Parc Emlyn Acquisitions Limited iXBRL

Company Registration Number: 07095498

Parc Emlyn Acquisitions Limited

Unaudited Financial Statements

for the financial year ended 31 December 2025

Parc Emlyn Acquisitions Limited

DIRECTOR AND OTHER INFORMATION


Director	Mr. Colum Carty


Company Secretary	Mr. Colum Carty


Company Registration Number	07095498


Business Address	Tycroes Farm Llandeilo Road, Gorslas
	SA147LW
	Wales


Accountants	Quarter
	Chartered Accountants
	St Anne's House
	15 Church Street
	Cathedral Quarter
	Belfast
	BT1 1PG

Parc Emlyn Acquisitions Limited

CHARTERED ACCOUNTANTS REPORT

to the Director on the Compilation of the unaudited financial statements of Parc Emlyn Acquisitions Limited

for the financial year ended 31 December 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 December 2025 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of Parc Emlyn Acquisitions Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position for the year ended 31 December 2025 your duty to ensure that Parc Emlyn Acquisitions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parc Emlyn Acquisitions Limited. You consider that Parc Emlyn Acquisitions Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Parc Emlyn Acquisitions Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

QUARTER

Chartered Accountants

St Anne's House

15 Church Street

Cathedral Quarter

Belfast

BT1 1PG

17 July 2026

Parc Emlyn Acquisitions Limited

Company Registration Number: 07095498

STATEMENT OF FINANCIAL POSITION

as at 31 December 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Financial assets

3,238,401

3,238,401

─────────

Current Assets

Receivables

854,988

854,988

Cash and cash equivalents

100

100

─────────

855,088

855,088

─────────

Payables: amounts falling due within one year

(5,462,451)

(5,462,451)

─────────

Net Current Liabilities

(4,607,363)

(4,607,363)

─────────

Total Assets less Current Liabilities

(1,368,962)

(1,368,962)

═════════

Equity

Called up share capital

500

500

Share premium account

199,600

199,600

Retained earnings

(1,569,062)

(1,569,062)

─────────

Equity attributable to owners of the company

(1,368,962)

(1,368,962)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 17 July 2026




________________________________
Mr. Colum Carty
Director

Parc Emlyn Acquisitions Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2025

General Information

Parc Emlyn Acquisitions Limited, company number 07095498, is a company limited by shares incorporated in the United Kingdom. Tycroes Farm, Llandeilo Road, Gorslas, Llanelli, Wales, SA14 7LW is the registered office, which is also the principal place of business of the company . The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.

Trade and other receivables

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other payables

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Going concern

As at 31 December 2025 Parc Emlyn Acquisitions Limited had a deficiency of assets of £1,368,962. Parc Emlyn Acquisitions Limited is the sole shareholder of Parc Emlyn Developments Limited. Parc Emlyn Developments Limited owns a plot of land for development in Carmarthenshire, Wales. It is the considered opinion of the directors that the current market value of this site is significantly in excess of the recorded cost amount in the Financial Statements of Parc Emlyn Developments Limited. As at 31 December 2025 the Financial Statements of Parc Emlyn Developments Limited included this land at cost of £4.199,313. It is the directors opinion that the current market value of this site is in the region of £6,000,000. Whilst the development of this site is progressing the company remains reliant on the ongoing support of its director and creditors. As such the financial statements have been prepared on a going concern basis.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).


5.	Financial fixed assets
		Group and
		participating
		interests/
		joint ventures
	Investments	£
	Cost

	At 31 December 2025	3,238,401
		─────────
	Carrying amount
	At 31 December 2025	3,238,401
		═════════
	At 31 December 2024	3,238,401
		═════════

5.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Parc Emlyn Developments Limited

United Kingdom

Property Development

Ordinary Shares - Class A, Class B, Class C and Class D

100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Year ended

Capital and

Profit for

reserves

the year

Parc Emlyn Developments Limited

31 December 2025

1,810,790

(11,115)

═════════

In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.


6.	Receivables	2025	2024
		£	£

	Amounts owed by group undertakings	854,988	854,988
		═════════	═════════

Payables

2025

2024

Amounts falling due within one year

Other creditors

3,898,971

3,898,971

Accruals

1,563,480

1,563,480

─────────

5,462,451

5,462,451

═════════

There is a joint and several guarantee between Parc Emlyn Acquisitions Limited and Parc Emlyn Developments Limited. This guarantee is and shall at all times be a continuing security and shall cover the ultimate balance from time to time owing to the Beneficiaries by the Borrowers in respect of the Guaranteed Obligations.

The Beneficiaries include:

Ian Cunningham

Michael Deegan

Fergal Gaughran

Colum Carty

John Ryan

Christopher Thomas Ruddle

Michael Anthony McDonagh

Des McDermott

Aisling Byrne

Dympna Deegan

Jane Gaughran

Parc Emlyn Developments Limited has provided a debenture, containing a fixed and floating charge covering all the property or undertaking of the company, to Mr Fergal Gaughran as the Security Trustee.

Reserves

Share Premium Reserve

The amount carried forward is the premium that arose from the issue of shares in 2010.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2025.

10.

Related party transactions

Transactions and balances with group companies:

Parc Emlyn Developments Limited

As at 1 January 2025, Parc Emlyn Developments Limited owed £854,988 to Parc Emlyn Acquisitions Limited

During the year, net transactions between the two entities are £Nil

As at 31 December 2025, Parc Emlyn Developments Limited owed £854,988 to Parc Emlyn Acquisitions Limited.

Sandyford Merchandise Limited

Colum Carty is a director in both Sandyford Merchandise Limited and Parc Emlyn Acquisitions Limited. As at 1st January 2025, Parc Emlyn Acquisitions owed £489,094 to Sandyford Merchandise Limited.

During the year there was no movement.

As at 31 December 2025, Parc Emlyn Acquisitions Limited owed £489,094 to Sandyford Merchandise Limited. This balance was included in other creditors.

11.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.