ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 00451581

J.FLORIS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025


J.FLORIS LIMITED REGISTERED NUMBER:00451581

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Intangible assets	4		62,356		24,312
Tangible assets	5		155,981		180,913
			218,337		205,225
Current assets
Stocks	6	1,771,178		2,487,541
Debtors: amounts falling due within one year	7	1,209,064		1,280,426
Cash at bank and in hand	8	10,502		81,526
Total net assets less current liabilities		2,990,744		3,849,493
Creditors: amounts falling due within one year	9		(1,702,316)		(1,463,436)
Provisions for liabilities
Deferred tax	11	(36,086)		(42,384)
			(36,086)		(42,384)
Net assets			1,470,679		2,548,898

Capital and reserves
Called up share capital		133,431	133,431
Share premium account	13	22,168	22,168
Revaluation reserve	13	764	764
Capital redemption reserve	13	43,367	43,367
Profit and loss account	13	1,270,949	2,349,168
		1,470,679	2,548,898

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 23 December 2025.

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J.FLORIS LIMITED REGISTERED NUMBER:00451581

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

E C Botsaris

Director

The notes on pages 3 to 16 form part of these financial statements.

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

J.Floris Limited (Company registration number 13028230) is a private company, limited by shares, registered in England and Wales. The Company's registered office address is 89 Jermyn Street, London, SW1Y 6JH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Floris of London Holdings Limited as at 31st March 2025 and these financial statements may be obtained from Companies House.

2.3

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company had a net asset position at the 31 March 2025 of £1,470,679, with cash of £10,502 held at this date. The cash deficit and loss making position in the year, is due to unforseen issues with production of stock and loss of overseas agent. The company has been profitable in previous years, and forecasts show that the business is expected to return to a profitable position for the next 12 months.

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Foreign currency translation

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.

2.5

Revenue

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.

2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.9

Pensions

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Website

25% Straight-line

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.12

Tangible fixed assets

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 following method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	25%	per annum straight line dependent on length of lease
Plant and machinery	-	25%	Straight line
Motor vehicles	-	25%	Reducing balance
Fixtures and fittings	-	25%	Straight line
Computer equipment	-	25%	Straight line

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.

2.13

Stocks

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 reporting 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.

2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.16

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.

2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.18

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.18

Financial instruments (continued)

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including the directors, during the year was as follows 41 (2024 - 48).

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Intangible assets

		Computer software
		£
	Cost
	At 1 April 2024	109,924
	Additions	61,360
	Disposals	(63,418)
	At 31 March 2025	107,866
	Amortisation
	At 1 April 2024	85,612
	Charge for the year on owned assets	23,316
	On disposals	(63,418)
	At 31 March 2025	45,510
	Net book value
	At 31 March 2025	62,356
	At 31 March 2024	24,312

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		J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

	5.	Tangible fixed assets

	Long-term leasehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 April 2024	195,762	84,454	18,740	313,256	162,980	775,192
Additions	19,859	19,093	-	6,505	11,093	56,550
Disposals	-	(58,775)	(18,740)	(131,332)	(50,425)	(259,272)
At 31 March 2025	215,621	44,772	-	188,429	123,648	572,470
Depreciation
At 1 April 2024	187,009	71,867	18,740	213,750	102,913	594,279
Charge for the year on owned assets	7,954	8,119	-	40,538	24,871	81,482
Disposals	-	(58,775)	(18,740)	(131,332)	(50,425)	(259,272)
At 31 March 2025	194,963	21,211	-	122,956	77,359	416,489
Net book value
At 31 March 2025	20,658	23,561	-	65,473	46,289	155,981
At 31 March 2024	8,753	12,587	-	99,506	60,067	180,913

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Stocks
		2025	2024
		£	£

Raw materials and consumables	629,214	813,999
Finished goods and goods for resale	1,141,964	1,673,542
	1,771,178	2,487,541

Debtors

					2025	As restated 2024
					£	£


Trade debtors	367,614	610,455
Amounts owed by group undertakings	608,888	290,981
Other debtors	40,425	94,630
Prepayments and accrued income	192,137	284,360
	1,209,064	1,280,426

Amounts owed by group undertakings are non interest bearing and repayable on demand.

8.	Cash and cash equivalents
		2025	As restated 2024
		£	£

Cash at bank and in hand	10,502	81,526
Less: bank overdrafts	(473,873)	(92,271)
	(463,371)	(10,745)

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	473,873	92,271
Trade creditors	565,934	840,694
Amounts owed to group undertakings	33,874	-
Corporation tax	30,906	6,852
Other taxation and social security	553,942	444,300
Other creditors	33,587	52,119
Accruals and deferred income	10,200	27,200
	1,702,316	1,463,436

10.	Financial instruments
		2025	2024
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	10,502	10,170

Financial assets measured at fair value through profit or loss comprise...

11.	Deferred taxation

		2025
		£

	At beginning of year	(42,384)
	Charged to profit or loss	6,298
	At end of year	(36,086)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(36,086)	(42,384)
		(36,086)	(42,384)

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11.Deferred taxation (continued)

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

66,358 (2024 - 66,358) Ordinary A shares shares of £1.00 each	66,358	66,358
67,073 (2024 - 67,073) Ordinary B Shares shares of £1.00 each	67,073	67,073

	133,431	133,431

13.

Reserves

Share premium account

The share premium account includes any premiums received on issue of share capital.

Capital redemption reserve

The capital redemption reserve includes funds which are transferred following the redemption or purchase of the company's own shares.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.

14.	Prior year adjustment

A prior year adjustment was made to correct the cash balance and the debtor’s balances. The adjustment reduces the cash balance in March 2024 by £92,674. However, it does not affect the overall net assets or profit/loss of the company for either the current or prior periods.

15.	Pension commitments

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 £42,474 (2024 - £43,760). Contributions totalling £8,904 (2024 - £26,433) were payable to the fund at the balance sheet date and are included in creditors.

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J.FLORIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Not later than 1 year	76,600	-
Later than 1 year and not later than 5 years	306,400	-
Later than 5 years	120,000	-
	503,000	-

17.	Related party transactions
	The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 33.1a The 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.

18.	Controlling party

At the balance sheet date the ultimate parent company was Floris of London Holdings Limited, a company registered in England and Wales, registered number 08738280, registered office 89 Jermyn Street, London, SW1Y 6JH, by virtue of its 100% shareholding.
The ultimate controlling party is J H Bodenham.

19.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 23 December 2025 by Misty Nickells FCA (Senior statutory auditor) on behalf of Griffin.

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