Company No: 14818057 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,873		3,224
		1,873		3,224
Current assets
Debtors
- due within one year	4	31,533		45,198
- due after more than one year	4	51,702		0
Cash at bank and in hand		4,574		9,048
		87,809		54,246
Creditors: amounts falling due within one year	5	( 257,321)		( 148,504)
Net current liabilities		(169,512)		(94,258)
Total assets less current liabilities		(167,639)		(91,034)
Net liabilities		( 167,639)		( 91,034)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 167,739 )		( 91,134 )
Total shareholders' deficit		( 167,639)		( 91,034)

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

Director's responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of TalentHub International Limited (registered number: 14818057) were approved and authorised for issue by the Director. They were signed on its behalf by:

P J Bromwich Director

30 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

TalentHub International Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Walbrook Wharf, 78-83 Upper Thames Street, London, EC4R 3TD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company made a loss in the year of £128,307 and has net current liabilities of £169,512. Included within creditors due within one year are amounts owed from companies under common control of £247,341. The company has confirmed they will not seek repayment of the existing loan within 12 months from the date of the approval of the financial statements.

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Based on all of the above, the director believes it is appropriate to continue to use the going concern basis for the preparation of the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised as the fair value of services provided during the period, net of VAT. Revenue from recruitment services is recognised when the service is delivered in accordance with contractual terms, typically when a candidate is placed or services are rendered over time.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	2		4

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	4,052		4,052
At 31 December 2024	4,052		4,052
Accumulated depreciation
At 01 January 2024	828		828
Charge for the financial year	1,351		1,351
At 31 December 2024	2,179		2,179
Net book value
At 31 December 2024	1,873		1,873
At 31 December 2023	3,224		3,224

4. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	539		15,193
Amounts owed by group undertakings	14,521		20,515
Other debtors	16,473		9,490
	31,533		45,198
Debtors: amounts falling due after more than one year
Deferred tax asset	51,702		0

Amounts owed by group undertakings are unsecured, bear interest at base rate plus 2.25% and are repayable upon demand.

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	1,868		4,079
Amounts owed to group undertakings	45,195		0
Other taxation and social security	5,274		8,732
Other creditors	204,984		135,693
	257,321		148,504

Amounts owed to group undertakings are unsecured, bear interest at base rate plus 2.25% and are repayable upon demand.

6. Deferred tax

	2024		2023
	£		£
At the beginning of financial year/period	0		0
Credited to the Profit and Loss Account	51,702		0
At the end of financial year/period	51,702		0

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Tax losses carry forward	51,702		0

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
9,000 Ordinary B shares of £ 0.01 each (2023: 6,000 shares of £ 0.01 each)	90		60
1,000 Ordinary C shares of £ 0.01 each	10		10
Nil Ordinary A shares (2023: 3,000 shares of £ 0.01 each)	0		30
	100		100

During the year the Company redesignated 3,000 A ordinary shares of £0.01 each to 3,000 B ordinary shares of £0.01 each.

The total issued share capital remains unchanged.

The B ordinary shares carry the same rights as the ordinary shares from which they were redesignated, including voting rights and rights to payment of dividends and distributions.

8. Related party transactions

Other related party transactions

Included within other debtors are amounts of £14,522 (2023: £Nil) owed by a company with a common director.

Included within the amounts owed by group companies is £14,521 (2023: £20,515) owed by companies that are under common control.

Included within amounts owed to group companies is an amount of £45,195 (2023: £Nil) owed to a company under common control.

Included within other creditors are amounts of £202,146 (2023: £125,549) owed to a company with a common director.

9. Ultimate controlling party

Parent Company:

Recruitment Investment Group Limited

The ultimate controlling party is P J Bromwich.