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REGISTERED NUMBER: 10249516 (England and Wales)









JORDAN ASSANTE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






JORDAN ASSANTE HOLDINGS LIMITED (REGISTERED NUMBER: 10249516)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JORDAN ASSANTE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: K J Boone
A Jordan
I M Jordan
J Harding





REGISTERED OFFICE: Treelands
Five Mile Hill
Tedburn St Mary
Exeter
Devon
EX6 6AQ





REGISTERED NUMBER: 10249516 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

JORDAN ASSANTE HOLDINGS LIMITED (REGISTERED NUMBER: 10249516)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,115,000 4,115,000
Investments 6 700,000 700,000
4,815,000 4,815,000

CURRENT ASSETS
Debtors 78,152 -
Cash at bank 77,007 8,000
155,159 8,000
CREDITORS
Amounts falling due within one year 411,037 780,768
NET CURRENT LIABILITIES (255,878 ) (772,768 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,559,122 4,042,232

CREDITORS
Amounts falling due after more than one year 7 (1,860,213 ) (1,407,467 )

PROVISIONS FOR LIABILITIES (278,000 ) (211,000 )
NET ASSETS 2,420,909 2,423,765

CAPITAL AND RESERVES
Called up share capital 700,400 700,400
Retained earnings 1,720,509 1,723,365
2,420,909 2,423,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

JORDAN ASSANTE HOLDINGS LIMITED (REGISTERED NUMBER: 10249516)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 January 2025 and were signed on its behalf by:





K J Boone - Director


JORDAN ASSANTE HOLDINGS LIMITED (REGISTERED NUMBER: 10249516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Jordan Assante Holdings 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 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.

3. ACCOUNTING POLICIES

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

Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Jordan Assante Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

Freehold property
Freehold property is accounted for at valuation, with the directors assessing the appropriateness of the valuation at each Balance Sheet date.
On 30th August 2022, the property was subject to an independent professional valuation (undertaken by , a Christie & Co a specialist property adviser, which was derived on the basis of the market value, in accordance with FRS 102.
Any impairment or uplift in value is reflected in the Profit and Loss Account each year.

JORDAN ASSANTE HOLDINGS LIMITED (REGISTERED NUMBER: 10249516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Fixed assets initially are measured at cost and land is not depreciated. Subsequently, properties are measured using revaluation model.

Directors believe that the residual values of the buildings are high, due to annual repair and maintenance programme and is unlikely to suffer from technological or economic obsolescence, therefore no depreciation is charged. It is the accepted industry norm to value such specialist properties on an existing use basis.

This departure from the requirements of Companies Act 2006 with regards to depreciation of buildings, is, in the opinion of the directors, necessary for the financial statements to give a true and fair view. Subsequent measurement of remaining fixed assets uses the cost model - cost less any accumulated depreciation and any accumulated impairment losses.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

JORDAN ASSANTE HOLDINGS LIMITED (REGISTERED NUMBER: 10249516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 4,115,000
NET BOOK VALUE
At 30 April 2024 4,115,000
At 30 April 2023 4,115,000

Cost or valuation at 30 April 2024 is represented by:

Totals
£   
Valuation in 2023 937,368
Cost 3,177,632
4,115,000

A formal valuation of the property was carried out by Christie & Co in August 2022. The directors considered this value to still be appropriate.

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023
and 30 April 2024 700,000
NET BOOK VALUE
At 30 April 2024 700,000
At 30 April 2023 700,000

JORDAN ASSANTE HOLDINGS LIMITED (REGISTERED NUMBER: 10249516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,658,092 1,192,239

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,910,743 1,461,274

The bank loan is secured against the property owned by the company.

9. ULTIMATE CONTROLLING PARTY

Jordan Assante Limited became the ultimate parent company on 22 June 2022 by way of a share for share agreement with the shareholders of Jordan Assante Holdings Limited.

There is no ultimate controlling party of the group by virtue of the split of the shareholdings.