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REGISTERED NUMBER:
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Audited Financial Statements |
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for the Year Ended 31 December 2018 |
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for |
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Just Now Limited |
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REGISTERED NUMBER:
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Audited Financial Statements |
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for the Year Ended 31 December 2018 |
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for |
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Just Now Limited |
Just Now Limited (Registered number: 09238928) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 2 |
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Just Now Limited (Registered number: 09238928) |
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Balance Sheet |
31 December 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Just Now Limited (Registered number: 09238928) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
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1. | STATUTORY INFORMATION |
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Just Now Limited is a
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company's registered number and registered office address are as below: |
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Registered number: | 09238928 |
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Registered office: | First Floor |
10 Philpot Lane |
London |
EC3M 8AA |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
The preparation of the financial statements requires management to make judgments, estimates and |
assumptions that might affect the amounts reported. These estimates and judgments are continually |
reviewed based on experience and other factors, including expectation of future events that are |
believed to be reasonable under the circumstances. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Investments in subsidiaries |
Investments in subsidiaries are accounted for at cost less impairment. |
Just Now Limited (Registered number: 09238928) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
A financial asset or a financial liability is recognised only when the company becomes a party to the |
contractual provisions of the instrument. |
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Basic financial instruments are initially recognised at the transaction price, unless the arrangement |
constitutes a financing transaction, where it is recognised at the present value of the future payments |
discounted at a market rate of interest for a similar debt instrument. |
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Debt instruments are subsequently measured at amortised cost. |
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Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of |
impairment at the end of each reporting date. If there is objective evidence of impairment, an |
impairment loss is recognised in profit or loss immediately. |
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For all equity instruments regardless of significance, and other financial assets that are individually |
significant, these are assessed individually for impairment. Other financial assets are either assessed |
individually or grouped on the basis of similar credit risk characteristics. |
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Any reversals of impairment are recognised in profit or loss immediately, to the extent that the |
reversal does not result in a carrying amount of the financial asset that exceeds what the carrying |
amount would have been had the impairment not previously been recognised. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
Just Now Limited (Registered number: 09238928) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Foreign currencies |
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 of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
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Going concern |
The directors have a reasonable expectation that the company has adequate resources to continue in |
operational existence for the foreseeable future, being at least 12 months from the date of the approval |
of these financial statements. The directors received signed confirmation from the entity's parent |
company that it will continue to support the entity. Accordingly, they continue to adopt the going |
concern basis in preparing the financial statements. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | AUDITORS' REMUNERATION |
2018 | 2017 |
£ | £ |
Fees payable to the Company's auditors for the audit of the
Company's financial statements |
3,800 |
1,500 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2018 |
and 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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At the year end, the company owns 100% of the issued ordinary share capital in Obag FL Inc, a |
company incorporated in the USA. |
Just Now Limited (Registered number: 09238928) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Directors' current accounts | - | 2,501,682 |
VAT |
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The above amounts receivable from the directors and group undertakings are interest free. |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Tax |
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Other creditors |
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Accruals |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose |
related party transactions with wholly owned subsidiaries within the group. |
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10. | ULTIMATE PARENT UNDERTAKING |
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The company's immediate and ultimate Parent undertaking is Out In SPA, registered in Italy. Its |
registered address is via Galvani n.1 - Campodarsego, Padova, Italy. |
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The company is exempt from the obligation to prepare and deliver group accounts. Copies of the |
group accounts may be obtained from the secretary, via Galvani n. 1 – Campodarsego, Padova, Italy. |