Newgrange Homes Limited
Contents
Contents

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

Page 1
Newgrange Homes Limited
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: NI050512

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 14,391 |  | 17,989
|  |  | 14,391 |  | 17,989
CURRENT ASSETS
Stocks | 5 | 698,094 |  | 687,950 |
Debtors | 6 | 930 |  | 1,116 |
Cash at bank and in hand |  | 3,430 |  | 8,255 |
|  | 702,454 |  | 697,321 |
Creditors: Amounts Falling Due Within One Year | 7 | (5,216 ) |  | (235,800 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 697,238 |  | 461,521
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 711,629 |  | 479,510
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (703,331 ) |  | (473,508 )
NET ASSETS |  |  | 8,298 |  | 6,002
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 8,198 |  | 5,902
SHAREHOLDERS' FUNDS |  |  | 8,298 |  | 6,002

Page 1
Page 2
Newgrange Homes Limited
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Kenneth Lunn Director
23/02/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Newgrange Homes Limited
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Newgrange Homes Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI050512 . The registered office is 35 Hillsborough Rd, Dromore, Co Down, BT25 1DE.
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 | 20%

2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.4. 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: NIL (2024: 3)
- 3
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost or Valuation
As at 1 June 2024 | 32,445
As at 31 May 2025 | 32,445
Depreciation
As at 1 June 2024 | 14,456
Provided during the period | 3,598
As at 31 May 2025 | 18,054
Net Book Value
As at 31 May 2025 | 14,391
As at 1 June 2024 | 17,989

Page 3
Page 4
Newgrange Homes Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 698,094 |  | 687,950

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | - |  | 1,116
VAT | 930 |  | -
| 930 |  | 1,116

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 4,326 |  | -
Trade creditors | - |  | 200,000
Accruals and deferred income | 890 |  | 800
Director's loan account | - |  | 35,000
| 5,216 |  | 235,800

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 10,217
Bank loans | 8,587 |  | 13,201
Directors loan account | 694,744 |  | 450,090
| 703,331 |  | 473,508

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 4,326 |  | -
Later than one year and not later than five years | - |  | 10,217
| 4,326 |  | 10,217
| 4,326 |  | 10,217

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 4