REGISTERED NUMBER: 12601254 (England and Wales)

FRESH THINKING CAPITAL TWO 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

LS1 2PW

REGISTERED NUMBER:

12601254 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

CURRENT ASSETS

Debtors

4

14,236,562

10,975,171

Cash at bank

733,515

988,454

14,970,077

11,963,625

CREDITORS

Amounts falling due within one year

5

4,429,222

3,410,612

NET CURRENT ASSETS

10,540,855

8,553,013

TOTAL ASSETS LESS CURRENT LIABILITIES

10,540,855

8,553,013

CREDITORS

Amounts falling due after more than one year

6

10,500,000

8,400,000

NET ASSETS

40,855

153,013

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

39,855

152,013

40,855

153,013

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 Capital Two 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.

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.

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

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 2 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade debtors

13,119,741

10,700,250

Amounts owed by group undertakings

1,010,296

239,921

Other debtors

106,525

35,000

14,236,562

10,975,171

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Payments on Account

41,718

7,925

Amounts owed to group undertakings

3,834,542

3,142,638

Taxation and social security

122,079

15,004

Other creditors

78,126

13,094

Accruals and deferred income

92,659

16,454

Accrued expenses

260,098

215,497

4,429,222

3,410,612

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.12.24

30.12.23

£

£

Other Loans

10,500,000

8,400,000

Amounts falling due in more than five years:

Repayable by instalments

Other Loans

10,500,000

8,400,000

7.	ULTIMATE CONTROLLING PARTY

The controlling party is We Are Finance Ltd.