REGISTERED NUMBER: 05214342 (England and Wales)

CHIUMENTO LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I Gooden

Mr M Burgneay

Mr D Hamilton

REGISTERED OFFICE:

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

REGISTERED NUMBER:

05214342 (England and Wales)

AUDITORS:

APC Accountants Limited

Chartered Accountants

and Statutory Auditors

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

BANKERS:

Barclays Bank plc

Leicester

LE87 2BB

FIXED ASSETS

Intangible assets

5

190,412

213,093

Tangible assets

6

2,708

2,891

Investments

7

102

51,852

193,222

267,836

CURRENT ASSETS

Debtors

8

235,157

121,231

Cash at bank

77,480

102,150

312,637

223,381

CREDITORS

Amounts falling due within one year

9

275,162

282,467

NET CURRENT ASSETS/(LIABILITIES)

37,475

(59,086

)

TOTAL ASSETS LESS CURRENT LIABILITIES

230,697

208,750

CREDITORS

Amounts falling due after more than one year

10

22,516

28,030

NET ASSETS

208,181

180,720

CAPITAL AND RESERVES

Called up share capital

12

12

12

Share premium

15,949

15,949

Capital redemption reserve

1

1

Retained earnings

192,219

164,758

SHAREHOLDERS' FUNDS

208,181

180,720

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

Mr M Burgneay - Director

Mr I Gooden - Director

Mr D Hamilton - Director

1.	STATUTORY INFORMATION

Chiumento 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The estimate and assumptions that have the greatest level of uncertainty are as follows:

Goodwill, Intellectual Property and Branding

In relation to intangible assets that was generated upon the hive up of the business operations, assets and liabilities of Chiumento Consulting Limited, the company has carried out a review and decided to allocate the assets to Intellectual Property and Branding and Goodwill being split as one third to two thirds. This is in relation to the directors' belief and assessment that the future cash flows of the Intellectual Property and Branding justifies the basis and has a 20 year useful life in respect of income streams.

Deferred income

Relates to the recognition of income in proportion to contractual arrangements. Income for outplacement fees is recognised on a proportional basis in line with the percentage completeness of the contracted service.

Turnover

All turnover is accounted for net of VAT and in accordance with agreements in place, as follows:

Outplacement fees

Outplacement fees are recognised on a proportional basis in line with the percentage completeness of the contracted service

Placement fees

Interim placement fees are recognised in line with the hours worked by interim staff. Permanent placement fees are recognised in full on successful placement of candidates.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten 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.

Intellectual Property and Branding are being amortised evenly over their estimated useful life of twenty years.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Fixed asset investments are stated at cost less provision for diminution in value.

Financial instruments

Financial instruments 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the income statement. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development

Expenditure on research is written off to the income statement in the year in which it is incurred.

Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is capitalised and amortised over the period during which the company is expected to benefit.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's scheme are charged to the income statement in the period to which they relate.

Share-based payments

The company has issued share options to certain directors and employees. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", which does not require equity-settled share based payment arrangements to be recognised as an expense.

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by sections 399 of the Companies Act 2006 not to prepare group accounts.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Intellectual

Property

and

Development

Goodwill

Branding

costs

Totals

£

£

£

£

COST

At 1 October 2024

176,413

332,397

22,063

530,873

Disposals

-

-

(22,063

)

(22,063

)

At 30 September 2025

176,413

332,397

-

508,810

AMORTISATION

At 1 October 2024

134,641

161,076

22,063

317,780

Amortisation for year

10,443

12,238

-

22,681

Eliminated on disposal

-

-

(22,063

)

(22,063

)

At 30 September 2025

145,084

173,314

-

318,398

NET BOOK VALUE

At 30 September 2025

31,329

159,083

-

190,412

At 30 September 2024

41,772

171,321

-

213,093

6.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 October 2024

3,898

5,099

8,997

Additions

-

1,123

1,123

Disposals

(3,898

)

-

(3,898

)

At 30 September 2025

-

6,222

6,222

DEPRECIATION

At 1 October 2024

3,898

2,208

6,106

Charge for year

-

1,306

1,306

Eliminated on disposal

(3,898

)

-

(3,898

)

At 30 September 2025

-

3,514

3,514

NET BOOK VALUE

At 30 September 2025

-

2,708

2,708

At 30 September 2024

-

2,891

2,891

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

51,852

Disposals

(51,750

)

At 30 September 2025

102

NET BOOK VALUE

At 30 September 2025

102

At 30 September 2024

51,852

Chiumento Limited waived control of Chiumento International (£51,750) to the Parent Company.

Remaining investments are CareerGift Limited £2 (2024: £2) and Chiumento Recruitment Solutions Limited £100 (2024: £100).

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

111,172

68,226

Amounts owed by group undertakings

119,735

52,068

Prepayments and accrued income

4,250

937

235,157

121,231

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,514

5,551

Trade creditors

20,456

6,567

Amounts owed to group undertakings

-

51,752

Corporation tax

27,183

38,511

Social security and other taxes

6,788

6,020

VAT

24,214

21,186

Other creditors

7,842

12,730

Pension

3,094

3,055

Directors' current accounts

15,327

11,976

Accruals and deferred income

164,744

125,119

275,162

282,467

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,514

5,563

Bank loans - 2-5 years

17,002

16,507

Bank loans more than 5 years

-

5,960

22,516

28,030

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

5,960

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

28,030

33,581

The bank loan is secured over a fixed and floating charge over the company's assets.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,154

Ordinary

1p

12

12

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Pincott ACA, FCCA, ATT (Senior Statutory Auditor)

for and on behalf of APC Accountants Limited

14.	CAPITAL COMMITMENTS

The company had no capital commitments, or contingent liabilities at the balance sheet date.

15.	RELATED PARTY DISCLOSURES

During the period the company provided net financial assistance to group companies of £107,000 (2024: £109,100).

The company held interest free loans to and from other group companies during the year.

At the balance sheet date the amounts owed by the group companies was £119,735 (2024: £52,068), the amounts owed to group companies was £Nil (2024: £51,752)

The company is a wholly owned subsidiary of Aldeburgh Holdings Limited a company registered in England & Wales. Registered office:7 St. John Street, Mansfield, Nottinghamshire, England, NG18 1QH. (Registration number 11723846).

16.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Gooden.