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Registration number: 12503858

Engage Interactive Group Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 28 February 2023

 

Engage Interactive Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Engage Interactive Group Limited

(Registration number: 12503858)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

           

Fixed assets

   

 

Investments

4

 

3,618,010

 

3,618,010

Creditors: Amounts falling due within one year

5

 

-

 

(419,495)

Net assets

   

3,618,010

 

3,198,515

Capital and reserves

   

 

Called up share capital

70

 

70

 

Share premium reserve

2,340,435

 

2,340,435

 

Profit and loss account

1,277,505

 

858,010

 

Total equity

   

3,618,010

 

3,198,515

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 27 November 2023
 

.........................................
Mr A. Willcocks
Director

 

Engage Interactive Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
Munro House
Duke Street
Leeds
West Yorkshire
LS9 8AG
United Kingdom

These financial statements were authorised for issue by the director on 27 November 2023.

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.

The financial statements are presented in Sterling (£).

Group accounts not prepared

The Company, as a parent company of a small group, is not required to prepare group accounts by virtue of the exemption within s399 Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group..

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.

 

Engage Interactive Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2023

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 the director) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

3,618,010

3,618,010

Subsidiaries

£

Cost or valuation

At 1 March 2022

3,618,010

Provision

Carrying amount

At 28 February 2023

3,618,010

At 28 February 2022

3,618,010

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

-

419,495