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REGISTERED NUMBER: 14490114 (England and Wales)















Unaudited Financial Statements

for the Period

17 November 2022 to 31 December 2023

for

Baqueira Capital Limited

Baqueira Capital Limited (Registered number: 14490114)

Contents of the Financial Statements
for the Period 17 November 2022 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baqueira Capital Limited

Company Information
for the Period 17 November 2022 to 31 December 2023







Directors: D M Hauser Laclaustra
J L Varela Gonzalez
Ms M Sola Ruiz





Registered office: 111 Park Street,
Mayfair,
London,
W1K 7JF





Registered number: 14490114 (England and Wales)





Accountants: Benjamin Taylor Diner Limited
120 New Cavendish Street,
London
W1W 6XX

Baqueira Capital Limited (Registered number: 14490114)

Balance Sheet
31 December 2023

Notes £   
Fixed assets
Investments 4 1,723

Current assets
Debtors 5 14,400
Cash at bank 15,138
29,538
Creditors
Amounts falling due within one year 6 (16,201 )
Net current assets 13,337
Total assets less current liabilities 15,060

Creditors
Amounts falling due after more than one
year

7

(30,914

)
Net liabilities (15,854 )

Capital and reserves
Called up share capital 8 10,000
Retained earnings 9 (25,854 )
Shareholders' funds (15,854 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Baqueira Capital Limited (Registered number: 14490114)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:




Ms M Sola Ruiz - Director



J L Varela Gonzalez - Director


Baqueira Capital Limited (Registered number: 14490114)

Notes to the Financial Statements
for the Period 17 November 2022 to 31 December 2023


1. Statutory information

The Company is a private company limited by shares, incorporated in England and Wales. Its registered
office is 111 Park Street, London, England, W1K 7JF.

The company's principal activity is that of an investment holding company.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Baqueira Capital Limited (Registered number: 14490114)

Notes to the Financial Statements - continued
for the Period 17 November 2022 to 31 December 2023


2. Accounting policies - continued

Investments
Investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Going concern
After making enquiries the directors have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

3. Employees and directors

The average number of employees during the period was 3 .

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
Additions 10,262
Impairments (8,539 )
At 31 December 2023 1,723
Net book value
At 31 December 2023 1,723

During the period the company acquired 100% of the issued share capital of Chamonix Capital GP Sàrl a company incorporated in Luxembourg.

5. Debtors: amounts falling due within one year
£   
Other debtors 14,400

6. Creditors: amounts falling due within one year
£   
Other creditors 16,201

7. Creditors: amounts falling due after more than one year
£   
Other creditors 30,914

Baqueira Capital Limited (Registered number: 14490114)

Notes to the Financial Statements - continued
for the Period 17 November 2022 to 31 December 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10,000 Ordinary £ 10,000

During the period the company issued the following shares:

31.12.23
£
17 November 2022 - Initial Share Allotment 100
17 November 2022 - Share Allotment9,900
Balance as at 31 December 202310,000

The called-up share capital represents the nominal value of shares that have been issued.

9. Reserves
Retained
earnings
£   

Deficit for the period (25,854 )
At 31 December 2023 (25,854 )

Retained earnings reserve records retained earnings and accumulated losses.

Baqueira Capital Limited (Registered number: 14490114)

Notes to the Financial Statements - continued
for the Period 17 November 2022 to 31 December 2023


10. Related party disclosures

UMA Wealth (UK) Limited

During the period the company had the following transactions with UMA Wealth (UK) Limited, a company in which the director Mrs M.S.Ruiz is also a director:

Administration fees 31.12.23
£
Administration fees received during the period 26,338
Administration fees prepaid (14,400 )
Administration fees for the period 11,938

Stadel Investments LP

During the period the company had the following loan from Stadel Investments LP, a limited partnership which owns 55% of the issued share capital in the company:

31.12.23
£
Loan received from Stadel Investments LP 30,000
Interest payable 914
Balance owed to Stadel Investments LP carried forward 30,914

The above loan is repayable in June 2025 and is subject to annual interest of 5.25%.

11. Ultimate controlling party

During the period the company was under the control of Stadel Investments L.P. (55% ownership of the issued share capital), Maule Investments L.P (40% ownership of the issued share capital) and Fenals Investments L.P. (5% ownership of the issued share capital) - Limited Partnerships registered in Quebec Canada.