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REGISTERED NUMBER: 13677696 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

LUNAR BLOCKCHAIN LIMITED

LUNAR BLOCKCHAIN LIMITED (REGISTERED NUMBER: 13677696)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUNAR BLOCKCHAIN LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: Mr R J Garbutt
Mr P J Doyle
Mr C Appleby



REGISTERED OFFICE: 7B Kilburn House
Lloyd Street North
Manchester Science Park
Manchester
M15 6SE



REGISTERED NUMBER: 13677696 (England and Wales)



ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD



SOLICITORS: Pannone Corporate LLP
378-380 Deansgate
Manchester
M3 4LY

LUNAR BLOCKCHAIN LIMITED (REGISTERED NUMBER: 13677696)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 249,451 280,202

CURRENT ASSETS
Debtors 5 42,673 51,616
Cash at bank 5,872 6,123
48,545 57,739
CREDITORS
Amounts falling due within one year 6 (13,589 ) (8,842 )
NET CURRENT ASSETS 34,956 48,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,407

329,099

CREDITORS
Amounts falling due after more than one
year

7

(316,237

)

(335,057

)
NET LIABILITIES (31,830 ) (5,958 )

CAPITAL AND RESERVES
Called up share capital 8 120 120
Retained earnings (31,950 ) (6,078 )
SHAREHOLDERS' FUNDS (31,830 ) (5,958 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:




Mr R J Garbutt - Director


LUNAR BLOCKCHAIN LIMITED (REGISTERED NUMBER: 13677696)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Lunar Blockchain Limited is a private company, limited by shares, registered in England and Wales. Registration number 13677696. Both the registered office and principal place of business are 7b Kilburn House, Lloyd Street North, Manchester Science Park, Manchester, M15 6SE.

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, modified to include the revaluation of freehold properties.

Going Concern
At the reporting date, the company's liabilities exceed its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover represents amounts recognised by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the services provided in relation to the mining of cryptocurrency.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Computer equipment-20% straight line
Fixtures and fittings-10% straight line

At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

LUNAR BLOCKCHAIN LIMITED (REGISTERED NUMBER: 13677696)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise of cash at bank and in hand. Bank borrowings are included within creditors.

Secured Debts
Robin Garbutt and Patrick Doyle hold a charge, dated 1st February 2022, creating a fixed and floating charge over the property or undertaking of the entity. This charge contains a negative pledge and relates to shareholders loans provided to the group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 306,304 474 306,778
DEPRECIATION
At 1st January 2023 26,546 30 26,576
Charge for year 30,655 96 30,751
At 31st December 2023 57,201 126 57,327
NET BOOK VALUE
At 31st December 2023 249,103 348 249,451
At 31st December 2022 279,758 444 280,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 29 16,276
Other debtors 42,644 35,340
42,673 51,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24 -
Trade creditors 4,010 5,388
Taxation and social security 4,742 -
Other creditors 4,813 3,454
13,589 8,842

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 316,237 335,057

LUNAR BLOCKCHAIN LIMITED (REGISTERED NUMBER: 13677696)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
120 Share capital 1 £1.00 120 120

9. RELATED PARTY DISCLOSURES

The company has the following balances at year end with companies which are related parties by virtue of common control.

Included within debtors as an amount of £23,317 (2022: £24,025) owed from a company under common control. This balance represents an interest free loan, repayable on demand.

During the year, the company paid consultancy fees of £6,667 (2022: £Nil) to one of it's directors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the shareholders of Lunar Green Holdings Limited by virtue of their controlling interest in the entity.