REGISTERED NUMBER: 03482967 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Jordan Environmental Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

G M Hartley

B P Hartley

J Weston

Registered office:

Alton House

Alton Road

Ross-on-Wye

Herefordshire

HR9 5BP

Registered number:

03482967 (England and Wales)

Auditors:

Acre Accountancy Limited

Statutory Auditor

Certified Accountants

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

4

-

21,734

CURRENT ASSETS

Stocks

-

14,171

Debtors

-

807,052

Cash at bank

-

309,484

-

1,130,707

CREDITORS

Amounts falling due within one year

-

(447,987

)

NET CURRENT ASSETS

-

682,720

TOTAL ASSETS LESS CURRENT LIABILITIES

-

704,454

PROVISIONS FOR LIABILITIES

-

(9,696

)

NET ASSETS

-

694,758

CAPITAL AND RESERVES

Called up share capital

7

201

201

Retained earnings

(201

)

694,557

SHAREHOLDERS' FUNDS

-

694,758

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 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit or Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

B P Hartley - Director

1.	STATUTORY INFORMATION

Jordan Environmental 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

As detailed in note 12 the assets and trade were transferred to a Group company at book value on 1st August 2024 and the company is subsequently dormant.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

During the period depreciation was recalculated to align the policies with those of the Group.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit or Loss, 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.

Deferred tax

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 January 2024

277,727

Disposals

(277,727

)

At 31 December 2024

-

Depreciation

At 1 January 2024

255,993

Charge for year

11,651

Eliminated on disposal

(267,644

)

At 31 December 2024

-

Net book value

At 31 December 2024

-

At 31 December 2023

21,734

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

-

9,257

Non-cancellable

operating leases

2024

2023

£

£

Within one year

-

21,000

Between one and five years

-

42,000

-

63,000

6.	SECURED DEBTS

The company entered into a security arrangement dated 31st January 2023 (the "debenture") as part of the Group bank arrangements, containing fixed and floating charges over the company's assets. The security has been satisfied after the year end.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary Other

£100

100

100

1

Ordinary B

£1

1

1

201

201

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Mark Bevan FCCA (Senior Statutory Auditor)

for and on behalf of Acre Accountancy Limited

9.	RELATED PARTY DISCLOSURES

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.

The Board of Directors agreed in 2023 that fellow group company HSL Compliance Holdings Limited, should acquire the trade and assets of Jordan Environmental Limited during 2024. This transfer took place on the 1st August 2024 and the company has been dormant since.

10.	POST BALANCE SHEET EVENTS

HSL Compliance Group Limited prepares financial statements into which the results of the Company are consolidated. On 28 March 2025, 100% of the ordinary share capital of HSL Compliance Group Limited was purchased by Mariner Bidco Limited, an investment holding company ultimately controlled by IK Investment Partners AIFM, a private limited liability company incorporated in Luxembourg which acts as manager of the IK Small Cap III Fund No.1 SCSp and IK Small Cap III Fund No.2 SCSp.

The controlling party note reflects the above change in ultimate controlling party.

11.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is HSL Compliance Holdings Limited.

The smallest group to consolidate these financial statements is HSL Compliance Group Limited, a company registered in England and Wales at Alton House Alton Business Park, Alton Road, Ross-On-Wye, Herefordshire, United Kingdom, HR9 5BP.

The largest group to consolidate these financial statements is Mariner Topco Limited, a company registered in England and Wales at Alton House Alton Business Park, Alton Road, Ross-On-Wye, Herefordshire, United Kingdom, HR9 5BP

The ultimate controlling party is IK Investment Partners AIFM, a private limited liability company incorporated in Luxembourg which acts as manager of the IK Small Cap III Fund No.1 SCSp and IK Small Cap III Fund No.2 SCSp.