SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549





                                    FORM 8-K




                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

                        Commission File Number 000-30779


                                February 4, 2003
                           Earliest Date of the Report


                        Shimoda Resources Holdings, Inc.
             (Exact name of registrant as specified by its charter)



         Nevada                                                  75-2843787
(State of incorporation)                                   (IRS Employer Number)


                   15 River Road, Suite 230, Wilton, CT 06897
                    (Address of principal executive offices)


                  Registrant's Telephone Number: (203) 563-9430



Item 2.  Acquisition or Disposition of Assets.

On January 23, 2003,  the  Registrant  entered  into an  agreement  with Shimoda
Resources  Limited  (Cyprus)  ("SRL") to  acquire  certain  shares in  operating
companies  and  companies  holding  licenses  and other  assets,  in the natural
resources sector in Emerging Europe, said assets representing  substantially all
of the assets of SRL, in exchange for  1,739,130  shares of  Registrant's  newly
issued common stock.  The agreement calls for SRL to provide  audited  financial
statements for the period ended December 31, 2002.



Item 5.  Other Events.

None


Item 7. Financial Statement, Pro Forma Financial Information and Exhibits.

(a)      Financial Statements of Business Acquired.  The financial statements of
         the business  acquired  are not included  herewith and will be filed by
         amendment as soon as practicable,  but not later than 60 days after the
         date on which this Current Report on Form 8-K is required to be filed.

(b)      Pro Forma  Financial  Information  of Registrant.  Pro Forma  financial
         information is not included  herewith and will be filed by amendment as
         soon as practicable, but not later than 60 days after the date on which
         this Current Report on Form 8-K is required to be filed.

(c)      Exhibits:

         10.3     Purchase of Assets  Agreement  between  Registrant and Shimoda
                  Resources Limited (Cypress) dated January 23, 2003.



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This  Form 8-K  contains  certain  forward-looking  statements  and  information
relating  to the  Company  that  is  based  on the  beliefs  of the  Company  or
management as well as assumptions made by and information currently available to
the Company or management.  When used in this document,  the words "anticipate",
"believe",  "estimate",  "expect" and "intend" and similar expressions,  as they
relate  to  the   Company  or  its   management,   are   intended   to  identify
forward-looking  statements.  Such  statements  reflect the current  view of the
Company regarding future events and are subject to certain risks,  uncertainties
and assumptions, including the risks and uncertainties noted. Should one or more
of these risks or uncertainties  materialize,  or should underlying  assumptions
prove incorrect,  actual results may vary materially from those described herein
as anticipated,  believed,  estimated,  expected or intended.  In each instance,
forward-looking  information  should be considered in light of the  accompanying
meaningful cautionary statements herein.




                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



 /S/ David J Mapley
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Dated:  February 4, 2003
David Mapley, President
Shimoda Resources Holdings, Inc.