Lemu Global Limited 14454683 The principal activity of the company in the period under review was that of a holding company. false 2023-12-31 2022-11-01 2023-12-31 2024-10-29 14454683 2021-11-01 2022-12-31 14454683 2022-11-01 2023-12-31 14454683 bus:FRS101 2022-11-01 2023-12-31 14454683 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-12-31 14454683 bus:FullAccounts 2022-11-01 2023-12-31 14454683 bus:RegisteredOffice 2022-11-01 2023-12-31 14454683 bus:CompanySecretary1 2022-11-01 2023-12-31 14454683 bus:Director1 2022-11-01 2023-12-31 14454683 bus:Director2 2022-11-01 2023-12-31 14454683 bus:Director3 2022-11-01 2023-12-31 14454683 bus:Director4 2022-11-01 2023-12-31 14454683 bus:Director5 2022-11-01 2023-12-31 14454683 bus:AllOrdinaryShares 2022-11-01 2023-12-31 14454683 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-12-31 14454683 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-12-31 14454683 core:ShareCapital 2022-11-01 2023-12-31 14454683 core:SharePremium 2022-11-01 2023-12-31 14454683 2022-11-01 14454683 2023-12-31 14454683 bus:Director1 2023-12-31 14454683 bus:Director2 2023-12-31 14454683 bus:Director3 2023-12-31 14454683 bus:Director4 2023-12-31 14454683 bus:Director5 2023-12-31 14454683 core:RetainedEarningsAccumulatedLosses 2023-12-31 14454683 core:ShareCapital 2023-12-31 14454683 core:SharePremium 2023-12-31 14454683 core:CurrentFinancialInstruments 2023-12-31 14454683 core:AdditionsToInvestments 2023-12-31 14454683 core:CostValuation 2023-12-31 14454683 core:ProvisionsForImpairmentInvestments 2023-12-31 14454683 core:AfterOneYear 2023-12-31 14454683 core:WithinOneYear 2023-12-31 14454683 2024-10-29 xbrli:pure xbrli:shares iso4217:GBP iso4217:SGD iso4217:USD iso4217:USD xbrli:shares

REGISTERED NUMBER: 14454683 (England and Wales)

Directors' Report and Unaudited Financial Statements

for the Period 1 November 2022 to 31 December 2023

for

Lemu Global Limited

Page 1

Lemu Global Limited (Registered number: 14454683)

Contents of the Financial Statements    
for the Period 1 November 2022 to 31 December 2023  
   
  Page
Company Information   1
Directors' Report   2
Income Statement   3
Other Comprehensive Income   4
Balance Sheet   5
Statement of Changes in Equity   7
Notes to the Financial Statements   8
Page 2

Lemu Global Limited

Company Information

for the Period 1 November 2022 to 31 December 2023

DIRECTORS:

Matias Jorge Domeyko Cassel

Alejandro Tocigl Domeyko

Gianfranco Truffello Jijena

Gonzalo Jose Zegers Ruiz-Tagle

SECRETARY:

Vistra Cosec Limited

REGISTERED OFFICE:

Suite 1

7th Floor 50 Broadway

London

SW1H0DB

REGISTERED NUMBER:

14454683 (England and Wales)

Page 1

Page 3

Lemu Global Limited (Registered number: 14454683)

Directors' Report

for the Period 1 November 2022 to 31 December 2023

The directors present their report with the financial statements of the company for the period 1 November 2022 to 31 December 2023.

INCORPORATION

The company was incorporated on 2022-11-01 1 November 2022and commenced trading on the same date.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of a holding company.

DIRECTORS

The directors who have held office during the period from 1 November 2022 to the date of this reportare as follows:

Matias Jorge Domeyko Cassel - appointed 2022-11-01 1 November 2022- resigned 2024-07-03 3 July 2024

Cristian Eustaquio Infante Bilbao - appointed 2022-11-01 1 November 2022- resigned 2023-11-09 9 November 2023

Alejandro Tocigl Domeyko - appointed 2022-11-01 1 November 2022

Gianfranco Truffello Jijena - appointed 2022-11-01 1 November 2022

Gonzalo Jose Zegers Ruiz-Tagle - appointed 2022-11-01 1 November 2022

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

................ ................ ................ ................

Director

Date:  ................ ................ ................

Page 2

Page 4

Lemu Global Limited (Registered number: 14454683)

Income Statement      
for the Period 1 November 2022 to 31 December 2023  
    Notes $
  TURNOVER   102,289
  Cost of sales   7,986
  GROSS PROFIT   94,303
  Administrative expenses   1,033,127
  OPERATING LOSS   (938,824)
  Interest receivable and similar income   2,952
  LOSS BEFORE TAXATION 4 (935,872)
  Tax on loss 5 -
  LOSS FOR THE FINANCIAL PERIOD   (935,872)

The notes form part of these financial statements

Page 3

Page 5

Lemu Global Limited (Registered number: 14454683)

Other Comprehensive Income  
for the Period 1 November 2022 to 31 December 2023  
  Notes $
  LOSS FOR THE PERIOD ( 935,872 )
  Other comprehensive income -
  TOTAL COMPREHENSIVE INCOME  
  FOR THE PERIOD (935,872)
  The notes form part of these financial statements  
  Page 4  
Page 6

Lemu Global Limited (Registered number: 14454683)

Balance Sheet        
31 December 2023        
      Notes $ $
    FIXED ASSETS      
    Investments 6   8,519,148
           
    CURRENT ASSETS      
    Debtors 7 3,868,398  
    Cash at bank   207,204  
        4,075,602  
    CREDITORS      
    Amounts falling due within one year 8 11,467  
    NET CURRENT ASSETS     4,064,135
    TOTAL ASSETS LESS CURRENT      
    LIABILITIES     12,583,283
           
    CAPITAL AND RESERVES      
    Called up share capital 9   27,557
    Share premium     13,491,598
    Retained earnings 10   (935,872)
    SHAREHOLDERS' FUNDS     12,583,283
 
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.

The notes form part of these financial statements Page 5 continued...

Page 7

Lemu Global Limited (Registered number: 14454683)

Balance Sheet - continued 31 December 2023

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

The financial statements were approved by the Board of Directors and authorised for issue on   2024-10-29 29 October 2024and were signed on its behalf by:

................ ................ ................ ................

The Board of Directors

The notes form part of these financial statements

Page 6

Page 8

Lemu Global Limited (Registered number: 14454683)

Statement of Changes in Equity        
for the Period 1 November 2022 to 31 December 2023      
         
  Called up      
  share Retained Share Total
  capital earnings premium equity
  $ $ $ $
Changes in equity        
Issue of share capital 27,557 - 13,491,598 13,519,155
Total comprehensive income - (935,872) - ( 935,872 )
Balance at 31 December 2023 27,557 ( 935,872 ) 13,491,598 12,583,283
       
  The notes form part of these financial statements    
  Page 7      
Page 9

Lemu Global Limited (Registered number: 14454683)

Notes to the Financial Statements

for the Period 1 November 2022 to 31 December 2023

 

 

1. STATUTORY INFORMATION

Lemu Global Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).

As of 31 December 2023, Lemu Global Limited is controlled by Arauco Ventures Limited, a company incorporated in England and Wales with registered company number 14393813. Control is by virtue of 99% of Ordinary shares being owned by Arauco Ventures Limited.

The ultimate controlling parties are considered to be Mr Roberto Angelini Rossi and Mrs Patricia Angelini Rossi , both Chilean tax residents.

2. ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements contain information about Lemu Global Limited as an individual companny and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Page 8

continued...

Page 10
Lemu Global Limited (Registered number: 14454683)

Notes to the Financial Statements - continued

for the Period 1 November 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

ò the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;

ò the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;

ò the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations;

ò the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

ò the requirements of IFRS 7 Financial Instruments: Disclosures;

ò the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

ò the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

the requirements of paragraph 58 of IFRS 16;

ò the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

ò the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

- paragraph 79(a)(iv) of IAS 1;

- paragraph 73(e) of IAS 16 Property, Plant and Equipment;

- paragraph 118(e) of IAS 38 Intangible Assets;

-paragraphs 76 and 79(d) of IAS 40 Investment Property; and

- paragraph 50 of IAS 41 Agriculture;

ò the requirements of paragraphs 10(d), 10)(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D and 111 of IAS 1 Presentation of Financial Statements;

ò the requirements of paragraphs 134 to 136 of IAS 1 Presentation of Financial Statements;

ò the requirements of IAS 7 Statement of Cash Flows;

ò the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

ò the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

ò the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

ò the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Page 9 continued...

Lemu Global Limited (Registered number: 14454683) Notes to the Financial Statements - continued for the Period 1 November 2022 to 31 December 2023 2. ACCOUNTING POLICIES - continued The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework": ò the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment; ò the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations; ò the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations; ò the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources; ò the requirements of IFRS 7 Financial Instruments: Disclosures; ò the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement; ò the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases; the requirements of paragraph 58 of IFRS 16; ò the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers; ò the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of: - paragraph 79(a)(iv) of IAS 1; - paragraph 73(e) of IAS 16 Property, Plant and Equipment; - paragraph 118(e) of IAS 38 Intangible Assets; - paragraphs 76 and 79(d) of IAS 40 Investment Property; and - paragraph 50 of IAS 41 Agriculture; ò the requirements of paragraphs 10(d), 10)(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D and 111 of IAS 1 Presentation of Financial Statements; ò the requirements of paragraphs 134 to 136 of IAS 1 Presentation of Financial Statements; ò the requirements of IAS 7 Statement of Cash Flows; ò the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors; ò the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures; ò the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group; ò the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets. Page 9 continued...
Page 11

Lemu Global Limited (Registered number: 14454683)

Notes to the Financial Statements - continued

for the Period 1 November 2022 to 31 December 2023

 

2. ACCOUNTING POLICIES - continued

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. For this accounting period the company have not had estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Critical judgements in applying the entity's accounting policies

As of 31 December 2023, management have not applied judgement in defining the entity's accounting policies.

Critical accounting judgements and key sources of estimation uncertainty Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. For this accounting period the company have not had estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities. Critical judgements in applying the entity's accounting policies As of 31 December 2023, management have not applied judgement in defining the entity's accounting policies.

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Taxation Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Foreign currencies

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

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

Employee benefit costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Employee benefit costs The company operates a defined contribution pension scheme.  Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Investments in subsidiaries

Investments in subsidiaries are held at cost less accumulated impairment losses. Where investments in subsidiaries have been acquired as a result of a Group restructure and the subsidiary investments are under common control, then the assumed cost is the predecessor book values less accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS  
    $
  Wages and salaries 69,208
  Social security costs 430
  Other pension costs 1,702
    71,340

Page 10 continued...

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Lemu Global Limited (Registered number: 14454683)

Notes to the Financial Statements - continued  
for the Period 1 November 2022 to 31 December 2023  
     
3. EMPLOYEES AND DIRECTORS - continued  
  The average number of employees during the period was as follows:  
  Administrative 1
  As of 31 December 2023, Lemu Global Limited only had executive directors, who have not received remuneration of any kind during the accounting period. The remuneration of the executive directors is borne by other group companies.
   
4. LOSS BEFORE TAXATION  
  The loss before taxation is stated after charging:  
    $
  Cost of inventories recognised as expense 7,986
  Foreign exchange differences 19,090
5. TAXATIONAnalysis of tax expense

No liability to UK corporation tax arose for the period.

6. INVESTMENTS

 

6.   Shares in Group Undertakings
    $
  COST  
  Additions 8,519,148
  At 31 December 2023 8,519,148
  NET BOOK VALUE  
  At 31 December 2023 8,519,148
     
  A controlling interest was purchased in the following companies during the period:  
  - Lemu Earth a company registered in Chile  
  - Lemu Inc a company registered in the USA  
     
7. DEBTORS  
    $
  Amounts falling due within one year:  
  Other debtors 93,074

Page 11 continued...

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Lemu Global Limited (Registered number: 14454683)

Notes to the Financial Statements - continued    
for the Period 1 November 2022 to 31 December 2023    
       
7. DEBTORS - continued    
      $
  Amounts falling due after more than one year:    
  Amounts owed by group undertakings   3,775,324
  Aggregate amounts   3,868,398
     
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR  
      $
  Trade creditors   1,797
  Social security and other taxes   627
  Other creditors   9,043
      11,467
9. CALLED UP SHARE CAPITAL    
  Allotted, issued and fully paid:    
  Number: Class: Nominal  
    value: $
  27,557,314 Ordinary 0.001 27,557

27,557,314 Ordinary shares of $0.001 each were allotted as fully paid at an average premium of $0.49 per share during the period.

10. RESERVES      
    Retained Share  
    earnings premium Totals
    $ $ $
  Deficit for the period (935,872)   ( 935,872 )
  Cash share issue - 13,491,598 13,491,598
  At 31 December 2023 (935,872) 13,491,598 12,555,726

11. ULTIMATE PARENT COMPANY

AntarChile S.A. (incorporated in Chile) is regarded by the directors as being the company's ultimate parent company.

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