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Registered number: 02868939
POSITIVE THINKING LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2025
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POSITIVE THINKING LIMITED
COMPANY INFORMATION
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POSITIVE THINKING LIMITED
CONTENTS
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Directors' Responsibilities Statement
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Statement of Financial Position
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Notes to the Financial Statements
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POSITIVE THINKING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 29 SEPTEMBER 2025
The directors present their report and the financial statements for the year ended 29 September 2025.
The directors who served during the year were:
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M D Van Weldam (resigned 31 December 2025)
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P B Cronin (resigned 21 November 2024)
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Qualifying third party indemnity provisions
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The company maintains appropriate Director's and Officer's liability Insurance on behalf of the directors. In addition, individual qualifying third party indemnities are given to the directors, which comply with the provisions of Section 234 of the Companies Act 2006, and were in force throughout the period and up to the date of signing the Directors' report.
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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POSITIVE THINKING LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 29 SEPTEMBER 2025
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent; and
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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POSITIVE THINKING LIMITED
INCOME STATEMENT
FOR THE YEAR ENDED 29 SEPTEMBER 2025
The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.
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POSITIVE THINKING LIMITED
REGISTERED NUMBER: 02868939
STATEMENT OF FINANCIAL POSITION
AS AT 29 SEPTEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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POSITIVE THINKING LIMITED
REGISTERED NUMBER: 02868939
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 SEPTEMBER 2025
For the year ended 29 September 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 6 to 9 form part of these financial statements.
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POSITIVE THINKING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2025
Positive Thinking Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 02868939). The registered office address is The Crane Building, 22 Lavington Street, London, SE1 0NZ.
The Company's functional and presentational currency is GBP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income 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 income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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POSITIVE THINKING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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over the length of the lease
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Financial assets and financial liabilities are recognised in the Statement of Financial Position when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.
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The average monthly number of employees, including directors, during the year was 0 (2024 -0).
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POSITIVE THINKING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2025
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Amounts falling due within one year
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POSITIVE THINKING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings and other participating interests
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Amounts owed to group undertakings are unsecured, non-interest bearing and repayable on demand.
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There is a fixed charge to cover any shortfall to the landlord by way of a building rent deposit of £76,250. At the balance sheet date, there was no shortfall due to the landlord.
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Related party transactions
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The company has taken advantage of exemption, under the terms of Section 33.1A of Financial Reporting Standard 102 not to disclose related party transactions with wholly owned subsidiaries within the group.
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The company's immediate parent company is Group Positive Limited, a company registered in England and Wales and whose registered office is The Crane Building, 22 Lavington Street, London, SE1 0NZ. Its ultimate parent company and the company's controlling party is Candid B.V., a company incorporated in the Netherlands.
The parent company of the smallest group for which consolidated accounts are produced, of which Group Positive Limited is a member, is Candid Platform Ltd. The registered office address of Candid Platform Ltd is The Crane Building, 22 Lavington Street, London, SE1 0NZ. The consolidated accounts are publicly available from Companies House, Crown Way, Cardiff CF14 3UZ.
The parent company of the largest group for which consolidated accounts are produced, of which Group Positive Limited is a member, is Candid B.V.. The registered office address of Candid B.V. is Johan van Hasseltweg 27, 1021 KN Amsterdam. The consolidated accounts are publicly available from Johan van Hasseltweg 27, 1021 KN Amsterdam.
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