Talenthawk Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—9

1. General Information

Talenthawk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07376351 . The registered office is Pippingford Manor, Pippingford Estate, Nutley, East Sussex, TN22 3HW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised to profit and loss account over the estimated economic life of 10 years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Trademarks

10% straight line

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% reducing balance
Computer Equipment	33.3% straight line

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Talenthawk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.7. Financial Instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

...CONTINUED

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Talenthawk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Financial Instruments - continued

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.11. Valuation of Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in other investments, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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Talenthawk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 18)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	3,285

As at 31 December 2025	3,285

Amortisation
As at 1 January 2025	1,699
Provided during the period	172

As at 31 December 2025	1,871

Net Book Value
As at 31 December 2025	1,414

As at 1 January 2025	1,586

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	9,899	40,856	50,755
Additions	-	4,610	4,610

As at 31 December 2025	9,899	45,466	55,365

Depreciation
As at 1 January 2025	6,122	37,556	43,678
Provided during the period	757	3,837	4,594

As at 31 December 2025	6,879	41,393	48,272

Net Book Value
As at 31 December 2025	3,020	4,073	7,093

As at 1 January 2025	3,777	3,300	7,077

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Talenthawk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	28,966	4,705	33,671
Fair value adjustments	-	61	61

As at 31 December 2025	28,966	4,766	33,732

Provision
As at 1 January 2025	-	-	-

As at 31 December 2025	-	-	-

Net Book Value
As at 31 December 2025	28,966	4,766	33,732

As at 1 January 2025	28,966	4,705	33,671

In the year to December 2021 Talenthawk Limited acquired 100% of the share capital of Talenthawk GmbH, a company registered in Germany. The shares are shown at cost.

The other investments are made up of a work of art at cost, and a 75 year debenture held with the Rugby Football Union which commenced in June 2017.

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,148,164	1,372,622
Amounts owed by group undertakings	290,160	311,209
Other debtors	252,770	600,737

	1,691,094	2,284,568

There is an invoice discounting agreement in place between Talenthawk Limited and the Royal Bank of Scotland Invoice Finance Limited. Talenthawk Limited can use this facility to draw down a percentage of the value of certain sales invoices.

Amounts due to Talenthawk Limited as a result of invoice discounting are disclosed in trade debtors £1,065,966 (2024: £1,301,553) and other debtors £18,316 (2024: £Nil). Amounts owed by Talenthawk Limited are disclosed in other creditors £Nil (2024: £192,736).

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Talenthawk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	562,423	562,423
Bank loans and overdrafts	5,285	10,383
Other creditors	369,215	572,695
Taxation and social security	219,714	287,199

	1,156,637	1,432,700

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	5,285

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	25,876	28,462
Later than one year and not later than five years	13,910	14,130

	39,786	42,592

12. Directors Advances, Credits and Guarantees

Included within other creditors is a loan from the directors, Mrs E Gray and Mr D Gray, amounting to £163 (2024 other debtor balance: £184,129).

During the year advances of £949,505 (2024: £1,280,702) were made to the directors and credits amounting to £1,137,000 (2024: £1,176,500) were received from the directors. Interest has been charged at the H M Revenue & Customs official rate.

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Talenthawk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Related Party Transactions

The company has taken advantage of the exemption provided by FRS102 Section 33.1A from disclosing transactions with entities that are 100% wholly owned. As subsidiaries listed in note 6 are wholly owned, transactions with these entities are not disclosed.

Amounts outstanding to/from wholly owned subsidiary undertakings are disclosed in notes 7 and 8.

14. Ultimate Controlling Party

The company was under the control of Mrs E Gray throughout the current period. Mrs E Gray is the managing director and majority shareholder.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,414		1,586
Tangible Assets	5		7,093		7,077
Investments	6		33,732		33,671

			42,239		42,334
CURRENT ASSETS
Debtors	7	1,691,094		2,284,568
Cash at bank and in hand		278,296		37,825

		1,969,390		2,322,393
Creditors: Amounts Falling Due Within One Year	8	(1,156,637 )		(1,432,700 )

NET CURRENT ASSETS (LIABILITIES)			812,753		889,693

TOTAL ASSETS LESS CURRENT LIABILITIES			854,992		932,027

Creditors: Amounts Falling Due After More Than One Year	9		-		(5,285 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,773 )		(1,769 )

NET ASSETS			853,219		924,973

CAPITAL AND RESERVES
Called up share capital	10		200		200
Profit and Loss Account			853,019		924,773

SHAREHOLDERS' FUNDS			853,219		924,973

Mr D S Gray Director	Mrs E E Gray Director
10 August 2026