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REGISTERED NUMBER: 13582196 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THINK CAPITAL MANAGEMENT UK LIMITED

THINK CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 13582196)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


THINK CAPITAL MANAGEMENT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: Mr S Shah





Secretary: Vistra Cosec Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: 13582196 (England and Wales)






THINK CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 13582196)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investments 4 32,017 18,139

CURRENT ASSETS
Debtors 5 1,244 893

CREDITORS
Amounts falling due within one year 6 (49,568 ) (22,603 )
NET CURRENT LIABILITIES (48,324 ) (21,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,307

)

(3,571

)

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 27,017 13,139
Retained earnings (43,325 ) (16,711 )
(16,307 ) (3,571 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 21 February 2025 and were signed by:





Mr S Shah - Director


THINK CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 13582196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Think Capital Management UK Limited 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 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
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 as modified by the revaluation of certain assets.

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 decrease in revaluation is recognised in other comprehensive income to the extent of any previous recognised revaluation increase. If a revaluation decrease exceeds the accumulated revaluation in other comprehensive income, the excess shall be recognised in profit and loss.

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 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.

THINK CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 13582196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost or valuation
At 1 January 2023 18,139
Revaluations 13,878
At 31 December 2023 32,017
Net book value
At 31 December 2023 32,017
At 31 December 2022 18,139

Cost or valuation at 31 December 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 13,878
Valuation in 2022 13,139
Cost 5,000
32,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,244 893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 12,043 2,629
Taxation and social security 18,545 12,574
Other creditors 18,980 7,400
49,568 22,603

7. RELATED PARTY DISCLOSURES

Included in creditors is £12,043 (2022: £2,629) owed to Think Investments Europe LLP, an entity in which the company is a partner. This loan is unsecured, interest free and has no set terms for repayment.