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REGISTERED NUMBER: 08185313 (England and Wales)












J2 INTERACTIVE SOLUTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






J2 INTERACTIVE SOLUTIONS LTD (REGISTERED NUMBER: 08185313)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J2 INTERACTIVE SOLUTIONS LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: L J La Rocca
M J Yalon





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 08185313 (England and Wales)





AUDITOR: Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

J2 INTERACTIVE SOLUTIONS LTD (REGISTERED NUMBER: 08185313)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,244 11,044

CURRENT ASSETS
Debtors 5 419,010 377,157
Cash at bank 442,464 266,613
861,474 643,770
CREDITORS
Amounts falling due within one year 6 (628,607 ) (918,694 )
NET CURRENT ASSETS/(LIABILITIES) 232,867 (274,924 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,111

(263,880

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 240,011 (263,980 )
SHAREHOLDERS' FUNDS 240,111 (263,880 )

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 Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





L J La Rocca - Director


J2 INTERACTIVE SOLUTIONS LTD (REGISTERED NUMBER: 08185313)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

J2 Interactive Solutions Ltd 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 represents the net invoiced sales of services, together with adjustments in respect of partially completed work not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 15 ) .

J2 INTERACTIVE SOLUTIONS LTD (REGISTERED NUMBER: 08185313)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 41,562
Additions 5,239
At 31 December 2023 46,801
DEPRECIATION
At 1 January 2023 30,518
Charge for year 9,039
At 31 December 2023 39,557
NET BOOK VALUE
At 31 December 2023 7,244
At 31 December 2022 11,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 373,879 224,078
Other debtors 3,425 911
Deferred tax 6,653 89,750
Prepayments and accrued income 35,053 62,418
419,010 377,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,257 14,063
Amounts owed to group undertakings 382,480 716,007
Tax 47,864 -
Social security and other taxes 64,912 68,712
VAT 61,357 82,914
Other creditors 2,331 3,818
Accrued expenses 67,406 33,180
628,607 918,694

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

J2 INTERACTIVE SOLUTIONS LTD (REGISTERED NUMBER: 08185313)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (263,980 )
Profit for the year 503,991
At 31 December 2023 240,011

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Lance Redman (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs Audit Ltd

Included in the audit report was the following paragraph with respect to going concern:-

"We draw attention to note 2 in the financial statements, which states that although the accounts have been prepared on the basis that the company will continue as a going concern for the foreseeable future, this presumption depends on the continuing support of the parent company, referred to in note 13, to enable the company to meet its liabilities as they fall due. This indicates that a material uncertainty exists which may cast significant doubt on the company's ability to continue as a going concern. The matter has been appropriately disclosed and our opinion is not modified in respect of this matter."

10. RELATED PARTY DISCLOSURES

During the year, the company made sales totalling £322,184 to its parent company, J2 Interactive LLC (2022: £410,731). During the year, expenses totalling £67,276 (2022: £82,076) were recharged to the company from J2 Interactive LLC and expenses totalling £188,580 (2022: £88,519) were recharged to the company from J2 Interactive DMCC.

At the year end, the company owed its parent company, J2 Interactive LLC, £372,580 (2022: £627,488) and the company owed £9,900 (2022: £88,519) to a fellow subsidiary J2 Interactive DMCC.

11. ULTIMATE CONTROLLING PARTY

The company is 100% owned by J2 Interactive LLC, a company incorporated in America and based in Charlestown, Massachusetts, USA.