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Registration number: 05139422

Jordan Inc Limited
Annual Report and Consolidated Financial Statements
for the Year Ended 31 July 2025

Jordan Inc Limited

Contents

Company Information | 1
Strategic Report | 2 to 3
Director's Report | 4 to 6
Statement of Director's Responsibilities | 7
Independent Auditor's Report | 8 to 10
Consolidated Profit and Loss Account | 11
Consolidated Statement of Comprehensive Income | 12
Consolidated Balance Sheet | 13
Balance Sheet | 14
Consolidated Statement of Changes in Equity | 15
Statement of Changes in Equity | 16
Consolidated Statement of Cash Flows | 17
Statement of Cash Flows | 18
Notes to the Financial Statements | 19 to 39

Jordan Inc Limited

Company Information

Director | M J M Kirkham

Registered office | The Lofts Rivermead Islands Bishop Hall Lane Chelmsford Essex CM1 1RB

Bankers | NatWest Bank Plc Chelmsford 4-5 High Street Chelmsford Essex CM1 1FZ

Auditors | Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Jordan Inc Limited

Strategic Report for the Year Ended 31 July 2025

The director presents his strategic report for the year ended 31 July 2025.

Principal activity

The principal activity of the group remains real estate investment. Individual entities within the group support this strategy through construction activities to develop the portfolio at the group’s headquarters, the provision of student accommodation at the same site and a growing specialist car repair business which is expanding into new geographical areas in Essex.

Fair review of the business

Turnover increased by 6% to £8,950,629 (2024 £8,449,116) in the year reflecting a full year’s income from the student accommodation and constant demand at both of our vehicle repair branches in Chelmsford and Braintree.
As anticipated demand at Rivermead Island was strong and occupancy levels were spectacular, recognising the freshness and modern finish of the new development. We expect this demand to continue from students and the University agreed to take more units when building on the second phase is completed. Planning has now been approved for this next stage of development which will also include hotel rooms and some commercial space.
The specialist vehicle repair services continue to grow. During the year both branches were working at high rates of capacity leading to the search for a third branch to keep pace with demand from our insurance customers and the general public.
Activity in our construction arm was much reduced in this year with general repair work and preparation for the next phase being undertaken. Preparation for our planning application was undertaken with negotiations being held with the local Council and planning consultants. This has now been approved and work will begin in early 2026.
The group made an operating profit for the of £1,632,256 (2024 £1,062,293) but a post tax loss of £892,582 (2024 £1,922,737) after interest costs and goodwill amortisation. This has reduced group net assets to £12,640,410 (2024 £13,532,992).
Key performance indicators are reviewed each month for the trading activity and each term for student room occupation rates. Interest rates continue to be an issue for the economy but we are now starting to see decreases which will be helpful as the work begins on building the second phase.

Principal risks and uncertainties

General economic pressures due to continued inflation and higher interest rates pose a problem for many businesses. Whilst these effect the construction activities by adding in cost the other areas of the group are currently not being affected by these factors.
Education represents an important strand of every Government’s strategy and so being able to offer modern and new accommodation right on the campus at Anglian Ruskin University is seen as a positive. There is a positive stream of new students being signposted towards our offering at the University which is the largest provider of places to Nursing, Midwifery, Health and Social Care in the East of England. The students are both domestic and foreign and we cannot see a downturn in this source of income in the medium term.
Likewise, our vehicle repairs and MOT services see a constant demand from insurers and the general public wishing to repair incidental damage to vehicles and keep them legal in a roadworthy condition. Recent inflation increased the price of new vehicles across the board after COVID reduced supply and many drivers are trying to extend the life of their vehicle to keep personal costs down.
The director believes the group is in a position to exploit opportunities as they exist and secure the resources required to implement its strategy.

Jordan Inc Limited

Strategic Report for the Year Ended 31 July 2025 (continued)

Summary

The director is satisfied with this financial position and is focused on breaking ground on the next phase of development at Rivermead Island and finding further sites at which to develop the car repair business.

Approved and authorised by the director on 1 May 2026

M J M Kirkham Director

Jordan Inc Limited

Director's Report for the Year Ended 31 July 2025

The director presents his report and the for the year ended 31 July 2025.

Director of the group

The director who held office during the year was as follows:

M J M Kirkham

Financial instruments

Objectives and policies

The Director’s objectives are to:
• Maximise long term shareholder value through the completion of the Rivermead Island development to gain strong property investment value and a long term loan at a lower interest rate.
• Continue to grow the car repair business and develop the number of operating branches.
• Generate stable income streams from the property investment portfolio.
• Maintain balance sheet value and a prudent risk management framework.
The Group’s policies to achieve these objectives include:
• Actively managing and developing its property portfolio to enhance returns and mitigate risks.
• Maintaining a high service quality standard in the vehicle repairs sector to build customer loyalty within insurance companies and the general public.
• Monitor financial covenants to ensure financial stability.

Jordan Inc Limited

Director's Report for the Year Ended 31 July 2025 (continued)

Price risk, credit risk, liquidity risk and cash flow risk

The Group’s activities expose it to a variety of financial risks which the Director has established risk management policies to identify, evaluate and manage these risks effectively.
Price Risk
The Group is exposed to price risk in both its vehicle repair and construction activities in terms of inflation or supply of materials leading to price increases that might prove difficult to pass onto its customers or incorporate into a valuation of property.
These risks are managed by creating strong bonds with suppliers and monitoring market trends in an effort to anticipate cost increases and adjusting pricing strategies where necessary.
This risk is also appropriate to its student accommodation in that the fair value of the investment property is subject to market conditions which may increase or decrease the value of the asset and with it the level of rent that might be achievable per room or the amount of interest that may need to be paid if rates fluctuate.
The Director monitors this to ensure that occupancy is maintained at a market rate rent and keeps a strong eye on the property market for valuation purposes.
Credit Risk
Credit risk arises from the possibility that tenants or customers of the vehicle repair business might not be able to pay their invoices. This is mitigated by:
• Adopting robust credit control procedures on exiting tenants and customers to ensure that debts are paid within a reasonable timeframe.
• Performing credit assessments on new tenants and taking security deposits if considered necessary.
• Monitoring exposure to individual counter parties and limiting significant concentrations of credit risk.
Liquidity Risk
Liquidity risk is the risk that the Group will be unable to meet its financial obligations as they fall due. The Group’s policy is to ensure it has sufficient cash resources and committed borrowing facilities available including maintaining adequate cash reserves where possible with access to undrawn bank facilities and forecasting cashflows regularly to anticipate liquidity requirements.
Cash Flow Risk
The Group faces cashflow risk in the vehicle repair division from failing to collect all costs back on invoices and in the property division from the threat of falling rent yields.
As a consequence the Director has introduced a monitoring system to track each job undertaken to ensure that invoicing represents the correct sum and maximise daily cashflow.

Corporate governance

The director is satisfied with this financial position and is focused on breaking ground on the next phase of development at Rivermead Island and finding further sites at which to develop the car repair business.

Jordan Inc Limited

Director's Report for the Year Ended 31 July 2025 (continued)

Disclosure of information to the auditor

The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditor is aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditor is unaware.

Approved and authorised by the director on 1 May 2026

M J M Kirkham Director

Jordan Inc Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Jordan Inc Limited

Independent Auditor's Report to the Members of Jordan Inc Limited

Opinion

We have audited the financial statements of Jordan Inc Limited (the 'parent group') and its subsidiaries (the 'group') for the year ended 31 July 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• | give a true and fair view of the state of the group's and the parent group's affairs as at 31 July 2025 and of the group's loss for the year then ended;
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
• | have been prepared in accordance with the requirements of the Companies Act 2006.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• | the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Jordan Inc Limited

Independent Auditor's Report to the Members of Jordan Inc Limited (continued)

• | adequate accounting records have not been kept by the parent group, or returns adequate for our audit have not been received from branches not visited by us; or
• | the parent group financial statements are not in agreement with the accounting records and returns; or
• | certain disclosures of director's remuneration specified by law are not made; or
• | we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the Statement of Director's Responsibilities set out on page 7, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• | the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
• | we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the recruitment industry;
• | we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group, including the Companies Act 2006, taxation legislation and data protection, employment and health and safety legislation;
• | we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
• | identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the parent group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• | making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
• | considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

Jordan Inc Limited

Independent Auditor's Report to the Members of Jordan Inc Limited (continued)

• | performed analytical procedures to identify any unusual or unexpected relationships;
• | assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
• | investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• | agreeing financial statement disclosures to underlying supporting documentation; and
• | enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing
standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the director and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the group’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the group and the group’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Lisa Greenwood FCCA (Senior Statutory Auditor)
For and on behalf of Lambert Chapman LLP, Statutory Auditor
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

1 May 2026

Jordan Inc Limited

Consolidated Profit and Loss Account for the Year Ended 31 July 2025

| Note | 2025 £ | 2024 £
Turnover | 3 | 8,950,629 | 8,449,116
Cost of sales |  | (4,564,074) | (4,608,751)
Gross profit |  | 4,386,555 | 3,840,365
Administrative expenses |  | (2,819,430) | (2,904,373)
Other operating income | 4 | 65,131 | 126,300
Operating profit | 5 | 1,632,256 | 1,062,292
Other interest receivable and similar income | 6 | 42,791 | 101,277
Interest payable and similar expenses | 7 | (2,660,275) | (3,757,178)
|  | (2,617,484) | (3,655,901)
Loss before tax |  | (985,228) | (2,593,609)
Tax on loss | 11 | 92,646 | 670,872
Loss for the financial year |  | (892,582) | (1,922,737)
Profit/(loss) attributable to: |  |  |
Owners of the group |  | (887,728) | (1,920,167)
Minority interests |  | (4,854) | (2,570)
|  | (892,582) | (1,922,737)

The group has no recognised gains or losses for the year other than the results above.

Jordan Inc Limited

Consolidated Statement of Comprehensive Income for the Year Ended 31 July 2025

| 2025 £ | 2024 £
Loss for the year | (892,582) | (1,922,737)
Total comprehensive income for the year | (892,582) | (1,922,737)
Total comprehensive income attributable to: |  |
Owners of the group | (887,728) | (1,920,167)
Minority interests | (4,854) | (2,570)
| (892,582) | (1,922,737)

Jordan Inc Limited

(Registration number: 05139422)
Consolidated Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 12 | 1,398,456 | 1,721,180
Tangible assets | 13 | 4,449,483 | 4,605,709
Investment property | 14 | 49,950,790 | 49,950,791
|  | 55,798,729 | 56,277,680
Current assets |  |  |
Stocks | 16 | 942,375 | 397,028
Debtors | 17 | 2,244,649 | 1,824,359
Cash at bank and in hand | 18 | 549,962 | 189,789
|  | 3,736,986 | 2,411,176
Creditors: Amounts falling due within one year | 19 | (8,299,004) | (6,534,129)
Net current liabilities |  | (4,562,018) | (4,122,953)
Total assets less current liabilities |  | 51,236,711 | 52,154,727
Creditors: Amounts falling due after more than one year | 19 | (33,300,428) | (33,358,027)
Provisions for liabilities | 20 | (5,295,873) | (5,263,708)
Net assets |  | 12,640,410 | 13,532,992
Capital and reserves |  |  |
Called up share capital | 22 | 1 | 1
Revaluation reserve |  | 1,238,307 | 1,238,307
Retained earnings |  | 11,404,650 | 12,292,378
Equity attributable to owners of the company |  | 12,642,958 | 13,530,686
Minority interests |  | (2,548) | 2,306
Shareholders' funds |  | 12,640,410 | 13,532,992

Approved and authorised by the director on 1 May 2026

M J M Kirkham Director |  |

Jordan Inc Limited

(Registration number: 05139422)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 13 | 33,908 | 53,069
Investment property | 14 | 46,000,000 | 46,000,000
Investments | 15 | 345 | 345
|  | 46,034,253 | 46,053,414
Current assets |  |  |
Debtors | 17 | 6,669,073 | 6,368,728
Cash at bank and in hand | 18 | 344,352 | 614
|  | 7,013,425 | 6,369,342
Creditors: Amounts falling due within one year | 19 | (7,164,278) | (4,350,925)
Net current (liabilities)/assets |  | (150,853) | 2,018,417
Total assets less current liabilities |  | 45,883,400 | 48,071,831
Creditors: Amounts falling due after more than one year | 19 | (31,574,126) | (31,369,102)
Provisions for liabilities | 20 | (4,784,622) | (4,728,627)
Net assets |  | 9,524,652 | 11,974,102
Capital and reserves |  |  |
Called up share capital | 22 | 1 | 1
Retained earnings |  | 9,524,651 | 11,974,101
Shareholders' funds |  | 9,524,652 | 11,974,102

The company has opted to take the exemption under section 408 of the Companies Act 2006 to omit its profit and loss account. The company made a loss after tax for the financial year of £2,449,450 (2024 - loss of £3,007,022).

Approved and authorised by the director on 1 May 2026

M J M Kirkham Director |  |

Jordan Inc Limited

Consolidated Statement of Changes in Equity for the Year Ended 31 July 2025
Equity attributable to the parent company

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £ | Non-controlling interests - Equity £ | Total equity £
At 1 August 2024 | 1 | 1,238,307 | 12,292,378 | 13,530,686 | 2,306 | 13,532,992
Loss for the year | - | - | (887,728) | (887,728) | (4,854) | (892,582)
At 31 July 2025 | 1 | 1,238,307 | 11,404,650 | 12,642,958 | (2,548) | 12,640,410

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £ | Non-controlling interests - Equity £ | Total equity £
At 1 August 2023 | 1 | 1,238,307 | 14,212,545 | 15,450,853 | 4,876 | 15,455,729
Loss for the year | - | - | (1,920,167) | (1,920,167) | (2,570) | (1,922,737)
At 31 July 2024 | 1 | 1,238,307 | 12,292,378 | 13,530,686 | 2,306 | 13,532,992

Jordan Inc Limited

Statement of Changes in Equity for the Year Ended 31 July 2025

| Share capital £ | Retained earnings £ | Total £
At 1 August 2024 | 1 | 11,974,101 | 11,974,102
Loss for the year | - | (2,449,450) | (2,449,450)
At 31 July 2025 | 1 | 9,524,651 | 9,524,652

| Share capital £ | Retained earnings £ | Total £
At 1 August 2023 | 1 | 14,981,123 | 14,981,124
Loss for the year | - | (3,007,022) | (3,007,022)
At 31 July 2024 | 1 | 11,974,101 | 11,974,102

Jordan Inc Limited

Consolidated Statement of Cash Flows for the Year Ended 31 July 2025

| Note | 2025 £ | 2024 £
Cash flows from operating activities
Loss for the year |  | (892,582) | (1,922,737)
Adjustments to cash flows from non-cash items |  |  |
Depreciation and amortisation | 5 | 587,650 | 645,341
Profit on disposal of tangible assets |  | (60,208) | (15,800)
Finance income |  | - | (101,277)
Finance costs |  | 2,660,275 | 3,757,178
Income tax expense | 11 | (92,646) | (670,872)
|  | 2,202,489 | 1,691,833
Working capital adjustments |  |  |
Increase in stocks | 16 | (545,346) | (172,130)
(Increase)/decrease in trade debtors | 17 | (270,562) | 144,910
Increase/(decrease) in trade creditors | 19 | 573,103 | (269,636)
Increase in deferred income, including government grants |  | 26,588 | 14,091
Cash generated from operations |  | 1,986,272 | 1,409,068
Income taxes paid | 11 | (24,918) | -
Net cash flow from operating activities |  | 1,961,354 | 1,409,068
Cash flows from investing activities |  |  |
Interest received |  | - | 101,277
Acquisitions of tangible assets |  | (118,492) | (56,871)
Proceeds from sale of tangible assets |  | 70,000 | 28,426
Acquisition of investment properties |  | - | (20,213)
Net cash flows from investing activities |  | (48,492) | 52,619
Cash flows from financing activities |  |  |
Interest paid |  | (2,660,275) | (3,757,178)
Proceeds from borrowing draw downs |  | 2,472,004 | 2,576,352
Repayment of borrowing |  | (1,364,418) | (385,438)
Net cash flows from financing activities |  | (1,552,689) | (1,566,264)
Net increase/(decrease) in cash and cash equivalents |  | 360,173 | (104,577)
Cash and cash equivalents at 1 August |  | 189,789 | 294,366
Cash and cash equivalents at 31 July |  | 549,962 | 189,789

Jordan Inc Limited

Statement of Cash Flows for the Year Ended 31 July 2025

| Note | 2025 £ | 2024 £
Cash flows from operating activities
Loss for the year |  | (2,449,450) | (3,007,022)
Adjustments to cash flows from non-cash items |  |  |
Depreciation and amortisation | 5 | 19,161 | 3,687
Loss from disposals of investments |  | - | 100
Finance income |  | (42,791) | (275,591)
Finance costs |  | 2,327,496 | 3,386,138
Income tax expense | 11 | (20,507) | (611,340)
Impairment loss |  | - | 401,135
|  | (166,091) | (102,893)
Working capital adjustments |  |  |
(Increase)/decrease in trade debtors | 17 | (198,925) | 181,438
Increase in trade creditors | 19 | 1,591,177 | 862,822
Cash generated from operations |  | 1,226,161 | 941,367
Income taxes paid | 11 | (24,918) | (133,598)
Net cash flow from operating activities |  | 1,201,243 | 807,769
Cash flows from investing activities |  |  |
Interest received |  | 42,791 | 275,591
Acquisition of investment properties |  | - | (401,135)
Net cash flows from investing activities |  | 42,791 | (125,544)
Cash flows from financing activities |  |  |
Interest paid |  | (2,327,496) | (3,386,138)
Proceeds from bank borrowing draw downs |  | 2,872,494 | 2,223,712
Repayment of other borrowing |  | (1,413,637) | 351,663
Payments to finance lease creditors |  | (31,657) | (21,523)
Net cash flows from financing activities |  | (900,296) | (832,286)
Net increase/(decrease) in cash and cash equivalents |  | 343,738 | (150,061)
Cash and cash equivalents at 1 August |  | 614 | 150,675
Cash and cash equivalents at 31 July |  | 344,352 | 614

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1 | General information

The group is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is The Lofts Rivermead Islands, Bishop Hall Lane, Chelmsford, Essex, CM1 1RB, England.

The principal place of business is The Lofts Rivermead Islands, Bishop Hall Lane, Chelmsford, Essex, CM1 1RB, England.

These financial statements were authorised for issue by the director on 1 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the group and its subsidiary undertakings drawn up to 31 July 2025.
No Profit and Loss Account is presented for the individual entity as permitted by section 408 of the Companies Act 2006. The company made a loss after tax for the financial period of £2,814,209 (2024: £3,007,022).

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

A subsidiary is an entity controlled by the group. Control is achieved where the group has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the group and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

Departures from Companies Act requirements

The director has chosen to depart from the Companies Act 2006 in respect of depreciation not being recognised on the freehold property owned by a subsidiary company. The director considers this approach to give a true and fair view as the property is reviewed for impairment and any necessary revaluation in order to accurately reflect its fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director has a reasonable expectation that the group will continue to operate as a going concern for the foreseeable future.

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Judgements

The preparation of the financial statement requires management to make significant judgements and estimates. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Other than those involving estimations there are no judgements that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty

Investment property values not determined by a third party valuation in the period have been determined by the Director. The valuation of these investment properties are based on historic valuations undertaken with consideration to the current market value.

The Director considers depreciation as a key area of estimation. The depreciation rates applied to each class of assets are revised regularly in line with industry standards.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the rental of investment properties, the rental of plant and machinery, and provision of specialist vehicle repair services in the ordinary course of the group’s activities. Turnover is shown net of value added tax and discounts.
Other income consists of rates rebates recognised over the period to which they relate and supplier discounts recognised on the agreed usage amounts.
The group recognises revenue when:
- the amount of revenue can be reliably measured,
- it is probable that future economic benefit will flow to the entity, and;
- specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 group operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% Reducing balance method
Motor vehicles | 25% Reducing balance method

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Plant and machinery | 25% Reducing balance method & 14%/20%/25%/33% Straight line method
Land and buildings | 10% Reducing balance method & over the lease term
Fixtures & Fittings | 25 % Reducing balance method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible assets are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight line over 10 years
Franchise fees | Straight line over 10 years

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The impairment review is calculated using the estimated probability of default, assessed on a customer by customer basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Turnover

The analysis of the group's Turnover for the year by class of business is as follows:

| 2025 £ | 2024 £
Income from rental of owned assets (including property) | 2,876,528 | 2,219,235
Income from vehicle repairs and servicing | 5,989,587 | 6,185,997
Other income | 84,514 | 43,884
| 8,950,629 | 8,449,116

The analysis of the group's Turnover for the year by market is as follows:

| 2025 £ | 2024 £
UK | 8,950,629 | 8,449,116

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Other operating income

The analysis of the group's other operating income for the year is as follows:

| 2025 £ | 2024 £
Rates rebates | 38,283 | 110,874
Other income - interest grant | 26,848 | 15,426
| 65,131 | 126,300

5 | Operating profit

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 249,566 | 322,616
Amortisation expense | 322,724 | 322,725
Profit on disposal of property, plant and equipment | (60,208) | (15,800)

6 | Other interest receivable and similar income

| 2025 £ | 2024 £
Interest income on bank deposits | - | 243
Other finance income | 42,791 | 101,034
| 42,791 | 101,277

7 | Interest payable and similar expenses

| 2025 £ | 2024 £
Interest on bank overdrafts and borrowings | 5,239 | 18,760
Interest on obligations under finance leases and hire purchase contracts | 47,034 | 63,098
Interest expense on other finance liabilities | 2,608,002 | 3,675,320
| 2,660,275 | 3,757,178

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

8 | Staff costs

The aggregate payroll costs (including director's remuneration) were as follows:

| 2025 £ | 2024 £
Wages and salaries | 2,760,832 | 2,716,862
Social security costs | 294,953 | 265,379
Pension costs, defined contribution scheme | 52,918 | 49,161
Other employee expense | 152,684 | 190,637
| 3,261,387 | 3,222,039

The average number of persons employed by the group (including the director) during the year, analysed by category was as follows:

| 2025 No. | 2024 No.
Production | 69 | 61
Administration and support | 9 | 14
Directors and key management | 4 | 4
| 82 | 79

9 | Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 130,916 | 167,014
Contributions paid to money purchase schemes | 6,090 | 6,187
| 137,006 | 173,201

10 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of these financial statements | 28,375 | 40,050

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

11 | Taxation

Tax charged/(credited) in the consolidated profit and loss account

| 2025 £ | 2024 £
Deferred taxation |  |
Arising from origination and reversal of timing differences | (92,646) | (670,872)

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 25% (2024 - 25%).
The differences are reconciled below:

| 2025 £ | 2024 £
Loss before tax | (985,228) | (2,593,609)
Corporation tax at standard rate | (246,307) | (648,402)
Tax increase from effect of capital allowances and depreciation | 115,646 | 240,392
Tax (decrease)/increase from other short-term timing differences | (92,646) | 11,061
Effect of expense not deductible in determining taxable profit (tax loss) | 5,875 | 2,034
Increase/(decrease) from tax losses for which no deferred tax asset was recognised | 124,786 | (275,957)
Total tax credit | (92,646) | (670,872)

On 10 June 2021 Royal Assent was granted to amend the Finance Act 2021 which contained an increase in the main rate of Corporation Tax from 19% to 25%. This was enacted with effect from 1 April 2023. In the year ended 31 July 2025, an average tax rate of 25% (2024: 25%) has been applied.

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

11 | Taxation (continued)

Deferred tax

Group

Deferred tax assets and liabilities

Deferred tax assets

The deferred tax asset is made up as follows:

| 2025 £ | 2024 £
Tax losses carried forward | 807,192 | 682,383
| 807,192 | 682,383

Deferred tax liabilities

The deferred tax liability is made up as follows:

| 2025 £ | 2024 £
Accelerated tax depreciation | 94,200 | 62,035
Revaluation of investment property | 5,201,673 | 5,201,673
| 5,295,873 | 5,263,708

Company

Deferred tax assets and liabilities

Deferred tax assets

The deferred tax asset is made up as follows:

| 2025 £ | 2024 £
Tax losses carried forward | 543,780 | 607,722
| 543,780 | 607,722

Deferred tax liabilities

The deferred tax liability is made up as follows:

| 2025 £ | 2024 £
Accelerated tax depreciation | (4,282) | (312)
Revaluation of investment property | 4,788,904 | 4,728,939
| 4,784,622 | 4,728,627

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

12 | Intangible assets

Group

| Goodwill £ | Franchise fees £ | Total £
Cost or valuation
At 1 August 2024 | 3,245,243 | 12,000 | 3,257,243
At 31 July 2025 | 3,245,243 | 12,000 | 3,257,243
Amortisation
At 1 August 2024 | 1,525,863 | 10,200 | 1,536,063
Amortisation charge | 321,524 | 1,200 | 322,724
At 31 July 2025 | 1,847,387 | 11,400 | 1,858,787
Carrying amount
At 31 July 2025 | 1,397,856 | 600 | 1,398,456
At 31 July 2024 | 1,719,380 | 1,800 | 1,721,180

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

13 | Tangible assets

Group

| Land and buildings £ | Office equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 August 2024 | 4,108,748 | 92,406 | 647,917 | 1,114,445 | 5,963,516
Additions | 26,815 | 11,705 | - | 79,972 | 118,492
Disposals | - | - | - | (117,500) | (117,500)
At 31 July 2025 | 4,135,563 | 104,111 | 647,917 | 1,076,917 | 5,964,508
Depreciation
At 1 August 2024 | 137,423 | 55,491 | 432,580 | 732,313 | 1,357,807
Charge for the year | 95,767 | 10,285 | 53,834 | 105,040 | 264,926
Eliminated on disposal | - | - | - | (107,708) | (107,708)
At 31 July 2025 | 233,190 | 65,776 | 486,414 | 729,645 | 1,515,025
Carrying amount
At 31 July 2025 | 3,902,373 | 38,335 | 161,503 | 347,272 | 4,449,483
At 31 July 2024 | 3,971,325 | 36,915 | 215,337 | 382,132 | 4,605,709

Included within the net book value of land and buildings above is £3,629,564 (2024: £3,632,691) in respect of freehold land and buildings and £272,809 (2024: £338,634) in respect of short leasehold land and buildings.

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

13 | Tangible assets (continued)

Capitalised borrowing costs

Within Land and buildings are capitalised borrowing costs of £785,218 (2024 - £785,218).

Company

| Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 August 2024 | 78,745 | 109,260 | 188,005
At 31 July 2025 | 78,745 | 109,260 | 188,005
Depreciation
At 1 August 2024 | 63,541 | 71,395 | 134,936
Charge for the year | 3,801 | 15,360 | 19,161
At 31 July 2025 | 67,342 | 86,755 | 154,097
Carrying amount
At 31 July 2025 | 11,403 | 22,505 | 33,908
At 31 July 2024 | 15,204 | 37,865 | 53,069

14 | Investment properties

Group

| 2025 £
At 1 August 2024 | 49,950,790
At 31 July 2025 | 49,950,790

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 28 September 2023 by KWD Surveyors who are not connected with the Group. The valuation was made on an open market value basis by reference to market evidence and knowledge of the relevant property market by RICS qualified individuals within KWD Surveyors.
Further property totalling £3,950,791 has not been valued by an independent valuer since 17 October 2019. The current valuation has been derived from the director's expertise and knowledge of relevant property market at the reporting date. This property is scheduled for demolition and subsequent redevelopment.

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

14 | Investment properties (continued)

Company

| 2025 £
At 1 August 2024 | 46,000,000
At 31 July 2025 | 46,000,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 28 September 2023 by KWD Surveyors who are not connected with the Group. The valuation was made on an open market value basis by reference to market evidence and knowledge of the relevant property market by RICS qualified individuals within KWD Surveyors.

15 | Investments

Group

For the year ending 31 July 2025 the following subsidiaries were entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies where the parent company has provided a guarantee:
Jordan Cars Holdings Limited
Island Estates Chelmsford Limited
South Island Development Limited
RI Student Accommodation Limited

Company

| 2025 £ | 2024 £
Investments in subsidiaries | 345 | 345

Subsidiaries | £
Cost or valuation
At 1 August 2024 | 345
Provision
Carrying amount
At 31 July 2025 | 345
At 31 July 2024 | 345

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

15 | Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the group holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Jordan Cars Holdings Limited | The Lofts Bishop Hall Lane, Rivermead Islands, Chelmsford, Essex, England, CM1 1RB | Ordinary | 100% | 100%
Island Estates Chelmsford Limited | The Lofts Bishop Hall Lane, Rivermead Islands, Chelmsford, Essex, England, CM1 1RB | Ordinary | 100% | 100%
RI Student Accommodation Limited | The Lofts Bishop Hall Lane, Rivermead Islands, Chelmsford, Essex, England, CM1 1RB | Ordinary | 100% | 100%
South Island Development Limited | The Lofts Bishop Hall Lane, Rivermead Islands, Chelmsford, Essex, England, CM1 1RB | Ordinary | 95% | 95%

Subsidiary undertakings
Jordan Cars Holdings Limited The principal activity of Jordan Cars Holdings Limited is an investment company.
Island Estates Chelmsford Limited The principal activity of Island Estates Chelmsford Limited is a property development contractor.
RI Student Accommodation Limited The principal activity of RI Student Accommodation Limited is a university student accommodation provider.
South Island Development Limited The principal activity of South Island Development Limited is an investment property company.

16 | Stocks

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Work in progress | 859,709 | 367,528 | - | -
Other inventories | 82,666 | 29,500 | - | -
| 942,375 | 397,028 | - | -

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

17 | Debtors

|  | Group | Company
Current | Note | 2025 £ | 2024 £ | 2025 £ | 2024 £
Trade debtors |  | 281,999 | 258,682 | - | 4
Other debtors |  | 538,058 | 377,144 | 379,625 | 254,015
Amounts owed by related parties |  | - | - | 5,429,855 | 5,291,756
Directors loan |  | 142,995 | 207,775 | 142,995 | 207,775
Deferred tax assets | 11 | 807,194 | 682,383 | 684,224 | 607,722
Corporation tax | 11 | 32,374 | 7,456 | 32,374 | 7,456
Prepayments |  | 38,839 | 57,055 | - | -
Accrued income |  | 403,190 | 233,864 | - | -
|  | 2,244,649 | 1,824,359 | 6,669,073 | 6,368,728

Debtors include amounts owed by group undertakings which are repayable on demand but are unlikely to be repaid in full in the next 12 months.

18 | Cash and cash equivalents

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Cash on hand | 12,385 | 8,091 | - | -
Cash at bank | 537,577 | 181,698 | 344,352 | 614
| 549,962 | 189,789 | 344,352 | 614

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

19 | Creditors

|  | Group | Company
| Note | 2025 £ | 2024 £ | 2025 £ | 2024 £
Due within one year |  |  |  |  |
Loans and borrowings | 23 | 5,099,010 | 3,933,825 | 1,262,480 | 40,304
Trade creditors |  | 664,507 | 463,828 | 18,298 | 19,494
Amounts due to related parties |  | - | - | 5,387,126 | 3,832,827
Social security and other taxes |  | 758,624 | 684,152 | - | -
Outstanding defined contribution pension costs |  | 12,716 | 7,705 | - | -
Other payables |  | 1,040,219 | 949,340 | 2,665 | -
Accruals |  | 487,650 | 285,589 | 493,709 | 458,300
Deferred income |  | 236,278 | 209,690 | - | -
|  | 8,299,004 | 6,534,129 | 7,164,278 | 4,350,925
Due after one year |  |  |  |  |
Loans and borrowings | 23 | 33,300,428 | 33,358,027 | 31,574,126 | 31,369,102

Creditors include amounts owed by group undertakings which are repayable on demand but are unlikely to be repaid in full in the next 12 months.

Creditors falling due within and after one year include loans and net obligations under hire purchase and finance lease agreements which are secured of £37,656,119 (2024 - £36,594,927).

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

20 | Provisions for liabilities

Group

| Deferred tax £ | Total £
At 1 August 2024 | 5,263,708 | 5,263,708
Increase (decrease) in existing provisions | 32,165 | 32,165
At 31 July 2025 | 5,295,873 | 5,295,873

Company

| Deferred tax £ | Total £
At 1 August 2024 | 4,728,627 | 4,728,627
Increase (decrease) in existing provisions | 55,995 | 55,995
At 31 July 2025 | 4,784,622 | 4,784,622

21 | Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £52,918 (2024 - £49,161).
Contributions totalling £12,716 (2024 - £7,705) were payable to the scheme at the end of the year and are included in creditors.

22 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

Ordinary have the following rights, preferences and restrictions:
Voting rights of each share carries one vote at a meeting whether in person or by proxy.

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

23 | Loans and borrowings

Current loans and borrowings

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Bank borrowings | 585,703 | 602,460 | 8,903 | 10,000
Hire purchase contracts | 150,089 | 198,130 | 22,429 | 30,304
Other borrowings | 4,363,218 | 3,133,235 | 1,231,148 | -
| 5,099,010 | 3,933,825 | 1,262,480 | 40,304

Included in the other borrowings is an unsecured loan with a party under common control of £469,148 (2024: £309,038) which is repayable on demand.

Non-current loans and borrowings

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Bank borrowings | 31,560,307 | 29,448,716 | 31,551,974 | 29,440,383
Hire purchase contracts | 134,898 | 289,007 | 22,152 | 45,934
Other borrowings | 1,605,223 | 3,620,304 | - | 1,882,785
| 33,300,428 | 33,358,027 | 31,574,126 | 31,369,102

24 | Commitments

Group

Other financial commitments

Other financial commitments not provided in the financial statements are in respect of operating lease commitments.
The total amount of other financial commitments not provided in the financial statements was £1,434,288 (2024 - £703,805).

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

25 | Related party transactions

Group

The directors loan account is unsecured, repayable on demand and interest is charged at the HMRC Official Rate of Interest.

Transactions with the director

2025 | At 1 August 2024 £ | Advances to director £ | Repayments by director £ | At 31 July 2025 £
M J M Kirkham
Directors loan account | 207,775 | 114,188 | (178,968) | 142,995

2024 | At 1 August 2023 £ | Advances to director £ | Repayments by director £ | At 31 July 2024 £
M J M Kirkham
Directors loan account | 147,983 | 173,930 | (114,138) | 207,775

Summary of transactions with other related parties
There are balances owed to other parties who would be considered related parties totalling £284,158 (2024: £422,865).

Company

The directors loan account is unsecured, repayable on demand and interest is charged at the HMRC Official Rate of Interest.

Transactions with the director

2025 | At 1 August 2024 £ | Advances to director £ | Repayments by director £ | At 31 July 2025 £
M J M Kirkham
Directors loan account | 207,774 | 114,188 | (178,968) | 142,995

2024 | At 1 August 2023 £ | Advances to director £ | Repayments by director £ | At 31 July 2024 £
M J M Kirkham
Directors loan account | 155,788 | 166,025 | (114,039) | 207,774

Summary of transactions with other related parties
There are balances owed by other parties who would be considered related parties totalling £333,152 (2024: £203,383).

Jordan Inc Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

25 | Related party transactions (continued)

Summary of transactions with subsidiaries

The company has rented property to a subsidiary company for an annual peppercorn rent of £1, which is not market value.