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REGISTERED NUMBER: 10975463 (England and Wales)















FRESH THINKING MANAGEMENT LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023






FRESH THINKING MANAGEMENT LTD (REGISTERED NUMBER: 10975463)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESH THINKING MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTORS: Ms M A Hird
A J Walls





REGISTERED OFFICE: Park House
Park Square West
Leeds
West Yorkshire
LS1 2PW





REGISTERED NUMBER: 10975463 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

FRESH THINKING MANAGEMENT LTD (REGISTERED NUMBER: 10975463)

BALANCE SHEET
30 DECEMBER 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,250 7,350
Tangible assets 5 9,275 1,916
Investments 6 1,999 1,999
16,524 11,265

CURRENT ASSETS
Debtors 7 5,037,330 5,053,276
Cash at bank 16,282 55,693
5,053,612 5,108,969
CREDITORS
Amounts falling due within one year 8 3,793,823 4,144,554
NET CURRENT ASSETS 1,259,789 964,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,276,313

975,680

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,275,313 974,680
SHAREHOLDERS' FUNDS 1,276,313 975,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FRESH THINKING MANAGEMENT LTD (REGISTERED NUMBER: 10975463)

BALANCE SHEET - continued
30 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by:




Ms M A Hird - Director



A J Walls - Director


FRESH THINKING MANAGEMENT LTD (REGISTERED NUMBER: 10975463)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023


1. STATUTORY INFORMATION

Fresh Thinking Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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.


FRESH THINKING MANAGEMENT LTD (REGISTERED NUMBER: 10975463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 December 2022
and 30 December 2023 12,600
AMORTISATION
At 31 December 2022 5,250
Charge for year 2,100
At 30 December 2023 7,350
NET BOOK VALUE
At 30 December 2023 5,250
At 30 December 2022 7,350

FRESH THINKING MANAGEMENT LTD (REGISTERED NUMBER: 10975463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 31 December 2022 54,389
Additions 9,276
Disposals (15,389 )
At 30 December 2023 48,276
DEPRECIATION
At 31 December 2022 52,473
Charge for year 1,917
Eliminated on disposal (15,389 )
At 30 December 2023 39,001
NET BOOK VALUE
At 30 December 2023 9,275
At 30 December 2022 1,916

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 December 2022
and 30 December 2023 1,999
NET BOOK VALUE
At 30 December 2023 1,999
At 30 December 2022 1,999

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fresh Thinking Capital Ltd
Registered office: Park House, Park Square West, Leeds LS1 2PW
Nature of business: Other Financial , Except Insurance And P
%
Class of shares: holding
Ordinary 100.00
30.12.23 30.12.22
£    £   
Aggregate capital and reserves 34,697 97,259
Profit/(loss) for the year/period 137,438 (420,090 )

FRESH THINKING MANAGEMENT LTD (REGISTERED NUMBER: 10975463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023


6. FIXED ASSET INVESTMENTS - continued

Fresh Thinking Capital Two Ltd
Registered office: Park House, Park Square West, Leeds, LS1 2PW
Nature of business: Credit granting by non-deposit taking
%
Class of shares: holding
A Ordinary 100.00
30.12.23 30.12.22
£    £   
Aggregate capital and reserves 153,013 412,029
Profit for the year/period 540,984 240,372

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Amounts owed by group undertakings 4,999,056 5,022,168
Other debtors 38,274 31,108
5,037,330 5,053,276

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade creditors 11,381 16,011
Amounts owed to group undertakings 3,663,739 4,003,642
Taxation and social security 5,469 7,737
Directors' current accounts 4,144 14,014
Accrued expenses 109,090 103,150
3,793,823 4,144,554

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.12.23 30.12.22
value: £    £   
1,000 Ordinary A £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is We Are Finance Ltd.