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REGISTERED NUMBER: OC386815 (England and Wales)















FRESH THINKING PARTNERS TWO LLP

FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2024






FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESH THINKING PARTNERS TWO LLP

GENERAL INFORMATION
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2024







DESIGNATED MEMBERS: Ms M A Hird
A J Walls





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





REGISTERED NUMBER: OC386815 (England and Wales)





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

FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 984,491 1,185

CURRENT ASSETS
Debtors 5 36,230 1,116
Cash at bank 497 23,640
36,727 24,756
CREDITORS
Amounts falling due within one year 6 1,020,525 6,563
NET CURRENT (LIABILITIES)/ASSETS (983,798 ) 18,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

693

19,378

CREDITORS
Amounts falling due after more than one
year

7

-

19,378
NET ASSETS ATTRIBUTABLE TO
MEMBERS

693

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

693

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 693 -
Amounts due from members 5 - (1,116 )
693 (1,116 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 January 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

BALANCE SHEET - continued
31 JANUARY 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 October 2024 and were signed by:




Ms M A Hird - Designated member




A J Walls - Designated member


FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2024


1. STATUTORY INFORMATION

Fresh Thinking Partners Two Llp is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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

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

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 - 6,749 6,749
Additions 983,713 - 983,713
At 31 January 2024 983,713 6,749 990,462
DEPRECIATION
At 1 August 2022 - 5,564 5,564
Charge for period - 407 407
At 31 January 2024 - 5,971 5,971
NET BOOK VALUE
At 31 January 2024 983,713 778 984,491
At 31 July 2022 - 1,185 1,185

FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 JANUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.7.22
£    £   
Trade debtors 30,000 -
Other debtors 6,230 1,116
36,230 1,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.7.22
£    £   
Taxation and social security - 138
Other creditors 1,020,525 6,425
1,020,525 6,563

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.7.22
£    £   
Bank loans - 19,378

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.