Company registration number 01593831 (England and Wales)
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
COMPANY INFORMATION
Directors
Capita Corporate Director Limited
A Whalley
(Appointed 30 May 2024)
Secretary
Capita Group Secretary Limited
Company number
01593831
Registered office
First Floor
2 Kingdom Street
Paddington
London
England
W2 6BD
Banker
Barclays Bank PLC
1 Churchill Place
London
United Kingdom
E14 5HP
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
CONTENTS
Page
Directors' report
1 - 2
Income statement
3
Balance sheet
4 - 5
Statement of changes in equity
6
Notes to the financial statements
7 - 16
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
The Directors present their Directors’ report and financial statements for the year ended 31 December 2024.
Principal activities
Capita Secure Information Solutions Limited ('the Company') is a wholly owned subsidiary (indirectly held) of Capita plc. Capita plc along with its subsidiaries are hereafter referred to as 'the Group'.
After the transfer of its entire Public Services business and Technology, Software and Solution (TSS) business to fellow group companies pursuant to a business and assets transfer agreement ('BTA'), the Company has consequently ceased trading in 2022. Accordingly, the Director’s after careful review of future business have concluded that the use of going concern for the preparation of the financial statement is not appropriate.
Review of the business
As shown in the Company's income statement on page 3, the Company's loss before tax has reduced from £4,685,173 in 2023 to £28,997 in 2024 mainly on account of impairment of intercompany receivables and loss on disposal of subsidiaries in the previous year.
The balance sheet on pages 4 to 5 of the financial statements shows the financial position at the year end. Net assets decreased from £68,522,659 in 2023 to £10,299,360 in 2024 due to dividend paid during the year.
Details of the amounts owed by/to its parent company and fellow subsidiary companies are shown in notes 10 and 12 to the financial statements.
The Company has not identified any key performance indicators due to the nature of its operations described in the principal activities section above.
Results and dividends
The results for the year are set out on page 3.
On 13 December 2024, the Company declared a dividend of £58,000,000 to Capita Business Services Ltd (2023: £nil).
Directors
The Directors who held office during the year and up to the date of signature of the financial statements were as follows:
Capita Corporate Director Limited
S Frewing
(Resigned 4 April 2024)
A Whalley
(Appointed 30 May 2024)
Qualifying third party indemnity provisions
The Company has granted an indemnity to the Directors of the Company against liability in respect of proceedings brought by third parties, subject to the conditions set out in the Companies Act 2006. This qualifying third-party indemnity provision remains in force as at the date of approving the Directors' report.
Post balance sheet date events
There are no significant events which have occurred after the reporting period.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Statement of Directors' responsibilities
The Directors are responsible for preparing the Strategic Report, the Directors’ Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Directors to prepare financial statements for each financial year. Under that law they have elected to prepare the financial statements in accordance with UK accounting standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 101 Reduced Disclosure Framework.
Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company 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; and
assess the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and as explained in the note 1.1 of the financial statements, the Directors do not believe the going concern basis to be appropriate and these financial statements are not prepared on that basis.
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 responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
D Howitt on behalf of
Capita Corporate Director Limited
Director
28 August 2025
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2024
2023
Notes
£
£
Administrative income/(expenses)
12,659
(390,309)
Investment expenses
4
(344,693)
Impairments
5
(3,864,956)
Net finance cost
6
(41,656)
(85,215)
Loss before tax
(28,997)
(4,685,173)
Income tax charge
7
(194,302)
(174,577)
Loss and total comprehensive expense for the year
(223,299)
(4,859,750)
The income statement has been prepared on the basis that the Company has ceased all its operations.
The notes and information on pages 7 to 16 form an integral part of these financial statements.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 4 -
2024
2023
Notes
£
£
Non-current assets
Trade and other receivables
10
1,549,620
1,549,620
-
Current assets
Trade and other receivables
10
9,272,310
69,178,616
Cash and cash equivalents
11
177,009
46,000
Income tax receivable
873,922
870,934
10,323,241
70,095,550
Total assets
11,872,861
70,095,550
Current liabilities
Trade and other payables
12
23,881
1,572,891
23,881
1,572,891
Non-current liabilities
Trade and other payables
12
1,549,620
1,549,620
-
Total liabilities
1,573,501
1,572,891
Net assets
10,299,360
68,522,659
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
2024
2023
Notes
£
£
- 5 -
Capital and reserves
Issued share capital
13
1
3,036,847
Capital redemption reserve
8,196,023
Retained earnings
10,299,359
57,289,789
Total equity
10,299,360
68,522,659
The notes and information on pages 7 to 16 form an integral part of these financial statements.
For the financial year ended 31 December 2024, the Company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the Company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
D Howitt on behalf of
Capita Corporate Director Limited
Director
Company registration number 01593831 (England and Wales)
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
Share capital
Capital redemption reserve
Retained earnings
Total equity
£
£
£
£
At 1 January 2023
3,036,847
8,196,023
62,149,539
73,382,409
Loss for the year
-
-
(4,859,750)
(4,859,750)
Transactions with owners:
Contribution in respect of share based payment charge
-
-
15,181
15,181
Settlement of share based payment charged by intercompany
-
-
(15,181)
(15,181)
At 31 December 2023
3,036,847
8,196,023
57,289,789
68,522,659
Loss for the year
-
-
(223,299)
(223,299)
Transactions with owners:
Dividends paid
-
-
(58,000,000)
(58,000,000)
Reduction in share capital and capital redemption reserve
(3,036,846)
(8,196,023)
11,232,869
-
At 31 December 2024
1
10,299,359
10,299,360
Share capital
The nominal proceeds on issue of the Company's equity share capital, comprising 1 ordinary share of £1.
Capital redemption reserve
The Company can redeem shares by repaying the market value to the shareholder, whereupon the shares are cancelled. Redemption must be from distributable profits. The capital redemption reserve represents the nominal value of the shares redeemed.
Retained earnings
Net profits kept to accumulate in the Company after dividends are paid and retained in the business as working capital.
On 12 December 2024, the Company reduced its ordinary share capital to 1 ordinary share of £1 nominal value through the cancellation of 3,036,846 ordinary shares of £1 each and capital redemption reserve was reduced from £8,196,023 to nil during the same period, with a corresponding impact to retained earnings.
Further, on 13 December 2024, the Company declared a dividend of £58,000,000 to Capita Business Services Limited.
The notes and information on pages 7 to 16 form an integral part of these financial statements.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
1
Accounting policies
1.1
Basis of preparation
Capita Secure Information Solutions Limited is a private company limited by shares incorporated in England and Wales.
In determining the appropriate basis of preparation for the financial statements for the year ended 31 December 2024, the Company’s Directors (‘the Directors’) are required to consider whether the Company can continue in operational existence for the foreseeable future, being a period of at least 12 months following the approval of these accounts.
The principal activity of the Company ceased when the business was transferred to other group subsidiaries on 1 November 2022. The Directors have therefore prepared the financial statements on the basis that the Company is no longer a going concern. As a consequence, the Directors have considered the adjustments required to prepare the financial statement on a non-going concern basis. The expected realisable and settlement values for current assets and liabilities are not considered to be materially different from their carrying value at the balance sheet date. Therefore, the Directors have considered that no further adjustments are required as a result of preparing the financial statements on a non-going concern basis.
1.2
Compliance with accounting standards
The Company has applied FRS101 – Reduced Disclosure Framework in the preparation of its financial statements.
The Company has prepared and presented these financial statements by applying the recognition, measurement and disclosure requirements of international accounting standards in conformity with the requirements of the Companies Act 2006.
The Company's ultimate parent company, Capita plc, includes the Company in its consolidated statements. The consolidated financial statements are prepared in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006 and with UK-adopted International Financial Reporting Standards ('UK-IFRSs') and the Disclosure and the Transparency Rules of the UK's Financial Conduct Authority. They are available to the public and may be obtained from Capita plc’s website on https://www.capita.com/investors.
In these financial statements, the Company has applied the disclosure exemptions available under FRS 101 in respect of the following disclosures:
A cash flow statement and related notes;
Comparative period reconciliations for ;
Disclosures in respect of transactions with wholly owned subsidiaries;
Disclosures in respect of capital management;
The effects of new but not yet effective IFRSs;
Disclosures in respect of the compensation of key management personnel
Since the consolidated financial statements of Capita plc include equivalent disclosures, the Company has also taken the disclosure exemptions under FRS 101 available in respect of the following disclosure:
Certain disclosures required by IFRS 2 in respect of Group settled share based payments; and
Certain disclosures required by IFRS 7 and certain disclosure exemptions as permitted by IFRS 13 Fair value measurement.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 8 -
1.3
Change in accounting policies
The Company has adopted the new amendments to standards detailed below but they do not have a material effect on the Company's financial statements.
New amendments or interpretations | |
Classification of liabilities as current or non-current and non-current liabilities with Covenants - Amendments to IAS 1 | |
Lease Liability in a Sale and Leaseback - Amendments to IFRS 16 | |
Supplier Finance Arrangements - Amendments to IAS 7 and IFRS 7 | |
1.4
Investments
The Company has investments in subsidiaries.
Investments in subsidiaries are initially recorded at cost. Subsequently they are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable.
At each balance sheet date, the Company assesses whether there are indicators to reverse the previously recognised impairment loss. The reversals of impairment are only recognised where there has been a change in the estimates used to determine the investment’s recoverable amount since the last impairment loss was recognised.
1.5
Financial instruments
Trade and other receivables
Trade and other receivables have been measured and presented at their expected realisable values.
Trade and other payables
Trade and other payables have been measured and presented at their expected realisable values.
Cash and cash equivalents
Cash and short-term deposits in the balance sheet comprise cash at bank and in hand and short-term deposits with original maturities of three months or less that are readily convertible in to known amounts of cash and which are subject to an insignificant risk of change in value.
1.6
Taxation
Tax on the profit or loss 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 directly in equity or other comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 9 -
Taxation (continued)
Deferred tax is provided, using the liability method, on all temporary differences at the balance sheet date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.
Deferred tax assets are recognised for all deductible temporary differences, carry-forward of unused tax assets and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and the carry-forward of unused tax assets and unused tax losses can be utilised, except where the deferred tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss.
The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised, reductions are reversed when the probability of future taxable profits improves.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date.
1.7
Share based payments
The fair value of the equity instrument granted is measured at grant date and is recognised as an expense over the vesting period, which ends on the date on which the relevant employees become fully entitled to the award. Fair value is determined using an option pricing model, only taking into account vesting conditions linked to the price of the shares of the Company (market conditions).
No expense is recognised for awards that do not ultimately vest as a result of not meeting performance or service conditions. Where all service and performance vesting conditions are met, the awards are treated as vesting, irrespective of whether or not the market condition is satisfied, since market conditions have been reflected in the fair value of the equity instruments.
At each balance sheet date before vesting, the cumulative expense is calculated, representing the extent to which the vesting period has expired and management’s best estimate of the achievement or otherwise of nonmarket conditions, the number of equity instruments that will ultimately vest or, in the case of an instrument subject to a market condition, be treated as vesting as described above. The movement in cumulative expense since the previous balance sheet date is recognised in the income statement, with a corresponding adjustment to equity.
Where the terms of an award are modified or a new award is designated as replacing a cancelled or settled award, the cost based on the original award terms continues to be recognised over the original vesting period adjusted for the incremental fair value of any modification i.e., the difference between the fair value of the original award and the fair value of the modified award, both as measured on the date of the modification. No reduction is recognised if this difference is negative.
Where an award is cancelled, it is treated as if it had vested on the date of cancellation, and any cost not yet recognised in the income statement for the award is expensed immediately. Any compensation paid up to the fair value of the award at the cancellation or settlement date is deducted from equity, with any excess over the fair value being treated as an expense in the income statement.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 10 -
1.8
Foreign exchange
Monetary assets and liabilities denominated in foreign currencies are translated into British pounds sterling at the rates of exchange ruling at the balance sheet date. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. All foreign exchanges gains/losses are recognised in the income statement.
1.9
Group accounts
These financial statements present information about the Company as an individual company and not about its Group. The Company has not prepared Group accounts because it is fully exempt from the requirement to do so by section 400 of the Companies Act 2006 since it is a subsidiary company of Capita plc, a company incorporated in England and Wales, and is included in the consolidated financial statements of that company.
1.10
Current versus non-current classification
The Company presents assets and liabilities in the balance sheet based on whether they are current or non-current.
An asset is current when it is:
Expected to be realised or intended to be sold or consumed in the normal operating cycle;
Held primarily for the purpose of trading;
Expected to be realised within twelve months after the balance sheet date; or
Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the balance sheet date.
All other assets are classified as non-current.
A liability is current when:
It is expected to be settled in the normal operating cycle;
It is held primarily for the purpose of trading;
It is due to be settled within twelve months after the balance sheet date; or
There is no unconditional right to defer the settlement of the liability for at least twelve months after the balance sheet date.
The Company classifies all other liabilities as non-current.
2
Significant accounting judgements, estimates and assumptions
The preparation of financial statements in accordance with generally accepted accounting principles requires the Directors to make judgements and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported income and expense during the presented periods. Although these judgements and assumptions are based on the Directors’ best knowledge of the amount, events or actions, actual results may differ.
No significant judgements, estimates and assumptions were used in preparation of financial statements in current reporting period.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
3
Loss before tax
2024
2023
Loss before tax for the year is stated after (crediting)/ charging:
£
£
(Income)/expense from foreign exchange differences
(24,291)
264,919
Depreciation of property, plant and equipment
-
31
Loss on disposal of property, plant and equipment
-
802
4
Investment expenses
2024
2023
£
£
Net loss on disposal of investments
-
(344,693)
(344,693)
On 7 June 2023, the Company agreed to sell its 100% shareholding in its subsidiaries Capita Retain Limited and Capita Workforce Management Limited to Adv People Holding Limited (‘Adv’).
The sale was completed on 31 July 2023, with a consideration of £10,088,648 received from Adv of which £8,869,858 was utilised to settle liabilities owed to the Capita group entities by the subsidiary against which it incurred disposal costs of £1,563,483 resulting in a loss on disposal of £344,693.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
5
Impairments
Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in the income statement:
2024
2023
£
£
Impairment of trade and other receivables
3,864,956
-
3,864,956
In 2023, the Company wrote-off receivables from Capita Retain Limited which were offset by the write back of payables.
6
Net finance cost
2024
2023
£
£
Interest expense
Interest expense on bank overdrafts and loans
(41,656)
(85,215)
Total finance cost
(41,656)
(85,215)
7
Income tax
The major components of income tax charge are:
2024
2023
£
£
Current tax
UK corporation tax
(2,990)
(82,352)
Adjustments in respect of prior periods
197,292
(904,467)
194,302
(986,819)
Deferred tax
Origination and reversal of temporary differences
(209)
Adjustment in respect of prior periods
1,161,605
1,161,396
Total tax charge
194,302
174,577
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Income tax
(Continued)
- 13 -
The charge for the year can be reconciled to the loss per the income statement as follows:
2024
2023
£
£
Loss before taxation
(28,997)
(4,685,173)
Expected tax credit based on the weighted average Corporation Tax rate of 25.00% (2023: 23.52%)
(7,249)
(1,101,953)
Expenses not deductible for tax purpose
142
1,022,367
Non-taxable income
(13,856)
Losses on discontinued operations not recognised
10,893
Change in unrecognised deferred tax assets
4,117
Adjustment in respect of current income tax of prior periods
197,292
257,138
Impact of changes in statutory tax rates
(12)
Total adjustments
201,551
1,276,530
Total tax charge reported in the income statement
194,302
174,577
Balance sheet
Income statement
2024
2023
2024
2023
£
£
£
£
Deferred tax liabilities
Decelerated capital allowances
185,716
Tax losses
971,371
Other short term timing difference
4,309
Deferred tax liabilities
Deferred tax charge to income statement
1,161,396
A change to the main UK corporation tax rate was substantively enacted on 24 May 2021. The rate applicable from 1 April 2023 increased from 19% to 25%. The deferred tax asset at 31 December 2024 has been calculated based on the 25% rate.
In accordance with the stated accounting policy for taxation in note 1.6 to the financial statements, the utilisation and recognition of a deferred tax asset is dependent on the existence of sufficient future taxable profits. As at 31 December 2024, based on forecast profits, the Company has concluded in line with the stated policy that no deferred tax asset should be recognised in respect of non-trading losses of £62,780 (2023: £46,314) and capital losses of £178,943 (2023: £178,943).
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
8
Investments
£
Cost
At 1 January 2024 & 31 December 2024
1
Impairment
At 1 January 2024 & 31 December 2024
1
Net book value
At 31 December 2024
At 31 December 2023
9
List of Subsidiaries
Details of the Company's subsidiaries at 31 December 2024 are as follows:
Name of company
Registered office
Class of
% Held
shares held
Direct
Indirect
Retain International (Holdings) Limited
First Floor, 2 Kingdom Street, Paddington, London, England, W2 6BD
Ordinary
100.00
-
Retain International Limited
First Floor, 2 Kingdom Street, Paddington, London, England, W2 6BD
Ordinary
-
100.00
10
Trade and other receivables
Current
2024
2023
£
£
Trade receivables
1,549,620
VAT recoverable
52,688
Amounts due from Group companies
9,272,310
67,576,308
9,272,310
69,178,616
Non-current
2024
2023
£
£
Other receivables
1,549,620
1,549,620
Amounts due from parent and fellow subsidiary companies are repayable on demand and are not chargeable to interest.
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
11
Cash and cash equivalents
2024
2023
£
£
Cash at bank and in hand
177,009
46,000
177,009
46,000
12
Trade and other payables
Current
2024
2023
£
£
Trade payables
1,572,891
Other taxes and social security
4,472
Other payables
19,409
23,881
1,572,891
Non-current
2024
2023
£
£
Other payables
1,549,620
1,549,620
13
Share capital
2024
2023
2024
2023
Number
Number
£
£
Allotted, called up and fully paid
Ordinary shares of £1 each
At 1 January
3,036,847
3,036,847
3,036,847
3,036,847
Reduction in share capital
(3,036,846)
-
(3,036,846)
-
At 31 December
1
3,036,847
1
3,036,847
CAPITA SECURE INFORMATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
14
Employees
The average monthly number of employees were:
2024
2023
Number
Number
Operational
1
Administration
1
Total
2
Their aggregate remuneration comprised:
2024
2023
£
£
Wages and salaries
756
Social security costs
-
114
Share based payments
15,181
16,051
15
Directors' remuneration
All Directors are paid by other companies within the Capita Group. The Company has not paid any fees or other remuneration to the Group based Directors related to the directorship role they provided to the Company as a part of their Group-wide executive management role. The Company has estimated that allocation of the qualifying services that these Group based Directors provided to the Company is inconsequential.
16
Controlling party
The Company's immediate parent company is Capita Business Services Ltd., a company incorporated in England and Wales. The Company's ultimate parent company is Capita plc, a Company incorporated in England and Wales. The accounts of Capita plc are available from the registered office at First Floor, 2 Kingdom Street, Paddington, London, England, W2 6BD.
17
Post balance sheet date events
There are no significant events which have occurred after the reporting period.
2024-12-312024-01-01Capita Corporate Director LimitedS FrewingA WhalleyCapita Group Secretary LimitedfalseCCH SoftwareiXBRL Review & Tag 2022.2The company is entitled to exemption from audit under section 477 of the Companies Act 2006 in relating to the small companiesThe members have not required the company to obtain an audit015938312024-01-012024-12-3101593831bus:Director12024-01-012024-12-3101593831bus:Director32024-01-012024-12-3101593831bus:CompanySecretary12024-01-012024-12-3101593831bus:Director22024-01-012024-12-3101593831bus:RegisteredOffice2024-01-012024-12-3101593831bus:Agent12024-01-012024-12-31015938312024-12-31015938312023-01-012023-12-310159383112024-01-012024-12-310159383112023-01-012023-12-3101593831core:RetainedEarningsAccumulatedLosses2024-01-012024-12-3101593831core:Non-currentFinancialInstruments2024-12-3101593831core:Non-currentFinancialInstruments2023-12-3101593831core:CurrentFinancialInstruments2023-12-3101593831core:CurrentFinancialInstruments2024-12-31015938312023-12-3101593831core:CapitalRedemptionReserve2024-12-3101593831core:CapitalRedemptionReserve2023-12-3101593831core:RetainedEarningsAccumulatedLosses2024-12-3101593831core:RetainedEarningsAccumulatedLosses2023-12-3101593831core:CapitalRedemptionReserve2022-12-3101593831core:RetainedEarningsAccumulatedLosses2022-12-31015938312022-12-3101593831core:ShareCapital2023-12-3101593831core:ShareCapital2022-12-3101593831core:ShareCapital2024-12-3101593831core:ShareCapital2023-12-3101593831core:ShareCapital2024-01-012024-12-3101593831core:CapitalRedemptionReserve2024-01-012024-12-3101593831core:AcceleratedTaxDepreciationDeferredTax2024-12-3101593831core:AcceleratedTaxDepreciationDeferredTax2023-12-3101593831core:TaxLossesCarry-forwardsDeferredTax2024-12-3101593831core:TaxLossesCarry-forwardsDeferredTax2023-12-3101593831core:OtherDeferredTax2024-12-3101593831core:OtherDeferredTax2023-12-3101593831core:AcceleratedTaxDepreciationDeferredTax2024-01-012024-12-3101593831core:AcceleratedTaxDepreciationDeferredTax2023-01-012023-12-3101593831core:TaxLossesCarry-forwardsDeferredTax2024-01-012024-12-3101593831core:TaxLossesCarry-forwardsDeferredTax2023-01-012023-12-3101593831core:OtherDeferredTax2024-01-012024-12-3101593831core:OtherDeferredTax2023-01-012023-12-3101593831core:CostValuation2023-12-3101593831core:ProvisionsForImpairmentInvestments2023-12-3101593831core:Subsidiary12024-01-012024-12-3101593831core:Subsidiary22024-01-012024-12-3101593831core:Subsidiary112024-01-012024-12-3101593831core:Subsidiary212024-01-012024-12-31015938312023-12-310159383112024-01-012024-12-3101593831bus:PrivateLimitedCompanyLtd2024-01-012024-12-3101593831bus:FRS1012024-01-012024-12-3101593831bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3101593831bus:EntityNoLongerTradingButTradedInPast2024-01-012024-12-3101593831bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP