| HUMBOLDT MINERALS LTD |
| Registered number: |
13073014 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
5,043 |
|
|
10,463 |
| Investments |
4 |
|
|
436,601 |
|
|
293,695 |
|
|
|
|
441,644 |
|
|
304,158 |
|
| Current assets |
| Debtors |
5 |
|
422 |
|
|
792 |
| Cash at bank and in hand |
|
|
22,739 |
|
|
2,996 |
|
|
|
23,161 |
|
|
3,788 |
|
| Creditors: amounts falling due within one year |
6 |
|
(805) |
|
|
(18,437) |
|
| Net current assets/(liabilities) |
|
|
|
22,356 |
|
|
(14,649) |
|
| Total assets less current liabilities |
|
|
|
464,000 |
|
|
289,509 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(1,066,512) |
|
|
(677,813) |
|
|
|
| Net liabilities |
|
|
|
(602,512) |
|
|
(388,304) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
(602,512) |
|
|
(388,304) |
|
| Shareholder's funds |
|
|
|
(602,512) |
|
|
(388,304) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C Mobius |
| Director |
| Approved by the board on 15 September 2026 |
|
| HUMBOLDT MINERALS LTD |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
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). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% at cost |
|
|
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. |
|
|
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 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2025 |
27,100 |
|
At 31 December 2025 |
27,100 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
16,637 |
|
Charge for the year |
5,420 |
|
At 31 December 2025 |
22,057 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
5,043 |
|
At 31 December 2024 |
10,463 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 January 2025 |
293,695 |
|
Additions |
142,906 |
|
|
At 31 December 2025 |
436,601 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other taxes and social securities |
|
|
|
|
422 |
|
792 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
805 |
|
18,437 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
1,066,512 |
|
677,813 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
At the balance sheet date, an amount of £1,066,512 (2024: £677,813) was due to Southern Cross Britannia Limited, a company of which Mr C Mobius is a director. |
|
| 9 |
Mining rights |
|
Humboldt Minerals Ltd has pending application for the mineral titles stated below through their Argentine |
|
branch: |
|
|
File number: |
Name |
Year |
|
24403 |
Cobre 7.01 |
2020 |
|
24421 |
Cobre 7.02 |
2020 |
|
24415 |
Cobre 7.03 |
2020 |
|
24414 |
Cobre 7.04 |
2020 |
|
24354 |
Cobre 7.05 |
2020 |
|
24355 |
Cobre 7.06 |
2020 |
|
24356 |
Cobre 7.07 |
2020 |
|
24357 |
Cobre 7.08 |
2020 |
|
759518 |
Cobre 7.09 |
2020 |
|
24358 |
Cobre 7.10 |
2020 |
|
24359 |
Cobre 7.11 |
2020 |
|
24324 |
Cobre 7.12 |
2020 |
|
24325 |
Cobre 7.13 |
2020 |
|
24326 |
Cobre 7.14 |
2020 |
|
24390 |
Cobre 7.15 |
2020 |
|
754951 |
Cobre 7.17 |
2021 |
|
754956 |
Cobre 7.18 |
2021 |
|
759517 |
Cobre 7.19 |
2021 |
|
768288 |
Cobre 7.21 |
2022 |
|
768291 |
Cobre 7.22 |
2022 |
|
24197 |
Cobre Dos Central |
2019 |
|
24196 |
Cobre Dos Norte |
2019 |
|
24193 |
Cobre Dos Sur |
2019 |
|
24298 |
Cobre Dos Sur Este |
2020 |
|
778378 |
Cobre Este I |
2022 |
|
778381 |
Cobre Este II |
2020 |
|
24208 |
Cobre Tres Central |
2019 |
|
24207 |
Cobre Tres Norte |
2019 |
|
24206 |
Cobre Tres Sur |
2019 |
|
727634 |
Don Ricardo |
2021 |
|
727641 |
Don Ricardo I |
2021 |
|
727653 |
Don Ricardo II |
2021 |
|
738693 |
Esquina Colorada II |
2021 |
|
743338 |
Llullaillaco Sur I |
2021 |
|
743340 |
Llullaillaco Sur II |
2021 |
|
22321 |
Luingo |
2019 |
|
24319 |
Metales Base 1.1 |
2020 |
|
24320 |
Metales Base 1.2 |
2020 |
|
24321 |
Metales Base 1.3 |
2020 |
|
18701 |
Pato Alfredo 4 |
2021 |
|
18703 |
Pato Alfredo 6 |
2023 |
|
745460 |
Rosado Norte I |
2021 |
|
745461 |
Rosado Norte II |
2021 |
|
748033 |
Rosado Oeste |
2021 |
|
748037 |
Rosado Oeste II |
2021 |
|
746695 |
Rosado Sur II |
2021 |
|
21760 |
Ultra 03 |
2021 |
|
785484 |
Uranio 1 |
2022 |
|
785490 |
Uranio 2 |
2022 |
|
785494 |
Uranio 3 |
2022 |
|
785496 |
Uranio 4 |
2022 |
|
|
| 10 |
Other information |
|
|
HUMBOLDT MINERALS LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
5 New Street Square |
|
London |
|
EC4A 3TW |