REGISTERED NUMBER: 10975463 (England and Wales)

FRESH THINKING MANAGEMENT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M A Hird

A J Walls

REGISTERED OFFICE:

Park House

Park Square West

Leeds

West Yorkshire

LS1 2PW

REGISTERED NUMBER:

10975463 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Intangible assets

4

3,150

5,250

Tangible assets

5

6,818

9,275

Investments

6

1,999

1,999

11,967

16,524

CURRENT ASSETS

Debtors

7

5,024,731

5,037,330

Cash at bank

59,710

16,282

5,084,441

5,053,612

CREDITORS

Amounts falling due within one year

8

3,289,247

3,793,823

NET CURRENT ASSETS

1,795,194

1,259,789

TOTAL ASSETS LESS CURRENT LIABILITIES

1,807,161

1,276,313

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

1,806,161

1,275,313

SHAREHOLDERS' FUNDS

1,807,161

1,276,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 3 September 2025 and were signed on its behalf by:

Ms M A Hird - Director

A J Walls - Director

1.	STATUTORY INFORMATION

Fresh Thinking Management Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Computer software is being amortised evenly over its estimated useful life of four 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

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 December 2023

and 30 December 2024

12,600

AMORTISATION

At 31 December 2023

7,350

Charge for year

2,100

At 30 December 2024

9,450

NET BOOK VALUE

At 30 December 2024

3,150

At 30 December 2023

5,250

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 31 December 2023

48,276

Additions

522

At 30 December 2024

48,798

DEPRECIATION

At 31 December 2023

39,001

Charge for year

2,979

At 30 December 2024

41,980

NET BOOK VALUE

At 30 December 2024

6,818

At 30 December 2023

9,275

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 December 2023

and 30 December 2024

1,999

NET BOOK VALUE

At 30 December 2024

1,999

At 30 December 2023

1,999

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fresh Thinking Capital Ltd

Registered office: Park House, Park Square West, Leeds LS1 2PW

Nature of business: Other Financial , Except Insurance And P

%

Class of shares:

holding

Ordinary

100.00

30.12.24

30.12.23

£

£

Aggregate capital and reserves

1,779

34,697

Profit for the year

242,082

137,438

Fresh Thinking Capital Two Ltd

Registered office: Park House, Park Square West, Leeds, LS1 2PW

Nature of business: Credit granting by non-deposit taking

%

Class of shares:

holding

A Ordinary

99.00

30.12.24

30.12.23

£

£

Aggregate capital and reserves

40,855

153,013

Profit for the year

787,842

540,984

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Amounts owed by group undertakings

4,982,832

4,999,056

Other debtors

41,899

38,274

5,024,731

5,037,330

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade creditors

8,669

11,381

Amounts owed to group undertakings

3,176,684

3,663,739

Taxation and social security

6,728

5,469

Directors' current accounts

4,266

4,144

Accrued expenses

92,900

109,090

3,289,247

3,793,823

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.12.24

30.12.23

value:

£

£

1,000

Ordinary A

£1

1,000

1,000

10.	ULTIMATE CONTROLLING PARTY

The controlling party is We Are Finance Ltd.