A downhole tool which includes a locking bar to allow movement of a sleeve within the tool over a pre-defined range. The range is defined by a recess arranged axially or circumferentially in the tool, in which the bar locates. Fluid can be vented from the recess to provide a hydraulic brake, to prevent premature shearing of any shear pins in the tool. A stabiliser, jetting and circulating tool is described including the locking bar together with applications when incorporated in a bottom hole assembly. The tool allows multiple operations to be performed on a single trip.