Registered number
04395008
R D Jones (Management Consultants) Limited
Report and Accounts
31 July 2023
R D Jones (Management Consultants) Limited
Company Information
Directors
R D Jones
Y Jones
Auditors
Begbies
9 Bonhill Street
LONDON
EC2A 4DJ
Registered office
BG Group Office
7 Brundon Lane
Sudbury
Suffolk
CO10 1XR
Registered number
04395008
R D Jones (Management Consultants) Limited
Registered number: 04395008
Directors' Report
The directors present their report and accounts for the period ended 31 July 2023.
Principal activity
The principal activity of the company is that of management consultants.
Trading
No trading was carried out for the period ended 31 July 2023.
Directors
The following persons served as directors during the period:
R D Jones
Y Jones
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as each director is aware, there is no relevant audit information of which the company's auditor is unaware; and
the directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 16 July 2024 and signed by its order.
R D Jones
Secretary
R D Jones (Management Consultants) Limited
Independent auditor's report
to the members of R D Jones (Management Consultants) Limited
Opinion
We have audited the accounts of R D Jones (Management Consultants) Limited for the period ended 31 July 2023 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 July 2023 and of its profit for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis of opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the directors’ report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the directors’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is dependant upon the effectiveness of management controls and the nature, timing and extent of the audit procedures carried out, which included:
Auditing the risk of management override of controls ; Enquiries of those charged with governance; Reviewing disclosures in the accounts; Validating inter group balances.
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Christopher Pexton FCA
(Senior Statutory Auditor)
for and on behalf of 9 Bonhill Street
Begbies LONDON
Accountants and Statutory Auditors EC2A 4DJ
16 July 2024
R D Jones (Management Consultants) Limited
Profit and Loss Account
for the period from 1 December 2022 to 31 July 2023
2023 2022
£ £
Dividend from subsidiary company 600,000 -
Profit for the period 600,000 -
R D Jones (Management Consultants) Limited
Registered number: 04395008
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 28,801 28,801
Creditors: amounts falling due within one year 4 (28,701) (28,701)
Net current liabilities (28,701) (28,701)
Net assets 100 100
Capital and reserves
Called up share capital 100 100
Shareholders' funds 100 100
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
R D Jones
Director
Approved by the board on 16 July 2024
R D Jones (Management Consultants) Limited
Statement of Changes in Equity
for the period from 1 December 2022 to 31 July 2023
Share Profit Total
capital and loss
account
£ £ £
At 1 December 2021 100 - 100
Profit for the financial year - - -
Dividends - - -
At 30 November 2022 100 - 100
At 1 December 2022 100 - 100
Profit for the period - 600,000 600,000
Dividends - (600,000) (600,000)
At 31 July 2023 100 - 100
R D Jones (Management Consultants) Limited
Notes to the Accounts
for the period from 1 December 2022 to 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Group accounts
The company is exempt from the requirement to prepare group accounts. These accounts therefore present information about the company as an individual undertaking and not about its group.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary
Fixed asset investments undertakings
£
Cost
At 1 December 2022 28,801
At 31 July 2023 28,801
Historical cost
At 1 December 2022 28,801
At 31 July 2023 28,801
3 Investments (continued)
Subsidiary undertaking
The company has one subsidiary which is registered in England, and which makes up its accounts to the same date as this company. Group accounts have not been prepared because the group is small and entitled to the exemption applicable to such groups.
Details of the subsidiary are as follows:
Issued share Percentage Book value
capital (all in interest of of holding
ordinary shares this
of £1 each) company
£ £
BG Packaging Limited 100 100% 28,801
The registered address of the subsidiary is the same as the company.
Results of subsidiary for the period ending 31 July 2023
2023 2022
£ £
BG Packaging Limited
Profit after Taxation 485,478 828,711
Aggregate value of capital and reserves 3,334,652 3,449,174
4 Creditors: amounts falling due within one year 2023 2022
£ £
Loans 28,701 28,701
5 Controlling party
The company's parent undertaking at the balance sheet date was Forbi Pi Limited, a company incorporated in Jersey. The Ultimate Controlling Party is R D Jones .
6 Other information
R D Jones (Management Consultants) Limited is a private company limited by shares and incorporated in England. Its registered office is:
BG Group Office
7 Brundon Lane
Sudbury
Suffolk
CO10 1XR
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