Knights Bay Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 11878321

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		5,927,064		5,927,064

			5,927,064		5,927,064
CURRENT ASSETS
Debtors	5	2		2
Cash at bank and in hand		142		10,043

		144		10,045
Creditors: Amounts Falling Due Within One Year	6	(5,928,320 )		(5,937,707 )

NET CURRENT ASSETS (LIABILITIES)			(5,928,176 )		(5,927,662 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,112 )		(598 )

NET LIABILITIES			(1,112 )		(598 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			(1,114 )		(600 )

SHAREHOLDERS' FUNDS			(1,112)		(598)

For the year ending 31 March 2025 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S Spratley

Director

22/12/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Knights Bay Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11878321 . The registered office is 1-2 Rhodium Point , Spindle Close, Hawkinge, Folkestone , Kent, CT18 7TQ.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.4. Investments

Investments in equity shares which are publicily traded or where the fair value can be measured realiably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost loss impairment.

Dividends on equity securities are recognised in income when receivable.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2.7. 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. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Knights Bay Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Investments

	Subsidiaries
	£
Cost
As at 1 April 2024	5,927,064

As at 31 March 2025	5,927,064

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	5,927,064

As at 1 April 2024	5,927,064

Subsidiaries

Details of the company's subsidiaries as at 31 March 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Knights Bay Oryx Ltd	1-2 Rhodium Point, Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ	A Ordinary shares	100.00%	-
Knights Bay Oryx Ltd	1-2 Rhodium Point, Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ	Ordinary shares	96.00%	-
Knights Bay Mining and Trading LLC	889a, Way 1812, North Al Hail, Muscat, Sultanate of Oman PC 111	Shares	-	94.00%

The principal activity of Knights Bay Oryx Ltd is that of support activities for other mining, quarrying and financial services holding companies.

The principal activity of Knights Bay Mining and Trading LLC is that of mining and processing.

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	2	2

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	1,990,010	1,999,911
Other creditors	3,938,310	3,937,796

	5,928,320	5,937,707

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Knights Bay Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	2	2

Amount of Allotted, Called Up Share Capital	2	2

8. Related Party Disclosures

Summary of transactions with subsidiaries

During the previous year, the company was loaned funds by its subsidiary Knights Bay Oryx Ltd. During the year, part of this loan was repaid.

There are no terms of repayment and no interest charged on the outstanding loan.

Loan from subsidiary	2025	2024
	£	£
At start of period	1,999,911	1
Advanced/(repaid)	(9,901)	1,999,910

At end of period	1,990,010	1,999,911

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