REGISTERED NUMBER: 07301239

SRK CONSULTING (KAZAKHSTAN) LIMITED

Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M F Pittuck

J I Joughin

R C Oldcorn

E Karakaya

C J Wessels

M E Raynor

SECRETARY:

E M Hallett

REGISTERED OFFICE:

21 Gold Tops

NEWPORT

NP20 4PG

REGISTERED NUMBER:

07301239

AUDITORS:

MHA Audit Services LLP

Statutory Auditor

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

105,044

127,282

CURRENT ASSETS

Debtors

5

2,437,894

2,953,601

Cash at bank and in hand

1,544,019

647,364

3,981,913

3,600,965

CREDITORS

Amounts falling due within one year

6

(3,574,364

)

(3,414,206

)

NET CURRENT ASSETS

407,549

186,759

TOTAL ASSETS LESS CURRENT LIABILITIES

512,593

314,041

CAPITAL AND RESERVES

Called up share capital

8

259,000

259,000

Retained earnings

253,593

55,041

SHAREHOLDERS' FUNDS

512,593

314,041

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2026 and were signed on its behalf by:

M F Pittuck - Director

1.	STATUTORY INFORMATION

SRK Consulting (Kazakhstan) Limited is a private company limited by shares incorporated in Wales within the United Kingdom. The company's registered number is 07301239 (England and Wales). The address of the registered office is 21 Gold Tops, Newport, NP20 4PG. The company's place of business is 5th Floor, Churchill House, 17 Churchill Way, Cardiff, CF10 2HH. The nature of the company's operations and principal activities are that of the provision of consulting services to resource industries.

The financial statements are presented in Sterling (£), the company's functional currency, and rounded to the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover and revenue recognition

Turnover (professional fees) represents the fair value of services provided during the period on client assignments. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is based on time spent, skills and expertise provided and expenses incurred. Turnover (professional fees) excludes value added tax.

Turnover in respect of contingent fee assignments (over and above any agreed fee which is recognised as above) is recognised in the period when the contingent event occurs and collectability of the fee is assured.

Uninvoiced turnover on individual client assignments is included in debtors. Where individual on-account billings exceed revenue recognised on client assignments, the excess is included as deferred income in creditors.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the period of the lease

Fixtures and fittings

-

50% on cost and 25% on cost

Computer equipment

-

33% on cost and 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 Balance Sheet date.balance sheet

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company accrued pension charges with the intent of paying these into a defined contribution pension scheme, however these contributions are now being returned to the employees to which they relate as the employees leave the company.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Recoverable disbursements

Recoverable disbursements are stated at the lower of cost or net realisable value.

Operating lease commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss account in other administrative expenses.

Cash and cash equivalents

Cash and cash equivalents in the Balance Sheet comprise cash at bank and in hand. For the purpose of the cash flow statement, cash and cash equivalents are net of bank overdrafts which are repayable on demand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

198,152

648,471

846,623

Additions

-

51,099

51,099

Disposals

(7,068

)

(145,363

)

(152,431

)

At 31 December 2025

191,084

554,207

745,291

DEPRECIATION

At 1 January 2025

166,454

552,887

719,341

Charge for year

20,243

52,274

72,517

Eliminated on disposal

(7,068

)

(144,543

)

(151,611

)

At 31 December 2025

179,629

460,618

640,247

NET BOOK VALUE

At 31 December 2025

11,455

93,589

105,044

At 31 December 2024

31,698

95,584

127,282

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

493,856

685,689

Gross amounts due from

customers for contract work

1,182,227

1,395,964

Other debtors

90,603

6,265

VAT recoverable

-

8,636

Tax

496,189

340,368

Deferred tax asset

14,502

8,319

Prepayments and accrued income

160,517

508,360

2,437,894

2,953,601

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

30,324

44,712

Amounts owed to group undertakings

367,514

1,591,893

Corporation tax

-

50,115

Social security and other taxes

20,343

19,740

VAT

308,759

211,921

Other creditors

5,160

110,634

Accruals and deferred income

2,842,264

1,385,191

3,574,364

3,414,206

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

343,776

174,207

Between one and five years

1,381,469

-

1,725,245

174,207

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

259,000

Ordinary

£1

259,000

259,000

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

The Report of the Auditors was unqualified.

James Dobson BSc(Hons) FCA (Senior Statutory Auditor)

for and on behalf of MHA Audit Services LLP

MHA is the trading name of MHA Audit Services LLP, a limited liability

partnership in England and Wales (registered number OC455542).

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is SRK Consulting (UK) Limited a company incorporated in England and Wales. The parent company's registered office is 21 Gold Tops, Newport, NP20 4PG. Copies of the consolidated financial statements for the group can be obtained from the company's place of business at 5th Floor, Churchill House, 17 Churchill Way, Cardiff, CF10 2HH.