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ARGALI RESOURCES LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ARGALI RESOURCES LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Argali Resources Limited for the year ended 31 December 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the Board of Directors of Argali Resources Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Argali Resources Limited and state those matters that we have agreed to state to the Board of Directors of Argali Resources Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Argali Resources Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Argali Resources 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 loss of Argali Resources Limited. You consider that Argali Resources Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Argali Resources Limited. For this reason, we have not verified the 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.
Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
30 September 2025
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ARGALI RESOURCES LIMITED
REGISTERED NUMBER: 12815926
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Notes
Argali Resources Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12815926 and its registered address is 2nd Floor Heathman's House, 19 Heathmans Road, London, United Kingdom, SW6 4TJ.
Average number of employees
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.
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ARGALI RESOURCES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.Accounting policies
These accounts have been prepared on the going concern basis, on the understanding that the parent company will continue to financially support the company during tis period.
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Related party transactions
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Included in other creditors there is a loan of £1,436,056 (2023:£1,018,238) owed to Pallas Resources Limited which is the parent company and it holds 100% ownership of Argali Resources Limited. The loan is unsecured, interest free and payable on demand.
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