Fresh Thinking Partners Two Llp

REGISTERED NUMBER: OC386815 (England and Wales)

FRESH THINKING PARTNERS TWO LLP

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Ms M A Hird

A J Walls

REGISTERED OFFICE:

Park House

Park Square West

Leeds

West Yorkshire

LS1 2PW

REGISTERED NUMBER:

OC386815 (England and Wales)

ACCOUNTANTS:

Duncan Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

The members present their report with the financial statements of the LLP for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of investment consultancy.

DESIGNATED MEMBERS

The designated members during the year under review were:

Ms M A Hird

A J Walls

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £308 (2025 - £1,112 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Ms M A Hird - Designated member

22 September 2026

TURNOVER

1,000

30,000

Administrative expenses

692

5,612

OPERATING PROFIT

4

308

24,388

Interest payable and similar expenses

-

25,500

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

308

(1,112

)

FIXED ASSETS

Tangible assets

5

984,308

984,392

CURRENT ASSETS

Debtors

6

41,111

41,419

Cash at bank

606

29,984

41,717

71,403

CREDITORS

Amounts falling due within one year

7

1,026,025

1,055,795

NET CURRENT LIABILITIES

(984,308

)

(984,392

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

6

(111

)

(419

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 January 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 22 September 2026 and were signed by:

Ms M A Hird - Designated member

A J Walls - Designated member

1.	STATUTORY INFORMATION

Fresh Thinking Partners Two Llp is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.26

31.1.25

£

Depreciation - owned assets

84

99

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2025

and 31 January 2026

983,713

6,749

990,462

DEPRECIATION

At 1 February 2025

-

6,070

Charge for year

-

84

At 31 January 2026

-

6,154

NET BOOK VALUE

At 31 January 2026

983,713

595

984,308

At 31 January 2025

983,713

679

984,392

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

35,000

Other debtors

6,111

6,419

41,111

41,419

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Taxation and social security

-

4,770

Other creditors

1,026,025

1,051,025

1,026,025

1,055,795