REGISTERED NUMBER: 10751249 (England and Wales)

H B Mines Limited

Abridged Audited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Matur

Mr M S Ucar

REGISTERED OFFICE:

Unit 15 A&B

Eley Estate

Edmonton

London

N18 3BB

REGISTERED NUMBER:

10751249 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

FIXED ASSETS

Investments

4

889,582

889,582

CURRENT ASSETS

Debtors

5

1,489,887

1,089,204

Cash at bank and in hand

7,401

367

1,497,288

1,089,571

CREDITORS

Amounts falling due within one year

6

2,384,902

1,904,668

NET CURRENT LIABILITIES

(887,614

)

(815,097

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,968

74,485

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

1,868

74,385

SHAREHOLDERS' FUNDS

1,968

74,485

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 December 2025 and were signed on its behalf by:

Mr A Matur - Director

Mr M S Ucar - Director

1.	STATUTORY INFORMATION

H B Mines Limited 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 Pound Sterling (£).

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 subsidiary undertakings are recognised at cost.

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 company is dependent on the financial support from the directors of the company. The directors expect that this support will continue. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

889,582

NET BOOK VALUE

At 31 March 2025

889,582

At 31 March 2024

889,582

Investments in shares in group undertakings represent the cost of acquiring 100% interest in the equity of HB Madencilik A.S. This has been included in the consolidation accounts of CDH Matur Holdings Ltd, the ultimate parent company.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,489,887

1,089,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

2,173

Amounts owed to group undertakings

2,382,742

1,900,335

Accrued expenses

2,160

2,160

2,384,902

1,904,668

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2024

74,385

Deficit for the year

(72,517

)

At 31 March 2025

1,868

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

10.	CONTINGENT LIABILITIES

A guarantee and indemnity in standard form executed in favour of Isbank by the company for the loans taken by H B Properties N17 Ltd. The balance outstanding at 31st March 2025 was £8,765,000 (2024 - £10,261,668).

11.	RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

2025

2024

£

£

Transfers to related parties

400,683

211,706

Transfers from related parties

482,407

215,000

Amount due to related parties

2,382,742

1,900,335

Amount due from related parties

1,489,887

1,089,204

12.	ULTIMATE PARENT COMPANY

The controlling party is CDH Matur Holdings Ltd.