REGISTERED NUMBER: 09302602 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

TALK THINK DO LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Tangible assets

4

5,832

63,224

Investments

5

855

887

6,687

64,111

Current assets

Debtors

6

187,211

437,430

Cash at bank

287,304

389,467

474,515

826,897

Creditors

Amounts falling due within one year

7

245,392

287,354

Net current assets

229,123

539,543

Total assets less current liabilities

235,810

603,654

Creditors

Amounts falling due after more than one year

8

(184,169

)

(251,356

)

Provisions for liabilities

11

(1,108

)

(12,013

)

Net assets

50,533

340,285

Capital and reserves

Called up share capital

12

200

200

Share option reserve

919

726

Retained earnings

49,414

339,359

Shareholders' funds

50,533

340,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

Mr M J Hammond - Director

1.	Statutory information

TalkThink Do Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09302602. The registered office and business address is Office 1.11, 1st Floor At Bobby's The Square, 2-12 Commercial Road, Bournemouth, Dorset, England, BH2 5LP.

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.

Preparation of consolidated financial statements

The financial statements contain information about Talk Think Do Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Straight line over 10 years

Office equipment

-

Straight line over 3 years

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Share based payments

The cost and corresponding increase in equity in respect of equity-settled share-based payment transactions with employees are measured by reference to the fair value of equity instruments issued at the date of grant. Amounts are expensed on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions. The cost and fair value of the liability incurred in respect of cash-settled transactions is measured using an appropriate option pricing model with changes in fair value recognised in profit or loss for the period. Further detail is provided in the notes.

3.	Employees and directors

The average number of employees during the year was 18 (2024 - 32 ) .

4.	Tangible fixed assets

Fixtures

Long

Office

and

leasehold

equipment

fittings

£

£

£

Cost

At 1 December 2024

17,152

35,377

12,392

Disposals

(17,152

)

-

-

At 30 November 2025

-

35,377

12,392

Depreciation

At 1 December 2024

7,399

34,496

10,260

Charge for year

1,805

391

2,132

Eliminated on disposal

(9,204

)

-

-

At 30 November 2025

-

34,887

12,392

Net book value

At 30 November 2025

-

490

-

At 30 November 2024

9,753

881

2,132

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 December 2024

52,745

115,660

233,326

Disposals

(52,745

)

-

(69,897

)

At 30 November 2025

-

115,660

163,429

Depreciation

At 1 December 2024

23,726

94,221

170,102

Charge for year

7,255

16,097

27,680

Eliminated on disposal

(30,981

)

-

(40,185

)

At 30 November 2025

-

110,318

157,597

Net book value

At 30 November 2025

-

5,342

5,832

At 30 November 2024

29,019

21,439

63,224

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 December 2024

52,745

Disposals

(52,745

)

At 30 November 2025

-

Depreciation

At 1 December 2024

23,726

Charge for year

7,255

Eliminated on disposal

(30,981

)

At 30 November 2025

-

Net book value

At 30 November 2025

-

At 30 November 2024

29,019

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 December 2024

887

Exchange differences

(32

)

At 30 November 2025

855

Net book value

At 30 November 2025

855

At 30 November 2024

887

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

79,360

85,400

Amounts owed by group undertakings

8,514

7,656

Other debtors

12,100

10,348

Directors' current accounts

57,496

97,746

Tax

18,643

85,649

Prepayments

11,098

150,631

187,211

437,430

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Other loans

67,188

61,061

Hire purchase contracts (see note 9)

-

34,276

Trade creditors

294

2,027

Tax

15,976

-

Social security and other taxes

19,152

44,101

VAT

67,074

87,055

Other creditors

5,519

10,184

Accruals and deferred income

70,189

48,650

245,392

287,354

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other loans - 1-2 years

73,930

67,188

Other loans - 2-5 years

110,239

184,168

184,169

251,356

9.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

34,276

Non-cancellable

operating leases

2025

2024

£

£

Within one year

14,174

2,500

Between one and five years

15,091

-

29,265

2,500

10.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

34,276

Amounts owing under hire purchase agreements were secured against the assets to which they relate.

11.	Provisions for liabilities

2025

2024

£

£

Deferred tax

1,108

12,013

Deferred

tax

£

Balance at 1 December 2024

12,013

Credit to Income statement during year

(10,905

)

Balance at 30 November 2025

1,108

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

170,000

Ordinary 'A' Shares

0.001

170

190

30,000

Ordinary 'B' Shares

0.001

30

10

200

200

During the year 20,000 A Ordinary £0.001 shares were reclassified to be 20,000 Ordinary B £0.001 shares.

13.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

Mr M J Hammond

Balance outstanding at start of year

97,746

97,746

Amounts advanced

-

40,250

Amounts repaid

(40,250

)

(40,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

57,496

97,746

At the balance sheet date the Director, Mr M Hammond, owed the company £57,496 (2024: £97,496).

14.	Ultimate controlling party

The Company is under the control of the directors Mr and Mrs Hammond by virtue of their combined 85% holding of the issued voting share capital of the Company.

15.	Share-based payment transactions

The company operates a enterprise management incentive share options plan.

The options may only vest on the date on which an 'Exit' occurs or on the ninth anniversary of the grant date. An 'Exit' is defined in the option agreement as either a share sale, or an asset sale, or a listing.

Any options that have not been exercised on the tenth anniversary of the grant date automatically expire on that date.

If an option holder leaves the company and subject to the provisions in the option agreement, they may then be prohibited from exercising their option.

On exercise, all options are to be settled in full by the issue of equity in the company in the form of Ordinary 'B' shares. No restrictions will be attached to these shares.

Enterprise management incentive scheme option transactions in the year at 30 November 2025 were as follows:

At 1 December 2024

Granted in the year

Forfeited in the year

Exercised during the year

At 30 November 2025

Exercisable at 30 November 2025

Number

10,500

500

5,500

-

5,500

-

Weighted average exercise price (£)

-

0.77

-

-

0.77

-

At 30 November 2025, the directors do not consider it probable that an 'Exit' will occur within the service period of the option holders. As such, the share-based payments have been recognised over the 9 year vesting period on a straight line basis.

During the year, an expense of £193 for equity instruments has been recognised in the financial statements of the company. Total equity instruments as at 30 November 2025 of £919 (2023 - £726) are recognised in a 'Share option reserve' within Equity on the Statement of Financial Position.

The fair value of the equity instruments received in the year was measured by valuing the call price on the EMI options using the Black Scholes Option Pricing Model. As there is no observable market nor any recent transactions in the share options, this valuation method is considered to be the most appropriate to comply with the requirements of FRS102 s26.11.