Registered number
01742975
TALENTBUILD LIMITED
Filleted Accounts
31 March 2024
TALENTBUILD LIMITED
Registered number: 01742975
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,748,336 1,748,353
Investments 4 357,310 357,310
2,105,646 2,105,663
Current assets
Debtors 5 18,167,589 18,156,585
Cash at bank and in hand 99,883 81,138
18,267,472 18,237,723
Creditors: amounts falling due within one year 6 (710,974) (622,528)
Net current assets 17,556,498 17,615,195
Total assets less current liabilities 19,662,144 19,720,858
Creditors: amounts falling due after more than one year 7 (9,260,374) (9,271,095)
Net assets 10,401,770 10,449,763
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 548,510 548,510
Profit and loss account 9,853,258 9,901,251
Shareholders' funds 10,401,770 10,449,763
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R. Cohen
Director
Approved by the board on 23 December 2024
TALENTBUILD LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 1,748,256 17,313 1,765,569
At 31 March 2024 1,748,256 17,313 1,765,569
Depreciation
At 1 April 2023 - 17,216 17,216
Charge for the year - 17 17
At 31 March 2024 - 17,233 17,233
Net book value
At 31 March 2024 1,748,256 80 1,748,336
At 31 March 2023 1,748,256 97 1,748,353
Freehold land and buildings: 2024 2023
£ £
Historical cost 1,199,746 1,199,746
Cumulative depreciation based on historical cost - -
1,199,746 1,199,746
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2023 300 357,010 357,310
At 31 March 2024 300 357,010 357,310
Historical cost
At 1 April 2023 100 100
At 31 March 2024 100 100
5 Debtors 2024 2023
£ £
Trade debtors - 3,132
Amounts owed by group undertakings and undertakings in which the company has a participating interest 13,978,234 13,964,666
Intercompany account 4,133,836 4,188,501
Taxation prepaid - 286
Prepayments & Accruals 55,519 -
18,167,589 18,156,585
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 775
Other Loans - 77,054
Corporation tax - 10,524
Other creditors 710,974 534,175
710,974 622,528
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,055,209 1,095,930
Amounts owed to group undertakings and undertakings in which the company has a participating interest 7,795,772 7,765,772
Intercomapny accounts 409,393 409,393
9,260,374 9,271,095
8 Revaluation reserve 2024 2023
£ £
At 1 April 2023 548,510 548,510
At 31 March 2024 548,510 548,510
9 Related party transactions
The Company is the Holding of Eurcrest Properties Limited (100%), Southernhay Limited (100%), Higholborn Limited *(100%) , Kirkgate Leeds Ltd (100%).
10 Controlling party
The company is controlled by its Shareholder and its directors.
11 Other information
TALENTBUILD LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
179 Torridon Road
London
SE6 1RG
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