Registration number: SC576515

Thisthat Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Thisthat Ltd

(Registration number: SC576515)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	7,712	10,213
Tangible assets	5	27,337	44,977
		35,049	55,190
Current assets
Debtors	6	975,091	1,467,407
Cash at bank and in hand		543,022	1,336,356
		1,518,113	2,803,763
Creditors: Amounts falling due within one year	7	(824,033)	(1,078,902)
Net current assets		694,080	1,724,861
Total assets less current liabilities		729,129	1,780,051
Creditors: Amounts falling due after more than one year	7	(12,409)	(41,525)
Net assets		716,720	1,738,526
Capital and reserves
Called up share capital		152	138
Share premium reserve		434,794	434,045
Capital redemption reserve		1	1
Other reserves		1,832,915	1,832,915
Retained earnings		(1,551,142)	(528,573)
Shareholders' funds		716,720	1,738,526

Thisthat Ltd

(Registration number: SC576515)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2026 and signed on its behalf by:
 

......................................... Mr M A Osborne Director

Thisthat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
C/O CMS Cameron McKenna Nabarro Olswang LLP 4th Floor,
Saltire Court
20 Castle Terrace
Edinburgh
Midlothian
EH1 2EN
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Thisthat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	straight line over 3 years

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Domain	straight line over 5 years

Thisthat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2024 - 21).

Thisthat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Domain £	Total £
Cost or valuation
At 1 January 2025	12,506	12,506
At 31 December 2025	12,506	12,506
Amortisation
At 1 January 2025	2,293	2,293
Amortisation charge	2,501	2,501
At 31 December 2025	4,794	4,794
Carrying amount
At 31 December 2025	7,712	7,712
At 31 December 2024	10,213	10,213

5	Tangible assets

	Office equipment  £	Total £
Cost or valuation
At 1 January 2025	63,254	63,254
Additions	5,756	5,756
Disposals	(2,920)	(2,920)
At 31 December 2025	66,090	66,090
Depreciation
At 1 January 2025	18,276	18,276
Charge for the year	21,617	21,617
Eliminated on disposal	(1,140)	(1,140)
At 31 December 2025	38,753	38,753
Carrying amount
At 31 December 2025	27,337	27,337
At 31 December 2024	44,977	44,977

Thisthat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Debtors

	2025 £	2024 £
Trade debtors	744,232	1,205,069
Other debtors	230,859	262,338
	975,091	1,467,407

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	25,678	24,310
Trade creditors	84,936	107,929
Other creditors	713,419	946,663
	824,033	1,078,902

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	12,409	41,525

Included within loans and borrowings is a total amount of £28,323 (2024: £45,666) which is secured by a fixed and floating charge dated 01 April 2022 over all property or undertaking of the company.