Gemrock Company (Uk) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10451003 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gemrock Company (Uk) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

V Mathur

V Kumar

SECRETARY:

REGISTERED OFFICE:

Gravelye Farm House

Hanlye Lane

Cuckfield

Haywards Heath

West Sussex

RH17 5HR

REGISTERED NUMBER:

10451003 (England and Wales)

ACCOUNTANTS:

JG Accounting & Tax Services Ltd

Gravelye Farmhouse

Hanlye Lane

Cuckfield

West Sussex

RH17 5HR

FIXED ASSETS

Investments

4

203,781

CURRENT ASSETS

Debtors

5

20,105,942

19,462,985

CREDITORS

Amounts falling due within one year

6

22,624,071

21,972,035

NET CURRENT LIABILITIES

(2,518,129

)

(2,509,050

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,314,348

)

(2,305,269

)

CAPITAL AND RESERVES

Called up share capital

130

Retained earnings

(2,314,478

)

(2,305,399

)

(2,314,348

)

(2,305,269

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 9 December 2025 and were signed on its behalf by:

V Mathur - Director

1.	STATUTORY INFORMATION

Gemrock Company (Uk) Ltd 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.

The presentation currency of the financial statements is the US Dollar ($).

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.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment. Interests in subsidiaries, associates and jointly controlled entities are initially measured at costs and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment loss or reversals of impairment losses are recognised immediately in the profit or loss

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Going concern

The financial statements have been prepared on a going concern basis

The company has made a loss in the year and has net liabilities of $2,314,348 (2024: $2,305,269). The company is dependent upon the financial support of the parent company which has confirmed that it will provide the required financial support for the foreseeable future, being a period of not less than twelve months from the date of approval of the financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

$

COST

At 1 April 2024

and 31 March 2025

203,781

NET BOOK VALUE

At 31 March 2025

203,781

At 31 March 2024

203,781

Subsidiary Undertakings

Name

Country of
Incorporation

Principal Activity

Class of
Shares

Holding

GemRock SAS

Colombia

Mineral Exploration

Ordinary

100%

GemRock Mozambique

Mozambique

Mineral Exploration

Ordinary

100%

GRC Perforaciones S.A.S

Colombia

Mineral Exploration

Ordinary

100%

GemRock Ethiopia

Ethiopia

Mineral Exploration

Ordinary

99.98%

The registered address of GemRock SAS is Street 61, 2-09 Apartment, Bogotá, Colombia

The registered address of GemRock Mozambique is Avenida Vladimir Lenine, n.174, 6. Ander, Edifficio Millennium Park, Torre A, em Maputo

The registered address of GemRock Perforacionesis AC 127 No 15 36 LC 4 Suite 3 39, Bogotá. Colombia

The registered address of GemRock Ethiopia is Bole Sub City, Kebele 14/15, Woreda 7 H.No.1534, Addis Ababa, Ethiopia

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

$

Amounts owed by group undertakings

20,105,209

19,462,252

Other debtors

733

20,105,942

19,462,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

$

Amounts owed to group undertakings

22,612,041

21,957,332

Other creditors

12,030

14,703

22,624,071

21,972,035

7.	RELATED PARTY DISCLOSURES

At the year end an amount of $22,605,133 (2024: $21,950,424) was owed to the parent company GemRock Company Ltd

At the year end an amount of $20,105,209 (2024: $19,462,252) was owed from the company's subsidiary GemRock Mozambique

8.	ULTIMATE CONTROLLING PARTY

The parent company is GemRock Company Limited, a company incorporated in the British Virgin islands, which is the largest and smallest group for which consolidated financial statements are prepared. the registered office is Craigmuir Chambers, PO Box 71, Road Town, Tortola, VG1110, British Virgin Islands

As at 31 March 2025, the directors consider the ultimate controlling party to be Raj Kumar Tongya