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Registration number: 11446945

New Ground Group Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

New Ground Group Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

New Ground Group Ltd

(Registration number: 11446945)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 54,145 | 36,465
Tangible assets | 5 | 250,807 | 308,736
|  | 304,952 | 345,201
Current assets |  |  |
Stocks | 6 | 27,578 | 20,770
Debtors | 7 | 118,489 | 84,302
Cash at bank and in hand |  | 94,137 | 67,636
|  | 240,204 | 172,708
Creditors: Amounts falling due within one year | 8 | (164,389) | (105,934)
Net current assets |  | 75,815 | 66,774
Total assets less current liabilities |  | 380,767 | 411,975
Creditors: Amounts falling due after more than one year | 8 | - | (5,333)
Net assets |  | 380,767 | 406,642
Capital and reserves |  |  |
Called up share capital | 9 | 314 | 314
Share premium reserve |  | 864,346 | 864,346
Retained earnings |  | (483,893) | (458,018)
Shareholders' funds |  | 380,767 | 406,642

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

New Ground Group Ltd

(Registration number: 11446945)
Balance Sheet as at 31 July 2025

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.

Approved and authorised by the Board on 3 June 2026 and signed on its behalf by:

......................................... Mr D H Morris Director |  |

New Ground Group Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom .

The address of its registered office is:
Workshop, r/o Simon House
Windmill Road
Headington
Oxford
OX3 7BU

These financial statements were authorised for issue by the Board on 3 June 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

New Ground Group Ltd

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

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.

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
Leasehold Improvements | Straight line over the life of the lease
Plant and Machinery | 10yrs straight line
Equipment | 7yrs straight line
Computer Equipment | 7yrs straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Other intangible assets | 10yrs 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. A provision for the impairment of trade debtors is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

New Ground Group Ltd

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

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 at the transaction price.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 22 (2024 - 24).

New Ground Group Ltd

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

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 50,899 | 50,899
Additions acquired separately | 25,300 | 25,300
At 31 July 2025 | 76,199 | 76,199
Amortisation
At 1 August 2024 | 14,434 | 14,434
Amortisation charge | 7,620 | 7,620
At 31 July 2025 | 22,054 | 22,054
Carrying amount
At 31 July 2025 | 54,145 | 54,145
At 31 July 2024 | 36,465 | 36,465

New Ground Group Ltd

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

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 278,107 | 156,334 | 11,995 | 446,436
Additions | - | 8,100 | - | 8,100
Disposals | - | (35,662) | - | (35,662)
At 31 July 2025 | 278,107 | 128,772 | 11,995 | 418,874
Depreciation
At 1 August 2024 | 64,028 | 68,530 | 5,142 | 137,700
Charge for the year | 30,409 | 14,498 | 1,714 | 46,621
Eliminated on disposal | - | (16,254) | - | (16,254)
At 31 July 2025 | 94,437 | 66,774 | 6,856 | 168,067
Carrying amount
At 31 July 2025 | 183,670 | 61,998 | 5,139 | 250,807
At 31 July 2024 | 214,079 | 87,804 | 6,853 | 308,736

Included within the net book value of land and buildings above is £183,670 (2024 - £214,079) in respect of long leasehold land and buildings.

6 | Stocks

| 2025 £ | 2024 £
Merchandise | 26,578 | 20,270
Other inventories | 1,000 | 500
| 27,578 | 20,770

New Ground Group Ltd

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

7 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 99,299 | 72,116
Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | - | 430
Prepayments |  | 15,082 | 10,741
Other debtors |  | 4,108 | 1,015
|  | 118,489 | 84,302

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 5,333 | 6,400
Trade creditors |  | 96,906 | 66,836
Taxation and social security |  | 40,896 | 19,665
Accruals and deferred income |  | 5,428 | 2,620
Other creditors |  | 15,826 | 10,413
|  | 164,389 | 105,934

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | - | 5,333

New Ground Group Ltd

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

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A Shares of £0.00 each | 1,000,000 | 100.00 | 1,000,000 | 100.00
Ordinary B Shares of £0.00 each | 1,165,883 | 116.59 | 1,165,883 | 116.59
Ordinary C Shares of £0.00 each | 978,680 | 97.87 | 978,680 | 97.87
| 3,144,563 | 314 | 3,144,563 | 314

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 5,333

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 5,333 | 6,400