TALENT DEVELOPMENT HUB CIC

Company limited by guarantee

Company Registration Number:
15056259 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 8 August 2023

End date: 31 August 2024

TALENT DEVELOPMENT HUB CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TALENT DEVELOPMENT HUB CIC

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

Motion picture production activitie Motion picture, video and television programme post-production activities



Directors

The directors shown below have held office during the whole of the period from
8 August 2023 to 31 August 2024

AYETIGBO, Oluwayemisi Omotayo, Mr.
AWONIYI, Olabisi Arikie


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 May 2025

And signed on behalf of the board by:
Name: AYETIGBO, Oluwayemisi Omotayo, Mr.
Status: Director

TALENT DEVELOPMENT HUB CIC

Profit And Loss Account

for the Period Ended 31 August 2024

13 months to 31 August 2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: ( 1,000 )
Administrative expenses: ( 7,800 )
Operating profit(or loss): (8,800)
Profit(or loss) before tax: (8,800)
Profit(or loss) for the financial year: (8,800)

TALENT DEVELOPMENT HUB CIC

Balance sheet

As at 31 August 2024

Notes 13 months to 31 August 2024


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 7,000
Total fixed assets: 7,000
Net current assets (liabilities):  
Total assets less current liabilities: 7,000
Creditors: amounts falling due after more than one year: 4 ( 15,800 )
Total net assets (liabilities): (8,800)
Members' funds
Profit and loss account: (8,800)
Total members' funds: ( 8,800)

The notes form part of these financial statements

TALENT DEVELOPMENT HUB CIC

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 May 2025
and signed on behalf of the board by:

Name: AYETIGBO, Oluwayemisi Omotayo, Mr.
Status: Director

The notes form part of these financial statements

TALENT DEVELOPMENT HUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings and Office Equipment including Computers at 18 percent Reducing balance

    Other accounting policies

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

TALENT DEVELOPMENT HUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    13 months to 31 August 2024
    Average number of employees during the period 0

TALENT DEVELOPMENT HUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 7,000 7,000
Disposals
Revaluations
Transfers
At 31 August 2024 7,000 7,000
Depreciation
Charge for year
On disposals
Other adjustments
At 31 August 2024
Net book value
At 31 August 2024 7,000 7,000

TALENT DEVELOPMENT HUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due after more than one year note

13 months to 31 August 2024
£
Bank loans and overdrafts 0
Other creditors 15,800
Total 15,800

TALENT DEVELOPMENT HUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Financial Commitments

The Directors has contributed funds to organize community interest film production training and shooting. These funds were from personal contribution to the company.

COMMUNITY INTEREST ANNUAL REPORT

TALENT DEVELOPMENT HUB CIC

Company Number: 15056259 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

59111 - Motion picture production activities 59120 - Motion picture, video and television programme post-production activities 78101 - Motion picture, television and other theatrical casting activities 90010 - Performing arts

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 May 2025

And signed on behalf of the board by:
Name: AYETIGBO, Oluwayemisi Omotayo, Mr.
Status: Director