REGISTERED NUMBER: 06046813 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 January 2025

for

Talent Enterprises Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D A C Perks

SECRETARY:

Mrs K Perks

REGISTERED OFFICE:

25 Eccleston Place

LONDON

SW1W 9NF

REGISTERED NUMBER:

06046813 (England and Wales)

FIXED ASSETS

20,998

Intangible assets

5

9,182

302

Tangible assets

6

97

-

Investments

7

20,000

21,300

29,279

CURRENT ASSETS

27,408

Debtors

8

81,909

94,424

Cash and cash equivalents

176,611

121,832

258,520

CREDITORS

223,277

Amounts falling due within one year

116,796

(101,445

)

NET CURRENT ASSETS/(LIABILITIES)

141,724

(80,145

)

TOTAL ASSETS LESS CURRENT LIABILITIES

171,003

CREDITORS

15,505

Amounts falling due after more than one year

4,882

(95,650

)

NET ASSETS/(LIABILITIES)

166,121

CAPITAL AND RESERVES

100,000

Called up share capital

10

85,000

100,000

Share Premium

11

100,000

-

Capital Redemption Reserve

11

15,000

(295,650

)

Retained earnings

11

(33,879

)

(95,650

)

SHAREHOLDERS' FUNDS

166,121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 30 April 2026 and were signed by:

D A C Perks - Director

1.	STATUTORY INFORMATION

Talent Enterprises Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Critical accounting judgements and key sources of estimation uncertainty

The director has made no key judgements or estimations in preparing these financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

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.

Website Design Costs are being amortised evenly over their estimated useful life of seven 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 & Machinery

-

at varying methods

Fixtures & Fittings

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Going concern

On the basis of his assessment of the company's forecast, current financial performance and position, the director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the company to continue as a going concern. Hence, the company continues to adopt the going concern basis of accounting in preparing the financial statements.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

247,580

AMORTISATION

At 1 February 2024

226,582

Amortisation for year

11,816

At 31 January 2025

238,398

NET BOOK VALUE

At 31 January 2025

9,182

At 31 January 2024

20,998

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

4,442

DEPRECIATION

At 1 February 2024

4,140

Charge for year

205

At 31 January 2025

4,345

NET BOOK VALUE

At 31 January 2025

97

At 31 January 2024

302

7.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

20,000

At 31 January 2025

20,000

NET BOOK VALUE

At 31 January 2025

20,000

8.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Amounts owed by associates

25,000

-

9.	DEFERRED TAX

£

Balance at 1 February 2024

(158

)

Accelerated Capital Allowances

(51

)

Balance at 31 January 2025

(209

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

85,000

Ordinary

£1

85,000

100,000

Purchase of Own Shares

In October 2024, the company entered into an agreement to purchase 15,000 of its own ordinary shares for a total consideration of £45,000. The purchase was funded out of distributable profits and the shares were subsequently cancelled. Form SH03 was filed with the Registrar of Companies in February 2025.

11.

RESERVES

Capital

Retained

Share

Redemption

Totals

earnings

Premium

Reserve

£

£

£

£

At 1 February 2024

(195,650

)

(295,650

)

100,000

-

Profit for the year

361,771

361,771

Dividends

(55,000

)

(55,000

)

Purchase of Own Shares

(30,000

)

(45,000

)

-

15,000

At 31 January 2025

81,121

(33,879

)

100,000

15,000

Accumulated Losses

Retained earnings represent cumulative profits or losses, net of dividends paid and other adjustments.

12.	RELATED PARTY DISCLOSURES

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A C Perks.