Juro Online Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09684844 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

JURO ONLINE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Kovalevich

R I Mabey

REGISTERED OFFICE:

1 Edge Street

London

W8 7PN

REGISTERED NUMBER:

09684844 (England and Wales)

ACCOUNTANTS:

Horizon Accounts Limited

Stapleton House

Block A, 2nd Floor

110 Clifton Street

London

EC2A 4HT

FIXED ASSETS

Intangible assets

5

165

220

CURRENT ASSETS

Debtors

6

783

92

Cash at bank

256,158

1,189

256,941

1,281

CREDITORS

Amounts falling due within one year

7

125,575

-

NET CURRENT ASSETS

131,366

1,281

TOTAL ASSETS LESS CURRENT LIABILITIES

131,531

1,501

CREDITORS

Amounts falling due after more than one year

8

58,110

13,000

NET ASSETS/(LIABILITIES)

73,421

(11,499

)

CAPITAL AND RESERVES

Called up share capital

11

10

Share premium

145,999

-

Retained earnings

(72,589

)

(11,509

)

SHAREHOLDERS' FUNDS

73,421

(11,499

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 July 2017 and were signed on its behalf by:

R I Mabey - Director

1.	STATUTORY INFORMATION

Juro Online Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

There are no significant judgements or estimates applied to the numbers contained within these financial

statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of four years.

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 that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Going concern

The financial statements have been prepared on the going concern basis. The company incurred losses during the

year. However, the directors have a reasonable expectation that cash balances at hand together with additional

share capital raised after the financial year end should allow the company to have sufficient resources available

to meet its future liabilities, as and when, they become due. The directors are therefore of the opinion that they

should continue to adopt the going concern basis of accounting in preparing the annual financial statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2015 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Trademark

£

COST

At 1 January 2016

and 31 December 2016

220

AMORTISATION

Amortisation for year

55

At 31 December 2016

55

NET BOOK VALUE

At 31 December 2016

165

At 31 December 2015

220

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

783

92

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Taxation and social security

3,183

-

Other creditors

122,392

-

125,575

-

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

58,110

13,000

9.	RELATED PARTY DISCLOSURES

During the year, the company repaid an amount of £3,000 to a director as a part repayment of an amount

previously loaned to the company of £13,000. At the balance sheet date, the total amount owed to a director was

£10,000. The loan bears interest only on agreement between both parties and is repayable on demand.

10.	POST BALANCE SHEET EVENTS

On 9 January 2017, the company issued 75,000 Ordinary £0.00001 shares for a total consideration of £150,000.

On 10 January 2017, the company issued 54,054 and 27,027 Ordinary £0.00001 shares for total considerations

of £20,951 and £41,902 respectively. On the same date, the company also issued 125,000 Series Seed £0.00001

shares for a total consideration of £250,000.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, R I Mabey by virtue of his shareholding in the company.

12.	FIRST YEAR ADOPTION OF FRS 102

This is the first year that the company has presented its results and financial position in accordance with FRS

102. The last financial statements under UK GAAP were for the year ended 31 December 2015. The date that the

company transitioned to FRS 102 was 14 July 2015.

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit or loss.