REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
17 November 2022 to 31 December 2023 |
for |
Baqueira Capital Limited |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
120 New Cavendish Street, |
London |
W1W 6XX |
Baqueira Capital Limited (Registered number: 14490114) |
Balance Sheet |
31 December 2023 |
Notes | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
( |
) |
Net liabilities | ( |
) |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) |
Shareholders' funds | ( |
) |
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 |
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 |
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 |
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 |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
Impairments | ( |
) |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
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 |
6. | Creditors: amounts falling due within one year |
£ |
Other creditors |
7. | Creditors: amounts falling due after more than one year |
£ |
Other creditors |
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: | £ |
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 Allotment | 9,900 |
Balance as at 31 December 2023 | 10,000 |
The called-up share capital represents the nominal value of shares that have been issued. |
9. | Reserves |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 31 December 2023 | ( |
) |
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. |