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Risks Arising from Financial Instruments and Risk Management (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Risks Arising from Financial Instruments and Risk Management [Abstract]    
Schedule of Foreign Currency Denominated Financial Assets and Liabilities The Company is exposed to currency risk from the British Pound (“GBP”), Euro (“EUR”) and Canadian dollar (“CAD”) through the following foreign currency denominated financial assets and liabilities:
As at (expressed in GBP)  June 30,
2025
   December 31,
2024
 
Financial assets        
Cash and cash held in trust  £100   £16,558 
Trade and other receivables   354    293,055 
Loan receivable   
-
    469,233 
   £454   £778,846 
Financial liabilities          
Trade and other payables  £2,126   £820,809 
   £2,126   £820,809 
As at (expressed in EUR)  June 30,
2025
   December 31,
2024
 
Financial assets        
Cash  12,504   12,504 
Trade and other receivables   3,076    3,076 
   15,580   15,580 
Financial liabilities          
Trade and other payables  22,777   838 
Loans and borrowings   124,890    124,890 
   147,667   125,728 

 

As at (expressed in CAD)  June 30,
2025
   December 31,
2024
 
Financial assets        
Cash  $3,433,592   $5,473,500 
Loans receivable   1,391,457    515,197 
   $4,825,049   $5,988,697 
Financial liabilities          
Trade and other payables  $2,973,090   $2,809,356 
Due to related party   434,691    425,962 
Lease liabilities   298,812    
-
 
Loans and borrowings   49,683    315,557 
   $3,756,276   $3,550,875 
The Company is exposed to currency risk from the British Pound (“GBP”), Euro (“EUR”) and Canadian dollar (“CAD”) through the following foreign currency denominated financial assets and liabilities:
As at (expressed in GBP)  December 31,
2024
   December 31,
2023
 
Financial assets        
Cash  £16,558   £20,087 
Trade and other receivables   293,055    104,753 
Loan receivable   469,233    466,000 
   £778,846   £590,840 
Financial liabilities          
Trade and other payables  £820,809   £998,092 
Loans and borrowings   
-
    36,771 
   £820,809   £1,034,863 

 

As at (expressed in EUR)  December 31,
2024
   December 31,
2023
 
Financial assets        
Cash  12,504   46,202 
Trade and other receivables   3,076    136,963 
   15,580   183,165 
Financial liabilities          
Trade and other payables  838   2,171,878 
Loans and borrowings   124,890    3,225,389 
   125,728   5,397,267 

 

As at (expressed in CAD)  December 31,
2024
   December 31,
2023
 
Financial assets        
Cash and cash held in trust  $5,473,500   $22,949 
Loans receivable   515,197    
-
 
   $5,988,697   $22,949 
Financial liabilities          
Trade and other payables  $2,809,356   $3,356,916 
Due to related party   425,962    2,744,510 
Holdback payable   
-
    511,238 
Lease liabilities   
-
    179,412 
Loans and borrowings   315,557    340,469 
   $3,550,875   $7,132,545