REGISTERED NUMBER: 08660886 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2026

for

Braintrain2020 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R C Mills

Dr M Van de Werken

Mr C A Greene

REGISTERED OFFICE:

Kroto Innovation Centre

North Campus University of Sheffield

318 Broad Lane

Sheffield

South Yorkshire

S3 7HQ

REGISTERED NUMBER:

08660886 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Intangible assets

5

1,691,383

1,546,008

Tangible assets

6

12,367

14,549

Investments

7

100

100

1,703,850

1,560,657

CURRENT ASSETS

Debtors

8

151,428

187,687

Cash at bank

321,638

174,012

473,066

361,699

CREDITORS

Amounts falling due within one year

9

477,906

232,060

NET CURRENT (LIABILITIES)/ASSETS

(4,840

)

129,639

TOTAL ASSETS LESS CURRENT LIABILITIES

1,699,010

1,690,296

CREDITORS

Amounts falling due after more than one year

10

774,596

981,772

NET ASSETS

924,414

708,524

CAPITAL AND RESERVES

Called up share capital

11

2,045

1,951

Share premium

2,315,354

1,980,385

Retained earnings

(1,392,985

)

(1,273,812

)

SHAREHOLDERS' FUNDS

924,414

708,524

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2026.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 2026 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 2 November 2026 and were signed on its behalf by:

Mr R C Mills - Director

1.	STATUTORY INFORMATION

Braintrain2020 Limited 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 and functional 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 on a going concern basis under the historical cost convention.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Patents & licences

Patent costs are deferred and amortised over the period from which the company is expected to benefit.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2025

2,644,157

Additions

435,559

At 31 August 2026

3,079,716

AMORTISATION

At 1 September 2025

1,098,149

Charge for year

290,184

At 31 August 2026

1,388,333

NET BOOK VALUE

At 31 August 2026

1,691,383

At 31 August 2025

1,546,008

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2025

and 31 August 2026

50,312

DEPRECIATION

At 1 September 2025

35,763

Charge for year

2,182

At 31 August 2026

37,945

NET BOOK VALUE

At 31 August 2026

12,367

At 31 August 2025

14,549

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2025

and 31 August 2026

100

NET BOOK VALUE

At 31 August 2026

100

At 31 August 2025

100

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

2,149

1,403

Other debtors

149,279

186,284

151,428

187,687

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

161,801

194,663

Taxation and social security

6,032

5,138

Other creditors

304,517

26,703

477,906

232,060

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

22,555

30,206

Other creditors

752,041

951,566

774,596

981,772

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

332

7,983

332

7,983

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

67,503

A Ordinary

1p

675

675

Allotted and issued:

Number:

Class:

Nominal

2026

2025

value:

£

£

136,977

Ordinary

1p

1,370

1,276

The following shares were issued during the year:

9,328 Ordinary shares of 1p for cash of £335,062