Moixa Energy Holdings Limited
Moixa Energy Holdings Limited
Registered number: 04941671
Unaudited Financial Statements
For The Year Ended
31 March 2021
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Moixa Energy Holdings Limited
Unaudited Financial Statements
For The Year Ended
31 March 2021
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—6 |
Moixa Energy Holdings Limited
Balance Sheet
As at
31 March 2021
Balance Sheet
Registered number:
04941671
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Investments | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Share premium account |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 13,898,649 | 13,029,302 | |||
Moixa Energy Holdings Limited
Balance Sheet (continued)
As at
31 March 2021
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 15 December 2021 and were signed on its behalf by: Simon Daniel
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The notes on pages 4 to 6 form part of these financial statements.
Moixa Energy Holdings Limited
Notes to the Financial Statements
For The Year Ended
31 March 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Computer Equipment |
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1.3.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2020: 7)
3.
Debtors
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 73,292 | 49,435 | |
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| Due after more than one year | |||
| Amounts owed by group undertakings | 12,018,000 | 10,515,000 | |
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Moixa Energy Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
4.
Current Asset Investments
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Unlisted investments | 2,000,255 | 2,000,255 | |
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The company owns 100% of the issued share capital of Moixa Energy Limited, a company which develops and markets intelligent battery technologies, including the USBCELL re-usable battery category.
The company owns 100% of the issued share capital of Moixa Technology Limited, by nature of a share for share issue. Moixa Technology Limited is a company which is developing a Home Energy System that enables low power homes through an energy management and power provisioning system that helps households reduce/load shift electricity consumption, go off-grid and cost effectively and persistently reduce energy use via advanced monitoring.
Under the 2006 Companies Act the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
5.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
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| £ | £ | ||
| Trade creditors |
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| Other creditors | 3,314,493 | 15,278 | |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 2021 | 2020 | ||
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| £ | £ | ||
| Bank loans |
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Moixa Energy Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
8.
Post Balance Sheet Events
The following directors were appointed on 3 June 2021:
- Jeff Barnes
- Kunal Girotr
On the same date, 3 June 2021, the following directors resigned:
- Simon Daniel
- Christopher Wright
- Stephen James Horley
- Kiyoshi Ito
- Hiroaki Murase
- David Charles Thomlinson
9.
Related Party Transactions
As at 31 March 2021 Moixa Technology Limited, a company wholly owned by Moixa Energy Holdings Limited, owed the company £12,015,000 (2020: £10,515,000). The loan is unsecured, non-interest-bearing and repayable on demand.
In the year, Thomlinson & Co Ltd, a company wholly owned by D Thomlinson, a director in the company, charged £25,000 in the year (2020: £17,500) in relation to management expenses.
10.
Ultimate Controlling Party
The company's ultimate controlling party is
Lunar Energy Inc.
by virtue of his ownership of 100% of the issued share capital in the company.
11.
General Information
Moixa Energy Holdings Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04941671
. The registered office is 55 Baker Street, London, W1U 7EU.