NORTH ATLANTIC MINING ASSOCIATES LIMITED

NORTH ATLANTIC MINING ASSOCIATES LIMITED

NORTH ATLANTIC MINING ASSOCIATES LIMITED - Company Information

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NORTH ATLANTIC MINING ASSOCIATES LIMITED

Company Registration Number:
06941580 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

NORTH ATLANTIC MINING ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

NORTH ATLANTIC MINING ASSOCIATES LIMITED

Balance sheet

As at 30 November 2021


Notes
2021
2020


£
£
Fixed assets
Investments: 3 330,997 577,744
Total fixed assets: 330,997 577,744
Current assets
Debtors:   7,781 7,781
Cash at bank and in hand:   2,178
Total current assets: 7,781 9,959
Creditors: amounts falling due within one year:   (1,228,584) (1,443,838)
Net current assets (liabilities): (1,220,803) (1,433,879)
Total assets less current liabilities: (889,806) (856,135)
Total net assets (liabilities): (889,806) (856,135)
Capital and reserves
Called up share capital: 1,485 1,485
Share premium account: 2,377,329 2,377,329
Profit and loss account: (3,268,620) (3,234,949)
Shareholders funds: (889,806) (856,135)

The notes form part of these financial statements

NORTH ATLANTIC MINING ASSOCIATES LIMITED

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 December 2022
and signed on behalf of the board by:

Name: Vilhjalmur Thor Vilhjalmsson
Status: Director

The notes form part of these financial statements

NORTH ATLANTIC MINING ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

NORTH ATLANTIC MINING ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

NORTH ATLANTIC MINING ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Fixed investments

THe company invests in subsidiaries that are involved in mining and exploration.Melville Bay Ltd 90%African Minerals Ventures 100%

NORTH ATLANTIC MINING ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Financial commitments

The company had no capital commitments at 30th November 2021

NORTH ATLANTIC MINING ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Related party transactions

The total amounts outstanding with Directors as at 30th November 2021 were 1.038.398 and relate to amounts due from the company to directors in connection with expenses, invoiced fees and loans