Company Registration No. 01925789 (England and Wales)
JUDIFORM LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Shenward LLP
Chartered Accountants & Statutory Auditors
Summit House
Woodland Park
Bradford Road
Cleckheaton
West Yorkshire
BD19 6BW
JUDIFORM LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
JUDIFORM LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
276,000
322,000
Tangible assets
5
6,821,403
6,821,192
7,097,403
7,143,192
Current assets
Debtors
6
597,126
343,161
Cash at bank and in hand
99,547
64,416
696,673
407,577
Creditors: amounts falling due within one year
7
(232,036)
(244,266)
Net current assets
464,637
163,311
Total assets less current liabilities
7,562,040
7,306,503
Creditors: amounts falling due after more than one year
8
(1,300,000)
(1,300,000)
Provisions for liabilities
10
(1,309,933)
(1,309,675)
Net assets
4,952,107
4,696,828
Capital and reserves
Called up share capital
12
1,724,342
1,724,342
Profit and loss reserves
3,227,765
2,972,486
Total equity
4,952,107
4,696,828

The directors of the company have elected not to include a copy of the directors' report and income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 23 July 2026 and are signed on its behalf by:
Mr J H Popat
Director
Company Registration No. 01925789
JUDIFORM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Judiform Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30-31 Kensington Gardens Square, London, W2 4BG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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.

1.2
Turnover

Turnover represents the amounts receivable in respect of provision of hotel accommodation and services provided to customers of the hotel and is shown net of VAT.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life of 15 years.

1.4
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings
2% per annum on a straight line basis
Fixtures, fittings & equipment
25% per annum on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

No depreciation is charged on the freehold building as the company has a policy of regular maintenance and repair such that the asset is maintained to a suitably high level. The estimated residual value of the property is considered to be not materially different from the carrying value of the asset, and therefore any depreciation charge would be immaterial. Instead, the property is subject to annual impairment review.

1.5
Cash at bank and in hand

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

JUDIFORM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried out at amortised cost using effective interest method, less any impairment.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

JUDIFORM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
11
JUDIFORM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
750,000
Amortisation and impairment
At 1 January 2025
428,000
Amortisation charged for the year
46,000
At 31 December 2025
474,000
Carrying amount
At 31 December 2025
276,000
At 31 December 2024
322,000
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
6,847,238
15,618
6,862,856
Additions
-
0
3,056
3,056
Disposals
-
0
(7,295)
(7,295)
At 31 December 2025
6,847,238
11,379
6,858,617
Depreciation and impairment
At 1 January 2025
30,000
11,664
41,664
Depreciation charged in the year
-
0
2,845
2,845
Eliminated in respect of disposals
-
0
(7,295)
(7,295)
At 31 December 2025
30,000
7,214
37,214
Carrying amount
At 31 December 2025
6,817,238
4,165
6,821,403
At 31 December 2024
6,817,238
3,954
6,821,192
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
547,243
252,849
Other debtors
49,883
90,312
597,126
343,161
JUDIFORM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Debtors
(Continued)
- 6 -

Amounts owed by group undertakings are interest free and recoverable on demand.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
22,583
19,397
Corporation tax
100,207
121,053
Other taxation and social security
68,391
67,526
Other creditors
40,855
36,290
232,036
244,266
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,300,000
1,300,000
9
Loans and overdrafts
2025
2024
£
£
Bank loans
1,300,000
1,300,000
Payable after one year
1,300,000
1,300,000

Bank loans of £1,300,000 (2024: £1,300,000) are secured by a fixed and floating charge over the assets of the company.

10
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
11
1,309,933
1,309,675
JUDIFORM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
11
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
1,041
783
Capital gains rolled over
1,308,892
1,308,892
1,309,933
1,309,675
2025
Movements in the year:
£
Liability at 1 January 2025
1,309,675
Charge to profit or loss
258
Liability at 31 December 2025
1,309,933

In accordance with accounting standards, a deferred tax liability has been recognised for the tax on the capital gain which arose on the sale of Metro House. The directors are of the opinion that any potential gains shall not crystalize for the foreseeable future.

12
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,724,342 Ordinary equity shares of £1 each
1,724,342
1,724,342
1,724,342
1,724,342
13
Reserves

During the current and previous year the movements in reserves relate to profit for the year.

14
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Sherad Dewedi and the auditor was Shenward LLP.
JUDIFORM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
15
Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

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