REGISTERED NUMBER: 12321048 (England and Wales)

SARN HELEN GOLD LTD

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M G Armitage

R D Murphy

D H Pearn

I Humphreys

J S D W Waller

REGISTERED OFFICE:

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

CF23 8RS

REGISTERED NUMBER:

12321048 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

14,000

-

CURRENT ASSETS

Debtors

5

8,723

7,615

Cash at bank

232,986

1,232

241,709

8,847

CREDITORS

Amounts falling due within one year

6

(293,980

)

(6,150

)

NET CURRENT (LIABILITIES)/ASSETS

(52,271

)

2,697

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,271

)

2,697

CAPITAL AND RESERVES

Called up share capital

7

11,302

11,302

Share premium

531,672

531,672

Retained earnings

(581,245

)

(540,277

)

SHAREHOLDERS' FUNDS

(38,271

)

2,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 27 August 2026 and were signed on its behalf by:

M G Armitage - Director

1.	STATUTORY INFORMATION

Sarn Helen Gold Ltd 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 company's functional and presentational currency in the financial statements is the Sterling (£), 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.

Tangible fixed assets

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

Motor vehicles

-

20% on cost

Current tax

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

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.

Exploration expenditure

All exploration and evaluation costs are expensed, until a potentially economic mineral resource is identified.

Going concern

At 30 November 2025, the company had net liabilities of £38,271. However, the going concern basis for the preparation of the financial statements is considered appropriate in view of the fact that the shareholders will continue to support the company financially for the foreseeable future to enable it to meet its liabilities as they fall due for payment.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

15,000

At 30 November 2025

15,000

DEPRECIATION

Charge for year

1,000

At 30 November 2025

1,000

NET BOOK VALUE

At 30 November 2025

14,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

8,723

7,615

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts received for shares

not yet allotted

278,565

-

Directors' current accounts

493

-

Accruals and deferred income

14,922

6,150

293,980

6,150

During the year, the company received £278,565 from shareholders in respect of shares to be issued. As the shares had not been allotted at the balance sheet date, the amount has been recognised as a liability within creditors as amounts received for shares not yet allotted.

Subsequent to the year end, the company allotted 795,900 ordinary shares and the balance was transferred to share capital and share premium in accordance with the terms of the share issue.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal

2025

2024

value

£

£

1,130,169 (2024 - 1,130,169)

Ordinary

£0.01

11,302

11,302