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Registered number: 14485088
K3DELTA MARINE AGGREGATES LTD
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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K3DELTA MARINE AGGREGATES LTD
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COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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K3DELTA MARINE AGGREGATES LTD
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CONTENTS
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Independent Auditor's Report
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Statement of Income and Retained Earnings
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Statement of Financial Position
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Notes to the Financial Statements
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K3DELTA MARINE AGGREGATES LTD
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DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025. The prior period comparatives cover a period of 13 months instead of 12 months, from 1 December 2023 to 31 December 2024.
The loss for the year, after taxation, amounted to £54,364 (period ended 31 December 2024: loss £72,481).
No dividends were declared or proposed for the year ended 31 December 2025 (period ended 31 December 2024: £Nil).
The directors who served during the year, and up to the date of signing this report, were:
Directors' Responsibilities Statement
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The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of lreland'). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs and profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
∙select suitable accounting policies and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent; and
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Qualifying third party indemnity provisions
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As permitted by the Companies Act 2006, the company has indemnified the directors in respect of proceedings brought by third parties and qualifying third party indemnity insurance was in place throughout the year and up to the date of approval of the financial statements.
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K3DELTA MARINE AGGREGATES LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The company has net liabilities at the reporting date of £157,218 (2024: £102,854) and although it made a loss during the year of £54,364 (2024: £72,481), the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the company will be able to meet its liabilities as they fall due, for at least 12 months from the date of the date of approval of these financial statements. The directors have received a signed statement of support from an intermediate parent company, K3 Groep B.V., that they will provide financial support sufficient to enable the company to meet its liabilities as they fall due for a period of at least 12 months from the date of approval.
Based on the above, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Research and development activities
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K3Delta Marine Aggregates Ltd is currently in the process of obtaining a license to dredge marine aggregates in the East English Channel. In previous years, prior to 2025, the process focused on a tendering phase followed by a contractual phase with the Crown Estate. This process has been fully completed and, as of 2025 K3Delta Marine Aggregates is in a development phase. A total of £318,325 (2024: £Nil) has been capitalised as exploration and evaluation assets during the year.
Over the past two years the company has carried out several (theoretical) studies regarding the development of obtaining a license for the extraction and dredging of marine aggregates in the East English Channel. In 2025, the company carried out resource surveys using vibrocoring and geotechnical surveys and geophysical surveys and samples. These surveys and samples were analysed yielding promising results. In 2026, habitat and other ecological studies and assessment are to be carried out as part of the licensing process.
There have been no significant events affecting the company since the reporting date.
Disclosure of information to auditor
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The directors confirm that:
∙so far as each director is aware, there is no relevant audit information of which the company's auditor is unaware; and
∙the directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
The auditor, Grant Thornton UK LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
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K3DELTA MARINE AGGREGATES LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF K3DELTA MARINE AGGREGATES LTD
We have audited the financial statements of K3Delta Marine Aggregates Ltd (the 'company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion:
∙the financial statements give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;
∙the financial statements have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
∙the financial statements have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the 'Auditor's responsibilities for the audit of the financial statements' section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
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We are responsible for concluding on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the auditor’s opinion. Our conclusions are based on the audit evidence obtained up to the date of our report. However, future events or conditions may cause the company to cease to continue as a going concern.
In our evaluation of the directors' conclusions, we considered the inherent risks associated with the company's business model including effects arising from macro-economic uncertainties such as the current inflationary pressures and impacts of ongoing global conflicts, , we assessed and challenged the reasonableness of estimates made by the directors and the related disclosures and analysed how those risks might affect the company's financial resources or ability to continue operations over the going concern period.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF K3DELTA MARINE AGGREGATES LTD (CONTINUED)
Conclusions relating to going concern (continued)
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Directors' Report and financial statements, other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Directors' Report and financial statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
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In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Directors' Report has been prepared in accordance with applicable legal requirements.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF K3DELTA MARINE AGGREGATES LTD (CONTINUED)
Matter on which we are required to report under the Companies Act 2006
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In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
∙the financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of directors' remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit; or
∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.
Responsibilities of directors
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As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF K3DELTA MARINE AGGREGATES LTD (CONTINUED)
Auditor's responsibilities for the audit of the financial statements
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Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:
∙We obtained an understanding of how the company is complying with significant legal and regulatory frameworks through inquiries of management;
∙The company is subject to many laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. We identified Financial Reporting Standard 102 and the Companies Act 2006 as those most likely to have a material impact on the compliance to occur;
∙We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur. We considered the opportunity and incentives for management to perpetuate fraud, and the potential impact on the financial statements;
∙ Audit procedures performed by the engagement team included:
οGaining an understanding of the controls that management has in place to prevent and detect fraud;
οTotal transaction testing, testing all transactions during the year; and
οChallenging assumptions and judgements made by management
∙These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more difficult than detecting those that result from error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it;
∙The engagement partner’s assessment of the appropriateness of the collective competence and capabilities of the engagement team included;
οConsideration of the engagement team’s understanding of, and practical experience with, audit engagements of a similar nature and complexity;
οAppropriate training, knowledge of the industry in which the company operates; and
οUnderstanding of the legal and regulatory requirements specific to the company.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF K3DELTA MARINE AGGREGATES LTD (CONTINUED)
Auditor's responsibilities for the audit of the financial statements (continued)
∙We communicated relevant laws and potential fraud risks to all engagement team members and remained alert to any indicators of fraud or non-compliance with laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Gareth Barry BSc ACA
Senior Statutory Auditor
for and on behalf of Grant Thornton UK LLP
Statutory Auditor, Chartered Accountants
Cardiff
10 July 2026
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K3DELTA MARINE AGGREGATES LTD
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STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Interest payable and similar expenses
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Interest payable to group undertakings
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Taxation for the year/period
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Loss after tax for the financial year/period
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Retained earnings at the beginning of the year/period
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Retained earnings at the end of the year/period
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There were no recognised gains and losses for 2025 or 2024 other than those included in the Statement of Income and Retained Earnings.
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The notes on pages 11 to 17 form part of these financial statements.
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K3DELTA MARINE AGGREGATES LTD
REGISTERED NUMBER:14485088
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 11 to 17 form part of these financial statements.
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K3DELTA MARINE AGGREGATES LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
K3Delta Marine Aggregates Ltd is a private company limited by shares, incorporated in England and Wales. Its registered number is 14485088, and its registered head office is located at C/O Tlt Llp, 20 Gresham Street, London, England, EC2V 7JE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).
The company’s functional and presentation currency is Sterling and all values are rounded to the nearest pound (£) except when otherwise stated.
The following principal accounting policies have been applied:
The company has net liabilities at the reporting date of £157,218 (2024: £102,854) and although it made a loss during the year of £54,364 (2024: £72,481), the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the company will be able to meet its liabilities as they fall due, for at least 12 months from the date of the date of approval of these financial statements. The directors have received a signed statement of support from an intermediate parent company, K3 Groep BV, that they will provide financial support sufficient to enable the company to meet its liabilities as they fall due for a period of at least 12 months from the date of approval.
Based on the above, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
The company capitalises expenditures for exploration and evaluation (E&E) activities (including costs of acquiring exploration rights, topographical/geological studies, and exploratory drilling) as E&E assets. These are classified as tangible or intangible assets based on their nature.
E&E assets are recognised at cost and are not depreciated, but are tested for impairment when indicators exist, or upon technical feasibility/commercial viability being established. They will be reclassified once technical feasibility and commercial viability are established.
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K3DELTA MARINE AGGREGATES LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Intangible assets (continued)
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The exploration and evaluation assets are tested for impairment when reclassified to development tangible or intangible assets, or whenever facts and circumstances indicate impairment. An Impairment loss is recognised for the amount by which the exploration and evaluation assets carrying amount exceeds their recoverable amount. The recoverable amount is the higher of the exploration and evaluation assets cost of disposal and their value in use.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's Statement of Financial Position 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
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K3DELTA MARINE AGGREGATES LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Financial instruments (continued)
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Impairment of financial assets (continued)
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic 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 the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
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K3DELTA MARINE AGGREGATES LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Judgements in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Estimates are based on historical experience and other assumptions that are considered reasonable in the circumstances. The actual amount or values may vary in certain instances from the assumptions and estimates made. Changes will be recorded, with corresponding effect in the financial statements, when, and if, better information is obtained.
Critical judgements and sources of estimation uncertainty that management have made in the process of applying accounting policies disclosed herein and that have a significant effect on the amounts recognised in the financial statements relate to the following:
Judgements
Management has exercised judgement in determining that the capitalised E&E (exploration and evaluation) expenditure is expected to generate future economic benefits in the form of future income and profits. Such assets are tested for impairment when indicators of impairment exist, or when technical feasibility and commercial viability are established.
Based on their assessment, management considers it appropriate to continue to carry these costs as E&E assets and that no impairment is required at the reporting date.
Estimates
In the process of preparing the financial statements, no significant estimates were applied.
The average number of employees during the year was 0 (2024: 0).
The directors have not provided qualifying services to the company and are paid by other group entities. Such remuneration has not been allocated to the company in the current or prior year.
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K3DELTA MARINE AGGREGATES LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Exploration and evaluation assets
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During the year, the company was in the process of obtaining licences to dredge marine aggregates.
The company capitalises expenditures for exploration and evaluation (E&E) activities (including costs of acquiring exploration rights, topographical/geological studies, and exploratory drilling) as E&E assets.
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In addition to the exploration and evaluation assets, K3Delta Marine Aggregates had the following assets and liabilities relating to exploration
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Receivables from joint venture partners
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Payables to subcontractors and operators
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Amounts recognised in profit or loss
Exploration and evaluation activities have led to total expenses of £318,325 (2024: £Nil) of which £Nil (2024: £Nil) are impairment charges of write off of unsuccessful exploration activities.
Cash payments of £314,262 (2024: £Nil) have been incurred related to exploration and evaluation activities.
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Debtors: amounts falling due within one year
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K3DELTA MARINE AGGREGATES LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Creditors: amounts falling due within one year
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Amounts due to group undertakings
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Accruals and deferred income
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Amounts due to group undertakings are unsecured, subject to annual interest charge of 5% on the average outstanding balance, unless the balance has been repaid in full during the financial year, have no fixed date of repayment and are repayable on demand.
In addition to the exploration and evaluation assets as detailed in note 6, K3Delta Marine Aggregates have amounts payable to subcontractors and operators of £Nil (2024: £Nil) relating to exploration.
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Allotted, called up and fully paid
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100 (2024: 100) Ordinary shares of £1 each
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There is a single class of ordinary shares. There are no restrictions on dividends and the repayment of capital.
Profit and loss account
Includes all current & prior periods retained profits & losses.
There are no contingent liabilities affecting the company as at 31 December 2025 (period ended 31 December 2024: none).
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K3DELTA MARINE AGGREGATES LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Capital commitments
The company has no capital commitments as at 31 December 2025 (period ended 31 December 2024: none).
Operating lease commitments
The company has no operating lease commitments as at 31 December 2025 (period ended 31 December 2024: none).
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Related party transactions
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In preparing these financial statements, the directors have taken advantage of the exemptions available under section 33 paragraph 1A of the Financial Reporting Standard 102, and have not disclosed transactions entered into between wholly owned group undertakings.
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There have been no significant events affecting the company since the reporting date.
The immediate parent company is K3 Delta Zand en Grind BV, a company incorporated in the Netherlands.
The smallest company in the group to consolidate these financial statements is K3Delta Zand en Grind BV, a company incorporated in the Netherlands. Copies of the consolidated financial statements can be obtained from Wanraaij 2, 6673 DN Andelst, Netherlands.
The ultimate parent company and the largest company in the group to consolidate these financial statements is K3 Groep BV, a company incorporated in the Netherlands. Copies of the consolidated financial statements can be obtained from Wanraaij 2, 6673 DN Andelst, Netherlands.
J.W. Van De Kamp is the ultimate controlling party.
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