Company Registration No. 13827498 (England and Wales)
MindsDB Ltd
Unaudited accounts
for the year ended 31 January 2026
MindsDB Ltd
Unaudited accounts
Contents
MindsDB Ltd
Company Information
for the year ended 31 January 2026
Director
Adam Michael Carrigan
Company Number
13827498 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
England
Accountants
The Accountancy Cloud
Level 5a
Maple House
149 Tottenham Court Road
London
W1T 7NF
MindsDB Ltd
Statement of financial position
as at 31 January 2026
Tangible assets
2,208
3,311
Cash at bank and in hand
120,823
133,231
Creditors: amounts falling due within one year
(1,099,794)
(1,100,284)
Net current liabilities
(978,445)
(967,053)
Total assets less current liabilities
(960,814)
(963,742)
Provisions for liabilities
Net liabilities
(961,233)
(964,371)
Called up share capital
1
1
Profit and loss account
(961,234)
(964,372)
Shareholders' funds
(961,233)
(964,371)
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 September 2026 and were signed on its behalf by
Adam Michael Carrigan
Director
Company Registration No. 13827498
MindsDB Ltd
Notes to the Accounts
for the year ended 31 January 2026
MindsDB Ltd is a private company, limited by shares, registered in England and Wales, registration number 13827498. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 Years
Computer equipment
3 Years
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MindsDB Ltd
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2025
2,193
7,468
9,661
At 31 January 2026
2,193
7,468
9,661
At 1 February 2025
1,670
4,680
6,350
Charge for the year
174
929
1,103
At 31 January 2026
1,844
5,609
7,453
At 31 January 2026
349
1,859
2,208
At 31 January 2025
523
2,788
3,311
5
Investments
Other investments
Valuation at 1 February 2025
-
Valuation at 31 January 2026
15,423
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2026
2025
Amounts owed to group undertakings and other participating interests
1,099,794
1,099,054
Taxes and social security
-
385
8
Transactions with related parties
At the year end, MindsDB Ltd owed MindsDB Inc £1,099,794 (2025: £1,099,054).
MindsDB Ltd is a wholly-owned subsidiary of MindsDB Inc.
10
Average number of employees
During the year the average number of employees was 0 (2025: 0).