ACCOUNTS - Final Accounts preparation

Registered number: SC359020

20/20 INTELLECTUAL PROPERTY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

20/20 INTELLECTUAL PROPERTY LIMITED

REGISTERED NUMBER: SC359020

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Notes		£		£


Current assets
Cash at bank and in hand	1		1
Current liabilities	1		1
Total assets less current liabilities		1		1

Net assets		1		1

Capital and reserves
Called up share capital	3	503,480	503,480
Profit and loss account		(503,479)	(503,479)
		1	1

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20/20 INTELLECTUAL PROPERTY LIMITED

REGISTERED NUMBER: SC359020

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

For the year ended 31 March 2026 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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T Vincent

Directors

Date: 6 July 2026

The notes on page 3 form part of these financial statements.

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20/20 INTELLECTUAL PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

20/20 Intellectual Property Limited is a private company limited by shares and incoporated in Scotland. The registered office is 3 Third Floor, 3 Hill Street, New Town, Edinburgh, EH2 3JP.

The Company stopped trading on 29 March 2025.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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.

2.2

Going concern

At the balance sheet date the Company had net assets of £1 (2025: £1). The Company has been dormant throughout the current financial year and has not traded during the period. The directors have reviewed the financial position of the Company and with the continued financial support of the shareholders, are satisfied that it is appropriate to prepare the financial statements on the going concern basis.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

503,480 (2025 - 503,480) Ordinary shares of £1.00 each	503,480	503,480

4.	Controlling party

The controlling party is 20/20 Business Group Limited. The ultimate controlling parties are the Trustees of the 20/20 Employee Ownership Trust.

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