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Registered number: 07568637
JONATHAN ADLER UK LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
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JONATHAN ADLER UK LIMITED
CONTENTS
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Notes to the financial statements
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JONATHAN ADLER UK LIMITED
REGISTERED NUMBER: 07568637
BALANCE SHEET
AS AT 1 FEBRUARY 2025
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: Amounts Falling Due Within One Year
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2025.
The notes on pages 2 to 9 form part of these financial statements.
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JONATHAN ADLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
Jonathan Adler UK Limited is a private Company, limited by shares, incorporated in England and Wales, registration number 07568637. The registered office is 91 Pelham Street, London, SW7 2NJ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Financial support has been provided by the parent company, Jonathan Adler Enterprises LLC. The parent company has provided confirmation that it intends to continue to provide such financial support as is necessary for the Company to be able to continue in operation and meet its liabilities as they fall due. This support will be available for at least twelve months from the date of signing of these financial statements. Accordingly these financial statements have been prepared on the going concern basis of accounting.
The directors have a reasonable expectation that the Company has adequate resources to continue in operation excellence for the foreseeable future, including the support of the parent company.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
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JONATHAN ADLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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Short-term leasehold property
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Over the life of the lease
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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JONATHAN ADLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
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Change of reporting period
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The reporting date of the financial statements is 1 February 2025. In the prior year, the reporting date was 3 February 2024.
The reason that the current reporting period is shorter than one year is to enable the entity to have its reporting date as the closest Saturday to the year end.
The change in reporting date means that the comparative amounts presented in the financial statements are not entirely comparable.
Interest income is recognised in profit or loss using the effective interest method.
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JONATHAN ADLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
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Judgements in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimate means that actual outcomes could differ from those estimates. The key accounting judgements are detailed below:
Tangible assets
Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the assets' lives, factors such as technological innovation are taken into account.
Stock provision
The company has no formal policy for provisions against slow moving or obsolete stock. Management apply judgement for whether a stock provision is required at each year end and consider the value at which stock can be sold for. A provision is not deemed to be necessary at year end.
Dilapidation provision
Provisions require managements' best estimate of the costs involved in restoring leasehold property back to its original state at the end of the lease in accordance with the lease terms.
Deferred tax asset
Management is required to assess whether it is appropriate to recognise a deferred tax asset relating to taxable losses available to the Company. The recognition of deferred tax assets is based upon whether it is more likely than not that sufficient and suitable taxable profits will be available in the future against which the reversal of losses and other deductions can be deducted.
To determine the future taxable profits, reference is made to the latest available forecasts. Therefore, this involves judgement regarding the future financial performance of the Company in which a deferred tax asset has been recognised.
The Company has not recorded a deferred tax asset due to the uncertainty as to whether and when future taxable profits will arise.
Management is also required to assess whether it is appropriate to recognise a deferred tax asset relating to disallowed hybrid and other mismatch deductions available to the Company. The recognition of deferred tax assets is based upon whether it is more likely than not that sufficient and suitable dual inclusion income arising in the future against which the reversal of these adjustments can be deducted. The Company has not recorded a deferred tax asset due to the uncertainty as to whether and when dual inclusion income will arise.
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The average monthly number of employees, including directors, during the period was 8 (2024 - 7).
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JONATHAN ADLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
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Short-term leasehold property
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Finished goods and goods for resale
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JONATHAN ADLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
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Due after more than one year
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Amounts owed to group undertakings are interest free, unsecured and repayable on demand.
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JONATHAN ADLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
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Allotted, called up and fully paid
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100 (2024 - 100) Ordinary shares shares of £0.01 each
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,562 (2024 - £3,840). Contributions totalling Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.
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Commitments under operating leases
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At 1 February 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Jonathan Adler UK Limited held a charge, which was created on 10 August 2011, relating to a rent deposit deed made between Deka Immobilien Investment GmbH and Jonathan Adler UK Limited in respect of an old lease of premises dated 29 September 2003. As this charge is no longer relevant, it was satisfied on 4 April 2024.
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Related party transactions
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The Company has taken the exemption under FRS102, section 33 Related Party Disclosures paragraph 33.1A, whereby the Company is not required to disclose transactions with other wholly owned subsidiaries.
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JONATHAN ADLER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2025
The Company is wholly owned by Jonathan Adler Enterprises LLC, who form the smallest group into which the Company is consolidated. Group financial statements can be obtained by writing to: Jonathan Adler Enterprises LLC, 382 West Broadway, NY, NY 10012.
The shareholder Ouni Mamrout is the ultimate controlling party, as he owns the majority of the share capital and voting rights.
The auditors' report on the financial statements for the period ended 1 February 2025 was unqualified.
The audit report was signed on 30 September 2025 by Sally Casson (Senior statutory auditor) on behalf of Ecovis Wingrave Yeats LLP.
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