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REGISTERED NUMBER: 15161638 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

25 SEPTEMBER 2023 TO 31 DECEMBER 2024

FOR

IP MIND LTD

IP MIND LTD (REGISTERED NUMBER: 15161638)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 SEPTEMBER 2023 TO 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IP MIND LTD

COMPANY INFORMATION
FOR THE PERIOD 25 SEPTEMBER 2023 TO 31 DECEMBER 2024







DIRECTORS: S Gill
O Schulte
D Naidu





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 15161638 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

IP MIND LTD (REGISTERED NUMBER: 15161638)

BALANCE SHEET
31 DECEMBER 2024

Notes £   
CURRENT ASSETS
Debtors 5 2,391
Cash and cash equivalents 127,335
129,726
CREDITORS
Amounts falling due within one year 6 (58,692 )
NET CURRENT ASSETS 71,034
TOTAL ASSETS LESS CURRENT LIABILITIES 71,034

CAPITAL AND RESERVES
Called up share capital 7 3
Retained earnings 71,031
SHAREHOLDERS' FUNDS 71,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




O Schulte - Director



D Naidu - Director


IP MIND LTD (REGISTERED NUMBER: 15161638)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 SEPTEMBER 2023 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

IP Mind Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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 Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises revenue from analytics and licensing support services related to Standard Essential Patents (SEPs), including FRAND rate analysis for licensors, SEP validity assessments for licensees, and patent portfolio mining for both parties. Revenue is recognised as services are delivered.

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

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


IP MIND LTD (REGISTERED NUMBER: 15161638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 25 SEPTEMBER 2023 TO 31 DECEMBER 2024

3. ACCOUNTING POLICIES - continued

Grant income
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received using the performance model.

The grant will therefore be recognised in other income when the grant proceeds are received or receivable provided the terms of the grant do not impose future performance related conditions.

If the terms of the grant do impose future performance related conditions, the grant is only recognised in income when the performance related conditions are met.

Any grants that are received before the recognition criteria is met are recognised in the entity's financial statements as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 3,440
Other creditors 55,252
58,692

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
3 Ordinary £1 3

3 Ordinary shares of £1 were issued during the period for cash of £ 3 .

8. RELATED PARTY DISCLOSURES

At the balance sheet date £42,000 was owed to companies under common control. The amount bears no interest, is repayable on demand and included within creditors due in less than one year