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REGISTERED NUMBER: 05132384 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

THINK VENTURES LIMITED

THINK VENTURES LIMITED (REGISTERED NUMBER: 05132384)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THINK VENTURES LIMITED

Company Information
for the Year Ended 31st May 2024







DIRECTORS: C G Nash
Mrs L M Nash





SECRETARY: Mrs L M Nash





REGISTERED OFFICE: The Mill House
Windmill Lane
Bursledon
Southampton
Hampshire
SO31 8BG





REGISTERED NUMBER: 05132384 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

THINK VENTURES LIMITED (REGISTERED NUMBER: 05132384)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 730 970

CURRENT ASSETS
Debtors 5 16,000 16,011
Cash at bank 26 31
16,026 16,042
CREDITORS
Amounts falling due within one year 6 17,266 17,615
NET CURRENT LIABILITIES (1,240 ) (1,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(510

)

(603

)

PROVISIONS FOR LIABILITIES - 184
NET LIABILITIES (510 ) (787 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (610 ) (887 )
SHAREHOLDERS' FUNDS (510 ) (787 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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.

THINK VENTURES LIMITED (REGISTERED NUMBER: 05132384)

Balance Sheet - continued
31st May 2024


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 26th February 2025 and were signed on its behalf by:





C G Nash - Director


THINK VENTURES LIMITED (REGISTERED NUMBER: 05132384)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Think Ventures 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.

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.

At 31st May 2024 the company's liabilities exceeded its assets by £452. These accounts have been prepared on the going concern basis as the director and related company will not seek repayment of their outstanding debts until such time as funds permit.

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 reducing balance

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 NIL (2023 - NIL).

THINK VENTURES LIMITED (REGISTERED NUMBER: 05132384)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 3,140
DEPRECIATION
At 1st June 2023 2,170
Charge for year 240
At 31st May 2024 2,410
NET BOOK VALUE
At 31st May 2024 730
At 31st May 2023 970

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,000 16,000
Other debtors - 11
16,000 16,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 34
Taxation and social security (74 ) 358
Other creditors 17,340 17,223
17,266 17,615

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
C G Nash
Balance outstanding at start of year 16,638 17,971
Amounts advanced 65 67
Amounts repaid - (1,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,703 16,638

THINK VENTURES LIMITED (REGISTERED NUMBER: 05132384)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is C G Nash.