Company No: 04700857 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	R M Eldridge
	C J Napper

Secretary

N Eldridge

Registered office	Springfield House
	Springfield Road
	Horsham
	RH12 2RG
	United Kingdom

Company number

04700857 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Great With Talent Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 10 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Great With Talent Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Great With Talent Limited. You consider that Great With Talent Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Great With Talent Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Great With Talent Limited, as a body, in accordance with the terms of our engagement letter dated 21 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Great With Talent Limited and state those matters that we have agreed to state to the Board of Directors of Great With Talent Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Great With Talent Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG

23 December 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	7,056		11,620
		7,056		11,620
Current assets
Debtors	4	856,157		982,644
		856,157		982,644
Creditors: amounts falling due within one year	5	( 769,849)		( 853,856)
Net current assets		86,308		128,788
Total assets less current liabilities		93,364		140,408
Creditors: amounts falling due after more than one year	6, 9	( 24,000)		( 96,000)
Net assets		69,364		44,408
Capital and reserves
Called-up share capital	7	1,000		1,000
Profit and loss account		68,364		43,408
Total shareholder's funds		69,364		44,408

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Income and Retained Earnings has not been delivered.

The financial statements of Great With Talent Limited (registered number: 04700857) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

R M Eldridge Director

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 year, unless otherwise stated.

General information and basis of accounting

Great With Talent 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 Springfield House, Springfield Road, Horsham, RH12 2RG, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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. Accordingly, they continue to adopt the going concern basis in preparing 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 Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings 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 at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings 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 Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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 Balance Sheet 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:

Fixtures and fittings	20 % reducing balance
Office equipment	20 % reducing balance
Computer equipment	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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2024	36,257		22,555		32,167		90,979
Additions	0		0		6,141		6,141
Disposals	( 36,257)		( 22,555)		( 28,394)		( 87,206)
At 31 March 2025	0		0		9,914		9,914
Accumulated depreciation
At 01 April 2024	30,644		18,731		29,984		79,359
Charge for the financial year	1,123		765		1,268		3,156
Disposals	( 31,767)		( 19,496)		( 28,394)		( 79,657)
At 31 March 2025	0		0		2,858		2,858
Net book value
At 31 March 2025	0		0		7,056		7,056
At 31 March 2024	5,613		3,824		2,183		11,620

4. Debtors

	2025		2024
	£		£
Trade debtors	204,529		325,525
Amounts owed by Group undertakings	584,626		590,119
Other debtors	67,002		67,000
	856,157		982,644

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	157,852		185,905
Trade creditors	53,627		74,679
Amounts owed to associates	1,268		1,268
Amounts owed to directors	100,158		0
Accruals and deferred income	250,886		402,775
Corporation tax	136,229		34,178
Other taxation and social security	57,382		131,149
Other creditors	12,447		23,902
	769,849		853,856

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	24,000		96,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares shares of £ 1.00 each (2024: - shares of £ 1.00 each)	1,000		1,000

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Loans from Directors	100,158		0

During the year the directors each provided an interest bearing loan of £50,000 to the company. At the balance sheet date the total amount owed to the directors is £100,158.

Talent Retention Group Limited
(Parent company)
During the year the company continued to provide funds to Talent Retention Group Limited and paid dividends of £280,603 (2024 - £123,847). At the balance sheet date the amount due from Talent Retention Group Limited was £584,626 (2024 - £590,119).

FindMyWhy Limited
(C J Napper and R M Eldridge are directors and shareholders)
At the beginning of the year, a loan of £1,268 was repayable to FindMyWhy Limited. No interest was accrued on the loan. At the balance sheet date the amount due to FindMyWhy Limited was £1,268 (2024 - £1,268).

9. Loans

Amounts falling due within one year

	2025		2024
	£		£
Bank loans	72,000		72,000
Other loans	0		27,329
	72,000		99,329

Amounts falling due 1-2 years

	2025		2024
	£		£
Bank loans	24,000		72,000

Amounts falling due 2-5 years

	2025		2024
	£		£
Bank loans	0		24,000

HSBC Coronavirus Business Interruption Loan Agreement:

The company applied for a bank loan under the CBILS and a loan of £360,000 was received on the 24 August 2020. The loan is interest free for the company for the first 12 months and has a term of six years. Repayments will commence after the first anniversary of the loan and are spread evenly, on a monthly basis, over the remaining term. The loan carries an interest rate of 3.99% per annum.

10. Ultimate controlling party

Parent Company:

Talent Retention Group Limited

The company's immediate parent is Talent Retention Group Limited, incorporated in England, within the United Kingdom.

The ultimate controlling party is R M Eldridge and C J Napper, the directors and shareholders of Talent Retention Group Limited, the parent company.