SPIN MINING AND METALS LIMITED

Company Registration Number:
12382900 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

SPIN MINING AND METALS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

SPIN MINING AND METALS LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Investments: 3 1 1
Total fixed assets: 1 1
Current assets
Debtors: 4 70,000 70,000
Cash at bank and in hand: 1 1
Total current assets: 70,001 70,001
Creditors: amounts falling due within one year: 5 (87,000) (87,000)
Net current assets (liabilities): (16,999) (16,999)
Total assets less current liabilities: (16,998) (16,998)
Creditors: amounts falling due after more than one year: 6 (17,828) (17,828)
Total net assets (liabilities): (34,826) (34,826)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (34,827) (34,827)
Shareholders funds: (34,826) (34,826)

The notes form part of these financial statements

SPIN MINING AND METALS LIMITED

Balance sheet statements

For the year ending 31 December 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 September 2025
and signed on behalf of the board by:

Name: G B Paterson
Status: Director

The notes form part of these financial statements

SPIN MINING AND METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

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

SPIN MINING AND METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

SPIN MINING AND METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed investments

As at 31 December 2023 and 31 December 2024 £1 Ownership of 100% of shares of Spin Mining and Metals Zambia Limited

SPIN MINING AND METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 70,000 70,000

Trade debtors

SPIN MINING AND METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Balance as at 31 December 2023 and 2024 Provisions against losses on legal action £ 85,000 Accruals £ 2,000 TOTAL £ 87,000 The Company purchased 100% of the shares of Spin Mining and Metals Zambia limited during 2023. The Company accrued revenue from a mineral transaction of £80,000 during 2023 in Zambia. There is the potential for legal action against the Zambian fully owned subsidiary for £85,000 including legal costs due to a stock of minerals belonging to a client being stolen. There are police reports and evidence of the loss. The Directors consider it prudent to reserve against the potential full loss that the Zambian subsidiary may suffer if legal action is successfully taken against the Zambian Company

SPIN MINING AND METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

Balance as at 31 December 2023 and 2024 Amount due to Director for expenses £ 15,829