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REGISTERED NUMBER: 10023291 (England and Wales)















Jorik Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Jorik Limited (Registered number: 10023291)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jorik Limited

Company Information
for the year ended 29 February 2024







Directors: R M Taylor
P G Taylor
K E Taylor
J W Taylor
B A Taylor





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 10023291 (England and Wales)






Jorik Limited (Registered number: 10023291)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment property 4 10,474,380 8,576,500

Current assets
Debtors 5 5,612 59,809
Cash at bank 1,901,740 1,494,785
1,907,352 1,554,594
Creditors
Amounts falling due within one year 6 11,479,183 9,459,410
Net current liabilities (9,571,831 ) (7,904,816 )
Total assets less current liabilities 902,549 671,684

Capital and reserves
Called up share capital 200 200
Retained earnings 7 902,349 671,484
Shareholders' funds 902,549 671,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 28 August 2024 and were signed on its behalf by:





P G Taylor - Director


Jorik Limited (Registered number: 10023291)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

Jorik 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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

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

Investment property
The directors consider the value of the Investment property at the balance sheet date to be the fair value. 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 balance sheet date.

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.

Provisions
Provisions are recognised when there is a present obligation (legal or constructive) as a result of a past event, it is probably that the obligation will be required to be settled, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting taking into account the risks and uncertainties surrounding the obligation. Provisions are discounted when the time value of money is material.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Jorik Limited (Registered number: 10023291)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


4. Investment property
Total
£
Fair value
At 1 March 2023 8,576,500
Additions 1,897,880
At 29 February 2024 10,474,380
Net book value
At 29 February 2024 10,474,380
At 28 February 2023 8,576,500

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 5,612 59,809

6. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 75,765 50,685
Other creditors 11,403,418 9,408,725
11,479,183 9,459,410

7. Reserves
Retained
earnings
£

At 1 March 2023 671,484
Profit for the year 233,865
Dividends (3,000 )
At 29 February 2024 902,349

8. Ultimate controlling party

The controlling party is P G Taylor.