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REGISTERED NUMBER: 07196537 (England and Wales)











CT GROUP (UK) TRADING LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Strategic Report 2 to 3

Report of the Directors 4 to 5

Report of the Independent Auditor 6 to 7

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12 to 22


CT GROUP (UK) TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Sir Lynton K Crosby AO
S D Muncer
J G de Jager





REGISTERED OFFICE: One Strand
Trafalgar Square
London
WC2N 5EJ





REGISTERED NUMBER: 07196537 (England and Wales)





AUDITOR: Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

STRATEGIC REPORT
FOR THE YEAR ENDED 30TH JUNE 2024


The directors present their strategic report for the year ended 30th June 2024.

CT Group (UK) trading is a global consultancy that uniquely combines research, intelligence, campaigns and advisory services in order to deliver an unmatched level capability in campaign-led market research, strategic communications and programme execution.

The company delivers powerful, targeted and strategic advice, built on a rigorous approach to research, to senior decision-makers in business, capital markets, government, bureaucracy and the media.

The company leverages the insight into the fundamentals of effective corporate leadership and the power of values-based communication, acquired from multiple projects over more than 10 years, to ensure that its clients achieve their most important goals.

The company prides itself on its ability to attract, integrate and support outstanding individual talent and teams. It has an established track record of growth, supported by a dynamic and flexible corporate structure. The outstanding quality of the teams supporting each other provides a firm foundation for future growth.

The company's success at building relationships at the highest level of national and global organisations and securing the position of trusted and respected counsel in the most demanding situations, continues to set it apart from other advisers in its field.

REVIEW OF BUSINESS
In the current financial year, revenue was £34.7m (2023 - £20.8m), an increase of 66.4% on the prior year principally as a result of a restructure of the Group's operations which was completed in 2023. Operating profit was £3.7m (2023 - £2.4m), an increase of 56.0%. The operational structure of the business was changed in January 2023 such that all client delivery was aligned around four practice areas: Research, Intelligence, Campaigns and Advice, operating from a single statutory entity. All business entered into in the UK after this date has been conducted through CT Group (UK) Trading Limited, with all employees of CT Group companies in the UK being transferred at that date.

The Directors are confident that the Company's business model and strategy continues to equip the Company to deliver future growth.


CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

STRATEGIC REPORT
FOR THE YEAR ENDED 30TH JUNE 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The directors have considered the company's exposure to the following risks and the policies put in place to mitigate these risks.

Reputational risk
The business often operates on high profile assignments and consequently there is a risk to the company's reputation that could result in lost revenues and profits or destruction of shareholder value, as a consequence to adverse publicity triggered by the exposure to media attention from either directors or clients of the group. The company manages this risk through performing anti-money laundering and other checks on its clients and potential clients, before accepting engagements.

People risk
The company is dependent upon the ability of its staff to provide expert consultancy and therefore considerable emphasis is placed on the recruitment and retention of staff. In terms of the risk that losing a key director poses to the company, there is a succession plan in place which is regularly reviewed alongside robust training of replacements.

Credit risk
This relates to the recovery of amounts owed by trade debtors and to manage this risk the aged debtors reports are reviewed regularly by the directors.The risk is not considered significant at the balance sheet date.

Foreign exchange risk
The company endeavours to bill customers in subsidiaries' local currency to minimise exposure to exchange rate movement.

ON BEHALF OF THE BOARD:





S D Muncer - Director


11th December 2024

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30TH JUNE 2024


The directors present their report with the financial statements of the company for the year ended 30th June 2024.

DIVIDENDS
The total distribution of dividends for the year ended 30th June 2024 will be £550,000 (2023:£13,700,000).

DIRECTORS
The directors shown below have held office during the whole of the period from 1st July 2023 to the date of this report.

Sir Lynton K Crosby AO
S D Muncer

Other changes in directors holding office are as follows:

S Lyon - resigned 24th November 2023
J G de Jager - appointed 24th November 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. Under company law the directors must not approve the financial statements unless satisfied that they give a true and fair view of the state of affairs of the company and group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

· select suitable accounting policies and then apply them consistently;

· make judgements and estimates that are reasonable and prudent;

· state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

· prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company or group will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITOR
All of the current directors have taken all the steps that they ought to have taken to make themselves aware of any information needed by the company's auditor for the purpose of their audit and to establish that the auditor is aware of that information. The directors are not aware of any relevant audit information of which the auditor is unaware.

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30TH JUNE 2024


AUDITOR
The auditor, Crowe U.K. LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





S D Muncer - Director


11th December 2024

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)


Opinion
We have audited the financial statements of CT Group (UK) Trading Limited (the "Company") for the year ended 30 June 2024 which comprise the Income statement, Balance Sheet, Statement of changes in equity and Notes to Financial Statement, including a summary of the significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

- give a true and fair view of the state of the Company's affairs as at 30 June 2024 and of the its profit for the period for the year then ended.
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the
Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)


Opinions on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit

- the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which I am required to report by exception
In light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

" adequate accounting records have not been kept by the Company, or returns adequate for our audit have not been received from branches not visited by us; or
" the financial statements are not in agreement with the accounting records and returns; or
" certain disclosures of directors' remuneration specified by law are not made; or
" we have not received all the information and explanations we require for our audit; or

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of my report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stephen Bullock (Senior Statutory Auditor)
for and on behalf of Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW

11th December 2024

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

INCOME STATEMENT
FOR THE YEAR ENDED 30TH JUNE 2024

2024 2023
Notes £    £    £    £   

TURNOVER 4 34,698,456 20,849,488

Cost of sales 20,541,764 13,523,244
GROSS PROFIT 14,156,692 7,326,244

Administrative expenses 10,427,725 4,935,809
OPERATING PROFIT 6 3,728,967 2,390,435

Income from shares in group
undertakings

-

2,859,658
Interest receivable and similar income 1,732 8,273
1,732 2,867,931
3,730,699 5,258,366

Interest payable and similar expenses 7 34,176 -
PROFIT BEFORE TAXATION 3,696,523 5,258,366

Tax on profit 8 1,003,529 540,485
PROFIT FOR THE FINANCIAL YEAR 2,692,994 4,717,881

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30TH JUNE 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 2,692,994 4,717,881


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

2,692,994

4,717,881

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 653,553 70,609
Investments 11 2,614 2,614
656,167 73,223

CURRENT ASSETS
Debtors 12 18,922,104 11,848,341
Cash at bank and in hand 1,430,522 531,788
20,352,626 12,380,129
CREDITORS
Amounts falling due within one year 13 17,708,262 11,674,395
NET CURRENT ASSETS 2,644,364 705,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,300,531

778,957

CREDITORS
Amounts falling due after more than
one year

14

(236,111

)

-

PROVISIONS FOR LIABILITIES 18 (142,469 ) -
NET ASSETS 2,921,951 778,957

CAPITAL AND RESERVES
Called up share capital 19 3 3
Retained earnings 2,921,948 778,954
SHAREHOLDERS' FUNDS 2,921,951 778,957

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





S D Muncer - Director


CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30TH JUNE 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1st July 2022 3 9,761,073 9,761,076

Changes in equity
Dividends - (13,700,000 ) (13,700,000 )
Total comprehensive income - 4,717,881 4,717,881
Balance at 30th June 2023 3 778,954 778,957

Changes in equity
Dividends - (550,000 ) (550,000 )
Total comprehensive income - 2,692,994 2,692,994
Balance at 30th June 2024 3 2,921,948 2,921,951

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

CT Group (UK) Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The preparation of the financial statements requires the use of certain critical accounting estimates (see note 3).

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv),
11.48(b) and 11.48(c);
the requirement of paragraph 33.7.

Preparation of consolidated financial statements
The financial statements contain information about CT Group (UK) Trading Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its ultimate parent, CT Group Holdings Ltd, One Strand, Trafalgar Square, London WC2N 5EJ.

Turnover
Turnover are either monthly retainers or fixed fee projects which are recognised over the contract life or in line with the delivery of the projects.. Amounts invoiced in advance at the year-end are recognised as deferred income. Fees that are contingent on the occurrence of a future event that is outside the control of the company are recognised on the occurrence of that event.

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold property - 20% on cost
Furniture, fixtures and equipment - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and accumulated impairment losses. Historical cost includes expenditure that is directly attributable in bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value and are recognised within 'administrative expenses' in the income statement.

Investments in subsidiaries
Investments are reviewed for impairment when events indicate the carrying amount may not be recoverable and are accounted for at cost. There exists an associate, Research Interactive Limited, which has not been equity accounted, as the company's share of the result is immaterial.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debtors are initially measured at transaction price (including transaction costs) and subsequently at cost less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
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.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In preparing these financial statements, the directors have had to make the following judgements:-

Revenue

Revenues are either monthly retainers or fixed fee projects which are recognised over the contract life or in line with the delivery of the projects. Where revenues are invoiced in advance they are recognised as deferred income within creditors.

Impairment of Trade Debtors

The recoverable value of trade debtors has been made on the basis of estimations and assumptions regarding their fair value. Likely impairment is calculated with reference to the age of trade debtor and management's understanding of likely recoverability, taking into account the history of the specific client. This provisioning is reviewed by management and compared to the firm's history of recovery to assure they remain materially acceptable.

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 12,063,335 7,511,056
Europe 16,493,709 9,721,280
United States of America 2,185,940 777,218
Australasia 968,312 -
Rest of the world 2,987,160 2,839,934
34,698,456 20,849,488

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 11,048,390 6,797,254
Social security costs 1,045,132 633,540
Other pension costs 279,710 172,182
12,373,232 7,602,976

The average number of employees during the year was as follows:
2024 2023

Directors 3 2
Direct staff 58 42
Administration staff 16 7
77 51

2024 2023
£    £   
Directors' remuneration 1,385,283 755,033

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 645,671 317,533

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 15,902 30,308
Other operating leases 903,822 374,468
Depreciation - owned assets 141,827 121,004
Loss on disposal of fixed assets 286 -
Auditors' remuneration 59,000 38,975
Foreign exchange differences 51,935 (9,898 )

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Interest on overdue tax 21,680 -
Loan interest 12,496 -
34,176 -

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 847,693 560,031

Deferred tax 155,836 (19,546 )
Tax on profit 1,003,529 540,485

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 3,696,523 5,258,366
Profit multiplied by the standard rate of corporation tax in the UK
of 25% (2023 - 20.496%)

924,131

1,077,755

Effects of:
Expenses not deductible for tax purposes 73,890 57,721
Income not taxable for tax purposes - (586,110 )
Capital allowances in excess of depreciation - (8,881 )
Depreciation in excess of capital allowances 5,508 -

Total tax charge 1,003,529 540,485

9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 550,000 13,700,000

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


10. TANGIBLE FIXED ASSETS
Furniture,
fixtures
Leasehold and Computer
property equipment equipment Totals
£    £    £    £   
COST
At 1st July 2023 38,850 499,679 244,257 782,786
Additions - 632,544 92,513 725,057
Disposals (38,850 ) (462,744 ) (182,433 ) (684,027 )
At 30th June 2024 - 669,479 154,337 823,816
DEPRECIATION
At 1st July 2023 38,850 478,829 194,498 712,177
Charge for year - 100,438 41,389 141,827
Eliminated on disposal (38,850 ) (462,458 ) (182,433 ) (683,741 )
At 30th June 2024 - 116,809 53,454 170,263
NET BOOK VALUE
At 30th June 2024 - 552,670 100,883 653,553
At 30th June 2023 - 20,850 49,759 70,609

11. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 2,574 40 2,614
NET BOOK VALUE
At 30th June 2024 2,574 40 2,614
At 30th June 2023 2,574 40 2,614

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


11. FIXED ASSET INVESTMENTS - continued

The subsidiary companies and their subsidiary companies are:-



Registered
Office

Nature of business
Class of
share

Shareholding

CT Local Ltd England Consultancy Ordinary 75%

CT Corporate Advisory Ltd England Consultancy Ordinary 75%

CT Corporate Advisory Pty
Ltd

Australia

Consultancy

Ordinary

75%


The address of the registered office of the companies registered in England is One Strand, Trafalgar Square, London WC2N 5EJ.

The address of the registered office of CT Corporate Advisory Pty Ltd is Suite 3001, Level 30, 20 Bond Street, Sydney, NSW 2000.

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,528,744 5,313,989
Amounts owed by group undertakings 6,091,451 4,863,722
Other debtors 50,609 83,036
Directors' current accounts - 112,746
Deferred tax asset - 13,367
Prepayments 2,251,300 1,461,481
18,922,104 11,848,341

The directors' account represents an advance on which interest was paid at a rate of 3.75% per annum.

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 15)
166,667

-
Trade creditors 1,233,916 1,556,680
Amounts owed to group undertakings 5,549,879 5,237,706
Tax 619,567 289,360
Social security and other taxes 425,059 368,620
VAT 168,978 42,669
Other creditors 78,971 3,012
Accruals and deferred income 9,465,225 4,176,348
17,708,262 11,674,395

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 15) 236,111 -

15. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 166,667 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 166,667 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 69,444 -

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 377,315 202,790
Between one and five years 613,007 -
990,322 202,790

17. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 402,778 -

The bank loan is secured by a fixed and floating charge over the assets of the company.

18. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 142,469

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


18. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st July 2023 (13,367 )
Accelerated capital allowances 155,836
Balance at 30th June 2024 142,469

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

20. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
2024 2023
£    £   
Dividends paid 550,000 13,700,000
Amount due from related party 5,141,602 4,092,702
Amount due to related party (4,696,310 ) 4,614,658

Entities over which the entity has control, joint control or significant influence exc. wholly owned
2024 2023
£    £   
Dividends received - 2,259,658
Amount due from related party 239,841 -
Amount due to related party (77,601 ) -

Other companies in the CT Group Holdings Limited group of companies
2024 2023
£    £   
Turnover 115,833 661,750
Purchases - 93,333
Amount due from related party 710,009 171,019
Amount due to related party (775,968 ) 623,048

CT GROUP (UK) TRADING LIMITED (REGISTERED NUMBER: 07196537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


21. PARENT COMPANY AND ULTIMATE CONTROLLING PARTIES

The immediate parent company is CT Group International Limited, a company incorporated in England and Wales.

The ultimate controlling parties are the directors of CT Group Holdings Limited, which is the ultimate parent company and whose registered office is One Strand, Trafalgar Square, London WC2N 5EJ.

The results of CT Group (UK) Trading Limited are included in the consolidated accounts of CT Group Holdings Limited.