| Juna Investments Limited |
| Accountants' Report |
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| Accountants' report to the directors of |
| Juna Investments Limited |
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| You consider that the company is exempt from an audit for the year ended 31 December 2015. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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| Morgans |
| Chartered Accountants |
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| 86 High Street |
| Carshalton |
| Surrey |
| SM5 3AE |
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| 26 June 2016 |
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| Juna Investments Limited |
| Notes to the Accounts |
| for the year ended 31 December 2015 |
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| 1 | Accounting policies |
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| Basis of preparation |
| The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Notwithstanding the net current liabilities of £1,404 (2014 - £1,309 net current liabilities) the accounts have been prepared on a going concern basis because the directors are of the opinion that the company has adequate working capital to cover its foreseeable requirements for the next twelve months. A letter of support has been issued from the company in which it holds an investment. |
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| Investments |
| Investments held as fixed assets are shown at cost less provision for impairment. |
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| Foreign currencies |
| Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
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| 2 | Fixed Asset Investments | Unlisted |
| | | | | | | | Investments |
| | | | | | | | £ |
| Cost |
| At 1 January 2015 | 153,000 |
| At 31 December 2015 | 153,000 |
| | | | | | | | |
| Amortisation |
| At 31 December 2015 | - |
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| Net book value |
| At 31 December 2015 | 153,000 |
| At 31 December 2014 | 153,000 |
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| The investment is in a company incorporated in Germany and is shown in the accounts at historic cost value. No provision for impairment has been made as any reduction in value of the investment is expected to reverse as the company reaches its full potential. |
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| 3 | Debtors | 2015 | | 2014 |
| £ | £ |
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| Amounts owed by group undertakings and undertakings in which the company has a participating interest | | 298 | | - |
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| 4 | Creditors: amounts falling due within one year | 2015 | | 2014 |
| £ | £ |
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| | | | | | 1,767 | | 1,581 |
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| Other creditors for 2015 comprise a loan advanced to the company by a director. Other creditors for 2014 comprised £1,216 and £365 in respect of two short loans from a company where JUNA Investments Limited holds a minority shareholding and that company's wholly owned subsidiary. All loans are unsecured, interest free and with no fixed terms of repayment. The purpose of the loans being to assist the company with working capital to meet its ongoing financial obligations. |
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| 5 | Share capital | Nominal | | 2015 | | 2015 | | 2014 |
| value | Number | £ | £ |
| Allotted, called up and fully paid: |
| Ordinary shares | £1 each | | 153,000 | | 153,000 | | 153,000 |
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| 6 | Profit and loss account | 2015 |
| £ |
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| At 1 January 2015 | (1,309) |
| Loss for the year | (95) |
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| At 31 December 2015 | (1,404) |
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