VICUÑITA MINERALS UK LTD |
Registered number: |
11123678 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
$ |
$ |
Fixed assets |
Tangible assets |
3 |
|
|
1,213 |
|
|
1,618 |
Investments |
4 |
|
|
558,177 |
|
|
558,177 |
|
|
|
|
559,390 |
|
|
559,795 |
|
Current assets |
Debtors |
5 |
|
3,755,699 |
|
|
3,826,299 |
Cash at bank and in hand |
|
|
346 |
|
|
14,311 |
|
|
|
3,756,045 |
|
|
3,840,610 |
|
Creditors: amounts falling due within one year |
6 |
|
(4,567,117) |
|
|
(1,161,168) |
|
Net current (liabilities)/assets |
|
|
|
(811,072) |
|
|
2,679,442 |
|
Total assets less current liabilities |
|
|
|
(251,682) |
|
|
3,239,237 |
|
Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(2,250,000) |
|
|
|
Net (liabilities)/assets |
|
|
|
(251,682) |
|
|
989,237 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2,799 |
|
|
2,799 |
Share premium |
|
|
|
3,576,940 |
|
|
3,576,940 |
Profit and loss account |
|
|
|
(3,831,421) |
|
|
(2,590,502) |
|
Shareholders' funds |
|
|
|
(251,682) |
|
|
989,237 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their 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. |
|
|
|
|
Julio Alonso Lindley |
Director |
Approved by the board on 27 March 2024 |
|
VICUÑITA MINERALS UK LTD |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
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: |
|
|
Computer equipment |
25 % reducing balance |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Computer equipment |
$ |
|
Cost |
|
At 1 January 2023 |
2,590 |
|
At 31 December 2023 |
2,590 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2023 |
972 |
|
Charge for the year |
405 |
|
At 31 December 2023 |
1,377 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2023 |
1,213 |
|
At 31 December 2022 |
1,618 |
|
|
4 |
Investments |
Investments in |
subsidiary |
undertakings |
$ |
|
Cost |
|
At 1 January 2023 |
558,177 |
|
|
At 31 December 2023 |
558,177 |
|
|
5 |
Debtors |
2023 |
|
2022 |
$ |
$ |
|
|
Trade debtors |
- |
|
12,000 |
|
Amounts owed by Minera Vicunita SAC |
|
2,142,483 |
|
2,181,082 |
|
Amounts owed by other related parties |
1,613,216 |
|
1,633,217 |
|
|
|
|
|
|
3,755,699 |
|
3,826,299 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
$ |
$ |
|
|
Trade creditors |
532,017 |
|
9,468 |
|
Short term loans from related parties |
4,035,100 |
|
1,151,700 |
|
|
|
|
|
|
4,567,117 |
|
1,161,168 |
|
|
|
|
|
|
|
|
|
|
7 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
$ |
$ |
|
|
Long term loans |
- |
|
2,250,000 |
|
|
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
VICUÑITA MINERALS UK LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit A Farriers Courtyard |
|
Spelmonden Farm, Spelmonden Road |
|
Goudhurst |
|
Cranbrook |
|
TN17 1HE |