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Registration number: 03504676

Four J's Development Tools Ltd

Annual Report and Financial Statements

for the Year Ended 31 December 2023

 

Four J's Development Tools Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Four J's Development Tools Ltd

Company Information

Directors

Mr B Jenkins

Mr J Ulsted

Mr B Beattie

Registered office

Unit 12
Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

Auditors

Fuller & Roper Limited
Unit 12 Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

 

Four J's Development Tools Ltd

(Registration number: 03504676)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

-

-

Current assets

 

Debtors

5

100

44,338

Cash at bank and in hand

 

-

2,707

 

100

47,045

Creditors: Amounts falling due within one year

6

-

(917)

Net current assets

 

100

46,128

Net assets

 

100

46,128

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

-

46,028

Shareholders' funds

 

100

46,128

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 February 2024 and signed on its behalf by:
 

.........................................
Mr B Jenkins
Director

 

Four J's Development Tools Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

Four J’s Development Tools Ltd is a private company, limited by shares, domiciled in England and Wales. The company’s registration number is 03504676. The registered office is Unit 12 Old Mills Industrial Estate, Paulton, Bristol, BS39 7SU. The principal place of business is the registered office.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

The financial statements have not been prepared on a going concern basis as the directors intend to close the company in the next 12 months.

Audit report

The Independent Auditor's Report was unqualified.

Emphasis of matter - basis of preparation
We draw attention to Note 2 to the financial statements which explains that the directors intend to dissolve the company and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

The name of the Senior Statutory Auditor who signed the audit report on 28 February 2024 was Simon Roper, who signed for and on behalf of Fuller & Roper Limited.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Four J's Development Tools Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investments

During the year the company transferred its MXN1 shareholding in Four J's Development Tools Latinoamerica S.A. de C.V., a company incorporated in Mexico, to another group company at cost.

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings

9

-

44,338

Other debtors

 

100

-

 

100

44,338

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

-

917

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Four J's Development Tools Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

8

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £445.01 (2022 - £Nil) per each Ordinary share

 

44,501

 

-

         

During the year the company declared an interim dividend of £44,501 (2022 - £Nil) satisfied by the assignment of the benefit of an intercompany receivable to the immediate parent company.

9

Related party transactions

The company has taken advantage of the exemption under FRS 102 section 33.1A as a qualifying entity from disclosing related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is a wholly owned member of that group.

10

Parent and ultimate parent undertaking

The company's immediate parent is Four J's Development Tools Holding S.A., incorporated in Luxembourg.

 The ultimate parent is Constellation Software Inc, incorporated in Canada.