Open_Junction_Networks_Li - Accounts

OPEN JUNCTION NETWORKS LIMITED - Company Information

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Open Junction Networks Limited formerly Open Junction Limited

Unaudited Abbreviated Accounts

For the Year ended 30 June 2015

Company Registration No. 08098773 (England and Wales)

Open Junction Networks Limited formerly Open Junction Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

Open Junction Networks Limited formerly Open Junction Limited

Abbreviated Balance Sheet

As at 30 June 2015

Page 1

2015

2014

Notes

Fixed assets

Investments

Current assets

Debtors

104,895

57,686

Cash at bank and in hand

4,677

256

109,572

57,942

Creditors: amounts falling due within one year

(109,095)

(57,135)

Net current assets

477

807

Total assets less current liabilities

478

808

Capital and reserves

Called up share capital

100

Profit and loss account

378

708

Shareholders' funds

478

808

For the financial year ended 30 June 2015 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 March 2016

Ms H Millard

Director

Company Registration No. 08098773

Open Junction Networks Limited formerly Open Junction Limited

Notes to the Abbreviated Accounts

For the year ended 30 June 2015

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for healthcare consultancy services provided net of VAT.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 July 2014 & at 30 June 2015

At 30 June 2014

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

GP Provider Network Limited

England & Wales

Ordinary

100.00

Open Junction Networks Limited formerly Open Junction Limited

Notes to the Abbreviated Accounts (Continued)

For the year ended 30 June 2015

Fixed assets

(Continued)

Page 3

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

GP Provider Network Limited

Dormant

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Related party relationships and transactions

Loans to directors

Included within other debtors is an amount of £31,534 (2014: £25,936) due from Mr N Grinstead and £6,379 (2014: £2,596) due from Ms H Millard, the directors. Interest has been charged at a rate of 4% on the overdrawn loan accounts. Advances of £121,709 (2014: £93,086) and £110,140 (2014: £112,390) and repayments of £118,196 (2014: £94,040) and £105,335 (2014: £84,000) were made by Ms H Millard and Mr N Grinstead respectively.