Health Sector Talent UK Limited


Director	MCLARNON, Stephen


Registered Address	Titanic Suites
	55-59 Adelaide Street
	Belfast
	BT2 8FE


Registered Number	NI695598 (Northern Ireland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		4,786		7,107
			4,786		7,107
Current assets
Debtors	4	10,568		74,798
Cash at bank and on hand		7,896		1,242
		18,464		76,040
Creditors amounts falling due within one year	5	(886,352)		(722,854)
Net current assets (liabilities)			(867,888)		(646,814)
Total assets less current liabilities			(863,102)		(639,707)
Net assets			(863,102)		(639,707)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(863,103)		(639,708)
Shareholders' funds			(863,102)		(639,707)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 September 2025, and are signed on its behalf by:

MCLARNON, Stephen
Director
Registered Company No. NI695598

Health Sector Talent UK Limited

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2024		2023
	Average number of employees during the year	5		21

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	7,644	203	7,847
At 31 December 24	7,644	203	7,847
Depreciation and impairment
At 01 January 24	738	2	740
Charge for year	2,315	6	2,321
At 31 December 24	3,053	8	3,061
Net book value
At 31 December 24	4,591	195	4,786
At 31 December 23	6,906	201	7,107

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	8,400	72,336
Other debtors	2,168	2,025
Prepayments and accrued income	-	437
Total	10,568	74,798

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	190,135	76,758
Amounts owed to related parties	662,833	622,111
Taxation and social security	14,427	13,737
Other creditors	562	1,218
Accrued liabilities and deferred income	18,395	9,030
Total	886,352	722,854


	The amounts due to related parties consists fully of amounts due to group undertakings which are unsecured, interest-free and repayable on demand.

6.	Pension commitments
	The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions payable by the Company to the fund and amounted to £5,185 (2023 - £12,624). At the balance sheet date, unpaid contributions of £562 (2023 - £1,218) were due to the fund. They are included in other creditors.

Pension commitments

The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions payable by the Company to the fund and amounted to £5,185 (2023 - £12,624).  At the balance sheet date, unpaid contributions of £562 (2023 - £1,218) were due to the fund. They are included in other creditors.

7.	Related party transactions
	Health Sector Talent UK Limited has taken the exemption under FRS 102, section 33 Related Party Disclosures paragraph 33.1A, whereby the company is not required to disclose transactions with other wholly owned subsidiaries.