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REGISTERED NUMBER: 13836741 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Pacific Andes Ltd

Pacific Andes Ltd (Registered number: 13836741)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Pacific Andes Ltd

Company Information
for the year ended 31 January 2024







DIRECTOR: T H French





REGISTERED OFFICE: 1 Charterhouse Mews
London
EC1M 6BB





REGISTERED NUMBER: 13836741 (England and Wales)





ACCOUNTANTS: ansteybond
1 Charterhouse Mews
London
EC1M 6BB

Pacific Andes Ltd (Registered number: 13836741)

Balance Sheet
31 January 2024

2024 2023
Notes $    $   
FIXED ASSETS
Investments 4 8,765,958 8,686,023

CURRENT ASSETS
Debtors 5 4,055,085 51,411
Cash at bank 1,180 6,124
4,056,265 57,535
CREDITORS
Amounts falling due within one year 6 (11,053,297 ) (6,770,510 )
NET CURRENT LIABILITIES (6,997,032 ) (6,712,975 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,768,926

1,973,048

CAPITAL AND RESERVES
Called up share capital 2,080,100 2,080,100
Retained earnings (311,174 ) (107,052 )
1,768,926 1,973,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 28 January 2025 and were signed by:



T H French - Director


Pacific Andes Ltd (Registered number: 13836741)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Pacific Andes Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standards 102 "The Financial Reporting Standard in the UK 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 US dollars, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest $.

Taxation
Taxation for the year 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 year 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.

Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand and highly liquid interest-bearing securities with maturities of three months or less. Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowing in liabilities on the balance sheet.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Investments
Investments held as fixed assets are shown at historic cost less any provisions for impairment.

Pacific Andes Ltd (Registered number: 13836741)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
$   
COST
At 1 February 2023 8,686,023
Additions 21,999
Reclassification/transfer 57,936
At 31 January 2024 8,765,958
NET BOOK VALUE
At 31 January 2024 8,765,958
At 31 January 2023 8,686,023

Pacific Andes Ltd (Registered number: 13836741)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the balance sheet date in the share capital of companies include the following:

Buses Alfa S.A.
Av. Apoquindo 4001 oficina 503, Las Condes Santiago

Class of shares % holding
Ordinary 98.00
2024
$   
Aggregate capital and reserves 3,878,437
Profit for year (10,283,615 )

Buses Omega S.A.
Av. Apoquindo 4001 oficina 503, Las Condes Santiago

Class of shares % holding
Ordinary 98.00
2024
$   
Aggregate capital and reserves 4,215,693
Profit for year (4,743,936 )

Transportes Automotores Y Servicios SpA.
Av. Providencia 1760 oficina 1603, Providencia Santiago

Class of shares % holding
Ordinary 100.00
2023
$   
Aggregate capital and reserves 10,775
Profit for year (127,935 )

Constructora E Inmobiliaria Vespucio SpA.
Av.

Class of shares % holding
Ordinary 100.00
2023
$   
Aggregate capital and reserves 10,775
Profit for year

5. DEBTORS
2024 2023
$    $   
Amounts falling due within one year:
Other debtors 55,408 51,411

Pacific Andes Ltd (Registered number: 13836741)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. DEBTORS - continued
2024 2023
$    $   
Amounts falling due after more than one year:
Amounts owed by group undertakings 3,999,677 -

Aggregate amounts 4,055,085 51,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Amounts owed to group undertakings 11,000 -
Other creditors 11,042,297 6,770,510
11,053,297 6,770,510

7. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors, was the amount of $5,516,450 due to Javier Casimiro Zbikoski, a shareholder of the company.

At the balance sheet date, included in other creditors, was the amount of $5,516,450 due to Eduardo Alejandro Zbikoski, a shareholder of the company.

At the balance sheet date, the following group balances were included:
$
Amounts owed by Buses Alfa S.A. 3,414,656
Amounts owed by Buses Omega S.A. 585,021
Amounts Owed from Constructora E Inmobiliaria Vespucio SpA.11,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Javier Casimiro Zbikoski and Eduardo Alejandro Zbikoski, by virtue of their shareholdings.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Pacific Andes Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pacific Andes Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pacific Andes Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pacific Andes Ltd and state those matters that we have agreed to state to the director of Pacific Andes Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pacific Andes Ltd and its director for our work or for this report.

It is your duty to ensure that Pacific Andes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pacific Andes Ltd. You consider that Pacific Andes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pacific Andes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ansteybond
1 Charterhouse Mews
London
EC1M 6BB


28 January 2025