REGISTERED NUMBER: 01763120 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2025

for

Reddington Jordan Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Scullion

REGISTERED OFFICE:

Unit 3c

Deacon Estate, Forstal Road

Aylesford

Maidstone

Kent

ME20 7SP

REGISTERED NUMBER:

01763120 (England and Wales)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

36,823

45,294

36,823

45,294

CURRENT ASSETS

Stocks

75,290

55,830

Debtors

6

124,788

347,797

Cash at bank

2,654

1,155

202,732

404,782

CREDITORS

Amounts falling due within one year

7

2,925,653

2,918,936

NET CURRENT LIABILITIES

(2,722,921

)

(2,514,154

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,686,098

)

(2,468,860

)

CAPITAL AND RESERVES

Called up share capital

292,500

292,500

Retained earnings

(2,978,598

)

(2,761,360

)

(2,686,098

)

(2,468,860

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 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 Sections 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2026 and were signed by:

R Scullion - Director

1.	STATUTORY INFORMATION

Reddington Jordan 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

Basis of preparing the 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

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.

Going concern

On 20 December 2023, the company entered into a five-year Company Voluntary Agreement (CVA). If the CVA successfully completes in December 2028, approximately £1.7 million of the company's liabilities will be written off. However, if the CVA fails at any point in time, the CVA liabilities will be due immediately in full. Therefore, these liabilities are included in full within the amounts due within one year in the financial statements. The Director is off the opinion that the company can return to profit following a significant cost cutting exercise. On this basis, the director considers that the company will be able to pay its obligations as they fall due and therefore, it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the facilities were removed or the CVA failed and the director could not obtain adequate replacement finance.

Staff costs

During the year the Company undertook a restructuring programme as part of management's strategy to improve profitability and cash flow. As a result, redundancy costs of £62,500 (2024:NIL) were incurred and recognised within wages and salaries. The Directors believe that the restructuring will contribute to the future financial stability of the Company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

77,810

AMORTISATION

At 1 January 2025

and 31 December 2025

77,810

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

45,780

261,428

307,208

Additions

-

2,700

2,700

At 31 December 2025

45,780

264,128

309,908

DEPRECIATION

At 1 January 2025

14,477

247,437

261,914

Charge for year

4,861

6,310

11,171

At 31 December 2025

19,338

253,747

273,085

NET BOOK VALUE

At 31 December 2025

26,442

10,381

36,823

At 31 December 2024

31,303

13,991

45,294

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

(8,760

)

135,633

Other debtors

133,548

212,164

124,788

347,797

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts

11,729

7,932

Trade creditors

341,199

396,560

Amounts owed to group undertakings

1,857,268

1,614,619

Taxation and social security

663,146

712,704

Other creditors

52,311

187,121

2,925,653

2,918,936

Amounts owed to group undertakings, not covered by the CVA, are unsecured, interest free and repayable on demand. On 2 August 2023 a floating charge was registered over the present and future inventory of Reddington Jordan Limited. Included within the creditors above is £2.1 Million in relation to amounts which form part of the Company Voluntary Arrangement (CVA). If the CVA completes successfully in December 2028, approximately £1.7 million of the company's liabilities will be written off.

8.	RELATED PARTY DISCLOSURES

There are no transactions with related parties that are required to be disclosed under FRS 102 Section 1A.