Registered number
11123678
VICUÑITA MINERALS UK LTD
Unaudited Filleted Accounts
31 December 2024
VICUÑITA MINERALS UK LTD
Registered number: 11123678
Balance Sheet
as at 31 December 2024
Notes 2024 2023
$ $
Fixed assets
Tangible assets 3 909 1,213
Investments 4 558,177 558,177
559,086 559,390
Current assets
Debtors 5 3,758,729 3,755,699
Cash at bank and in hand - 346
3,758,729 3,756,045
Creditors: amounts falling due within one year 6 (5,754,827) (4,567,117)
Net current liabilities (1,996,098) (811,072)
Net liabilities (1,437,012) (251,682)
Capital and reserves
Called up share capital 2,799 2,799
Share premium 3,576,940 3,576,940
Profit and loss account (5,016,751) (3,831,421)
Shareholders' funds (1,437,012) (251,682)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Julio Alonso Lindley
Director
Approved by the board on 12 March 2025
VICUÑITA MINERALS UK LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25 % reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Computer equipment
$
Cost
At 1 January 2024 2,590
At 31 December 2024 2,590
Depreciation
At 1 January 2024 1,377
Charge for the year 304
At 31 December 2024 1,681
Net book value
At 31 December 2024 909
At 31 December 2023 1,213
4 Investments
Investments in
subsidiary
undertakings
$
Cost
At 1 January 2024 558,177
At 31 December 2024 558,177
5 Debtors 2024 2023
$ $
Amounts owed by Minera Vicunita SAC 2,145,612 2,142,483
Amounts owed by other related parties 1,613,117 1,613,216
3,758,729 3,755,699
6 Creditors: amounts falling due within one year 2024 2023
$ $
Trade creditors 1,463,957 532,017
Short term loans from related parties 4,287,100 4,035,100
Other creditors 3,770 -
5,754,827 4,567,117
7 Other information
VICUÑITA MINERALS UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit A Farriers Courtyard
Spelmonden Farm, Spelmonden Road
Goudhurst
Cranbrook
TN17 1HE
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