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Company Registration No. 03637036 (England and Wales)
Thinking Fish Limited Unaudited accounts for the year ended 31 October 2025
Thinking Fish Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
210,000
252,500
Tangible assets
5
44,653
58,346
Investments
850,000
750,000
1,104,653
1,060,846
Current assets
Inventories
119
119
Debtors
29,615
80,446
Cash at bank and in hand
85,656
308,933
115,390
389,498
Creditors: amounts falling due within one year
(48,718)
(104,738)
Net current assets
66,672
284,760
Total assets less current liabilities
1,171,325
1,345,606
Creditors: amounts falling due after more than one year
(1,122,894)
(1,144,538)
Net assets
48,431
201,068
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
48,331
200,968
Shareholders' funds
48,431
201,068
For the year ending 31 October 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 July 2026 and were signed on its behalf by
Mr Andrew Lobel Director Company Registration No. 03637036
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Thinking Fish Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Thinking Fish Limited is a private company, limited by shares, registered in England and Wales, registration number 03637036. The registered office is 4.01 The Tea Building, 56 Shoreditch High Street, London, E1 6JJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stocks and work in progress
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Thinking Fish Limited Notes to the Accounts for the year ended 31 October 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Total
£
Cost
At 1 November 2024
425,000
At 31 October 2025
425,000
Amortisation
At 1 November 2024
172,500
Charge for the year
42,500
At 31 October 2025
215,000
Net book value
At 31 October 2025
210,000
At 31 October 2024
252,500
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 November 2024
112,183
Additions
6,534
Disposals
(12,669)
At 31 October 2025
106,048
Depreciation
At 1 November 2024
53,837
Charge for the year
14,883
On disposals
(7,325)
At 31 October 2025
61,395
Net book value
At 31 October 2025
44,653
At 31 October 2024
58,346
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Thinking Fish Limited Notes to the Accounts for the year ended 31 October 2025
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2024: 4).
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