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REGISTERED NUMBER: 11254419 (England and Wales)














Financial Statements for the Year Ended 31 March 2023

for

Jordan Corporation Limited

Jordan Corporation Limited (Registered number: 11254419)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jordan Corporation Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr G Jordan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11254419 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Jordan Corporation Limited (Registered number: 11254419)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,050,000 1,026,000

CURRENT ASSETS
Debtors 5 450,367 442,043
Cash at bank 5 6
450,372 442,049
CREDITORS
Amounts falling due within one year 6 28,017 20,468
NET CURRENT ASSETS 422,355 421,581
TOTAL ASSETS LESS CURRENT LIABILITIES 1,472,355 1,447,581

CREDITORS
Amounts falling due after more than one
year

7

(669,614

)

(670,864

)

PROVISIONS FOR LIABILITIES (108,775 ) (108,775 )
NET ASSETS 693,966 667,942

RESERVES
Fair value reserve 8 572,500 572,500
Retained earnings 121,466 95,442
693,966 667,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Jordan Corporation Limited (Registered number: 11254419)

Statement of Financial Position - continued
31 March 2023


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 director and authorised for issue on 1 December 2023 and were signed by:





Mr G Jordan - Director


Jordan Corporation Limited (Registered number: 11254419)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Jordan Corporation 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.

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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,026,000
Revaluations 24,000
At 31 March 2023 1,050,000
NET BOOK VALUE
At 31 March 2023 1,050,000
At 31 March 2022 1,026,000

Jordan Corporation Limited (Registered number: 11254419)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2019 747,500
Valuation in 2020 87,500
Valuation in 2021 46,000
Valuation in 2022 145,000
Valuation in 2023 24,000
1,050,000

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by associates 450,367 442,043

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 1,250 1,250
Taxation and social security 3,915 3,245
Other creditors 22,852 15,973
28,017 20,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 669,614 670,864

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 666,906 666,906

Repayable by instalments
Bank loans more 5 yr by instal 208 208

8. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 572,500

Jordan Corporation Limited (Registered number: 11254419)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES

The director Mr. G Jordan is considered to be key management personnel.