OUTTHINK LTD


Directors	Catriona Ellen Grace McDonlad
	Marius - Dan Mihaescu
	MORAN, Martin Patrick
	Mr Flavius Plesu
	Dr Luke Smith


Registered Address	80 Cheapside
	London
	EC2V 6EE


Registered Number	09643149 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		12,564		14,171
Investments	4		1,679,246		1,596,822
			1,691,810		1,610,993
Current assets
Debtors	5	966,576		591,067
Cash at bank and on hand		1,595,734		2,999,860
		2,562,310		3,590,927
Creditors amounts falling due within one year	6	(2,256,272)		(1,533,528)
Net current assets (liabilities)			306,038		2,057,399
Total assets less current liabilities			1,997,848		3,668,392
Accruals and deferred income			(25,376)		(43,455)
Net assets			1,972,472		3,624,937
Capital and reserves
Called up share capital			686		686
Share premium			7,998,870		7,896,339
Profit and loss account			(6,027,084)		(4,272,088)
Shareholders' funds			1,972,472		3,624,937

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 December 2025, and are signed on its behalf by:

Mr Flavius Plesu
Director
Registered Company No. 09643149

OUTTHINK LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Revenue from rendering of services
	Revenue from rendering of services is recognised on a straight-line basis over the term of the contract, as this pattern of recognition reflects the transfer of services evenly throughout the period. Amounts invoiced in advance of service delivery are recorded as deferred income until the service has been provided.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	23		22

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	28,999	28,999
Additions	7,987	7,987
Disposals	(1,179)	(1,179)
At 31 December 24	35,807	35,807
Depreciation and impairment
At 01 January 24	14,828	14,828
Charge for year	8,913	8,913
On disposals	(498)	(498)
At 31 December 24	23,243	23,243
Net book value
At 31 December 24	12,564	12,564
At 31 December 23	14,171	14,171

4.	Fixed asset investments

	Investments in groups¹	Loans to groups²	Total
	£	£	£
Cost or valuation
At 01 January 24	1,793	1,595,028	1,596,821
Additions	-	82,424	82,424
At 31 December 24	1,793	1,677,452	1,679,245
Impairment
At 01 January 24	-	(1)	(1)
At 31 December 24	-	(1)	(1)
Net book value
At 31 December 24	1,793	1,677,453	1,679,246
At 31 December 23	1,793	1,595,029	1,596,822

	Notes
	¹Investments in group undertakings and participating interests ²Loans to group undertakings and participating interests

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	632,006	376,029
Amounts owed by associates and joint ventures / participating interests	163,382	-
Other debtors	69,555	173,892
Prepayments and accrued income	101,633	41,146
Total	966,576	591,067

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	141,804	89,176
Taxation and social security	294,564	184,844
Other creditors	1,052,664	863,871
Accrued liabilities and deferred income	767,240	395,637
Total	2,256,272	1,533,528