Company registration number 03219540 (England and Wales)
JOHN JORDAN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
JOHN JORDAN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
JOHN JORDAN LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
87,229
-
0
Tangible assets
4
140,641
163,407
227,870
163,407
Current assets
Stocks
3,952,406
4,021,530
Debtors
6
272,807
364,095
Cash at bank and in hand
35,243
482,187
4,260,456
4,867,812
Creditors: amounts falling due within one year
7
(908,909)
(1,422,151)
Net current assets
3,351,547
3,445,661
Total assets less current liabilities
3,579,417
3,609,068
Creditors: amounts falling due after more than one year
8
-
0
(1,852)
Provisions for liabilities
(23,022)
(35,893)
Net assets
3,556,395
3,571,323
Capital and reserves
Called up share capital
9
50,000
50,000
Profit and loss reserves
3,506,395
3,521,323
Total equity
3,556,395
3,571,323
JOHN JORDAN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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 and signed by the director and authorised for issue on 19 August 2026
Mr M R Gray
Director
Company Registration No. 03219540
JOHN JORDAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

John Jordan Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1a Toll Bar Estate, Sedbergh, LA10 5HA.

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.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Subsequent to the year end, the true c ompany participated in a corporate demerger and group reorganisation, resulting in the transfer of the majority of its inventory and certain significant fixed assets to another group company. Following the transaction, the c ompany continues to trade, albeit on a reduced scale and with a more focused range of activities.

The directors are satisfied that the c ompany has adequate financial resources to continue in operational existence for the foreseeable future. The c ompany remains solvent, maintains a strong cash position and is expected to meet its liabilities as they fall due.

Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis and have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the c ompany's ability to continue as a going concern.

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Sales are recognised on the date of invoice.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Other Intangible Assets
20% Straight Line / 50% Straight Line
Goodwill
10% Straight Line
JOHN JORDAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold
10% Straight Line / 33% Straight Line
Plant and machinery
25% Straight Line
Fixtures, fittings & equipment
20% Straight Line
Motor vehicles
25% Reducing Balance

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.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stock. Net realisable value is calculated from selling price less any anticipated costs to complete and selling costs.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

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.

JOHN JORDAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.11
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 profit and loss account 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.

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.

1.12
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.

1.13
Retirement benefits

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

1.14
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

JOHN JORDAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
27
25
3
Intangible fixed assets
Goodwill
Other Intangible Assets
Total
£
£
£
Cost
At 1 December 2024
30,000
3,063
33,063
Additions
-
0
109,804
109,804
At 30 November 2025
30,000
112,867
142,867
Amortisation and impairment
At 1 December 2024
30,000
3,063
33,063
Amortisation charged for the year
-
0
22,575
22,575
At 30 November 2025
30,000
25,638
55,638
Carrying amount
At 30 November 2025
-
0
87,229
87,229
At 30 November 2024
-
0
-
0
-
0
JOHN JORDAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
4
Tangible fixed assets
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2024
76,152
138,119
396,539
247,461
858,271
Additions
33,583
4,630
-
0
-
0
38,213
Disposals
-
0
-
0
-
0
(18,995)
(18,995)
At 30 November 2025
109,735
142,749
396,539
228,466
877,489
Depreciation and impairment
At 1 December 2024
29,344
128,873
364,422
172,225
694,864
Depreciation charged in the year
9,021
5,364
27,644
18,761
60,790
Eliminated in respect of disposals
-
0
-
0
-
0
(18,806)
(18,806)
At 30 November 2025
38,365
134,237
392,066
172,180
736,848
Carrying amount
At 30 November 2025
71,370
8,512
4,473
56,286
140,641
At 30 November 2024
46,808
9,246
32,117
75,236
163,407
5
Financial instruments
2025
2024
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
19
2,931
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
196,906
286,719
Amounts owed by group undertakings
2,895
-
0
Other debtors
73,006
77,376
272,807
364,095
JOHN JORDAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
484,483
304,707
Amounts due to group undertakings
-
0
564,045
Taxation and social security
258,600
303,036
Other creditors
165,826
250,363
908,909
1,422,151

Included within other creditors is £nil (2024: £9,025) of obligations under hire purchase contracts which are secured over the assets included in the agreements.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
1,852

Included within other creditors is £nil (2024: £1,852) of obligations under hire purchase contracts which are secured over the assets included in the agreements.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
50,000
50,000
50,000
50,000
10
Financial commitments, guarantees and contingent liabilities

The company is party to a cross guarantee with its parent, Cornerstone 2026 Limited (Gratton Holdings Limited), whereby it has guaranteed the borrowings of John Jordan Limited, placing a fixed and floating charge over the property of the parent. At the financial year end these borrowings amounted to £nil (2024: £nil).

JOHN JORDAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 9 -
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within one year
48,000
44,000
Between two and five years
48,000
-
0
96,000
44,000
12
Events after the reporting date

In March 2026, following the year end, the c ompany participated in a corporate demerger and group reorganisation. As part of this transaction, the majority of the c ompany's inventory and significant fixed assets were transferred to a newly incorporated trading company within a new group structure. Subsequently, the shares in the new group were sold to an unconnected third party. The transaction represents a significant non-adjusting event occurring after the reporting date and therefore no adjustment has been made to the amounts recognised in these financial statements.

13
Related party transactions

In accordance with section 33.1A of FRS102, as a wholly owned subsidiary company, John Jordan Limited was not required to disclose transactions with its parent company, Cornerstone 2026 Limited (formerly Gratton Holdings Limited) during the year.

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