THINKPLAY LIMITED - Filleted accounts

Registered number

04104764

THINKPLAY LIMITED

Filleted Accounts

31 March 2026

THINKPLAY LIMITED
Registered number:		04104764
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			123

Current assets
Debtors	4	-			50,899
Cash at bank and in hand		618			46,417
		618			97,316

Creditors: amounts falling due within one year	5	(350,763)			(83,501)

Net current (liabilities)/assets			(350,145)			13,815

Total assets less current liabilities			(350,145)			13,938

Creditors: amounts falling due after more than one year	6		(70,000)			(422,672)



Net liabilities			(420,145)			(408,734)

Capital and reserves
Called up share capital			42,348			42,348
Share premium			330,645			330,645
Profit and loss account			(793,138)			(781,727)

Shareholders' funds			(420,145)			(408,734)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr C Simonds
Director
Approved by the board on 12 August 2026

THINKPLAY LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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


	Going concern
	The company is no longer a going concern at the date of signature of these accounts. All activities have ceased, all taxes and trade creditors have been fully paid. Loan holders will process negligible value claims as and when they so choose. At this time there are no actions for recovery by the loan holders against the company. The secured debt is all to the Director. The Director intends to close the company in 2026 and it will be struck off in due course.


	Unsecured loans
	The unsecured loans have neglible value as repayment is now not possible. The holders are fully aware of this issue and in due course a neglible value claim is expected to be processed. They do not plan to seek a formal liquidation.


	Secured debts
	These are at mid-October 2025 close to £135,000 as against around a total of £51,000 of bank funds and receivables that will most likely be used for ongoing and closure costs. Therefore, secured debt will not be fully paid. The secured loan holder - the managing director - is also fully aware of this issue and will most likely take no action for recovery. After all costs have been paid any remaining funds will be used against secured debt first unless the secured debt holder decides otherwise.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	1		3


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 April 2025			2,443
	At 31 March 2026			2,443

	Depreciation
	At 1 April 2025			2,320
	Charge for the year			123
	At 31 March 2026			2,443

	Net book value
	At 31 March 2026			-
	At 31 March 2025			123


4	Debtors	2026		2025
£			£

	Trade debtors	-		50,345
	Other debtors	-		554
		-		50,899


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Taxation and social security costs	-		44
	Other creditors	350,763		83,457
		350,763		83,501


6	Creditors: amounts falling due after one year	2026		2025
£			£

	Bank loans	-		17,827
	Debentures	70,000		98,000
	Other creditors	-		306,845
		70,000		422,672


7	Other information

	THINKPLAY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	7 Chesterfield Road
	London
	W4 3HG