Iorsen Management Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10778392

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		188		376

			188		376
CURRENT ASSETS
Debtors	5	449		716
Cash at bank and in hand		2,996		47,664

		3,445		48,380
Creditors: Amounts Falling Due Within One Year	6	(3,238 )		(1,742 )

NET CURRENT ASSETS (LIABILITIES)			207		46,638

TOTAL ASSETS LESS CURRENT LIABILITIES			395		47,014

NET ASSETS			395		47,014

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			295		46,914

SHAREHOLDERS' FUNDS			395		47,014

Page 1

Page 2

Iorsen Management Ltd

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sven Orsen

Director

20/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

iOrsen Management 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

2.1. Basis of Preparation of 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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Fixtures & Fittings	33% on cost
Computer Equipment	Straight line over 3 years

2.4. 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

2.5. Pensions

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. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 June 2025	1,844	10,579	12,423

As at 31 May 2026	1,844	10,579	12,423

Depreciation
As at 1 June 2025	1,844	10,203	12,047
Provided during the period	-	188	188

As at 31 May 2026	1,844	10,391	12,235

Net Book Value
As at 31 May 2026	-	188	188

As at 1 June 2025	-	376	376

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Iorsen Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	-	30
VAT	449	686

	449	716

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1	97
Other creditors	600	600
Accruals and deferred income	1,800	1,045
Directors' loan accounts	837	-

	3,238	1,742

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

8. Ultimate Controlling Party

The ultimate controlling party is Mr Orsen & Mrs Cresswell by virtue of their 100% shareholding.