REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Mogu Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Mogu Limited |
Mogu Limited (Registered number: 07992192) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Mogu Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Manchester Square |
18 Fitzhardinge Street |
London |
W1H 6EQ |
Mogu Limited (Registered number: 07992192) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
Mogu Limited (Registered number: 07992192) |
Balance Sheet - continued |
31 December 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Mogu Limited (Registered number: 07992192) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Mogu Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
31.12.23 | 31.12.22 |
€ | € |
Shares in group undertakings |
Loans to group undertakings |
Mogu Limited (Registered number: 07992192) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | FIXED ASSET INVESTMENTS - continued |
Additional information is as follows: |
Shares in |
group |
undertakings |
€ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
31.12.23 | 31.12.22 |
€ | € |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) | ( |
) |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
31.12.23 | 31.12.22 |
€ | € |
Aggregate capital and reserves |
Loss for the year | ( |
) | ( |
) |
Loans to |
group |
undertakings |
€ |
At 1 January 2023 |
New in year |
At 31 December 2023 |
Mogu Limited (Registered number: 07992192) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
€ | € |
Bank loans and overdrafts (see note 7) |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 31.12.22 |
€ | € |
Other creditors | 6,939,556 | 6,939,556 |
Amounts owed to parent company | 1,621,718 | 1,727,417 |
Loan Tolmet | 9,471,616 | 8,270,500 |
7. | LOANS |
An analysis of the maturity of loans is given below: |
31.12.23 | 31.12.22 |
€ | € |
Amounts falling due within one year or on demand: |
Bank overdrafts |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | € | € |
Share capital 1 | €1.20 | 1,200 | 1,200 |
9. | RESERVES |
Retained |
earnings |
€ |
At 1 January 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31 December 2023 | ( |
) |
Mogu Limited (Registered number: 07992192) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
10. | RELATED PARTY DISCLOSURES |
Included in Creditors due after more than one year, are monies due to the parent company Horesti Investment Holdings Ltd, a company incorporated in the British Virgin Islands, of €1,621,718 (2022 €1,727,417). |
Included in Creditors due after more than one year, are monies due to Tolmet Universal Ltd, a company incorporated in the British Virgin Islands, of €9,471,616 (2022 €8,270,500) which is benefially owned by Ms O Evstafyeva and Miss T Evstafyeva. The loan is unsecured and interest free. |
Included in Fixed asset investment are monies due from Apartment 15 Ltd, a company 100% owed by Mogu Ltd, of €5,943,242 (2022 €5,818,242). This loan is unsecured, repayable within two years and is free of nterest. |
Included in Fixed asset investment are monies due from Villa Lena Agricola SRL, a company incorporated in Italy, of €6,075,942 (2022 €5,550,942). Of this amount €5,412,952 (2022 €4,512,952) has been treated as contribution to capital of Villa Lena Agricola SRL |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |