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REGISTERED NUMBER: 12601254 (England and Wales)















FRESH THINKING CAPITAL TWO LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023






FRESH THINKING CAPITAL TWO LTD (REGISTERED NUMBER: 12601254)

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 CAPITAL TWO 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
LS1 2PW





REGISTERED NUMBER: 12601254 (England and Wales)





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

FRESH THINKING CAPITAL TWO LTD (REGISTERED NUMBER: 12601254)

BALANCE SHEET
30 DECEMBER 2023

30.12.23 30.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 10,975,171 3,593,130
Cash at bank 988,454 662,840
11,963,625 4,255,970
CREDITORS
Amounts falling due within one year 5 3,410,612 1,283,941
NET CURRENT ASSETS 8,553,013 2,972,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,553,013

2,972,029

CREDITORS
Amounts falling due after more than one
year

6

8,400,000

2,560,000
NET ASSETS 153,013 412,029

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 152,013 411,029
153,013 412,029

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 CAPITAL TWO LTD (REGISTERED NUMBER: 12601254)

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 CAPITAL TWO LTD (REGISTERED NUMBER: 12601254)

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


1. STATUTORY INFORMATION

Fresh Thinking Capital Two 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FRESH THINKING CAPITAL TWO LTD (REGISTERED NUMBER: 12601254)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 10,700,250 3,051,750
Amounts owed by group undertakings 239,921 538,880
Other debtors 35,000 2,500
10,975,171 3,593,130

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Payments on Account 7,925 21,437
Amounts owed to group undertakings 3,142,638 1,140,778
Taxation and social security 15,004 32,012
Other creditors 13,094 26,594
Accruals and deferred income 16,454 -
Accrued expenses 215,497 63,120
3,410,612 1,283,941

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.23 30.12.22
£    £   
Other Loans 8,400,000 2,560,000

Amounts falling due in more than five years:

Repayable by instalments
Other Loans 8,400,000 2,560,000

7. ULTIMATE CONTROLLING PARTY

The controlling party is We Are Finance Ltd.