BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the ownership of mineral exploration licenses. 27 March 2025 1 1 09849804 2024-03-31 09849804 2023-03-31 09849804 2022-03-31 09849804 2023-04-01 2024-03-31 09849804 2022-04-01 2023-03-31 09849804 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09849804 uk-curr:PoundSterling 2023-04-01 2024-03-31 09849804 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09849804 uk-bus:FullAccounts 2023-04-01 2024-03-31 09849804 uk-core:ShareCapital 2024-03-31 09849804 uk-core:ShareCapital 2023-03-31 09849804 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 09849804 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09849804 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 09849804 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 09849804 uk-bus:FRS102 2023-04-01 2024-03-31 09849804 uk-bus:Audited 2023-04-01 2024-03-31 09849804 uk-core:WithinOneYear 2024-03-31 09849804 uk-core:WithinOneYear 2023-03-31 09849804 uk-core:ParentEntities 2023-04-01 2024-03-31 09849804 uk-core:UltimateParent 2023-04-01 2024-03-31 09849804 uk-countries:England 2023-04-01 2024-03-31 09849804 uk-bus:Director1 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP iso4217:USD xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: 09849804
 
 
Antrim Metals Limited
 
Financial Statements
 
for the financial year ended 31 March 2024
Antrim Metals Limited
Company Registration Number: 09849804
Statement of Financial Position
as at 31 March 2024

2024 2023
Notes £ £
 
Current Assets
Debtors 6 13,620 11,925
Creditors: amounts falling due within one year 7 (291,488) (262,159)
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Net Current Liabilities (277,868) (250,234)
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Total Assets less Current Liabilities (277,868) (250,234)
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Capital and Reserves
Called up share capital 16 16
Retained earnings (277,884) (250,250)
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Equity attributable to owners of the company (277,868) (250,234)
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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.
           
Approved by the Director and authorised for issue on 21 March 2025
           
           
________________________________          
Mehmet Evran          
Director          
           



Antrim Metals Limited
Notes to the Financial Statements
for the financial year ended 31 March 2024

   
1. General Information
 
Antrim Metals Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is 128 City Road, London, EC1V 2NX, England which is also the principal place of business of the company. The principal activity of the company is the ownership of mineral exploration licenses. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. 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 March 2024 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.
 
Exploration expenditure
All exploration expenditure is incurred on early stage exploration activities and is expensed as incurred.
 
Trade and other debtors
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 creditors
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 Statement of Financial Position date. No deferred tax asset has been recognised arising from the tax losses incurred by the company due to the uncertainty around the use of these losses in future periods.
 
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.
 
Research and development
Development expenditure is written off to the Income Statement in the year in which it is incurred.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The company recorded a loss for the period and reported net liabilities at 31 March 2024. The company is dependent on its parent, Koza Ltd, to provide continued funding as required to meet its financial commitments as they fall due. With continued support from the parent entity, the directors conclude that the company will have sufficient resources to meet its obligations for a period of at least 12 months from the date of approval of the financial statements. On this basis, the Directors have concluded that it is appropriate to apply the going concern principle in preparing the financial statements.
   
4. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. The following are the matters to which the auditors were required to refer by way of emphasis
 
Emphasis of Matter
In forming our opinion, which is not qualified, we have considered the adequacy of the disclosures made in note 3 to the financial statements concerning the company's ability to continue as a going concern.
 
The financial statements were audited by HCA Chartered Accountants Ltd.
The Auditor's Report was signed by Brian Hegarty (Senior Statutory Auditor) for and on behalf of HCA Chartered Accountants Ltd on 27th March 2025.
 
       
5. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Directors 1 1
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Prepayments and accrued income 13,620 11,925
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Amounts owed to connected parties (Note 9) 81,569 57,350
Amounts due to former shareholder 197,744 197,744
Accruals 12,175 7,065
  ───────── ─────────
  291,488 262,159
  ═════════ ═════════
 
Included within creditors are amounts totalling £197,744 which were paid by a former shareholder in relation to the company's operational costs in previous periods. While this balance has historically been recorded as a creditor, the company does not expect these amounts will be repayable to the former shareholder.
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2024.
       
9. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
The following amounts are due to other connected parties:
  2024 2023
  £ £
 
Koza Ltd 81,569 57,350
  ═════════ ═════════
 
In the period Koza Ltd, made payments to or on behalf of the company totalling £24,219 (2023: - £32,807).  At 31 March 2024 Antrim Metals Limited owed a balance of £81,569, (2023: £57,350).
   
10. Parent and ultimate parent company
 
The company regards Koza Ltd as its parent company.
 
The companys ultimate parent undertaking is IPEK Investment Limited, a company incorporated in England.
The address of IPEK Investment Limited is United Kingdom.
 
   
11. Controlling interest
 
The single controlling party is Koza Ltd.
   
12. Events After the End of the Reporting Period
 
There have been on significant events affecting the company after the year end.
       
13. Share Capital
 
The company has 20 ordinary shares of $1 each.

 
  2024 2023
  £ £
 
Ordinary Shares 16 16
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