COMPANY REGISTRATION NUMBER:
08695229
|
Captured EBT Trustees Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Captured EBT Trustees Limited |
|
Year ended 31 December 2024
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
Captured EBT Trustees Limited |
|
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
|
Investments |
5 |
|
181,291 |
181,291 |
|
|
|
|
|
Current assets
|
Debtors |
6 |
181,291 |
|
181,291 |
|
Cash at bank and in hand |
1 |
|
1 |
|
--------- |
|
--------- |
|
181,292 |
|
181,292 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
369,138 |
|
369,138 |
|
--------- |
|
--------- |
|
Net current liabilities |
|
187,846 |
187,846 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
(
6,555) |
(
6,555) |
|
|
------- |
------- |
|
Net liabilities |
|
(
6,555) |
(
6,555) |
|
|
------- |
------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
1 |
|
Profit and loss account |
|
(
6,556) |
(
6,556) |
|
|
------- |
------- |
|
Shareholders deficit |
|
(
6,555) |
(
6,555) |
|
|
------- |
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Captured EBT Trustees Limited |
|
|
Statement of Financial Position (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
29 September 2025
, and are signed on behalf of the board by:
|
Mr C S Mindenhall |
|
|
Director |
|
|
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Company registration number:
08695229
|
Captured EBT Trustees Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scale Space, 58 Wood Lane, London, W12 7RZ, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern The directors have reviewed the company's net liability position in considering going concern and believe they have the adequate support of the group companies, for the foreseeable future, to enable liabilities to be met as they fall due.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the period, including the directors, amounted to 1 (2023: 1).
5.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
181,291 |
|
--------- |
|
Impairment |
|
|
At 1 January 2024 and 31 December 2024 |
– |
|
--------- |
|
|
|
Carrying amount |
|
|
At 31 December 2024 |
181,291 |
|
--------- |
|
At 31 December 2023 |
181,291 |
|
--------- |
|
|
The company holds 21,753 £0.001 Ordinary shares in Captured Holdings Limited which it purchased for £181,291.
Captured EBT Trustees Limited
is the trustee of an Employee Benefit Trust (EBT) and holds this investment on behalf of the EBT to allow the issue of share options, in Captured Holdings Limited, as incentives to the employees and directors of the group.
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
181,291 |
181,291 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Other creditors |
369,138 |
369,138 |
|
--------- |
--------- |
|
|
|
8.
Related party transactions
The company was under the control of Captured Holdings Limited, throughout the current period, by virtue of its 100% shareholding in the company. At the balance sheet date the company owed Captured Holdings Limited £181,291 (2023: £181,291). At the year end the Employee Benefit Trust (EBT), for which
Captured EBT Trustees Limited
is a trustee, is due £181,291 (2023: £181,291) for the investment in Captured Holdings Limited which is held on its behalf. At the period end the EBT owed Captured EBT Trustees Limited
£181,291 (2023: £181,291) for the original purchase of the investment in Captured Holdings Limited.
9.
Controlling party
During the year the immediate and ultimate parent company was
Captured Holdings Limited
, a company registered in Jersey. The registered address is 35-37 New Street, St. Helier, Jersey, Channel Islands, JE2 3RA
.