Parnell Capital Ltd

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

Registered number: 09353784

		2025		2024
	Notes	€	€	€	€
FIXED ASSETS
Investments	4		1,000		1,000

			1,000		1,000
CURRENT ASSETS
Cash at bank and in hand		27		27

		27		27
Creditors: Amounts Falling Due Within One Year	5	(1,097 )		(1,097 )

NET CURRENT ASSETS (LIABILITIES)			(1,070 )		(1,070 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(70 )		(70 )

NET LIABILITIES			(70 )		(70 )

CAPITAL AND RESERVES
Called up share capital	6		3		3
Profit and Loss Account			(73 )		(73 )

SHAREHOLDERS' FUNDS			(70)		(70)

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Parnell Capital Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 Brian Byrne

Director

31/08/2026

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

1. General Information

Parnell Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09353784 . The registered office is Kings House, 3rd Floor, Kymberley Road, Harrow, HA1 1PT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Taxation

Current tax is recognised on taxable profits for the year using tax rates enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of timing differences in accordance with FRS 102.

2.4. Cash at Bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and bank

overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.5. Functional and Presentation Currency

The financial statements are presented in euro, which is the Company's functional and presentation currency

2.6. Investments

Investments in subsidiary undertakings are stated at cost less provision for impairment.

3. Average Number of Employees

The average number of employees employed during the year was: NIL (2024: 2)

4. Investments

	Unlisted
	€
Cost or Valuation
As at 1 January 2025	1,000

As at 31 December 2025	1,000

Provision
As at 1 January 2025	-

As at 31 December 2025	-

...CONTINUED

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Parnell Capital Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	1,000

As at 1 January 2025	1,000

Investments in subsidiary undertakings

Subsidiary Country Incorporated Class of Shares Holding

Ardent Tide Properties Ltd Republic of Ireland Ordinary Shares 100%

The aggregate capital and reserves of Ardent Tide Properties Ltd at 31 December 2025 were €749,602 and its profit/(loss) for the year was €607,614.

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	€	€
Other creditors	97	97
Other creditors BCB Cap Ltd	500	500
Other creditors Chg 1 Ltd	500	500

	1,097	1,097

6. Share Capital

	2025	2024
	€	€
Allotted, Called up and fully paid	3	3

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