Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-09-13The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseholding company3truefalse 14354473 2022-09-12 14354473 2022-09-13 2023-12-31 14354473 2021-09-13 2022-09-12 14354473 2023-12-31 14354473 2 2022-09-13 2023-12-31 14354473 d:Director2 2022-09-13 2023-12-31 14354473 e:CurrentFinancialInstruments 2023-12-31 14354473 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 14354473 e:ShareCapital 2022-09-13 2023-12-31 14354473 e:ShareCapital 2023-12-31 14354473 e:OtherMiscellaneousReserve 2022-09-13 2023-12-31 14354473 e:OtherMiscellaneousReserve 2023-12-31 14354473 e:OtherMiscellaneousReserve 2 2022-09-13 2023-12-31 14354473 e:RetainedEarningsAccumulatedLosses 2022-09-13 2023-12-31 14354473 e:RetainedEarningsAccumulatedLosses 2023-12-31 14354473 e:RetainedEarningsAccumulatedLosses 2 2022-09-13 2023-12-31 14354473 d:FRS102 2022-09-13 2023-12-31 14354473 d:AuditExempt-NoAccountantsReport 2022-09-13 2023-12-31 14354473 d:FullAccounts 2022-09-13 2023-12-31 14354473 d:PrivateLimitedCompanyLtd 2022-09-13 2023-12-31 14354473 6 2022-09-13 2023-12-31 14354473 f:PoundSterling 2022-09-13 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 14354473








HARPIA MINING LIMITED
(FORMERLY G. MINING UK LIMITED)

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2023

 
HARPIA MINING LIMITED (FORMERLY G. MINING UK LIMITED)
REGISTERED NUMBER: 14354473

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investments
 4 
18,686,015

  
18,686,015

  

Creditors: amounts falling due within one year
 5 
(3,000)

Net current (liabilities)/assets
  
 
 
(3,000)

Total assets less current liabilities
  
18,683,015

  

Net assets
  
18,683,015


Capital and reserves
  

Called up share capital 
  
50,000

Other reserves
  
18,636,763

Profit and loss account
  
(3,748)

  
18,683,015


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 January 2025.




E J R Neto
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
HARPIA MINING LIMITED (FORMERLY G. MINING UK LIMITED)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Capital contribution
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Loss for the period

-
-
(3,748)
(3,748)


Other comprehensive income for the period
-
-
-
-


Total comprehensive income for the period
-
-
(3,748)
(3,748)


Contributions by and distributions to owners

Shares issued during the period
50,000
-
-
50,000

Capital contribution
-
18,636,763
-
18,636,763


Total transactions with owners
50,000
18,636,763
-
18,686,763


At 31 December 2023
50,000
18,636,763
(3,748)
18,683,015

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HARPIA MINING LIMITED (FORMERLY G. MINING UK LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Harpia Mining Limited is a private company Limited by shares and incorporated in England and Wales. Its registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3

 
HARPIA MINING LIMITED (FORMERLY G. MINING UK LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of
Page 4

 
HARPIA MINING LIMITED (FORMERLY G. MINING UK LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the period was 3.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
18,686,015



At 31 December 2023
18,686,015





5.


Creditors: Amounts falling due within one year

2023
£

Accruals and deferred income
3,000

3,000


Page 5

 
HARPIA MINING LIMITED (FORMERLY G. MINING UK LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Related party transactions

During the year Harpia Holding Brasil Ltda was acquired at the value of £18,686,015 and is wholly owned by Harpia Mining Limited.
During the year G. Mining Ventures LP made a capital contribution amounting to £18,636,763 to the company. G. Mining Ventures LP is owned by M Curti, the director and shareholder of Harpia Mining Limited. 
The company is owned 50% by G. Mining Ventures LP and 50% by V3 Gold Mining Limited. 

 
Page 6