Ignores the fact that the captain's diminutive (5)

I believe the answer is:

skips

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'ignores the fact that' is the definition.
I can't tell whether this defines the answer.

'captain's diminutive' is the wordplay.
'captain' becomes 'skip' (short for skipper).
'diminutive' becomes 's' (I can't justify this - if you can you should believe this answer much more).
'skip'+'s'='SKIPS'

'the' acts as a link.

Can you help me to learn more?

(Other definitions for skips that I've seen before include "Large containers for rubbish" , "Waste containers" .)

I've seen this clue in the Evening Standard.

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