| JACADA (EUROPE) LIMITED |
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| Notes to the financial statements - 30 April 2025 |
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COMPANY INFORMATION |
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| 1. |
Company Information |
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Jacada (Europe) Limited is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 5.2 Central House, 1 Ballards Lane, London, N3 1LQ. |
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The company is a wholly owned subsidiary of Uniphore Technologies Inc., a company registered in the USA. |
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| 2. |
Accounting Policies |
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| 2.1 |
Basis of preparation of financial statements |
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The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006. |
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The financial statements are presented in sterling (£). |
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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| 2.2 |
Financial instruments |
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The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments: |
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(i) Financial assets |
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Basic financial assets including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method and are assess for objective evidence of impairment at the end of each reporting period. |
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(ii) Financial liabilities |
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Basic financial liabilities including trade and other payable are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method. |
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| 2.2 |
Going concern |
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The company ceased selling to third parties, and in a process of closing it's business activities. No adjustments are needed from the going concern concept, as assets and liabilities are presented in line with accounting policies above. |
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| JACADA (EUROPE) LIMITED |
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| Notes to the financial statements - 30 April 2025 |
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| 2. |
Accounting Policies (continued) |
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| 2.3 |
Group Accounts |
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The company and its subsidiary comprise a small group. The company therefore has taken the advantage of the exemption provided by section 398 of the companies Act 2006 not to prepare group accounts. |
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| 2.4 |
Turnover and revenue recognition |
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Turnover is the amount derived from ordinary activities and represents net invoiced value of software and related services excluding VAT. |
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Revenue from software licences agreements are recognized upon the delivery of the software when collections are probable; the licence fees is otherwise fixed or determinable: no significant obligation with regard to implementation remains; and persuasive evidence that an arrangement exists. Revenues from maintenance arrangements are deferred and recognized on a straight-line basis over the life of the related agreement, which is typically one year. |
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| 2.5 |
Investment in subsidiary |
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Investment in subsidiary company is presented at cost less accumulated impairment losses. |
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| 2.6 |
Debtors |
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Short term debtors that includes trade and other receivables are measured at transaction price, less any impairment. |
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| 2.7 |
Creditors |
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Basic financial liabilities including trade and other payable, bank loans, loans from group companies are measured at transaction price. |
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Long term loan advanced by group companies is measured at present value, discounted at a market rate of interest. |
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| JACADA (EUROPE) LIMITED |
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| Notes to the financial statements - 30 April 2025 |
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| 2. |
Accounting Policies (continued) |
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| 2.8 |
Current & deferred taxation |
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Deferred taxation is provided using the liability method to take into account timing from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future. |
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Provision for deferred taxation is set off against debit balance of deferred taxation. |
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The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income. |
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| 2.9 |
Foreign currencies |
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Monetary assets and liabilities in foreign currencies are translated into Sterling at the rate of exchange ruling at the Balance Sheet date. |
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Non monetary items are translated into sterling at the actual rate ruling on the date of the transaction. |
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Foreign currency transactions relating to income and expenditure are translated into sterling at the rate of exchange ruling on the date of the transaction. |
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Exchange rate differences are recognised in profit or loss in the period which they arise. |
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| 2.10 |
Employee benefits |
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The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans. |
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(i) Short term benefits |
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Short term benefits, including holiday pay and other similar non-monetary benefits are |
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recognised as an expense in the period in which the service is received. |
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(ii) Defined contribution pension plans |
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The company operated a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. |
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| JACADA (EUROPE) LIMITED |
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| Notes to the financial statements - 30 April 2025 |
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| 2. |
Accounting Policies (continued) |
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| 2.10 |
Employee benefits (continued) |
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(iii) Bonus plan |
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The company operates annual bonus plan for employees and expense is recognised in the profit and loss account when the company has a legal or constructive obligation to make payment under the plan as a result of passed events and reliable estimation of the obligation can be made. |
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(iv) Share based payments |
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The company participates in a share-based payment arrangement established by the ultimate parent company. The company recognises the share-based payment expenses based on the specific cost that is relating to the company participating employees. The corresponding credit is recognised as a component of equity. |
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| 3. |
Employee information |
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2025 |
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2024 |
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£ |
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£ |
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The average number of employees during the year was |
0 |
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14 |
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No remunerations paid to the director during the above 2 years. |
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| 4. |
Fixed Assets Investment |
30.04.2025 |
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30.4.2024 |
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£ |
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£ |
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Cost as at 1.5.24 and 30.4.25 |
1 |
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1 |
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Fixed assets investment comprises the cost of the acquisition of the whole of the ordinary share of Jacada Deutschland GmbH, a foreign company registered in Germany, who is acting as a distributor of the software product developed by the parent company. |
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| 5. |
Debtors |
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30.04.2025 |
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30.4.2024 |
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£ |
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£ |
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VAT |
3,614 |
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0 |
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Group companies |
1,165,711 |
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1,221,606 |
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Prepayments and accrued income |
296 |
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14,297 |
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Deferred tax (Note 6) |
- |
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16,871 |
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1,169,621 |
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1,252,774 |
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| JACADA (EUROPE) LIMITED |
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| Notes to the financial statements - 30 April 2025 |
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| 8. |
Share Capital |
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30.04.2025 |
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30.4.2024 |
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£ |
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£ |
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Allotted, called up and fully paid: |
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2 Ordinary shares of £1 each |
2 |
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2 |
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| 9. |
Financial commitment |
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As at 30.04.25 and 30.4.24 the company did not have any financial commitments. |
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| 10. |
Related party transactions: |
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Control: |
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The company is a wholly owned subsidiary of Uniphore Technologies Inc, a company incorporated in Delaware, USA. |
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Uniphore Technologies Inc is the smallest and largest group to prepare consolidated accounts that can be obtained from its registered office. |
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Transaction: |
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The company is exempt from disclosing transactions with related parties that are wholly owned within the same group in accordance with FRS 102 Section 33(1)A. |
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| 11. |
Audit report information |
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As the income statement has been omitted from the filing of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444 (5B) of the Companies Act 2006. The auditor's report was unqualified. |
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The senior statutory auditor was Mr. Ran Shahmoon. |
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The auditor was Shahmoon & Co. |
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Date auditor signed accounts: 27 April 2026 |
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Name of director signing accounts: S. Berthier |
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Date director signed accounts: 27 April 2026 |