REGISTERED NUMBER: 15968614 (England and Wales)

LLYR LIMITED

Financial Statements

FOR THE PERIOD

20th September 2024 to 30th November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

J G McCarthy

REGISTERED OFFICE:

46a Village Farm Industrial Estate

Pyle

Bridgend

Mid Glamorgan

CF33 6NU

REGISTERED NUMBER:

15968614 (England and Wales)

AUDITORS:

Johns Jones & Lo Limited

Chartered Accountants & Registered Auditors

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

FIXED ASSETS

Investments

4

4,020,000

CURRENT ASSETS

Debtors

5

840

CREDITORS

Amounts falling due within one year

6

4,042,151

NET CURRENT LIABILITIES

(4,041,311

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,311

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(22,311

)

SHAREHOLDERS' FUNDS

(21,311

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th June 2026 and were signed by:

J G McCarthy - Director

1.	STATUTORY INFORMATION

Llyr Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Recoverability of debtors

Estimation is involved in the assessment of the recoverability of debtors and the calculation of the associated bad debt provision. Factors such as the age of the debt, prior experience and recoverability statistics are included in management's assessment.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and other creditors. Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument has a variable interest rate the currently effective rate under the contract is used.

A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewards of ownership of the financial asset have been transferred to another party or when despite having retained some, but not substantially all, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern

These financial statements have been prepared on a going concern basis on the grounds that the Director considers that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

4,020,000

At 30th November 2025

4,020,000

NET BOOK VALUE

At 30th November 2025

4,020,000

The subsidiaries of Llyr Limited are J McCarthy Transport Limited and McCarthy Contractors (Bridgend) Limited. Both of which have the same registered office as Llyr Limited.

These companies were acquired on 29th October 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

840

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

800,704

Other creditors

3,241,447

4,042,151

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Lo (Senior Statutory Auditor)

for and on behalf of Johns Jones & Lo Limited

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30th November 2025:

£

J G McCarthy

Balance outstanding at start of period

-

Amounts advanced

381,276

Amounts repaid

(2,000,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(1,618,724

)

No interest is charged on the amounts owed to the director. The liability is repayable upon demand.

9.	RELATED PARTY DISCLOSURES

Included within other debtors are amounts owed by the shareholders for the acquisition of their shares in Llyr Limited.

Included within other creditors is £1,618,724 which is owed to E McCarthy, shareholder in Llyr Limited and director of its subsidiary companies.

10.	ULTIMATE CONTROLLING PARTY

There is no one individual or entity with control over Llyr Limited.

The entity is controlled by its shareholders.

11.	AUDITOR REPORT

The auditor's report is unqualified for the accounting period end 30th November 2025.