IRIS Accounts Production v24.2.0.383 04332471 Board of Directors 1.1.23 31.12.23 31.12.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043324712022-12-31043324712023-12-31043324712023-01-012023-12-31043324712021-12-31043324712022-01-012022-12-31043324712022-12-3104332471ns15:EnglandWales2023-01-012023-12-3104332471ns14:PoundSterling2023-01-012023-12-3104332471ns10:Director12023-01-012023-12-3104332471ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104332471ns10:SmallEntities2023-01-012023-12-3104332471ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104332471ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104332471ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104332471ns10:FullAccounts2023-01-012023-12-3104332471ns5:CurrentFinancialInstruments2023-12-3104332471ns5:CurrentFinancialInstruments2022-12-3104332471ns5:ShareCapital2023-12-3104332471ns5:ShareCapital2022-12-3104332471ns5:SharePremium2023-12-3104332471ns5:SharePremium2022-12-3104332471ns5:CapitalRedemptionReserve2023-12-3104332471ns5:CapitalRedemptionReserve2022-12-3104332471ns5:RetainedEarningsAccumulatedLosses2023-12-3104332471ns5:RetainedEarningsAccumulatedLosses2022-12-3104332471ns10:RegisteredOffice2023-01-012023-12-3104332471ns5:FurnitureFittings2023-01-012023-12-3104332471ns5:ComputerEquipment2023-01-012023-12-3104332471ns5:FurnitureFittings2022-12-3104332471ns5:ComputerEquipment2022-12-3104332471ns5:FurnitureFittings2023-12-3104332471ns5:ComputerEquipment2023-12-3104332471ns5:FurnitureFittings2022-12-3104332471ns5:ComputerEquipment2022-12-3104332471ns5:CostValuation2022-12-3104332471ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3104332471ns5:CostValuation2023-12-3104332471ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104332471ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 04332471 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CAPTIVATE GROUP LIMITED

CAPTIVATE GROUP LIMITED (REGISTERED NUMBER: 04332471)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


CAPTIVATE GROUP LIMITED (REGISTERED NUMBER: 04332471)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,064 11,035
Investments 5 627,129 627,292
634,193 638,327

CURRENT ASSETS
Debtors 6 461,469 622,479
Cash at bank 1,064,185 1,490,759
1,525,654 2,113,238
CREDITORS
Amounts falling due within one year 7 213,438 256,253
NET CURRENT ASSETS 1,312,216 1,856,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,946,409

2,495,312

PROVISIONS FOR LIABILITIES 668 1,148
NET ASSETS 1,945,741 2,494,164

CAPITAL AND RESERVES
Called up share capital 665 665
Share premium 124,600 124,600
Capital redemption reserve 396 396
Retained earnings 1,820,080 2,368,503
1,945,741 2,494,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CAPTIVATE GROUP LIMITED (REGISTERED NUMBER: 04332471)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





A J Southcott - Director


CAPTIVATE GROUP LIMITED (REGISTERED NUMBER: 04332471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Captivate Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04332471

Registered office: Units E, F, G
Ground Floor, Zetland House
5-25 Scrutton Street
London
EC2A 4HJ

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

CAPTIVATE GROUP LIMITED (REGISTERED NUMBER: 04332471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 4,263 12,989 17,252
Additions 1,320 246 1,566
Disposals (4,263 ) (2,016 ) (6,279 )
At 31 December 2023 1,320 11,219 12,539
DEPRECIATION
At 1 January 2023 2,647 3,570 6,217
Charge for year 440 2,727 3,167
Eliminated on disposal (2,785 ) (1,124 ) (3,909 )
At 31 December 2023 302 5,173 5,475
NET BOOK VALUE
At 31 December 2023 1,018 6,046 7,064
At 31 December 2022 1,616 9,419 11,035

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 627,292
Impairments (163 )
At 31 December 2023 627,129
NET BOOK VALUE
At 31 December 2023 627,129
At 31 December 2022 627,292

CAPTIVATE GROUP LIMITED (REGISTERED NUMBER: 04332471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Name of undertaking and country
of incorporation or residency




Nature of business
Class of
share
holding


% held


% held
DirectIndirect

Communicator London LimitedUKAdvertising agencyOrdinary100
Reform The Fold LimitedUKAdvertising agencyOrdinary78
Seen Connects LimitedUKAdvertising agencyOrdinary60
Seen Studios LimitedUKAdvertising agencyOrdinary3245
Seen Presents LimitedUKAdvertising agencyOrdinary95
Stir Public Relations LimitedUKAdvertising agencyOrdinary85

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 317,925 408,059
Amounts owed by group undertakings 140,067 157,147
Other debtors 3,477 57,273
461,469 622,479

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,752 61,671
Amounts owed to group undertakings 202 21,429
Taxation and social security 172,617 130,717
Other creditors 30,867 42,436
213,438 256,253

CAPTIVATE GROUP LIMITED (REGISTERED NUMBER: 04332471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RELATED PARTY DISCLOSURES

During the year, the company received income of £nil (2022: £110,299) and incurred expenses of £41 (2022: £132,203) from Communicator London Limited, a company with common directorship. At the year end the company was owed £nil (2022: £363,220) from the connected company. During the year, a balance of £413,884 owing from the connected company was written off. The connected company was dissolved on 26 January 2024; after the balance sheet date but before these accounts were approved.

During the year, the company received income of £nil (2022: £300,939), incurred expenses of £5,338 (2022: £30,471) and received dividends of £nil (2022: £495,000) from Seen Connects Limited, a subsidiary company. At the year end the company owed £202 (2022: £1,559 was owed from) to the subsidiary company.

During the year, the company received income of £nil (2022: £152,672), incurred expenses of £nil (2022: £35,307) and received dividends of £nil (2022: £192,333) from Stir Public Relations Limited, a subsidiary company. At the year end the company was owed £138,246 (2022: £21,429 was owed to) from the subsidiary company.

During the year, the company received income of £nil (2022: £25,328) and incurred expenses of £nil (2022: £17,108) from Reform The Fold Limited, a subsidiary company. At the year end the company was owed £nil (2022: £40,421) from the subsidiary company. During the year, the balance of £40,421 owing from the connected company was written off. The connected company was dissolved on 6 February 2024; after the balance sheet date but before these accounts were approved.

During the year, the company received income of £nil (2022: £297,252), incurred expenses of £nil (2022: £51,945) and received dividends of £89,697 (2022: £182,959) from Seen Studios Limited, a subsidiary company. At the year end the company was owed £1,821 (2022: £1,946) from the subsidiary company.

During the year, the company received dividends of £154,283 (2022: £290,282) from Seen Presents Limited, a subsidiary of the company.

During the year, the company incurred expenses of £3,984 (2022: £nil) from Seen Live Limited, a company with common ownership. At the year end the company was owed £317,925 (2022: £334,205) from the connected company. At the year end the company owed £nil (2022: £52,254) to the connected company.

9. ULTIMATE CONTROLLING PARTY

The company has no parent company and no controlling entity.