REGISTERED NUMBER: 08090747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TALENTEAM LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Nahata

Mrs V Nahata

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

08090747 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

70,651

78,348

Investments

5

230,000

-

300,651

78,348

CURRENT ASSETS

Debtors

6

2,926,401

1,929,834

Prepayments and accrued income

202,755

154,150

Cash at bank

676,391

1,567,947

3,805,547

3,651,931

CREDITORS

Amounts falling due within one year

7

3,384,853

2,750,573

NET CURRENT ASSETS

420,694

901,358

TOTAL ASSETS LESS CURRENT LIABILITIES

721,345

979,706

CREDITORS

Amounts falling due after more than one year

8

22,509

35,871

NET ASSETS

698,836

943,835

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

698,736

943,735

SHAREHOLDERS' FUNDS

698,836

943,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr S Nahata - Director

1.	STATUTORY INFORMATION

Talenteam 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 23 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

250

65,290

75,589

141,129

Additions

4,506

-

7,063

11,569

At 31 March 2025

4,756

65,290

82,652

152,698

Depreciation

At 1 April 2024

5

5,057

57,719

62,781

Charge for year

573

9,035

9,658

19,266

At 31 March 2025

578

14,092

67,377

82,047

Net book value

At 31 March 2025

4,178

51,198

15,275

70,651

At 31 March 2024

245

60,233

17,870

78,348

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

Additions

230,000

At 31 March 2025

230,000

Net book value

At 31 March 2025

230,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,197,398

1,139,113

Amounts owed by group undertakings

1,107,037

250,000

Other debtors

621,966

540,721

2,926,401

1,929,834

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,189

20,180

Trade creditors

253,117

166,722

Taxation and social security

211,276

185,457

Other creditors

2,890,271

2,378,214

3,384,853

2,750,573

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

22,509

35,871

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£.01

100

100

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £176,200 were paid to the directors .

During the year the company operated loans with the directors of the company. The amount owed by Sandeep Nahata to the company at the year end was £96,883 (2024 - £85,149), owed by the company). . This loan is interest free, and was repaid within 9 months of the year end. No S455 has been provided for.

However, the company owed £29,797 (2024 - £30,494) to Vigya Nahata at the end of previous year

During the year the company operated a loan with a company under common ownership and directorship. The amount owed to the inter-companies at the year end was as follows:

Company

31 March 2025

31 March 2024

Talenteam India LTD

-

£250,000

Talenteam USA

£29,951

-

Mainland Dubai

£6,690

-

Talenteam Holdings Ltd

£1,060,176

-

Talenteam Consultin FZ LLC

£10,220

-

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Talenteam Holdings Limited.