Registration number: 5212381

Creative Talent Management Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Creative Talent Management Ltd

(Registration number: 5212381)
Balance Sheet as at 29 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	216,010	115,387
Current assets
Debtors	5	32,551	32,662
Cash at bank and in hand		5,313	19,674
		37,864	52,336
Creditors: Amounts falling due within one year	6	(40,269)	(42,690)
Net current (liabilities)/assets		(2,405)	9,646
Total assets less current liabilities		213,605	125,033
Creditors: Amounts falling due after more than one year	6	(94,991)	(14,903)
Provisions for liabilities		(5,296)	(3,900)
Net assets		113,318	106,230
Capital and reserves
Called up share capital		100	100
Retained earnings		113,218	106,130
Shareholders' funds		113,318	106,230

Creative Talent Management Ltd

(Registration number: 5212381)
Balance Sheet as at 29 September 2025

For the financial year ending 29 September 2025 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 June 2026
 

......................................... K R Furber Director

Creative Talent Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Horsehill Bungalow
Accrington Road
Hapton
Burnley
Lancashire
BB11 5QJ

These financial statements were authorised for issue by the director on 26 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Creative Talent Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and building	5% straight line
Office equipment	33% reducing balance
Furniture fittings and equipment	25% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creative Talent Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creative Talent Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Creative Talent Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 30 September 2024	161,061	157,038	26,083	344,182
Additions	-	3,041	112,575	115,616
At 29 September 2025	161,061	160,079	138,658	459,798
Depreciation
At 30 September 2024	68,071	144,293	16,431	228,795
Charge for the year	8,053	3,525	3,415	14,993
At 29 September 2025	76,124	147,818	19,846	243,788
Carrying amount
At 29 September 2025	84,937	12,261	118,812	216,010
At 29 September 2024	92,990	12,745	9,652	115,387

5

Debtors

Current	2025 £	2024 £
Trade debtors	16,086	32,529
Prepayments	2,285	133
Other debtors	14,180	-
	32,551	32,662

Creative Talent Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	10,269	13,887
Trade creditors		474	1,027
Taxation and social security		13,768	19,850
Accruals and deferred income		3,120	1,200
Other creditors		12,638	6,726
		40,269	42,690

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £12,355 (2024 - £13,887).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	94,991	14,903

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £96,991 (2024 - £14,903).

Creative Talent Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2025

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	14,903
Hire purchase contracts	94,991	-
	94,991	14,903

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	13,887
Hire purchase contracts	10,269	-
	10,269	13,887

Hire purchase contracts are secured on the assets to which they relate.