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Company Registration No. 13216075 (England and Wales)
Thinkwise Ventures Limited Unaudited accounts for the year ended 28 February 2023
Thinkwise Ventures Limited Unaudited accounts Contents
Page
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Thinkwise Ventures Limited Company Information for the year ended 28 February 2023
Directors
Prajakta Iyer Vijay Muralidharan
Company Number
13216075 (England and Wales)
Registered Office
1 Papermill Avenue Hook Hampshire RG27 9QU
Accountants
Black & White Chartered Certified Accountants 2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
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Thinkwise Ventures Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
464 
- 
Investment property
213,600 
- 
214,064 
- 
Current assets
Cash at bank and in hand
135,888 
- 
Creditors: amounts falling due within one year
(1,210)
2 
Net current assets
134,678 
2 
Total assets less current liabilities
348,742 
2 
Creditors: amounts falling due after more than one year
(352,029)
- 
Net (liabilities)/assets
(3,287)
2 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(3,289)
- 
Shareholders' funds
(3,287)
2 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by
Vijay Muralidharan Director Company Registration No. 13216075
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Thinkwise Ventures Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Thinkwise Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 13216075. The registered office is 1 Papermill Avenue, Hook, Hampshire, RG27 9QU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
- 
Additions
619 
At 28 February 2023
619 
Depreciation
Charge for the year
155 
At 28 February 2023
155 
Net book value
At 28 February 2023
464 
5
Investment property
2023 
£ 
Additions
213,600 
At 28 February 2023
213,600 
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Thinkwise Ventures Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
170 
- 
Loans from directors
320 
(2)
Accruals
720 
- 
1,210 
(2)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
152,029 
- 
Other creditors
200,000 
- 
352,029 
- 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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