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REGISTERED NUMBER: 14477383 (England and Wales)















Financial Statements

for the Period 11 November 2022 to 31 December 2023

for

Kodal Mining UK Limited

Kodal Mining UK Limited (Registered number: 14477383)






Contents of the Financial Statements
for the Period 11 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kodal Mining UK Limited

Company Information
for the Period 11 November 2022 to 31 December 2023







DIRECTORS: B M Aylward
Y Cai
L Teng
S E Zaninovich





SECRETARY: Ms S Parker





REGISTERED OFFICE: Prince Frederick House
4th Floor
35-39 Maddox Street
London
W1S 2PP





REGISTERED NUMBER: 14477383 (England and Wales)





AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Kodal Mining UK Limited (Registered number: 14477383)

Balance Sheet
31 December 2023

Notes $    $   
FIXED ASSETS
Investments 4 10,000

CURRENT ASSETS
Debtors 5 14,580,812
Cash at bank 90,942,333
105,523,145
CREDITORS
Amounts falling due within one year 6 128,345
NET CURRENT ASSETS 105,394,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,404,800

CREDITORS
Amounts falling due after more than one year 7 11,103,875
NET ASSETS 94,300,925

CAPITAL AND RESERVES
Called up share capital 12,500
Share premium 94,340,000
Retained earnings (51,575 )
94,300,925

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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





B M Aylward - Director


Kodal Mining UK Limited (Registered number: 14477383)

Notes to the Financial Statements
for the Period 11 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

Kodal Mining UK 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Kodal Mining UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Kodal Mining UK Limited (Registered number: 14477383)

Notes to the Financial Statements - continued
for the Period 11 November 2022 to 31 December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$   
COST
Additions 10,000
At 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 10,000

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
$   
Amounts owed by group undertakings 14,580,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
$   
Trade creditors 84,593
Other creditors 43,752
128,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
$   
Amounts owed to group undertakings 11,103,875

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

The Report of the Auditors was unqualified.

Ahsan Khan (Senior Statutory Auditor) (Senior Statutory Auditor)
for and on behalf of Cartwrights

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.