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Company No: 11778559 (England and Wales)

THINK INVEST LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

THINK INVEST LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

THINK INVEST LTD

COMPANY INFORMATION

For the financial year ended 31 March 2024
THINK INVEST LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS S Kotecha
M Kotecha
REGISTERED OFFICE 20-22 Wenlock Road
London
N1 7GU
United Kingdom
COMPANY NUMBER 11778559 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
4th Floor Cumberland House
15-17 Cumberland Place
Southampton
Hampshire
SO15 2BG
THINK INVEST LTD

BALANCE SHEET

As at 31 March 2024
THINK INVEST LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 3,513,809 3,282,059
3,513,809 3,282,059
Current assets
Debtors 4 12,842 14,101
Cash at bank and in hand 337,465 202,474
350,307 216,575
Creditors: amounts falling due within one year 5 ( 3,060,469) ( 2,580,126)
Net current liabilities (2,710,162) (2,363,551)
Total assets less current liabilities 803,647 918,508
Creditors: amounts falling due after more than one year 6 ( 591,230) ( 880,335)
Net assets 212,417 38,173
Capital and reserves
Called-up share capital 2 2
Profit and loss account 212,415 38,171
Total shareholders' funds 212,417 38,173

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Think Invest Ltd (registered number: 11778559) were approved and authorised for issue by the Board of Directors on 24 March 2025. They were signed on its behalf by:

M Kotecha
Director
THINK INVEST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
THINK INVEST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Think Invest Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20-22 Wenlock Road, London, England, N1 7GU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Think Invest Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

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

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 3,282,059
Additions 231,750
As at 31 March 2024 3,513,809

4. Debtors

2024 2023
£ £
Other debtors 12,842 14,101

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 33,708 0
Taxation and social security 59,652 8,953
Other creditors 2,967,109 2,571,173
3,060,469 2,580,126

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 591,230 880,335