IRIS Accounts Production v24.3.0.553 06046813 director 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060468132023-01-31060468132024-01-31060468132023-02-012024-01-31060468132022-01-31060468132022-02-012023-01-31060468132023-01-3106046813ns15:EnglandWales2023-02-012024-01-3106046813ns14:PoundSterling2023-02-012024-01-3106046813ns10:Director12023-02-012024-01-3106046813ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106046813ns10:SmallEntities2023-02-012024-01-3106046813ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106046813ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106046813ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106046813ns10:AbridgedAccounts2023-02-012024-01-310604681312023-02-012024-01-3106046813ns10:OrdinaryShareClass12023-02-012024-01-3106046813ns10:CompanySecretary12023-02-012024-01-3106046813ns10:RegisteredOffice2023-02-012024-01-3106046813ns5:CurrentFinancialInstruments2023-01-3106046813ns5:CurrentFinancialInstruments2024-01-3106046813ns5:Non-currentFinancialInstruments2023-01-3106046813ns5:Non-currentFinancialInstruments2024-01-3106046813ns5:ShareCapital2023-01-3106046813ns5:ShareCapital2024-01-3106046813ns5:SharePremium2023-01-3106046813ns5:SharePremium2024-01-3106046813ns5:RetainedEarningsAccumulatedLosses2023-01-3106046813ns5:RetainedEarningsAccumulatedLosses2024-01-310604681312023-02-012024-01-3106046813ns5:NetGoodwill2023-02-012024-01-3106046813ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3106046813ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-02-012024-01-3106046813ns5:PlantMachinery2023-02-012024-01-3106046813ns5:FurnitureFittings2023-02-012024-01-3106046813ns5:DeferredTaxation2023-01-3106046813ns5:DeferredTaxation2024-01-3106046813ns10:OrdinaryShareClass12024-01-3106046813ns5:RetainedEarningsAccumulatedLosses2023-01-3106046813ns5:SharePremium2023-01-3106046813ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 06046813 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 January 2024

for

Talent Enterprises Ltd

Talent Enterprises Ltd (Registered number: 06046813)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Talent Enterprises Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D A C Perks





SECRETARY: Mrs K Perks





REGISTERED OFFICE: 25 Eccleston Place
LONDON
SW1W 9NF





REGISTERED NUMBER: 06046813 (England and Wales)






Talent Enterprises Ltd (Registered number: 06046813)

Abridged Statement of Financial Position
31 January 2024

31.1.23 31.1.24
£    £    Notes £    £   
FIXED ASSETS
32,847 Intangible assets 5 20,998
808 Tangible assets 6 302
33,655 21,300

CURRENT ASSETS
5,210 Debtors 27,408
1,281 Cash and cash equivalents 94,424
6,491 121,832
CREDITORS
150,297 Amounts falling due within one year 223,277
(143,806 ) NET CURRENT LIABILITIES (101,445 )
(110,151 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,145

)

CREDITORS
190,462 Amounts falling due after more than
one year

15,505
(300,613 ) NET LIABILITIES (95,650 )

Talent Enterprises Ltd (Registered number: 06046813)

Abridged Statement of Financial Position - continued
31 January 2024

31.1.23 31.1.24
£    £    Notes £    £   
CAPITAL AND RESERVES
100,000 Called up share capital 8 100,000
100,000 Share Premium 9 100,000
(500,613 ) Retained earnings 9 (295,650 )
(300,613 ) SHAREHOLDERS' DEFICIT (95,650 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





D A C Perks - Director


Talent Enterprises Ltd (Registered number: 06046813)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Talent Enterprises Ltd 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. STATEMENT OF COMPLIANCE

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The director has made no key judgements or estimations in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Design Costs are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery - at varying methods
Fixtures & Fittings - 25% on cost


Talent Enterprises Ltd (Registered number: 06046813)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern
On the basis of his assessment of the company's forecast, current financial performance and position, the director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the company to continue as a going concern. Hence, the company continues to adopt the going concern basis of accounting in preparing the financial statements.

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.

Creditors

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Talent Enterprises Ltd (Registered number: 06046813)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 247,580
AMORTISATION
At 1 February 2023 214,733
Amortisation for year 11,849
At 31 January 2024 226,582
NET BOOK VALUE

At 31 January 2024 20,998
At 31 January 2023 32,847

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 4,442
DEPRECIATION
At 1 February 2023 3,634
Charge for year 506
At 31 January 2024 4,140
NET BOOK VALUE
At 31 January 2024 302
At 31 January 2023 808

7. DEFERRED TAX
£   
Balance at 1 February 2023 (110 )
Accelerated Capital Allowances (48 )
Balance at 31 January 2024 (158 )

Talent Enterprises Ltd (Registered number: 06046813)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100,000 Ordinary £1 100,000 100,000

9. RESERVES
Retained Share
Totals earnings Premium
£    £    £   

At 1 February 2023 (400,613 ) (500,613 ) 100,000
Profit for the year 204,963 204,963
At 31 January 2024 (195,650 ) (295,650 ) 100,000

Accumulated Losses

Retained earnings represent cumulative profits or losses, net of dividends paid and other adjustments.

Talent Enterprises Ltd (Registered number: 06046813)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. RELATED PARTY DISCLOSURES

Name Relationship Revenue Purchases/ Balance owed by/
Cost of Services (to) related party
at period end
£ £ £

Lexham Capital Control by Director 120,000 - -
Partners Ltd of reporting entity
and % holdings

Lexham Ventures Control by Director - - (145,467)
Ltd of reporting entity
and % holdings

Takumi Intern'l Control by Director 17,000 - 10,200
Ltd of reporting entity
and % holdings

6 Seeds Ltd Control by Director 15,000 - -
of reporting entity
and % holdings

Archimed Health Control by Director 6,250 - 6,250
Ltd of reporting entity
and % holdings

Director's Loan Account balance of £78,147 was included in the short term creditors for 31 January 2023 (£Nil : 31 January 2024). This represented private funds injected into the company by its director, Mr D Perks, to supplement working capital requirements of the company.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A C Perks.

The company was controlled throughout the year by its sole director, Mr Dominic Perks, by virtue of the fact that he holds 85% of the company's issued share capital.