MineARC Europe Ltd


Directors	Paul Anthony Ness
	Tereza Valtova


Registered Address	Unit 9, The Markham Centre Station Road
	Theale
	Reading
	RG7 4PE


Registered Number	13741044 (England and Wales)

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Functional and presentation currency

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Going concern
	The accounts are prepared on a going concern basis as the Directors have considered the financial position of the Company. Sufficient finance is available for the company to continue trading for the foreseeable future.

	Turnover policy
	Revenue represents the fair value of consideration receivable for services provided in the ordinary course of business, net of value added tax and trade discounts. Revenue from the provision of services is recognised when the Company's contractual performance obligations have been satisfied and control of the services has passed to the customer. This is generally the point at which the services have been performed in accordance with the terms of the contract and the customer obtains the benefits associated with those services. Where services are provided over a period of time, revenue is recognised by reference to the stage of completion of the contract activity at the reporting date when the outcome can be measured reliably. Amounts received in advance of the delivery of services are recognised as deferred income.

Turnover policy

Revenue represents the fair value of consideration receivable for services provided in the ordinary course of business, net of value added tax and trade discounts.

Revenue from the provision of services is recognised when the Company's contractual performance obligations have been satisfied and control of the services has passed to the customer. This is generally the point at which the services have been performed in accordance with the terms of the contract and the customer obtains the benefits associated with those services.

Where services are provided over a period of time, revenue is recognised by reference to the stage of completion of the contract activity at the reporting date when the outcome can be measured reliably. Amounts received in advance of the delivery of services are recognised as deferred income.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the profit and loss account in the period to which they relate.

	Defined contribution pension plan
	A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even ifthe fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	8
	Office Equipment	5

	Stocks and work in progress
	Stock is stated at the lower of cost and net realisable value, after making appropriate provision for any obsolete, slow-moving or damaged items.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 July 24	10,518	7,698	18,216
Additions	36,859	666	37,525
At 30 June 25	47,377	8,364	55,741
Depreciation and impairment
At 01 July 24	2,260	3,393	5,653
Charge for year	2,921	1,755	4,676
At 30 June 25	5,181	5,148	10,329
Net book value
At 30 June 25	42,196	3,216	45,412
At 30 June 24	8,258	4,305	12,563

4.	Stocks

	2025	2024
	£	£
Work in progress	314,317	591,903
Total	314,317	591,903

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	757,536	1,449,481
Amounts owed by group undertakings	133,591	106,030
Other debtors	90,432	7,686
Called up share capital not paid, current asset	1,000	1,000
Total	982,559	1,564,197

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	565,886	1,002,204
Amounts owed to related parties	84,370	84,370
Taxation and social security	33,661	273,384
Other creditors	9,110	11,491
Accrued liabilities and deferred income	58,227	631,268
Total	751,254	2,002,717

7.	Pension commitments
	The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge for the year amounted to £10,750 (2024: £7,710). At the year end, pension contributions of £1,228 (2024: £985) were outstanding and included within other creditors.

8.	Operating lease commitments
	At 30 June 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £77,500 (2024 - £105,000).

9.	Related party transactions
	The company has taken advantage of the related party exemption under Financial Reporting Standard 102 Section1A, not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	Controlling party
	The Company’s immediate parent is Carawatha International Pty Ltd, incorporated in Australia. The most senior parent entity producing publicly available financial statements is Carawatha International Pty Ltd. These financial statements are available upon request from Level 8, 905 Hay Street Perth WA 6000 Australia.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		45,412		12,563
			45,412		12,563
Current assets
Stocks	4	314,317		591,903
Debtors	5	982,559		1,564,197
Cash at bank and on hand		69,083		221,945
		1,365,959		2,378,045
Creditors amounts falling due within one year	6	(751,254)		(2,002,717)
Net current assets (liabilities)			614,705		375,328
Total assets less current liabilities			660,117		387,891
Net assets			660,117		387,891
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			659,117		386,891
Shareholders' funds			660,117		387,891