REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
CAPTIVATE GROUP LIMITED |
REGISTERED NUMBER: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
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 |
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 |
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 |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2023 |
Impairments | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
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 |
Direct | Indirect |
Communicator London Limited | UK | Advertising agency | Ordinary | 100 |
Reform The Fold Limited | UK | Advertising agency | Ordinary | 78 |
Seen Connects Limited | UK | Advertising agency | Ordinary | 60 |
Seen Studios Limited | UK | Advertising agency | Ordinary | 32 | 45 |
Seen Presents Limited | UK | Advertising agency | Ordinary | 95 |
Stir Public Relations Limited | UK | Advertising agency | Ordinary | 85 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
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. |