PARYS MOUNTAIN MINES LIMITED

• ⚠

  Material uncertainty over going concern

  However, given the limited financial resources currently available, and that there is no guarantee that such funding will be available, there is a risk that the company will not have sufficient financial resources to fund its short-term project funding requirements, and therefore there exists a material uncertainty concerning the ability of the company to continue as a going concern or that it will be successful in receiving the necessary investment to advance the development of the project and put a mine at the Parys Mountain property into production.

1. PARYS MOUNTAIN MINES LIMITED 2007-05-16 → present
2. PARYS MOUNTAIN MINES(U.K.)LIMITED 1968-09-26 → 2007-05-16

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

UHY Farrelly Dawe White Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, given the limited financial resources currently available, and that there is no guarantee that such funding will be available, there is a risk that the company will not have sufficient financial resources to fund its short-term project funding requirements, and therefore there exists a material uncertainty concerning the ability of the company to continue as a going concern or that it will be successful in receiving the necessary investment to advance the development of the project and put a mine at the Parys Mountain property into production.”

Significant events

• “After the year end, on 30 May 2025 the company borrowed £100,000 for working capital purposes at an interest rate of 10% per annum for a period of five years, secured on freehold property at Parys Mountain.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +20.5%

  £6,367 → £7,674

• Cash

  -20.8%

  £13,008 → £10,300

• Net assets

  +1.9%

  £16,889,527 → £17,218,015

• Employees

  —

  Not reported

• Operating profit

  -36.7%

  -£3,494 → -£4,778

• Profit before tax

  -98.3%

  -£1,317 → -£2,611

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers