Registration number:
Juno Investments Limited
for the Year Ended 31 March 2020
Juno Investments Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Juno Investments Limited
Company Information
Director |
Mr N W Wray |
Registered office |
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Juno Investments Limited
(Registration number: 07659145)
Balance Sheet as at 31 March 2020
Note |
2020 |
2019 |
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Fixed assets |
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Investments |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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( |
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Shareholder's funds |
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For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of income and the directors' report are not delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.
Approved and authorised for issue by the
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Mr N W Wray
Director
Juno Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020
General information |
The company is a private company limited by share capital incorporated in England. The registered office is shown on page 1.
The principal place of business is:
Flat 3
Grace Court
Totteridge Green
London
N20 8PY
England
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except where otherwise disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Going concern
The directors believe that preparing the financial statements on a going concern basis is appropriate due to the continued financial support of the ultimate parent company, Eurobeck Limited.
The directors have received confirmation that Eurobeck Limited intends to support the company for at least one year after these financial statements are signed.
Exemption from preparing group accounts
Juno Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A Small Entities may require the use of certain critical accounting estimates. It may also require the directors to exercise judgement in applying the accounting policies. |
In preparing these financial statements, the directors have had to make the following judgements: |
- Determine to what extent there are indicators of impairment of the company's investment in its subsidiary that is carried at cost. Factors taken into consideration in reaching such a decision include value of investments held by the subsidiary and knowledge as to the economic viability and expected future financial performance of the subsidiary. |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Tax
The tax expense for the year comprises current and deferred tax, as applicable. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The company's liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised in respect of all significant timing differences that have originated but not reversed by the balance sheet date, except that the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against suitable future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period and that are expected to apply to the reversal of the timing difference.
Current and deferred tax assets and liabilities are not discounted.
Investments
Fixed asset investment in the subsidiary undertaking is measured in the balance sheet at cost less any provision for impairment. Any impairment movements are included in the statement of income.
Cash and cash equivalents
Cash comprises cash at bank and in hand and includes deposits repayable on demand.
Financial instruments
Classification
Recognition and measurement
Juno Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020
Employee information |
Apart from the the director), the company had
Investment in subsidiary |
2020 |
2019 |
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Carrying amount |
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£ |
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Cost |
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At 1 April 2019 |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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Details of the subsidiary are as follows:
Name |
Registered office |
Nature of capital |
Percentage of voting rights held |
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2020 |
2019 |
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Belfry House
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Ordinary share capital |
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England |
The principal activity of Brendon Street Investments Limited, a company incorporated in England, is |
Creditors: amounts falling due within one year |
2020 |
2019 |
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Amounts owed to parent undertaking |
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Amounts owed to subsidiary undertaking |
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Juno Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020
Related party transactions |
Amounts owed to related parties
2020 |
Parent undertaking |
Subsidiary undertaking |
Total |
At start of year |
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At end of year |
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2019 |
Parent undertaking |
Subsidiary undertaking |
Total |
At start of year |
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- |
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Advanced during the year |
- |
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At end of year |
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Terms of loans from related parties
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
Ultimate controlling party |
The company's immediate and ultimate parent undertaking is
The ultimate controlling party is