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Company No: 15269498 (England and Wales)

JUNO HARBOURWOOD (BROWNING) LIMITED
(Formerly Juno Bay Limited)

Unaudited Financial Statements
For the financial period from 08 November 2023 to 30 November 2024
Pages for filing with the registrar

JUNO HARBOURWOOD (BROWNING) LIMITED

Unaudited Financial Statements

For the financial period from 08 November 2023 to 30 November 2024

Contents

JUNO HARBOURWOOD (BROWNING) LIMITED

BALANCE SHEET

As at 30 November 2024
JUNO HARBOURWOOD (BROWNING) LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 30.11.2024
£
Fixed assets
Tangible assets 3 639
639
Current assets
Stocks 4 4,044,547
Debtors 5 384,426
Cash at bank and in hand 89,563
4,518,536
Creditors: amounts falling due within one year 6 ( 73,912)
Net current assets 4,444,624
Total assets less current liabilities 4,445,263
Creditors: amounts falling due after more than one year 7 ( 4,448,372)
Net liabilities ( 3,109)
Capital and reserves
Called-up share capital 8 100
Profit and loss account ( 3,209 )
Total shareholders' deficit ( 3,109)

For the financial period ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Juno Harbourwood (Browning) Limited (registered number: 15269498) were approved and authorised for issue by the Board of Directors on 08 August 2025. They were signed on its behalf by:

Steven Courtney
Director
JUNO HARBOURWOOD (BROWNING) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 November 2023 to 30 November 2024
JUNO HARBOURWOOD (BROWNING) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 November 2023 to 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Juno Harbourwood (Browning) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 15 Haglane Copse, Pennington, Lymington, SO41 8DT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length has been extended to 13 months ending 30th November 2024

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
08.11.2023 to
30.11.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 3

3. Tangible assets

Computer equipment Total
£ £
Cost
At 08 November 2023 0 0
Additions 651 651
At 30 November 2024 651 651
Accumulated depreciation
At 08 November 2023 0 0
Charge for the financial period 12 12
At 30 November 2024 12 12
Net book value
At 30 November 2024 639 639

4. Stocks

30.11.2024
£
Stocks (secured) 3,837,000
Work in progress 207,547
4,044,547

As at the balance sheet date £3,837,000 of stock was pledged as security for liabilities owed of £2,611,372.

5. Debtors

30.11.2024
£
Amounts owed by Group undertakings 86,928
Prepayments 265,388
VAT recoverable 29,894
Other debtors 2,216
384,426

6. Creditors: amounts falling due within one year

30.11.2024
£
Trade creditors 65,094
Amounts owed to Group undertakings 34
CIS withheld 1,989
Other creditors 6,795
73,912

7. Creditors: amounts falling due after more than one year

30.11.2024
£
Bank loans (secured) 2,611,372
Amounts owed to Group undertakings 1,837,000
4,448,372

Bank loans are secured by fixed and floating charge on stock

8. Called-up share capital

30.11.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

9. Related party transactions

Other related party transactions

30.11.2024
£
Amounts owed by group companies 86,928

10. Ultimate controlling party

Parent Company:

Juno Developments Holdings Ltd
8 Trinity, 161 Old Christchurch Road, Bournemouth, England, BH1 1JU