Silverfin false 31/12/2021 31/12/2021 01/01/2021 J K Sergeant 16/10/2012 07 September 2022 The principal activity of the Company during the financial year was digital marketing services. 08254656 2021-12-31 08254656 bus:Director1 2021-12-31 08254656 2020-12-31 08254656 core:CurrentFinancialInstruments 2021-12-31 08254656 core:CurrentFinancialInstruments 2020-12-31 08254656 core:Non-currentFinancialInstruments 2021-12-31 08254656 core:Non-currentFinancialInstruments 2020-12-31 08254656 core:ShareCapital 2021-12-31 08254656 core:ShareCapital 2020-12-31 08254656 core:RetainedEarningsAccumulatedLosses 2021-12-31 08254656 core:RetainedEarningsAccumulatedLosses 2020-12-31 08254656 core:LandBuildings 2020-12-31 08254656 core:OtherPropertyPlantEquipment 2020-12-31 08254656 core:LandBuildings 2021-12-31 08254656 core:OtherPropertyPlantEquipment 2021-12-31 08254656 2021-01-01 2021-12-31 08254656 bus:FullAccounts 2021-01-01 2021-12-31 08254656 bus:SmallEntities 2021-01-01 2021-12-31 08254656 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 08254656 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 08254656 bus:Director1 2021-01-01 2021-12-31 08254656 core:LandBuildings core:TopRangeValue 2021-01-01 2021-12-31 08254656 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-01-01 2021-12-31 08254656 2020-01-01 2020-12-31 08254656 core:LandBuildings 2021-01-01 2021-12-31 08254656 core:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 08254656 core:LandBuildings 1 2021-01-01 2021-12-31 08254656 core:OtherPropertyPlantEquipment 1 2021-01-01 2021-12-31 08254656 1 2021-01-01 2021-12-31 08254656 core:Non-currentFinancialInstruments 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Company No: 08254656 (England and Wales)

THISISCROWD LTD

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

THISISCROWD LTD

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

THISISCROWD LTD

BALANCE SHEET

As at 31 December 2021
THISISCROWD LTD

BALANCE SHEET (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 5,812 3,954
5,812 3,954
Current assets
Debtors 4 232,091 223,916
Cash at bank and in hand 30,949 94,772
263,040 318,688
Creditors
Amounts falling due within one year 5 ( 131,587) ( 105,088)
Net current assets 131,453 213,600
Total assets less current liabilities 137,265 217,554
Creditors
Amounts falling due after more than one year 6 ( 103,125) ( 145,787)
Net assets 34,140 71,767
Capital and reserves
Called-up share capital 1 1
Profit and loss account 34,139 71,766
Total shareholder's funds 34,140 71,767

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of ThisIsCrowd Ltd (registered number: 08254656) were approved and authorised for issue by the Director on 07 September 2022. They were signed on its behalf by:

J K Sergeant
Director
THISISCROWD LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
THISISCROWD LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ThisIsCrowd Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20-22 Wenlock Road, London, N1 7GU, United Kingdom. The principal place of business is 6th Floor County Gates House, 300 Poole Road, Westbourne, Dorset, BH12 1AZ.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 5 years straight line
Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities 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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including the director 16 16

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2021 9,050 75,491 84,541
Additions 0 5,035 5,035
At 31 December 2021 9,050 80,526 89,576
Accumulated depreciation
At 01 January 2021 5,430 75,157 80,587
Charge for the financial year 1,810 1,367 3,177
Rounding diff 0 0 0
At 31 December 2021 7,240 76,524 83,764
Net book value
At 31 December 2021 1,810 4,002 5,812
At 31 December 2020 3,620 334 3,954

4. Debtors

2021 2020
£ £
Trade debtors 105,248 51,646
Amounts owed by Group undertakings 102,668 83,383
Corporation tax 22,936 0
Other debtors 1,239 88,887
232,091 223,916

5. Creditors: amounts falling due within one year

2021 2020
£ £
Bank loans 41,250 50,687
Trade creditors 19,431 17,134
Other creditors 44,969 19,341
Other taxation and social security 25,937 17,926
131,587 105,088

6. Creditors: amounts falling due after more than one year

2021 2020
£ £
Bank loans 103,125 145,787

There are no amounts included above in respect of which any security has been given by the small entity.

7. Ultimate controlling party

Parent Company:

The Crowd Group Ltd