Juno (The Cosmopolitan) Ltd - Accounts to registrar (filleted) - small 23.1.2

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

JUNO (THE COSMOPOLITAN) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J S Dean

E M Hill

REGISTERED OFFICE:

5th Floor

Waverley House

115 - 119 Holdenhurst Road

Bournemouth

Dorset

BH8 8DY

REGISTERED NUMBER:

11890452 (England and Wales)

CURRENT ASSETS

Stocks

-

12,401,812

Debtors

4

1,235,618

15,716

Cash at bank

-

2,426

1,235,618

12,419,954

CREDITORS

Amounts falling due within one year

5

1,193,392

12,290,926

NET CURRENT ASSETS

42,226

129,028

TOTAL ASSETS LESS CURRENT LIABILITIES

42,226

129,028

CREDITORS

Amounts falling due after more than one year

6

40,958

38,081

NET ASSETS

1,268

90,947

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

1,266

90,945

SHAREHOLDERS' FUNDS

1,268

90,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2023 and were signed on its behalf by:

J S Dean - Director

1.	STATUTORY INFORMATION

Juno (The Cosmopolitan) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,500

-

Amounts owed by related undertakings

1,123,373

-

Amounts owed by associated undertakings

103,194

-

Other debtors

7,551

15,716

1,235,618

15,716

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

8,727

9,248,791

Trade creditors

26,888

600,719

Amounts owed to related undertakings

244,999

728,409

Amounts owed to associated undertakings

519,999

1,613,686

Taxation and social security

301,730

21,333

Other creditors

91,049

77,988

1,193,392

12,290,926

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

40,958

38,081

7.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

-

9,236,872

Loans are secured against property and land held within stock.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

Ordinary

£1

2

2