REGISTERED NUMBER: 10529097 (England and Wales)

FRESH THINKING PARTNERS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 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:

10529097 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Tangible assets

4

3,747

2,419

CURRENT ASSETS

Debtors

5

-

64,113

Cash at bank

106,066

25,609

106,066

89,722

CREDITORS

Amounts falling due within one year

6

132,965

85,626

NET CURRENT (LIABILITIES)/ASSETS

(26,899

)

4,096

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,152

)

6,515

CREDITORS

Amounts falling due after more than one year

7

(4,671

)

(14,027

)

PROVISIONS FOR LIABILITIES

(937

)

(605

)

NET LIABILITIES

(28,760

)

(8,117

)

CAPITAL AND RESERVES

Called up share capital

8

2,000

2,000

Retained earnings

(30,760

)

(10,117

)

SHAREHOLDERS' FUNDS

(28,760

)

(8,117

)

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

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

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 Partners 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

1,763

9,368

11,131

Additions

-

5,268

5,268

Disposals

-

(5,156

)

(5,156

)

At 31 December 2024

1,763

9,480

11,243

DEPRECIATION

At 1 January 2024

1,449

7,263

8,712

Charge for year

79

3,282

3,361

Eliminated on disposal

-

(4,577

)

(4,577

)

At 31 December 2024

1,528

5,968

7,496

NET BOOK VALUE

At 31 December 2024

235

3,512

3,747

At 31 December 2023

314

2,105

2,419

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

-

64,113

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,140

Taxation and social security

48,010

12,048

Intercompany creditors

49,306

-

Other creditor

-

37,910

Directors' current accounts

23,149

21,208

Accrued expenses

2,500

4,320

132,965

85,626

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

4,671

14,027

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

500

ORDINARY

£1

500

500

500

ORDINARY A

£1

500

500

500

ORDINARY B

£1

500

500

500

ORDINARY C

£1

500

500

2,000

2,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Ms M A Hird

Balance outstanding at start of year

63,421

(60,093

)

Amounts advanced

-

176,000

Amounts repaid

(74,606

)

(52,486

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(11,185

)

63,421