Jonnora Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10675275

Jonnora Limited

Filleted Unaudited Financial Statements

31 March 2025

Jonnora Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	6,760,249	16,664,490

Current assets

Debtors	6	8,918	65,273
Investments	7	4,770,035	–
Cash at bank and in hand		4,412,704	429,460
		----------	--------
		9,191,657	494,733

Creditors: amounts falling due within one year	8	405,576	152,659
		----------	--------
Net current assets		8,786,081	342,074
		-----------	-----------
Total assets less current liabilities		15,546,330	17,006,564

Provisions	360,278	935,760
	-----------	-----------
Net assets	15,186,052	16,070,804
	-----------	-----------

Capital and reserves

Called up share capital	5,000,000	5,000,000
Profit and loss account	10,186,052	11,070,804
	-----------	-----------
Shareholders funds	15,186,052	16,070,804
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

Ms A J Ellis	Mr G A Ellis
Director	Director

Company registration number: 10675275

Jonnora Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Investment properties

The investment properties are shown at their fair value as estimated by the directors. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.

(c) Current asset investments

Investments represent amounts held in collective investment accounts and are shown at their market value. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.

(d) Revenue recognition

Turnover comprises of rent receivable for the year.

(e) Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are 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. Deferred tax is measured 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.

(f) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% straight line
Equipment	-	25% straight line

(h) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

(i) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Tangible assets

	Investment properties	Motor vehicles	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	16,658,000	28,703	10,346	16,697,049
Additions	–	–	1,982	1,982
Disposals	( 9,826,500)	( 28,703)	( 6,634)	( 9,861,837)
Revaluations	( 75,000)	–	–	( 75,000)
	-----------	-------	-------	-----------
At 31 March 2025	6,756,500	–	5,694	6,762,194
	-----------	-------	-------	-----------
Depreciation
At 1 April 2024	–	28,703	3,856	32,559
Charge for the year	–	–	2,820	2,820
Disposals	–	( 28,703)	( 4,731)	( 33,434)
	-----------	-------	-------	-----------
At 31 March 2025	–	–	1,945	1,945
	-----------	-------	-------	-----------
Carrying amount
At 31 March 2025	6,756,500	–	3,749	6,760,249
	-----------	-------	-------	-----------
At 31 March 2024	16,658,000	–	6,490	16,664,490
	-----------	-------	-------	-----------

6. Debtors

	2025	2024
	£	£
Other debtors	8,918	65,273
	------	-------

Other debtors include £Nil (2024: £60,000) which is due from the directors. No amounts were advanced during the year.

7. Investments

	2025	2024
	£	£
Other investments	4,770,035	–
	----------	---

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	14,199	77,867
Corporation tax	368,065	40,336
Other creditors	23,312	34,456
	--------	--------
	405,576	152,659
	--------	--------

9. Profit and loss account

Retained earnings includes £1,078,024 (2024: £2,826,579) in respect of property revaluations which is non distributable until the relevant properties have been sold.