Silverfin false false 31/03/2024 01/04/2023 31/03/2024 S M Kotecha 12/10/2015 M Kotecha 12/10/2015 19 February 2025 The principal activity of the Company during the financial year was acting as a personal service company for the directors. 09818861 2024-03-31 09818861 bus:Director1 2024-03-31 09818861 bus:Director2 2024-03-31 09818861 core:CurrentFinancialInstruments 2024-03-31 09818861 core:CurrentFinancialInstruments 2023-03-31 09818861 2023-03-31 09818861 core:ShareCapital 2024-03-31 09818861 core:ShareCapital 2023-03-31 09818861 core:RetainedEarningsAccumulatedLosses 2024-03-31 09818861 core:RetainedEarningsAccumulatedLosses 2023-03-31 09818861 core:CurrentFinancialInstruments 10 2024-03-31 09818861 core:CurrentFinancialInstruments 10 2023-03-31 09818861 2023-04-01 2024-03-31 09818861 bus:FilletedAccounts 2023-04-01 2024-03-31 09818861 bus:SmallEntities 2023-04-01 2024-03-31 09818861 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09818861 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09818861 bus:Director1 2023-04-01 2024-03-31 09818861 bus:Director2 2023-04-01 2024-03-31 09818861 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 09818861 (England and Wales)

THINK MARKET LIMITED

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

THINK MARKET LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

THINK MARKET LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
THINK MARKET LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS S M Kotecha
M Kotecha
REGISTERED OFFICE 63-66 Hatton Garden
Fifth Floor
Suite 23
London
EC1N 8LE
United Kingdom
COMPANY NUMBER 09818861 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
4th Floor Cumberland House
15-17 Cumberland Place
Southampton
Hampshire
SO15 2BG
THINK MARKET LIMITED

BALANCE SHEET

As at 31 March 2024
THINK MARKET LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Debtors 3 2,967,878 2,940,922
Cash at bank and in hand 4 51,812 772,687
3,019,690 3,713,609
Creditors: amounts falling due within one year 5 ( 42,627) ( 416,831)
Net current assets 2,977,063 3,296,778
Total assets less current liabilities 2,977,063 3,296,778
Net assets 2,977,063 3,296,778
Capital and reserves
Called-up share capital 2 2
Profit and loss account 2,977,061 3,296,776
Total shareholders' funds 2,977,063 3,296,778

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 Market Limited (registered number: 09818861) were approved and authorised for issue by the Board of Directors on 19 February 2025. They were signed on its behalf by:

M Kotecha
Director
THINK MARKET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
THINK MARKET LIMITED

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 Market Limited (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 63-66 Hatton Garden, Fifth Floor, Suite 23, London, EC1N 8LE, 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 Market Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

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

3. Debtors

2024 2023
£ £
Trade debtors 0 450,025
Amounts owed by Group undertakings 2,860,094 2,460,094
Amounts owed by directors 67,050 30,633
Corporation tax 26,032 0
Other taxation and social security 14,702 170
2,967,878 2,940,922

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 51,812 772,687

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 4,095 640
Taxation and social security 38,532 416,191
42,627 416,831