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REGISTERED NUMBER: 12319252 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

THOUGHTLEADERS4 LIMITED

THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 8


THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 30.11.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 7,611 12,886
Tangible assets 5 21,344 21,712
28,955 34,598

CURRENT ASSETS
Debtors 6 1,114,115 904,323
Cash at bank and in hand 612,323 602,521
1,726,438 1,506,844
CREDITORS
Amounts falling due within one year 7 (1,704,118 ) (1,492,666 )
NET CURRENT ASSETS 22,320 14,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,275

48,776

PROVISIONS FOR LIABILITIES (5,336 ) (5,428 )
NET ASSETS 45,939 43,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,839 43,248
45,939 43,348

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





C Leese - Director


THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


1. STATUTORY INFORMATION

ThoughtLeaders4 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12319252

Registered office: C/O D P C
Stone House
55 Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

The principal activity of the company during the year was that of a full-service legal events and content provider.

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.

The financial statements are prepared in sterling, which is the functional currency of entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as described below.

As described in the accounting policies of the financial statements, depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

REVENUE RECOGNITION
The company provides full-service legal events and is a content provider. Income for events is recognised in the period the event is held. Income for memberships is recognised in the period it is received.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website cost is being amortised evenly over its estimated useful life of 3 years. Trademarks are being amortised evenly over their estimated useful life of 10 years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EMPLOYEE BENEFITS
The company provides a range of benefits to employees.

Short term benefits, including holiday pay, are recognised as an expenses in the profit and loss account in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2023 - 22 ) .

THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill Trademarks Website Totals
£    £    £    £   
COST
At 1 December 2023
and 31 December 2024 5,500 2,450 36,249 44,199
AMORTISATION
At 1 December 2023 1,100 980 29,233 31,313
Amortisation for period 596 265 4,414 5,275
At 31 December 2024 1,696 1,245 33,647 36,588
NET BOOK VALUE
At 31 December 2024 3,804 1,205 2,602 7,611
At 30 November 2023 4,400 1,470 7,016 12,886

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023 34,623
Additions 12,863
At 31 December 2024 47,486
DEPRECIATION
At 1 December 2023 12,911
Charge for period 13,231
At 31 December 2024 26,142
NET BOOK VALUE
At 31 December 2024 21,344
At 30 November 2023 21,712

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.11.23
£    £   
Trade debtors 430,143 625,873
Directors' current accounts 99,283 -
Prepayments 584,689 278,450
1,114,115 904,323

THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.11.23
£    £   
Trade creditors 423,219 281,088
Amounts owed to group undertakings 50,529 14,893
Tax 38,327 212,127
Social security and other taxes 35,738 31,865
VAT 133,207 58,588
Other creditors 5,761 7,424
Directors' current accounts - 137,811
Accruals and deferred income 1,017,337 748,870
1,704,118 1,492,666

Amounts owed to group companies are unsecured, interest free and repayable on demand.

8. OTHER FINANCIAL COMMITMENTS

The amount of commitments, guarantees and contingencies is £36,149 (2023: nil ).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2024 and the year ended 30 November 2023:

31.12.24 30.11.23
£    £   
C Leese
Balance outstanding at start of period (36,018 ) 15,000
Amounts advanced 222,991 255,549
Amounts repaid (163,200 ) (306,567 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 23,773 (36,018 )

P L Barford
Balance outstanding at start of period (48,592 ) -
Amounts advanced 255,121 279,608
Amounts repaid (163,200 ) (328,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 43,329 (48,592 )

D A De Alwis
Balance outstanding at start of period (53,201 ) -
Amounts advanced 248,582 274,999
Amounts repaid (163,200 ) (328,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 32,181 (53,201 )

THOUGHTLEADERS4 LIMITED (REGISTERED NUMBER: 12319252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The directors had interest free loans during the year. By virtue of the loan accounts, a liability to taxation exists under section 455 CTA 2010 in the sum of £33,508 which will be repaid or discharged when the loans are repaid. It is anticipated that the loans will be repaid within nine months of the year end and, as such, no provision for the taxation has been made.

10. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the approval of the financial statements by the board.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of TL4 Group Limited, a company incorporated in England and Wales