PTP Accounts Production v23.4.0.336 07992192 director 1.1.23 31.12.23 31.12.23 true false true false false true false Share capital 1 1.20000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079921922022-12-31079921922023-12-31079921922023-01-012023-12-31079921922021-12-31079921922022-01-012022-12-31079921922022-12-3107992192ns15:EnglandWales2023-01-012023-12-3107992192ns14:Euro2023-01-012023-12-3107992192ns10:Director12023-01-012023-12-3107992192ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107992192ns10:SmallEntities2023-01-012023-12-3107992192ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107992192ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107992192ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107992192ns10:FullAccounts2023-01-012023-12-3107992192ns10:OrdinaryShareClass12023-01-012023-12-3107992192ns10:RegisteredOffice2023-01-012023-12-3107992192ns5:CurrentFinancialInstruments2023-12-3107992192ns5:CurrentFinancialInstruments2022-12-3107992192ns5:Non-currentFinancialInstruments2023-12-3107992192ns5:Non-currentFinancialInstruments2022-12-3107992192ns5:ShareCapital2023-12-3107992192ns5:ShareCapital2022-12-3107992192ns5:RetainedEarningsAccumulatedLosses2023-12-3107992192ns5:RetainedEarningsAccumulatedLosses2022-12-3107992192ns5:CostValuation2022-12-3107992192ns5:Subsidiary12023-01-012023-12-3107992192ns5:Subsidiary112023-01-012023-12-3107992192ns5:Subsidiary12023-12-3107992192ns5:Subsidiary12022-12-3107992192ns5:Subsidiary12022-01-012022-12-3107992192ns5:Subsidiary22023-01-012023-12-31079921923ns5:Subsidiary22023-01-012023-12-3107992192ns5:Subsidiary22023-12-3107992192ns5:Subsidiary22022-12-3107992192ns5:Subsidiary22022-01-012022-12-3107992192ns5:AdditionsToInvestments2023-12-3107992192ns5:CostValuation2023-12-3107992192ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107992192ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107992192ns10:OrdinaryShareClass12023-12-3107992192ns5:RetainedEarningsAccumulatedLosses2022-12-3107992192ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 07992192 (England and Wales)















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: Mrs E Evstafyeva





REGISTERED OFFICE: Manchester Square
18 Fitzhardinge Street
London
W1H 6EQ





REGISTERED NUMBER: 07992192 (England and Wales)





ACCOUNTANTS: Dave & Co
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 15,025,633 14,361,633

CURRENT ASSETS
Cash at bank 1,487,352 1,056,576

CREDITORS
Amounts falling due within one year 5 - 13
NET CURRENT ASSETS 1,487,352 1,056,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,512,985

15,418,196

CREDITORS
Amounts falling due after more than
one year

6

18,032,890

16,937,473
NET LIABILITIES (1,519,905 ) (1,519,277 )

CAPITAL AND RESERVES
Called up share capital 8 1,200 1,200
Retained earnings 9 (1,521,105 ) (1,520,477 )
SHAREHOLDERS' FUNDS (1,519,905 ) (1,519,277 )

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

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

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


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Mrs E Evstafyeva - Director


Mogu Limited (Registered number: 07992192)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mogu 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.

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 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
€    €   
Shares in group undertakings 2,922,756 2,922,756
Loans to group undertakings 12,102,877 11,438,877
15,025,633 14,361,633

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 2,922,756
NET BOOK VALUE
At 31 December 2023 2,922,756
At 31 December 2022 2,922,756

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Apartment 15 Ltd
Registered office:
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
€    €   
Aggregate capital and reserves (416,140 ) (267,751 )
Loss for the year (148,389 ) (263,437 )

Villa Lena Agricola SRL
Registered office:
Nature of business: Tourism
%
Class of shares: holding
Ordinary 60.00
31.12.23 31.12.22
€    €   
Aggregate capital and reserves 34,787 11,750
Loss for the year (876,965 ) (317,267 )
Loans to
group
undertakings
€   
At 1 January 2023 11,438,877
New in year 664,000
At 31 December 2023 12,102,877

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)
-

13

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
18,032,890 16,937,473

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 - 13

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: €    €   
1,000 Share capital 1 €1.20 1,200 1,200

9. RESERVES
Retained
earnings
€   

At 1 January 2023 (1,520,477 )
Deficit for the year (628 )
At 31 December 2023 (1,521,105 )

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 Ms O Evstafyeva and Miss T Evstafyeva.