San Luis Mining Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03757653 (England and Wales)

San Luis Mining Group Limited

Unaudited Financial Statements

for the Year Ended 31st December 2020

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Director:

Mr A H El-Helw

Registered office:

301 Elveden Road

Park Royal

London

NW10 7SS

Registered number:

03757653 (England and Wales)

Accountants:

Wilson Stevens

Accountants

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Fixed assets

Investments

4

2,750,000

2,750,000

Current assets

Cash at bank

1,000

1,000

Creditors

Amounts falling due within one year

5

2,750,000

2,750,000

Net current liabilities

(2,749,000

)

(2,749,000

)

Total assets less current liabilities

1,000

1,000

Capital and reserves

Called up share capital

1,000

1,000

1,000

1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th August 2021 and were signed by:

Mr A H El-Helw - Director

1.	Statutory information

San Luis Mining Group 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.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and 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 company was dormant throughout the current year and previous year.

Investments in subsidiaries

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.Changes in fair value are included in the profit and loss account.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	Employees and directors

The average number of employees during the year was NIL (2019 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1st January 2020

and 31st December 2020

2,750,000

Net book value

At 31st December 2020

2,750,000

At 31st December 2019

2,750,000

5.

Creditors: amounts falling due within one year

2020

2019

£

£

Amounts owed to group undertakings

2,750,000

2,750,000

6.	Ultimate parent company

The immediate and ultimate parent company is SSQ Mining & Quarrying Holdings Limited, a company incorporated in England and Wales.