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REGISTERED NUMBER: 13038809 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

ONYX TALENT ASSET MANAGEMENT LIMITED

ONYX TALENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 13038809)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONYX TALENT ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 30th November 2024







DIRECTOR: Mr N A Baxter





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 13038809 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

ONYX TALENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 13038809)

BALANCE SHEET
30th November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,340 16,680
Tangible assets 5 676 364
9,016 17,044

CURRENT ASSETS
Debtors 6 86,847 33,160
Cash at bank 34,319 4,858
121,166 38,018
CREDITORS
Amounts falling due within one year 7 122,489 35,787
NET CURRENT (LIABILITIES)/ASSETS (1,323 ) 2,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,693

19,275

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 7,593 19,175
SHAREHOLDERS' FUNDS 7,693 19,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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

The financial statements were approved by the director and authorised for issue on 29th August 2025 and were signed by:





Mr N A Baxter - Director


ONYX TALENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 13038809)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024


1. STATUTORY INFORMATION

Onyx Talent Asset Management Limited 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.

2. ACCOUNTING POLICIES

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

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

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.

Development costs are being amortised evenly over their estimated useful life of five 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 and machinery etc - 5 - 10 years straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

ONYX TALENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 13038809)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st December 2023
and 30th November 2024 41,700
AMORTISATION
At 1st December 2023 25,020
Charge for year 8,340
At 30th November 2024 33,360
NET BOOK VALUE
At 30th November 2024 8,340
At 30th November 2023 16,680

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023 596
Additions 615
At 30th November 2024 1,211
DEPRECIATION
At 1st December 2023 232
Charge for year 303
At 30th November 2024 535
NET BOOK VALUE
At 30th November 2024 676
At 30th November 2023 364

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors - 8,423
Amounts owed by associates 85,840 24,172
Other debtors 1,007 565
86,847 33,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade creditors 8,147 7,366
Taxation and social security 104,922 28,121
Other creditors 9,420 300
122,489 35,787

ONYX TALENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 13038809)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/24 30/11/23
value: £    £   
100 Ordinary A 1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N A Baxter.