AMERICA METALS TRADING LLP

Company Registration Number:
OC306433 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

AMERICA METALS TRADING LLP

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

AMERICA METALS TRADING LLP

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Additional information

During late 2012 the business experienced some cash flow difficulties linked to the economic downturn and a slowdown in demand for pig iron that impacted a number of producers in Brazil which included trading parties related to America Metals Trading LLP. Following this development, and the existence of consequent legal disputes that subsequently arose, America Metals Trading LLP effectively suspended its trade of the purchase and sale of metals/trading materials in the steel and casting market from late 2012 and has continued to do so up to the current date at which these financial statements are being finalised. The Members continue to explore resolution of the current legal disputes including (i) negotiation of substantial discounts to settle outstanding loans, (ii) recovering assets such as receivables and advances to former suppliers in Brazil and abroad, (iii) exploring the possibility of restoring future production opportunities to recommence operations and seek opportunities for new sources of finance. Despite of these initiatives, at this stage, the Members are not able to establish this with any certainty. Accordingly the accounts have been prepared on a cessation basis rather than as a going concern.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

LUIS GUILHERME MARIANO MONTEIRO
 LUIS EDUARDO MARIANO MONTEIRO

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 March 2025

And signed on behalf of the board by:
Name: LUIS GUILHERME MARIANO MONTEIRO
Status: Director

AMERICA METALS TRADING LLP

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Creditors: amounts falling due within one year: 3 ( 90,745 ) ( 90,745 )
Net current assets (liabilities): (90,745) (90,745)
Total assets less current liabilities: (90,745) ( 90,745)
Creditors: amounts falling due after more than one year: 4 ( 129 ) ( 129 )
Accruals and deferred income: ( 67,348 ) ( 67,348 )
Total net assets (liabilities): (158,222) (158,222)
Capital and reserves
Called up share capital: 18 18
Profit and loss account: (158,240 ) (158,240 )
Total Shareholders' funds: ( 158,222 ) (158,222)

The notes form part of these financial statements

AMERICA METALS TRADING LLP

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: LUIS GUILHERME MARIANO MONTEIRO
Status: Director

The notes form part of these financial statements

AMERICA METALS TRADING LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Short term receivables are measured at transaction price, less any impairment, Investments are measured at their expected recovery cost. Investments and Cash are reported net of Accruals and Deferred Income short term payables are measured at the transaction price ALL AMOUNTS ARE IN 000 USD

AMERICA METALS TRADING LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

AMERICA METALS TRADING LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 71,362 71,362
Trade creditors 19,373 19,373
Other creditors 10 10
Total 90,745 90,745

ALL AMOUNTS ARE IN 000 USD

AMERICA METALS TRADING LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 129 129
Total 129 129

ALL AMOUNTS ARE IN 000 USD

AMERICA METALS TRADING LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Financial Commitments

The LLP enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like such as trade and other receivable, accruals, investments, trade and other payables. Short term receivables are measured at transaction price, less any impairment, Investments are measured at their expected recovery cost. Short term payables 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. In the last 5 years the Members have been able to negotiate and settle over USD 40 mln in liabilities against former Clients and Bank. The Company continues to carry on negotiations with the other lenders in order to further reduce its liabilities. While such liabilities remain outstanding the interest and penalties continues to be accrued and recorded net of short term receivables, cash and investments.

AMERICA METALS TRADING LLP

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Off balance sheet arrangements

Where considered necessary, the Members have made adjustment to the carrying value of assets and liabilities to reflect the preparation of the financial statements on a cessation basis. Where appropriate, adjustment has been made to impair the carrying value of investments against the non-recoverability of amounts due to the LLP where no evidence of payment has been noted since the period end. Furthermore, the members have evaluated the carrying value of liabilities and accrued for estimated interest due on outstanding debt. The Members do not consider there to be any further additional liabilities to be recognised as at the year-end in respect of the preparation of the financial statements on a cessation basis but note that the ongoing legal disputes give rise to an uncertainty and contingent liabilities which, at this stage cannot be quantified.