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Registration number: 07659145

Juno Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Juno Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Juno Investments Limited

Company Information

Director

N W Wray

Registered office

Belfry House
Champions Way
Hendon
London
NW4 1PX

 

Juno Investments Limited

(Registration number: 07659145)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment in subsidiary

4

21,860,148

22,776,488

Current assets

 

Cash at bank and in hand

 

1,000

1,000

Creditors: Amounts falling due within one year

5

(26,799,750)

(26,799,750)

Net current liabilities

 

(26,798,750)

(26,798,750)

Net liabilities

 

(4,938,602)

(4,022,262)

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

(4,939,602)

(4,023,262)

Shareholder's deficit

 

(4,938,602)

(4,022,262)

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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 comprehensive income and the director's 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 director on 28 March 2025
 

.........................................

N W Wray

Director

 

Juno Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England. The registered office address is shown on page 1.

2

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 financial statements have been prepared on a going concern basis. The company is dependent on the continuing support of its parent undertaking and of a group undertaking to meet its liabilities. The parent undertaking and the group undertaking have confirmed they will provide financial support to enable the company to meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements are approved.

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

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 director to exercise judgement in applying the accounting policies.

In preparing these financial statements, the director has 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.

There were no other significant judgements or areas of estimation uncertainty.

 

Juno Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

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.

Investment in subsidiary

Investment in the subsidiary is measured in the balance sheet at cost less any provision for impairment. Any impairment movements are included in the statement of comprehensive income.

An entity is treated as a subsidiary where the company has the power to govern the financial and operating policies of the investee entity so as to obtain benefits from its activities.

Cash at bank and in hand

This comprises cash in hand.

Financial instruments

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.

 The company's other creditors are measured initially at transaction price, and subsequently at amortised cost using the effective interest method.

3

Employees and director information

The company had no employees (2023 - none) and 1 director (2023 - 1) during the year. The director did not receive any remuneration from the company in the year (2023 - £nil).

4

Investment in subsidiary

2024
£

2023
£

Carrying amount

21,860,148

22,776,488

 

Juno Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Investment in subsidiary (continued)

£

Cost

At 1 April 2023

26,799,000

At 31 March 2024

26,799,000

Impairment

At 1 April 2023

4,022,512

Impairment in the year

916,340

At 31 March 2024

4,938,852

Carrying amount

At 31 March 2024

21,860,148

At 31 March 2023

22,776,488

Details of subsidiary are as follows:

Name

Registered office

Holding

Percentage of shares and voting rights held

     

2024

2023

Brendon Street Investments Limited

Belfry House
Champions Way
Hendon
London
NW4 1PX

Ordinary share capital

100%

100%

 

England

     

The principal activity of Brendon Street Investments Limited, a company incorporated in England, is provision of consultancy services and management of investments.

5

Creditors: amounts falling due within one year

2024
£

2023
£

Amounts owed to parent undertaking

26,799,000

26,799,000

Amounts owed to subsidiary undertaking

750

750

26,799,750

26,799,750

 

Juno Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Related party transactions

The company has taken advantage of exemption available in FRS 102 Section 1A not to disclose any transactions with its parent company and wholly owned subsidiaries other than those disclosed elsewhere in the notes.

7

Ultimate controlling party

As at 31 March 2024, the company's immediate and ultimate parent company was Eurobeck Limited, a company incorporated in Cyprus and resident in United Kingdom and the ultimate controlling party was N W Wray. No publicly available consolidated financial statements are prepared that incorporate the results of the company.

At the date of approval of these financial statements, the ultimate parent company is now Argent Finance Limited, a company incorporated and resident in Jersey. The ultimate controlling party is RBC Trustees (Jersey) Limited, as trustee of The Edna Wray Grandchildren's Accumulation and Maintenance Trust.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000