REGISTERED NUMBER: 10652031 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Orxa Grid Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Akshat Sanjay Kulkarni

Mr Yash Sanjay Kulkarni

REGISTERED OFFICE:

Devonshire House

582 Honeypot Lane

Stanmore

MIDDLESEX

HA7 1JS

REGISTERED NUMBER:

10652031 (England and Wales)

ACCOUNTANTS:

Capitax Financial Limited

Devonshire House

582 Honeypot Lane

Stanmore

MIDDLESEX

HA7 1JS

FIXED ASSETS

Tangible assets

4

4,559

5,486

CURRENT ASSETS

Debtors

5

1,104

13,985

Cash at bank

37,503

42,789

38,607

56,774

CREDITORS

Amounts falling due within one year

6

12,006

51,488

NET CURRENT ASSETS

26,601

5,286

TOTAL ASSETS LESS CURRENT LIABILITIES

31,160

10,772

CREDITORS

Amounts falling due after more than one year

7

(61,711

)

(67,037

)

PROVISIONS FOR LIABILITIES

(866

)

(1,042

)

NET LIABILITIES

(31,417

)

(57,307

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(31,517

)

(57,407

)

SHAREHOLDERS' FUNDS

(31,417

)

(57,307

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Mr Akshat Sanjay Kulkarni - Director

1.	STATUTORY INFORMATION

Orxa Grid Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Plant and machinery etc - 25% on 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

11,603

Additions

1,452

Disposals

(2,119

)

At 31 March 2025

10,936

DEPRECIATION

At 1 April 2024

6,117

Charge for year

2,379

Eliminated on disposal

(2,119

)

At 31 March 2025

6,377

NET BOOK VALUE

At 31 March 2025

4,559

At 31 March 2024

5,486

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

12,408

Other debtors

1,104

1,577

1,104

13,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

208

165

Trade creditors

3,613

237

Taxation and social security

(21,464

)

(3,195

)

Other creditors

29,649

54,281

12,006

51,488

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

61,711

67,037

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 March 2025, Orxa Grid Ltd owed £1,752 to its directors. This amount is reflected in the director's loan accounts in credit balance, which is shown as Other Creditors under Creditors due within one year. Please be advised that the director have agreed to provide this loan on an interest free basis and the loan is repayable on demand.

9.	RELATED PARTY DISCLOSURES

Orxa Grid Ltd entered into an investment agreement with TUS Dot Forge, in which a total of £55,000 was invested in Orxa Grid Ltd in the form of a convertible loan note. This convertible loan note consisted of £37,000 received as cash and £18,000 as a loan, which was converted from trade creditors as the Investor, TUS Dot Forge, provided services to Orxa Grid Ltd. The redemption method and date redemption of the investment is yet to be decided. The methods of redemption are either a loan repayment of £55,000 payable at an interest rate of 8% in one year from investment, or a loan conversion into shares at a reduced market value price.

Orxa Grid Ltd has entered into an investment agreement with NorthStar Ventures, in which a total of £6,711 was invested in the form of a convertible loan note. This convertible loan note consisted of £6,711 received as cash and Orxa Grid Ltd has been paying interest on this loan for the year ended 31 March 2025.