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Registered number: 10594108
Hakara Resources Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Hakara Resources Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Unaudited Financial Statements

Contents
| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Hakara Resources Ltd
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 10594108

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 3 |  | 6,055 |  | 4,748
|  |  | 6,055 |  | 4,748
CURRENT ASSETS
Debtors | 4 | 266,825 |  | 607,882 |
Investments | 5 | 3,420 |  | 5,170 |
Cash at bank and in hand |  | 343,988 |  | 329,648 |
|  | 614,233 |  | 942,700 |
Creditors: Amounts Falling Due Within One Year | 6 | (227,109 ) |  | (282,431 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 387,124 |  | 660,269
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 393,179 |  | 665,017
NET ASSETS |  |  | 393,179 |  | 665,017
CAPITAL AND RESERVES
Called up share capital | 7 |  | 130,000 |  | 130,000
Profit and Loss Account |  |  | 263,179 |  | 535,017
SHAREHOLDERS' FUNDS |  |  | 393,179 |  | 665,017

Page 1
Page 2
Hakara Resources Ltd
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Abdelkrim Bousfiha Director
19 February 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Hakara Resources Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% on cost
Computer Equipment | 3 years

1.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
1.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Hakara Resources Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.8. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2024: 4)
3 4
3. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 June 2024 | 3,542 | 11,008 | 14,550
Additions | 1,895 | 2,656 | 4,551
As at 31 May 2025 | 5,437 | 13,664 | 19,101
Depreciation
As at 1 June 2024 | 2,261 | 7,541 | 9,802
Provided during the period | 910 | 2,334 | 3,244
As at 31 May 2025 | 3,171 | 9,875 | 13,046
Net Book Value
As at 31 May 2025 | 2,266 | 3,789 | 6,055
As at 1 June 2024 | 1,281 | 3,467 | 4,748

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Page 5
Hakara Resources Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
4. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 155,470 |  | 339,959
Prepayments and accrued income | 687 |  | 2,776
Related parties - Hakara Resources Ltd | 107,887 |  | 253,778
VAT | 2,743 |  | 4,030
| 266,787 |  | 600,543
Due after more than one year
Corporation tax repayable | 38 |  | 7,339
| 38 |  | 7,339
| 266,825 |  | 607,882

5. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Short term deposits | 3,420 |  | 5,170
| 3,420 |  | 5,170

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 29,807 |  | 48,860
Bank loans and overdrafts | 328 |  | 341
Paye control account | 1,331 |  | 1,340
Pension control account | 471 |  | 471
Deferred tax current liability | 1,150 |  | 950
Income in advance | 13,950 |  | -
Accruals | 1,800 |  | 1,800
Director's loan account | 177,902 |  | 227,726
Credit card | 370 |  | 943
| 227,109 |  | 282,431

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 130,000 |  | 130,000

8. General Information
Hakara Resources Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10594108 . The registered office is 40 Gracechurch Street, London, EC3V 0BT.
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