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Registered number: 10023291
JORIK LIMITED
UNAUDITED
ANNUAL REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2026
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JORIK LIMITED
CONTENTS
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Notes to the financial statements
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JORIK LIMITED
COMPANY INFORMATION
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Cooper Parry Advisory Limited
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Page 1
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JORIK LIMITED
REGISTERED NUMBER: 10023291
BALANCE SHEET
AS AT 28 FEBRUARY 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Page 2
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JORIK LIMITED
REGISTERED NUMBER: 10023291
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2026
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question 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 Section 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 Section 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 4 to 7 form part of these financial statements.
Page 3
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JORIK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
Jorik Limited (the 'company') is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is disclosed on the company information page.
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 28 February 2026 (2025: year ended 28 February 2025).
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Interest income is recognised in the profit and loss account using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
The directors consider the value of the investment property at the balance sheet date to be the fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Page 4
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JORIK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.Accounting policies (continued)
Provisions are recognised when there is a present obligation (legal or constructive) as a result of a past event, it is probable that the obligation will be required to be settled, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting taking into account the risks and uncertainties surrounding the obligation. Provisions are discounted when the time value of money is material.
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.
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Hire purchase and leasing commitments
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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The average monthly number of employees, including directors, during the year was 1 (2025: 1).
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Page 5
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JORIK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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Freehold investment property
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Debtors: amounts falling due within one year
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Page 6
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JORIK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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Creditors: amounts falling due within one year
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Taxation and social security
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Included in other creditors is an amount of £11,387,446 (2025: £11,387,446) owed to a director of the company. This amount is unsecured, interest free and repayable on demand.
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Allotted, called up and fully paid
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85 Ordinary A shares of £1 each
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85 Ordinary B shares of £1 each
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10 Ordinary C shares of £1 each
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10 Ordinary D shares of £1 each
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10 Ordinary E shares of £1 each
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Retained
earnings
£
At 1 March 2025 1,210,320
Profit for the year 306,166
Dividends (Nil)
At 28 February 2026 1,516,486
The ultimate controlling party is P G Taylor.
Page 7
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