METEOR MINING COMPANY LTD

Company Registration Number:
12965751 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2021

Period of accounts

Start date: 21 October 2020

End date: 31 October 2021

METEOR MINING COMPANY LTD

Contents of the Financial Statements

for the Period Ended 31 October 2021

Directors report
Balance sheet
Additional notes
Balance sheet notes

METEOR MINING COMPANY LTD

Directors' report period ended 31 October 2021

The directors present their report with the financial statements of the company for the period ended 31 October 2021

Principal activities of the company

Mining Investment

Political and charitable donations

None

Additional information

Included in Accounts Report



Directors

The director shown below has held office during the whole of the period from
21 October 2020 to 31 October 2021

John Falcon


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 November 2021

And signed on behalf of the board by:
Name: John Falcon
Status: Director

METEOR MINING COMPANY LTD

Balance sheet

As at 31 October 2021

Notes 2021


£
Called up share capital not paid: 1
Fixed assets
Intangible assets:   0
Tangible assets: 3 2,729
Investments: 4 3,267,833
Total fixed assets: 3,270,562
Current assets
Stocks:   0
Debtors: 5 483,333
Cash at bank and in hand: 2,223
Investments:   0
Total current assets: 485,556
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 6 ( 1,714,354 )
Net current assets (liabilities): (1,228,798)
Total assets less current liabilities: 2,041,765
Creditors: amounts falling due after more than one year: 7 ( 734,184 )
Provision for liabilities: ( 1,433,035 )
Accruals and deferred income: 0
Total net assets (liabilities): (125,454)
Capital and reserves
Called up share capital: 1
Profit and loss account: (125,455 )
Total Shareholders' funds: ( 125,454 )

The notes form part of these financial statements

METEOR MINING COMPANY LTD

Balance sheet statements

For the year ending 31 October 2021 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 November 2021
and signed on behalf of the board by:

Name: John Falcon
Status: Director

The notes form part of these financial statements

METEOR MINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    25%

    Valuation information and policy

    0.01% of Estimated Mineral Assets

METEOR MINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 2. Employees

    2021
    Average number of employees during the period 3

METEOR MINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 3,638 3,638
Disposals
Revaluations
Transfers
At 31 October 2021 3,638 3,638
Depreciation
Charge for year 909 909
On disposals
Other adjustments
At 31 October 2021 909 909
Net book value
At 31 October 2021 2,729 2,729

Correction

METEOR MINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

4. Fixed assets investments note

Investments based on 0.01% of initial estimated asset valuation at 31st October 2021

METEOR MINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

5. Debtors

2021
£
Trade debtors 483,333
Total 483,333

Loans included in Debtors

METEOR MINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

6. Creditors: amounts falling due within one year note

2021
£
Trade creditors 1,714,354
Total 1,714,354

METEOR MINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

7. Creditors: amounts falling due after more than one year note

2021
£
Other creditors 734,184
Total 734,184

METEOR MINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

8. Financial Commitments

Loan and Interest accrued and payable in 2023