Registration number: NI676605

KT Mining Consortium Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

KT Mining Consortium Limited

Company Information

Director

Mrs Marion Thomas

Registered office

Room Sf2 11-14 Newry Street Warrenpoint Newry Co. Down BT34 3JZ

Accountants

Clyde Business Services 159 King Street Glasgow Lanarkshire G73 1BZ

KT Mining Consortium Limited

(Registration number: NI676605)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	16,800	16,800
Tangible assets	5	12,404	15,505
		29,204	32,305
Current assets
Debtors	6	28,000	28,000
Cash at bank and in hand		3,088	4,442
		31,088	32,442
Creditors: Amounts falling due within one year	7	(240)	(1,200)
Net current assets		30,848	31,242
Net assets		60,052	63,547
Capital and reserves
Called up share capital	8	100,000	100,000
Retained earnings		(39,948)	(36,453)
Shareholders' funds		60,052	63,547

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2025
 

......................................... Mrs Marion Thomas Director

KT Mining Consortium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
Room Sf2
11-14 Newry Street
Warrenpoint
Newry
Co. Down
BT34 3JZ

These financial statements were authorised for issue by the director on 20 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
plant & machinery	20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
intangible assets	0%

KT Mining Consortium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

KT Mining Consortium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 March 2024	16,800	16,800
At 28 February 2025	16,800	16,800
Amortisation
Carrying amount
At 28 February 2025	16,800	16,800
At 29 February 2024	16,800	16,800

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 March 2024	30,282	30,282
At 28 February 2025	30,282	30,282
Depreciation
At 1 March 2024	14,777	14,777
Charge for the year	3,101	3,101
At 28 February 2025	17,878	17,878
Carrying amount
At 28 February 2025	12,404	12,404
At 29 February 2024	15,505	15,505

6

Debtors

Current	2025 £	2024 £
Other debtors	28,000	28,000
	28,000	28,000

7

Creditors

Creditors: amounts falling due within one year

KT Mining Consortium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

	2025 £	2024 £
Due within one year
Trade creditors	240	1,200

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100,000	100,000	100,000	100,000