EML Heathervale House Limited iXBRL

Company Registration Number: 09515882

EML Heathervale House Limited

Unaudited Financial Statements

for the financial period ended 31 December 2025

EML Heathervale House Limited

DIRECTORS AND OTHER INFORMATION


Directors	Mr E Laverty
	Mrs M Laverty


Company Secretary	Ms I Gillis


Company Registration Number	09515882


Registered Office	Drury Works
	4 Parker Street
	London
	WC2B 5PH
	United Kingdom


Accountants	ASM (M) Ltd
	Chartered Accountants
	The Diamond Centre
	Market Street
	Magherafelt

EML Heathervale House Limited

ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of EML Heathervale House Limited

for the financial period ended 31 December 2025

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 period 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 Board of Directors of EML Heathervale House Limited, as a body, 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 Board of Directors 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 Board of Directors, as a body, for our work or for this report.

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

You have acknowledged on the Statement of Financial Position for the period ended 31 December 2025 your duty to ensure that EML Heathervale House 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 EML Heathervale House Limited. You consider that EML Heathervale House Limited is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of EML Heathervale House 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.

ASM (M) LTD

Chartered Accountants

The Diamond Centre

Market Street

Magherafelt

11 September 2026

EML Heathervale House Limited

Company Registration Number: 09515882

STATEMENT OF FINANCIAL POSITION

as at 31 December 2025

Dec 25

Sep 24

Notes

Fixed Assets

Tangible assets

8,950,000

8,200,000

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Current Assets

Receivables

1,406

4,196

Cash and cash equivalents

312,885

265,852

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314,291

270,048

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Payables: amounts falling due within one year

(5,001,845)

(1,388,815)

─────────

Net Current Liabilities

(4,687,554)

(1,118,767)

─────────

Total Assets less Current Liabilities

4,262,446

7,081,233

Payables:

amounts falling due after more than one year

(7,795,000)

(11,526,208)

Provisions for liabilities

(141,185)

(107,677)

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Net Liabilities

(3,673,739)

(4,552,652)

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

(3,673,839)

(4,552,752)

─────────

Equity attributable to owners of the company

(3,673,739)

(4,552,652)

═════════

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 Directors' Report.

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

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

The directors acknowledge their 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 period and of its profit and loss for the financial period 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 Board and authorised for issue on 11 September 2026 and signed on its behalf by



________________________________
Mr E Laverty
Director

EML Heathervale House Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial period ended 31 December 2025

General Information

EML Heathervale House Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 09515882. The registered office of the company is Drury Works, 4 Parker Street, London, WC2B 5PH, United Kingdom. The nature of the company's operations and its principal activities are set out in the Directors' 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 financial period 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.

Turnover

Turnover excludes VAT and represents rental income for the letting of commercial property.

Cash flow exemption

Under the small entity provision within FRS102 Section 1A small companies can claim exemption from preparing a cash flow statement.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(d) Disclosures in respect of share-based payments have not been presented.

(e) No disclosure has been given for the aggregate remuneration of key management personnel.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period 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 Statement of Financial Position 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.

Significant accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. In assessing the fair value of the property, the directors took into consideration local property prices, the current rental agreement in place on the property and the rental market in the local area.

Period of financial statements

The financial statements are for the 15 month period ended 31 December 2025.

Going concern

The Company made a profit during the period ended 31 December 2025 but, at that date, the Company's liabilities exceeded its assets.

After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Employees

The average monthly number of employees, including directors, during the financial period was 0, (Sep 24 - 0).

Tangible assets

Investment

Total

properties

Cost or Valuation

At 1 October 2024

8,200,000

Revaluation

750,000

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At 31 December 2025

8,950,000

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Depreciation

At 1 October 2024

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At 31 December 2025

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Net book value

At 31 December 2025

8,950,000

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At 30 September 2024

8,200,000

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The fair value of property at December 2025 was determined by the Company Directors. In assessing the fair value of the properties, the directors took into consideration local property prices and prevailing conditions in the local market.

Receivables

Dec 25

Sep 24

Prepayments and accrued income

1,406

4,196

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Trade receivables are stated after provisions for impairment of £Nil (2024: £Nil).


9.	Payables	Dec 25	Sep 24
	Amounts falling due within one year	£	£

	Bank loan	3,406,385	160,000
	Trade payables	60,000	62,159
	Taxation (Note 11)	36,674	37,210
	Other creditors	628	-
	Accruals and deferred income	1,498,158	1,129,446
		─────────	─────────
		5,001,845	1,388,815
		═════════	═════════

10.

Payables

Dec 25

Sep 24

Amounts falling due after more than one year

Bank loan

3,906,208

Amounts owed to group undertakings

7,795,000

7,620,000

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7,795,000

11,526,208

═════════

Loans

Repayable in one year or less, or on demand (Note 9)

3,406,385

160,000

Repayable between one and two years

3,906,208

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3,406,385

4,066,208

═════════

The bank loan is repayable in December 2026 and is secured by a fixed and floating charge over the property, including a priority agreement in respect of debt in the Company.


11.	Taxation	Dec 25	Sep 24
		£	£

	Payables:
	VAT	27,210	37,210
	Corporation tax	9,464	-
		─────────	─────────
		36,674	37,210
		═════════	═════════

12.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

Dec 25

Sep 24

At financial period start

107,677

107,677

77,617

Charged to profit and loss

33,508

33,508

30,060

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At financial period end

141,185

107,677

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13.

Capital commitments

The Company had no capital commitments at 31 December 2025 or at September 2024.

14.

Contingent liabilities

The Company had no contingent liabilities at 31 December 2025 or at 30 September 2024.

15.

Related party transactions

The Company has taken the advantage of the exemption under FRS 102 Section 33.1A not to disclose transactions with entities that are part of the group.

16.

Events After the End of the Reporting Period

There have been no significant events affecting the Company since the financial period-end.

17.

Called up share capital

Issued, called up and fully paid

Dec 25

Sep 24

Ordinary shares of £0.01 each

100

100

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The Company did not issue any shares during the period.

18.

Approval of the financial statements

The board of Directors approved the financial statements for issue on 11 September 2026.