REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
24 AUGUST 2021 TO 31 DECEMBER 2022 |
FOR |
THINK CAPITAL MANAGEMENT UK LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
24 AUGUST 2021 TO 31 DECEMBER 2022 |
FOR |
THINK CAPITAL MANAGEMENT UK LIMITED |
THINK CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 13582196) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 AUGUST 2021 TO 31 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THINK CAPITAL MANAGEMENT UK LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 24 AUGUST 2021 TO 31 DECEMBER 2022 |
Director: |
Secretary: |
Registered office: |
Registered number: |
THINK CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 13582196) |
BALANCE SHEET |
31 DECEMBER 2022 |
Notes | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve |
Retained earnings | ( |
) |
( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
THINK CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 13582196) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 AUGUST 2021 TO 31 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
Think Capital Management UK Limited is a |
The Company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Think Capital Management UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiaries are held at fair value with increases recognised in other comprehensive income and accumulated in equity. |
A revaluation is carried out annually, the value of the subsidiary is equal to the company's share of the accumulated profits held in the subsidiary. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. |
Basic financial liabilities |
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price. |
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. |
Current or deferred taxation assets and liabilities are not discounted. |
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 balance sheet date. |
Going concern |
The financial statements have been prepared on a going concern basis as the company's shareholder and its subsidiary, Think Investment Europe LLP, will continue to support the company financially for at least twelve months from the date of the directors' report. The director has assessed the ability of the subsidiary to provide this support and has no concerns with the ability of the subsidiary provide this support for a period of no less than 12 months from date of signing of these financial statements. |
THINK CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 13582196) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 24 AUGUST 2021 TO 31 DECEMBER 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
Cost or valuation |
Additions |
Revaluations |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
Cost or valuation at 31 December 2022 is represented by: |
Shares in |
group |
undertakings |
£ |
Valuation in 2022 | 13,139 |
Cost | 5,000 |
18,139 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |