Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-314212024-04-01falsetruetruefalse421truefalse 10641710 2024-04-01 2025-03-31 10641710 2023-04-01 2024-03-31 10641710 2025-03-31 10641710 2024-03-31 10641710 2023-04-01 10641710 6 2024-04-01 2025-03-31 10641710 6 2023-04-01 2024-03-31 10641710 d:CompanySecretary1 2024-04-01 2025-03-31 10641710 d:Director1 2024-04-01 2025-03-31 10641710 d:Director2 2024-04-01 2025-03-31 10641710 d:Director3 2024-04-01 2025-03-31 10641710 d:Director5 2024-04-01 2025-03-31 10641710 d:Director6 2024-04-01 2025-03-31 10641710 d:Director7 2024-04-01 2025-03-31 10641710 d:Director7 2025-03-31 10641710 d:RegisteredOffice 2024-04-01 2025-03-31 10641710 d:Agent1 2024-04-01 2025-03-31 10641710 e:PlantMachinery 2024-04-01 2025-03-31 10641710 e:PlantMachinery 2025-03-31 10641710 e:PlantMachinery 2024-03-31 10641710 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10641710 e:MotorVehicles 2024-04-01 2025-03-31 10641710 e:MotorVehicles 2025-03-31 10641710 e:MotorVehicles 2024-03-31 10641710 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10641710 e:ComputerEquipment 2024-04-01 2025-03-31 10641710 e:ComputerEquipment 2025-03-31 10641710 e:ComputerEquipment 2024-03-31 10641710 e:ComputerEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10641710 e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10641710 e:CurrentFinancialInstruments 2025-03-31 10641710 e:CurrentFinancialInstruments 2024-03-31 10641710 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 10641710 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 10641710 e:ReportableOperatingSegment1 2024-04-01 2025-03-31 10641710 e:ReportableOperatingSegment1 2023-04-01 2024-03-31 10641710 e:ReportableOperatingSegment2 2024-04-01 2025-03-31 10641710 e:ReportableOperatingSegment2 2023-04-01 2024-03-31 10641710 e:ReportableOperatingSegment5 2024-04-01 2025-03-31 10641710 e:ReportableOperatingSegment5 2023-04-01 2024-03-31 10641710 e:ShareCapital 2025-03-31 10641710 e:ShareCapital 2024-03-31 10641710 e:ShareCapital 2023-04-01 10641710 e:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 10641710 e:RetainedEarningsAccumulatedLosses 2025-03-31 10641710 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 10641710 e:RetainedEarningsAccumulatedLosses 2024-03-31 10641710 e:RetainedEarningsAccumulatedLosses 2023-04-01 10641710 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-03-31 10641710 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 10641710 e:FinancialLiabilitiesFairValueThroughProfitOrLoss e:ListedExchangeTraded 2025-03-31 10641710 e:FinancialLiabilitiesFairValueThroughProfitOrLoss e:ListedExchangeTraded 2024-03-31 10641710 e:AcceleratedTaxDepreciationDeferredTax 2025-03-31 10641710 e:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10641710 d:OrdinaryShareClass1 2024-04-01 2025-03-31 10641710 d:OrdinaryShareClass1 2025-03-31 10641710 d:OrdinaryShareClass1 2024-03-31 10641710 d:OrdinaryShareClass2 2024-04-01 2025-03-31 10641710 d:OrdinaryShareClass2 2025-03-31 10641710 d:OrdinaryShareClass2 2024-03-31 10641710 d:FRS102 2024-04-01 2025-03-31 10641710 d:Audited 2024-04-01 2025-03-31 10641710 d:FullAccounts 2024-04-01 2025-03-31 10641710 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10641710 e:Subsidiary1 2024-04-01 2025-03-31 10641710 e:Subsidiary1 1 2024-04-01 2025-03-31 10641710 e:Subsidiary2 2024-04-01 2025-03-31 10641710 e:Subsidiary2 1 2024-04-01 2025-03-31 10641710 e:WithinOneYear 2025-03-31 10641710 e:WithinOneYear 2024-03-31 10641710 e:BetweenOneFiveYears 2025-03-31 10641710 e:BetweenOneFiveYears 2024-03-31 10641710 2 2024-04-01 2025-03-31 10641710 6 2024-04-01 2025-03-31 10641710 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10641710









JUNIPER VENTURES LIMITED









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
JUNIPER VENTURES LIMITED
 
 
COMPANY INFORMATION


Directors
D Gibbs 
M C Hales 
P J Terry 
S Giles 
J M M Gasson-Mulcahy 
J-M Orieux (appointed 1 July 2024)




Company secretary
C Foster



Registered number
10641710



Registered office
The Old Town Hall
29 Broadway

London

England

E15 4BQ




Independent auditors
Haslers
Chartered Accountants & Statutory Auditor

Old Station Road

Loughton

Essex

IG10 4PL




Bankers
Lloyds Bank Plc
3rd Floor

25 Gresham Street

London

EC2V 7HN





 
JUNIPER VENTURES LIMITED
 

CONTENTS



Page
Strategic Report
1 - 4
Directors' Report
5 - 7
Directors' Responsibilities Statement
8
Independent Auditors' Report
9 - 12
Statement of Comprehensive Income
13
Balance Sheet
14
Statement of Changes in Equity
15
Notes to the Financial Statements
16 - 29


 
JUNIPER VENTURES LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025

Introduction
 
Juniper Ventures Limited (the Company) is a Teckal compliant business wholly owned by the Mayor and Burgesses of the London Borough of Newham.  This company provides, as does its subsidiary Juniper Pursuits Limited, professional catering, cleaning and Health & Safety advisory services (primarily in education settings).  A new subsidiary company, the National Alliance of School Premises Management (NASPM) has started trading, providing school premises management support and advisory services.
The Company trades as Juniper Ventures Limited and its seventh year of operation has seen both notable successes as well as new and continuing operational challenges which have been tackled by the Board supported by a strong, experienced and committed Management Team.
Business review:
Since its launch in April 2018, the purpose and aim for Juniper Ventures Limited, and its subsidiary Juniper Pursuits Limited, has been to provide the very highest quality catering and cleaning services.  Following the global and financial challenges of the past 12 months and in the knowledge of those approaching, the Juniper team continue to look at increasing the size of its portfolio as well as a focus on nurturing existing clients.
The relationship with our Shareholder has continued to be one of strength and project co-productions ensuring the benefits of Juniper are felt across the local community and that the Council’s values and policies are supported.  The outcomes of the pandemic and the ongoing cost of living crisis clearly illustrate the importance of providing free hot, healthy and nutritious school meals each day to local families.
Juniper is the largest remaining local authority owned caterer in London and Newham has more employees working for Juniper within school catering receiving Local Government Terms and Conditions than any other London Borough.  Newham’s primary school meals service continues to be highlighted by academies and other high-profile organisations campaigning around school meals, as the front-running example of a high impact primary school meals “ecosystem.”
There was  an addition to the board, with the appointment of a further independent Non-Executive Director who has a wealth of experience in successful business growth projects within the high street hospitality sectors.  Since the year end, the board has been strengthened still further with the appointment of a Chief Financial Officer on 1 April 2025.
A Three-Year Vision and Business Plan has been developed and presented to the Shareholder.  With the significant  improvement in the company’s performance during 2023/24 and a better than budget performance  the over the past 12 months, there is now a clear focus on ensuring the business builds upon its existing formidable reputation of providing excellent services and through its marketing and diversification strategies continues to deliver important levels of community wealth across Newham.
The Business Plan is built on careful analysis and budgeting a realistic set of assumptions for inflation over the three-year period.  This includes the agreement with the Shareholder that the company will continue to invoice schools for the actual percentage meal uptake that has been used to calculate their Eat For Free grant – less an element for food costs.  This is a continuing positive step as it simplifies invoicing and ensures that a greater level of unused grant is returned to the Council.
The trends of growing profitability have been maintained this year, with the Juniper Group showing a combined pre tax profit of £81,498. However, for 2024/25 the board has made a decision , which has been accepted by the Shareholder, not to increase the KS1 meal price, thereby reducing the impact on school’s budgets and in turn the need for them  to subsidise the meals service further.  Due to this decision and the increases to employers’ NI this year, a deficit budget has been prepared for 2025/26 which has been accepted by the Shareholder.

Page 1

 
JUNIPER VENTURES LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025


 
The directors have discussed at length and included in the Business Plan several exciting business developments for the coming 12 months which each reflect the financial turnaround of the business.  A further sub-committee has also been formed, chaired by a Non-Executive Director, which has brought Operations Heads together to collaborate and develop growth opportunities for each strand of the business and also review overhead costs.
The Shareholder will continue to be appraised monthly on the Company’s performance as well as any pressing matters through the specific Management Information report along with a full set of KPIs which will be developed further by the new Chief Financial Officer to provide maximum insight into the business’s performance for consideration by the Board each month.
Whilst running within this challenging environment the business has still managed to achieve some of its strategic business objectives, particularly:
• Maintaining certification in three ISO standards, thereby helping the Company’s commercial edge and reassuring our stakeholders of our robust governance in ISO9001 – Quality Management, ISO14001 – Environmental Management and ISO45001 – Health & Safety Management.
• The business continued to build on its Health & Safety Management Advisory services with the growth of the experienced team to ensure the Company keeps the highest standards and to offer an important service to  clients.  The growth in these areas of the business has been very encouraging and will be built upon in 25/26 with the expanded team.
In addition to these achieved aims, the Company has also:
• Continued to engage with professional marketing partners to ensure that a new and revitalised marketing strategy is developed in all strands of the business;
• Won a five-year contract with the London Borough of Newham to deliver public building cleaning services; 
• As part of a growth in employee engagement, held Supervisory Focus Group Meetings during the year along with two well attended Employee Assemblies which included our regular “Meet the Board“ session.  We have also re-marketed our employee portal via the website to ensure everyone is offered the benefits open to them;
• Maintained our programme of training and development, including moving to a greater use of online sessions with over 11,500 CPD training hours completed by teams.
• Maintained an increased focus on the management of risk with the development and regular monitoring and review of the Operational and Strategic Risk Registers as well as reviewing and upgrading a suite of 48 policies and procedures further designed to manage the risks to which the Company is exposed.
Juniper continues to work in parallel with the Council and there is ingrained operational independence and shared ethos.  There is full transparency through regular management reporting to the Shareholder which has improved trust and partnership across working relationships.  There is a clear commitment and focus on providing value to the Council whilst minimising risk and being a good  corporate citizen, which prides itself on supporting local businesses and employees wherever practical. 

Page 2

 
JUNIPER VENTURES LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Principal risks and uncertainties
 
In the spirit of Juniper’s open and honest approach to business, excellent corporate governance has been achieved during 2024/25, for example with the number of sub-committees growing to five in number chaired by Non-Executive Directors, to focus on Risk and Governance, People and Pay, Health& Safety and Food Safety, Corporate Responsibility and Renumerations and Nominations.
The competitiveness of the market has continued to be challenging for Juniper.  All Juniper employees within the London Borough of Newham are paid, as a minimum, the London Living Wage (LLW) and have access to the Local Government Pension Scheme.  Following considerable lobbying by the business and other interested parties it was pleasing that the Eat for Free grant conditions were amended to include the necessity of LLW being paid throughout the life of any contract tendered.  Newham is an accredited LLW organisation and Juniper is too under that guise. 
The Eat For Free scheme is a Newham initiative providing funding for all Key Stage 2 pupils to receive a hot, healthy and nutritious meal each day.  The Government’s allowance for Universal Infant Free School Meals (UIFSM) was uplifted during 2025to £2.58 – only the fourth increase since its introduction in 2014 but  below the rate of inflation.  The UIFSM scheme is a Government-funded scheme to ensure all infant pupils across the whole of England receive a hot, healthy and nutritious meal each day.  The Board is fortunate to have a Chief Executive Officer who is a past chair of LACA (the industry’s trade body) and will be taking the National Chair again in September 2025.  This organisation has and continues to lobby Government for an ongoing inflationary review of this amount and contributed to a paper recommending the meal price be raised in line with inflation which would bring it today to £3.15 as a minimum.
The geo-political risk landscape is more challenging.  Whilst the ultimate outcomes of BREXIT continue to be unclear, the pandemic and the impacts of the invasion of Ukraine by Russia, were the focus across the industry and the country.  Whilst there was rocketing inflation in the supply chain last year this seems to have out levelled out with many commodities being less volatile - our ongoing good relations with suppliers have helped to mitigate any challenges whilst we continue to benchmark the supply chains and go out to the marketplace when there is opportunity identified.
The business continues to adopt the Three Lines of Defence model for risk management.  This is a recognised best-practice framework for managing risk and is also used by the Council. 

Financial key performance indicators
 
The Juniper Ventures Board of Directors have worked hard to ensure that during another challenging year the Juniper Group has achieved a profit overall. The company has performed significantly better than originally expected due to a number of factors such as for example, excellent financial monitoring, efficient cash management and an improving national financial climate. A pre-tax profit of £241,262 is reported for its seventh year of business. This when combined with the pre-tax losses from its subsidiary companies Juniper Pursuits Limited (£64,408) and NASPM (£95,356), amounts to a combined profit of £81,498.
It should be noted that:
• Local Authority owned businesses (Juniper is wholly owned by London Borough of Newham which is sole shareholder) cannot profit from the provision of school meals;
• other commercial companies are permitted to do so; and, 
• other strands of the business are able to be, profitable.
A raft of new KPIs have continued to be developed over the past twelve months and these, together with the flexible accounting and payroll systems in place, have allowed the Heads of Operations to monitor, report, challenge and act on the worst performing sites of operation.  This is in addition to the forensic analysis of all expenditure and movements in income each month.
 
Page 3

 
JUNIPER VENTURES LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025


Further benchmarking exercises and potential marketplace testing will, it is felt produce additional financial opportunities moving forward.

Other key performance indicators
 
Juniper recognises the importance of Social Value and continuously plans to provide such outcomes to local people, communities and economies where our contracts are based.  We have always collaborated with the Council to help deliver the Council’s priorities. Examples of some of the projects that have generated social value during 2024/25 were:
Community wealth
• 80% of Juniper’s workforce reside in Newham;
• Positive gender pay gap data is improving year on year;
• We use Newham Workplace for recruitment of our new employees;
• An apprenticeship programme is in place with appointments made and opportunities being offered across the whole workforce to aid personal development and bring benefit to the business;
• We always tender aggressively for Newham contracts to protect local people’s terms and conditions which are regularly eroded in practice by commercial operators; and,
• We use local suppliers whenever possible.
Towards a better Newham 
• Delivering hot healthy and nutritious school meals each day;
• Providing health and nutrition through a range of added values events in schools;
• Promoting home cookery through social media videos; and,
• Delivery of quality cleaning services using the latest technology and environmentally friendly cleaning materials to better safeguard the health and wellbeing of Newham residents.
Climate Now
• Use of Vegeware compostable packaging and rewarding schools who reduce food waste;
• Ever increasing use of plant-based foods on school food menus including the introduction of “Climate Friendly Mondays;”
• First London school caterer working with Forest Green Rovers (the world’s only Vegan Football team) to develop a range of plant-based, school food compliant dishes;
• Introduction of plant-based cleaning materials to reduce plastic waste and environmental impact of chemicals ending up in watercourses; and,
• Provision of an excellent catering facility at Dockside Diner that includes the provision of more plant-based dishes and all items approved by Public Health through their Healthier Snacks Approved List with all snacks offered lower in fat and sugar.


This report was approved by the board on 1 August 2025 and signed on its behalf.





................................................
M C Hales
Director

Page 4

 
JUNIPER VENTURES LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal activity

The principal activity of the company is to deliver catering and cleaning services to Schools, Colleges and Public Buildings, principally within the London Borough of Newham.

Directors

The directors who served during the year were:

D Gibbs 
M C Hales 
P J Terry 
S Giles 
J M M Gasson-Mulcahy 
J-M Orieux (appointed 1 July 2024)

Results and dividends

The profit for the year, after taxation, amounted to £230,751 (2024 - £2,087).

When combined with the pre tax losses of its subsidiary companies Juniper Pursuits Limited (£64,408) and National Alliance of School Premises Management Limited (£95,356), a pre-tax profit of £241,262 is reported for Juniper Ventures Limited's seventh year of business. This amounts to a combined pre tax profit of £81,498 (2024 – loss of £37,412).
The Board do not propose a dividend for the year.

Future developments

There are also opportunities for growth and further diversification as detailed in the Business Plan presented to the Shareholder in March 2025 and the Board believes that Juniper Ventures will continue its journey to sustainability as illustrated in the Business Plan.  This is underpinned by the working relationship between the Company and Newham Council enabling the vital work conducted each day for the benefit of the local community and the social wealth the business generates.
During 2024/25 with the continued appointment of a marketing partner the Company continues to develop a strong marketing strategy with their support, experience, and knowledge.  This will strengthen already good levels of business retention during the spring of 2025.  This is coupled with a relaunched and improved website along with an increasing presence on the business’s social media channels and national recognition of our achievements.

Page 5

 
JUNIPER VENTURES LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Engagement with employees

The business workforce is recognised by the Board as its greatest asset and are known as #Juniperfamily and we do all we can to ensure they are well looked after, developed and rewarded.  With the Shareholder in 2022 achieving the London Living Wage Accreditation, this in turn ensured that Juniper itself is equally recognised for paying all staff and agency workers on assignment, a minimum of the London Living Wage which brings benefits of job retention and community wealth.
The staff are engaged regularly in many ways to ensure they are kept abreast of everything that is happening in the business.  We have an electronic newsletter - The Word – which is sent out fortnightly to everyone (with hard copies sent to home addresses for those who do not have access to the internet).  Additionally, we have a #teamJuniper group on Facebook where we communicate and all can interact on the work of others in a more informal way. 
There are focus groups for both catering and cleaning teams meeting regularly with management to discuss the service provided and for example, menu development.  The CEO or the COO will continue to attend these meetings too to provide strategic updates on the business and take any questions from colleagues.
A series of “Supervisory Workshops” chaired by the CEO and COO along with members of the senior management team was launched  last year allowing opportunities for all staff to have their ideas and concerns to be considered in any future decision making – some of which have already been adopted.  Further meetings have been planned for throughout the year on a regular basis.
Two “Employee Assemblies” have also been held which have been particularly well attended with one event including a further “Meet the Board of Directors” session which had some really positive feedback.  Further such events will occur on 25/26.
We also continue to develop and distribute a range of pulse surveys for staff in a move away from a larger more traditional staff survey each year and this was introduced in 2022/23 with the results being published and an action plan being formed.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

The ever-improving close working with the Shareholder to achieve betterment for the community is creating new opportunities for Juniper as it moves forward, helping the Council to fulfil its pledges on community wealth building and its "climate now" agenda.
The huge issues during 2023/24 of rising inflation seem to be stabilising and more recently in Q4 reducing.  However, food inflation in some key commodities remains high, with the impact on the cost of raw materials continuing to be a challenge.  We have in recent months benchmarked over 1500 lines and negotiated further pricing models with suppliers as well as a potential new supply chain to be introduced in June 2025.  This supports continued business recuperation, retention of existing business, expansion in our diversified areas culminating in a clear road to sustainability and greater resilience.

Page 6

 
JUNIPER VENTURES LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Auditors

Under section 487(2) of the Companies Act 2006Haslers will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

This report was approved by the board on 1 August 2025 and signed on its behalf.
 





................................................
M C Hales
Director

Page 7

 
JUNIPER VENTURES LIMITED
 
 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 8

 
JUNIPER VENTURES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JUNIPER VENTURES LIMITED
 

Opinion


We have audited the financial statements of Juniper Ventures Limited (the 'Company') for the year ended 31 March 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 March 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 9

 
JUNIPER VENTURES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JUNIPER VENTURES LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 8, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 10

 
JUNIPER VENTURES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JUNIPER VENTURES LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the legal and regulatory frameworks that are applicable to the entity we determined that the most significant are those that had a direct effect on the determination of material amounts and disclosures in the financial statements.
We obtained an understanding of how the entity are complying with those legal and regulatory frameworks by making enquiries of the management. We corroborated our enquiries through our review of documentation generated and assessing the extent of compliance with the relevant laws and regulations.
We discussed among the audit engagement team regarding the opportunities, including management override of controls, that may exist within the entity for fraud and where fraud might occur in the financial statements.
As a result of performing the above, we identified the greatest potential for material misstatements due to fraud are in the following areas, and our specific procedures performed to address these are described below:
The risk of management override of controls is the area where the financial statements were most susceptible to material misstatement due to fraud. In addition, the key principal risks related to potential weaknesses in the procurement system, control over banking and the existence of inappropriate journal entries to manipulate performance were also identified.
Procedures performed to address these were as follows:
• Identifying and assessing the effectiveness of controls management has in place to prevent and detect fraud, including known of suspected instances or non-compliance with laws and regulations and fraud.
• Understanding how the management considered and addressed the potential for override of controlsor other inappropriate influence over the financial reporting process.
• Using analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatements due to fraud.
• Assessing the appropriateness of accounting estimates and challenging any significant assumptions or judgements made by management.
• Incorporating testing of manual journal entires that were posted throughout the year. In particular we focused on material journal entrties, journal entries posted with unusual account combinations, journal entries crediting turnover or cash, and journal entries with specific defined descriptions. These were scrutinised for evidence of unusual entries.
• Evaluating the business rationale of any significant transactions that are unusual or outside of the normal course of business.
Page 11

 
JUNIPER VENTURES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JUNIPER VENTURES LIMITED (CONTINUED)




Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Thomas Rogers BA ACA (Senior Statutory Auditor)
for and on behalf of
Haslers
Chartered Accountants
Statutory Auditor
Old Station Road
Loughton
Essex
IG10 4PL

1 August 2025
Page 12

 
JUNIPER VENTURES LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025

2025
2024
Note
£
£

  

Turnover
 4 
15,132,355
13,892,041

Cost of sales
  
(13,115,378)
(12,322,652)

Gross profit
  
2,016,977
1,569,389

Administrative expenses
  
(3,160,884)
(2,844,526)

Other operating income
 5 
1,347,360
1,261,408

Operating profit/(loss)
 6 
203,453
(13,729)

Interest receivable and similar income
 10 
37,809
39,832

Interest payable and similar expenses
 11 
-
(24,016)

Profit before tax
  
241,262
2,087

Tax on profit
 12 
(10,511)
-

Profit for the financial year
  
230,751
2,087

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 16 to 29 form part of these financial statements.

Page 13

 
JUNIPER VENTURES LIMITED
REGISTERED NUMBER: 10641710

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 13 
42,045
52,720

Investments
 14 
2
2

  
42,047
52,722

Current assets
  

Stocks
 15 
129,069
112,201

Debtors: amounts falling due within one year
 16 
2,929,773
2,577,845

Cash at bank and in hand
 17 
1,163,229
1,167,260

  
4,222,071
3,857,306

Creditors: amounts falling due within one year
 18 
(1,552,121)
(1,439,293)

Net current assets
  
 
 
2,669,950
 
 
2,418,013

Total assets less current liabilities
  
2,711,997
2,470,735

Provisions for liabilities
  

Deferred tax
  
(10,511)
-

  
 
 
(10,511)
 
 
-

Net assets
  
2,701,486
2,470,735


Capital and reserves
  

Called up share capital 
 21 
4,050,001
4,050,001

Profit and loss account
 22 
(1,348,515)
(1,579,266)

  
2,701,486
2,470,735


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2025.




................................................
M C Hales
Director

The notes on pages 16 to 29 form part of these financial statements.

Page 14
 

 
JUNIPER VENTURES LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 April 2023
4,050,001
(1,581,353)
2,468,648



Comprehensive income for the year


Profit for the year
-
2,087
2,087





At 1 April 2024
4,050,001
(1,579,266)
2,470,735



Comprehensive income for the year


Profit for the year
-
230,751
230,751



At 31 March 2025
4,050,001
(1,348,515)
2,701,486



Page 15
 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Juniper Ventures Limited is a private company, limited by shares, domiciled in England and Wales, registration number 10641710. The registered office is The Old Town Hall, 29 Broadway, London, England, E15 4BQ. The principal activity of the company is to deliver catering and cleaning services to Schools, Colleges and Public Buildings, principally within the London Borough of Newham.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The Company's financial statements are rounded to the nearest Pound.
The Company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of the London Borough of Newham as at 31st March 2025 and these financial statements may be obtained from their registered office.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.4

Going concern

The company made a profit of £230,751 (2024: £2,087) and the net asset position as at 31 March 2025 is £2,701,486 (2024 - £2,470,735). The company receives financial support from the parent company and the directors have received confirmation of extension. Based on this, the accounts have been prepared on the going concern basis and do not take into account any adjustments which would be necessary if the going concern basis were not appropriate.

Page 16

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 17

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and 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 current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all 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 the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


  
2.11

Pensions

Multi-employer pension plan
The company is a member of a multi-employer plan. The liability and associated expenses of the pension scheme fund have been fully guaranteed by London Borough of Newham, and therefore for the purposes of these accounts, the actual contributions made during the period have been included within the accounts and the pension scheme has been treated as a defined contribution pension scheme. This has been disclosed with the pension commitment note to the accounts.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 18

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.12
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
20%
straight line
Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 19

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.19

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
 
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting date. 
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
 
Page 20

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.19
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The director's judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.
Details of the company's significant accounting judgements and critical accounting estimates include:
Management charge
The Directors have exercised their judgement in relation to the calculation of the management charge between this company and its subsidiaries. This company bears all of the administrative expenses for both companies and recharges this expenditure on a percentage basis.
Impairment of trade debtors
The recoverability has been assessed at the period end and up until the date of signing these financial statements. Management have based the decision to provide for any amounts based on their judgement of all the available information and their expectation of the specific nature of the trade debtor in question.

Page 21

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Cleaning income
6,497,228
5,784,980

Catering income
8,635,073
8,106,997

Other income
54
64

15,132,355
13,892,041


All turnover arose within the United Kingdom.


5.


Other operating income

2025
2024
£
£

Management charges
1,347,360
1,261,408



6.


Operating profit/(loss)

The operating profit/(loss) is stated after charging:

2025
2024
£
£

Auditor remuneration
16,500
15,860

Other operating lease rentals
14,408
52,700


7.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2025
2024
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
16,500
15,860

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

Page 22

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Employees

Staff costs, including directors' remuneration, were as follows:


2025
2024
£
£

Wages and salaries
9,457,448
8,631,505

Social security costs
571,650
524,471

Pension costs
1,767,528
1,653,137

11,796,626
10,809,113


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Employees
421
421


9.


Directors' remuneration

2025
2024
£
£

Directors' emoluments
224,529
193,751

Company contributions to defined contribution pension schemes
52,472
47,275

277,001
241,026


During the year retirement benefits were accruing to 2 directors (2024 - 2) in respect of defined benefit pension schemes.

The highest paid director received remuneration of £121,231 (2024 - £109,935).

The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £29,580 (2024 - £26,824).


10.


Interest receivable

2025
2024
£
£


Other interest receivable
37,809
39,832

Page 23

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11.


Interest payable and similar expenses

2025
2024
£
£


Other loan interest payable
-
24,016


12.


Taxation


2025
2024
£
£



Deferred tax


Origination and reversal of timing differences
10,511
-


Factors affecting tax charge for the year

The tax assessed for the year is the same as (2024 - the same as) the standard rate of corporation tax in the UK of 25% (2024 - 25%) as set out below:

2025
2024
£
£


Profit on ordinary activities before tax
241,262
2,087


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
60,316
522

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
125
-

Capital allowances for year in excess of depreciation
2,669
-

Utilisation of tax losses
(68,558)
(522)

Increase or decrease in pension fund prepayment leading to an increase (decrease) in tax
5,448
-

Deferred tax
10,511
-

Total tax charge for the year
10,511
-


Factors that may affect future tax charges

There are tax losses that can be offset against future profits.

Page 24

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

13.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost 


At 1 April 2024
80,542
10,743
9,066
100,351


Additions
5,226
-
-
5,226



At 31 March 2025

85,768
10,743
9,066
105,577



Depreciation


At 1 April 2024
31,582
10,743
5,306
47,631


Charge for the year on owned assets
14,577
-
1,324
15,901



At 31 March 2025

46,159
10,743
6,630
63,532



Net book value



At 31 March 2025
39,609
-
2,436
42,045



At 31 March 2024
48,960
-
3,760
52,720


14.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2024
2



At 31 March 2025
2




Page 25

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Juniper Pursuits Limited
The Old Town Hall, 29 Broadway, Stratford, London, E15 4BQ
Ordinary
100%
National Alliance of School Premises Management Limited
The Old Town Hall, 29 Broadway, Stratford, London, E15 4BQ
Ordinary
100%


15.


Stocks

2025
2024
£
£

Cleaning materials and food
129,069
112,201



16.


Debtors

2025
2024
£
£


Trade debtors
1,326,571
1,272,104

Amounts owed by group undertakings
1,285,972
1,199,536

Other debtors
9,528
2,354

Prepayments and accrued income
307,702
103,851

2,929,773
2,577,845



17.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
1,163,229
1,167,260


Page 26

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

18.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
339,487
366,406

Other taxation and social security
695,989
659,043

Other creditors
193,330
172,035

Accruals and deferred income
323,315
241,809

1,552,121
1,439,293


There is continuing security for the payment and discharge of secured liabilities by a fixed charge over property, plant and equipment, share capital and stock. There is also a floating charge over any current or future assets the business owns which is not covered by the fixed charge. Security has also been provided by fellow subsidiary companies included within the Group.


19.


Financial instruments

2025
2024
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,163,229
1,167,260

Financial assets that are debt instruments measured at amortised cost
2,637,436
2,483,956


Financial liabilities


Financial liabilities measured at amortised cost
(871,497)
(790,212)


Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


Financial assets that are debt instruments measured at amortised cost comparise trade debtors, amounts owed by group undertakings and other debtors.


Financial liabilities measured at amortised cost comprise trade creditors, other creditors and accruals.

Page 27

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

20.


Deferred taxation




2025


£






Charged to profit or loss
(10,511)



At end of year
(10,511)

The deferred taxation balance is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(10,511)
-


21.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



1 (2024 - 1) Ordinary share of £1.00
1
1
4,050,000 (2024 - 4,050,000) Preference shares of £1.00 each
4,050,000
4,050,000

4,050,001

4,050,001



22.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

Page 28

 
JUNIPER VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

23.


Pension commitments

The company is a member of a multiple employer defined benefit pension scheme administered by the London Borough of Newham Council (LBN). LBN is the administering authority of the London Borough of Newham Pension Fund which provides a defined benefit scheme under the Local Government Pension Scheme for employees of Juniper Ventures Limited. 
The Local Government Pension Scheme is a defined benefit statutory scheme administered in accordance with the Local Government Pension Scheme Regulations 2013 and it provides benefits based on career average revalued earnings. There are no minimum funding requirements in the Local Government Pension Scheme but contributions are generally set to target a funding level of 100% using the actuarial assumptions.
The most recent actuarial valuation has been obtained as at the year end and the following has been noted: 
As at 31 March 2025 the total present value of the defined benefit obligation was £23,830,00 (2024 - £25,151,000), whilst assets were £26,454,000 (2024 - £24,033,000) leaving a surplus of £2,624,000 (2024 - Deficit £1,118,000). However, LBN has stated in the absence of a bond (which this company does not have), it will and has issued a guarantee in respect of the premature termination of the provision of service or assets by reason of insolvency, winding up or liquidation of the company. 
The above has the effect of the pension fund being fully funded for the company and therefore there is no recognition in these accounts of a pension fund net defined benefit liability. Therefore the treatment of the pension fund has been accounted for as if it were a defined contribution scheme. The contributions made during the year were £1,767,528 (2024 - £1,653,137).


24.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
27,871
14,408

Later than 1 year and not later than 5 years
41,385
-

69,256
14,408


25.


Related party transactions

The Company has taken advantage of the exemption from the requirement to disclose transactions with wholly owned group companies.


26.


Controlling party

The controlling party is Mayor And Burgesses Of The London Borough Of Newham by virtue of 100% shareholding in Juniper Ventures Limited. 

 
Page 29