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Unaudited Financial Statements |
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for the Period 1 December 2019 to 31 August 2020 |
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for |
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Talents Squared Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 December 2019 to 31 August 2020 |
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for |
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Talents Squared Limited |
Talents Squared Limited (Registered number: 11524092) |
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Contents of the Financial Statements |
for the period 1 December 2019 to 31 August 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Talents Squared Limited |
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Company Information |
for the period 1 December 2019 to 31 August 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2nd Floor |
Hygeia House |
66 College Road |
Harrow |
Middlesex |
HA1 1BE |
Talents Squared Limited (Registered number: 11524092) |
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Statement of Financial Position |
31 August 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 6 |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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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. |
Talents Squared Limited (Registered number: 11524092) |
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Statement of Financial Position - continued |
31 August 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Talents Squared Limited (Registered number: 11524092) |
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Notes to the Financial Statements |
for the period 1 December 2019 to 31 August 2020 |
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1. | STATUTORY INFORMATION |
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Talents Squared Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Fixed asset investments |
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Talents Squared Limited (Registered number: 11524092) |
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Notes to the Financial Statements - continued |
for the period 1 December 2019 to 31 August 2020 |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
Additions |
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At 31 August 2020 |
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NET BOOK VALUE |
At 31 August 2020 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Amounts owed to participating interests | 37,430 | - |
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7. | RELATED PARTY DISCLOSURES |
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Included in creditors due after more than one year is an amount of £37,430 (2019: £Nil) due to a company in which the director and shareholder has a participating interest. |