REGISTERED NUMBER: 15161638 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

IP MIND LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O Schulte

D Naidu

REGISTERED OFFICE:

Thompson Taraz Rand

Unit 1 Hazlewell Court

Bar Road

Lolworth

Cambridgeshire

CB23 5DS

REGISTERED NUMBER:

15161638 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

CURRENT ASSETS

Debtors

5

121,959

6,142

Cash and cash equivalents

13,851

127,335

135,810

133,477

CREDITORS

Amounts falling due within one year

6

(62,497

)

(59,464

)

NET CURRENT ASSETS

73,313

74,013

TOTAL ASSETS LESS CURRENT LIABILITIES

73,313

74,013

CAPITAL AND RESERVES

Called up share capital

7

3

3

Retained earnings

73,310

74,010

SHAREHOLDERS' FUNDS

73,313

74,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 29 September 2026 and were signed on its behalf by:

O Schulte - Director

D Naidu - Director

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 year 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.

Research and development credit income

Research and development credits 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 research and development credit will therefore be recognised in other income when the credit proceeds are received or receivable provided the terms of the grant do not impose future performance related conditions.

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

87,588

-

Other debtors

34,371

6,142

121,959

6,142

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

9,540

-

Taxation and social security

772

4,212

Other creditors

52,185

55,252

62,497

59,464

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

NIL

Ordinary

£1

-

3

30,000

Ordinary 0.0001

0.000

1

3

-

3

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