SEEN STUDIOS LIMITED

Company Registration Number:
08361814 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

SEEN STUDIOS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

SEEN STUDIOS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 69,534 44,160
Total fixed assets: 69,534 44,160
Current assets
Debtors:   1,114,892 1,612,871
Cash at bank and in hand: 690,104 790,076
Total current assets: 1,804,996 2,402,947
Creditors: amounts falling due within one year:   (647,748) (1,490,995)
Net current assets (liabilities): 1,157,248 911,952
Total assets less current liabilities: 1,226,782 956,112
Total net assets (liabilities): 1,226,782 956,112
Capital and reserves
Called up share capital: 316 316
Profit and loss account: 1,226,466 955,796
Shareholders funds: 1,226,782 956,112

The notes form part of these financial statements

SEEN STUDIOS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: Andrew Southcott
Status: Director

The notes form part of these financial statements

SEEN STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SEEN STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 31 24

SEEN STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 58,832
Additions 48,388
At 31 December 2023 107,220
Depreciation
At 01 January 2023 14,672
Charge for year 23,014
At 31 December 2023 37,686
Net book value
At 31 December 2023 69,534
At 31 December 2022 44,160

SEEN STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

Name of the related party: Captivate Group Limited
Relationship:
Parent Company
Description of the Transaction: Captivate Group Limited invoiced £nil (2022: £598,198) to Seen Studios Limited a subsidiary, for rents, rates, central services and senior management time.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 0
Name of the related party: Captivate Group Limited
Relationship:
Parent Company
Description of the Transaction: Captivate Group Limited made purchases of £nil (2022: £51,945)
£
Balance at 01 January 2023 0
Balance at 31 December 2023 0
Name of the related party: Captivate Group Limited
Relationship:
Parent Company
Description of the Transaction: During the year Captivate Group received dividends of £89,697 (2022: £182,959) from Seen Studios Limited.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 89,697
Name of the related party: Seen Presents Limited
Relationship:
Parent Company
Description of the Transaction: During the year, Seen Presents Limited received dividends of £134,573 (2022: £274,438)
£
Balance at 01 January 2023 0
Balance at 31 December 2023 134,573
Name of the related party: Captivate Group Limited
Relationship:
Parent Company
Description of the Transaction: At the year end Captivate Group Limited was owed £1,821 (2022: £1,946)
£
Balance at 01 January 2023 1,946
Balance at 31 December 2023 1,821