REGISTERED NUMBER: 12098230 (England and Wales)

MICHAEL JORDAN ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M K Jordan

REGISTERED OFFICE:

Brabant

East Lane

Everton

Lymington

Hampshire

SO41 0JL

REGISTERED NUMBER:

12098230 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,481,847

2,511,847

Investments

5

1,917,662

1,917,662

4,399,509

4,429,509

CURRENT ASSETS

Debtors

6

10

10

Cash at bank

254

280

264

290

CREDITORS

Amounts falling due within one year

7

(10,001

)

(1,725

)

NET CURRENT LIABILITIES

(9,737

)

(1,435

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,389,772

4,428,074

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

4,999,900

4,999,900

Retained earnings

(610,228

)

(571,926

)

4,389,772

4,428,074

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 May 2026 and were signed by:

M K Jordan - Director

1.	STATUTORY INFORMATION

Michael Jordan Estates 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Preparation of consolidated financial statements

The financial statements contain information about Michael Jordan Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to writeoff the cost less estimated residual value of each asset over its estimated useful life:

Land - Not depreciated

Freehold buildings - 2% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2025

and 31 December 2025

2,661,847

DEPRECIATION

At 1 January 2025

150,000

Charge for year

30,000

At 31 December 2025

180,000

NET BOOK VALUE

At 31 December 2025

2,481,847

At 31 December 2024

2,511,847

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

1,917,662

NET BOOK VALUE

At 31 December 2025

1,917,662

At 31 December 2024

1,917,662

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Other debtors

10

10

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Amounts owed to group undertakings

8,242

-

Taxation and social security

79

47

Other creditors

1,680

1,678

10,001

1,725

8.	PRIOR YEAR ADJUSTMENTS

During the year, it was identified that balance previously presented as amounts due from a group undertaking arose due to a historic misclassification when the group structure was established. No intercompany loan was ever advanced and the balance has therefore been removed.

This matter relates to periods prior to 1 January 2024 and has been treated as a prior period error in accordance with FRS 102 Section 10. Comparative figures have been restated and opening retained earnings at 1 January 2024 have been adjusted accordingly.

The correction resulted in the removal of intercompany balance of £404,780 from debtors and the recognition of a prior year adjustment to reserves. There is no impact on taxation or cash flows.