Iori Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06651994 (Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Iori Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr I LL Williams

Miss E A Williams

SECRETARY:

Mr I LL Williams

REGISTERED OFFICE:

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

06651994 (Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

876

943

Investments

5

168,834

147,798

169,710

148,741

CURRENT ASSETS

Debtors

6

69,285

58,730

Cash at bank

88,134

36,007

157,419

94,737

CREDITORS

Amounts falling due within one year

7

113,072

114,244

NET CURRENT ASSETS/(LIABILITIES)

44,347

(19,507

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

214,057

129,234

CREDITORS

Amounts falling due after more than one
year

8

(473

)

(3,247

)

PROVISIONS FOR LIABILITIES

(28,996

)

(24,999

)

NET ASSETS

184,588

100,988

CAPITAL AND RESERVES

Called up share capital

1

Other revaluation reserve

9

123,614

106,575

Retained earnings

60,973

(5,588

)

SHAREHOLDERS' FUNDS

184,588

100,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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

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 December 2025 and were signed on its behalf by:

Mr I LL Williams - Director

1.	STATUTORY INFORMATION

Iori Limited is a private company, limited by shares , registered in 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 as modified by the revaluation of certain assets.

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.

20% reducing balance.

Fixed assets are stated at their cost prices less accumulated depreciation and less any amounts recognised in respect of any impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,642

Additions

152

At 31 March 2025

2,794

DEPRECIATION

At 1 April 2024

1,699

Charge for year

219

At 31 March 2025

1,918

NET BOOK VALUE

At 31 March 2025

876

At 31 March 2024

943

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

147,798

Revaluations

21,036

At 31 March 2025

168,834

NET BOOK VALUE

At 31 March 2025

168,834

At 31 March 2024

147,798

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2016

73,059

Valuation in 2017

27,927

Valuation in 2018

28,530

Valuation in 2019

(28,591

)

Valuation in 2020

22,498

Valuation in 2021

14,625

Valuation in 2022

23,805

Valuation in 2023

(30,027

)

Valuation in 2024

(252

)

Valuation in 0

3,306

Cost

16,224

151,104

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

UNLISTED INVESTMENTS

'COST' ACCOUNT TOTAL

Cost/valuation b/f

147,798

Revaluations

21,036

168,834

CLIENT SCREEN TOTAL

=

151,104

The above represents the cost of Iori Limited's 15% cell in 75point3 Financial Planning LLP. 75point3 Financial Planning LLP is a limited liability partnership incorporated in England and Wales under the registration number OC379764.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

Trade debtors

8,526

4,141

Other debtors

60,759

54,589

69,285

58,730

Included in the Other Debtors figure stated above, is £12,000 owed from Mentro Developments Ltd, in which Mr I Ll Williams is a Director, and £8,450 owed from Felin Properties Ltd, in which Mr I Ll Williams is also a Director. .

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

Bank loans and overdrafts

2,709

2,587

Trade creditors

22

21

Taxation and social security

8,329

902

Other creditors

102,012

110,734

113,072

114,244

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

as restated

£

Bank loans

473

3,247

9.

RESERVES

Other

revaluation

reserve

£

At 1 April 2024

106,575

Transfer between funds

17,039

At 31 March 2025

123,614

10.	RELATED PARTY DISCLOSURES

Rent of £12,000 was paid to Messrs Williams for the right to trade from the premises. This rent was considered to be at the market rate.

The directors' loan account was in credit throughout the year.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss E A Williams.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Iori Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Iori Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Iori Limited and state those matters that we have agreed to state to the Board of Directors of Iori Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iori Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Iori Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Iori Limited. You consider that Iori Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Iori Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Date: .............................................