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REGISTERED NUMBER: 13079097 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CAMBRIDGE FUTURE TECH LTD

CAMBRIDGE FUTURE TECH LTD (REGISTERED NUMBER: 13079097)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMBRIDGE FUTURE TECH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R Alkhatib
H Alraimi
O E Thompson
M T Beer
J P Davies





REGISTERED OFFICE: The Bradfield Centre
184 Cambridge Science Park
Milton Road
Cambridge
CB4 0GA





REGISTERED NUMBER: 13079097 (England and Wales)





ACCOUNTANTS: Green and Purple Limited
Building 1000
Cambridge Research Park
Waterbeach
Cambridgeshire
CB25 9PD

CAMBRIDGE FUTURE TECH LTD (REGISTERED NUMBER: 13079097)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,731 4,636
Investments 5 1,942,071 20
1,952,802 4,656

CURRENT ASSETS
Debtors 6 457,692 29,837
Cash at bank 1,050,614 399,543
1,508,306 429,380
CREDITORS
Amounts falling due within one year 7 (143,365 ) (35,696 )
NET CURRENT ASSETS 1,364,941 393,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,317,743

398,340

PROVISIONS FOR LIABILITIES (2,039 ) -
NET ASSETS 3,315,704 398,340

CAPITAL AND RESERVES
Called up share capital 8 18 17
Share premium 2,470,961 605,004
Retained earnings 844,725 (206,681 )
SHAREHOLDERS' FUNDS 3,315,704 398,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CAMBRIDGE FUTURE TECH LTD (REGISTERED NUMBER: 13079097)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





O E Thompson - Director


CAMBRIDGE FUTURE TECH LTD (REGISTERED NUMBER: 13079097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

Cambridge Future Tech 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.

2. Accounting policies

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
The company make judgements and estimates in relation to the value of investments. The Company follows the guidance issued by the British Venture Capitalist Association when determining the fair value, specifically in relation to using the price of recent investment to estimate and calibrate the fair value. Adequate consideration is also given to the current circumstances of the Company, including but not limited to, changes in the market of key performance indicators of the investee company.

The values assigned to the investments are based upon available information and do not necessarily represent amounts which will ultimately be realised. Due to the inherent uncertainty of the valuation, the estimated fair value may differ significantly from the values that would have been determined has the investments been liquidated.

The carrying value of investments at the end of the period is £1,942,071 (2022: £20).

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


CAMBRIDGE FUTURE TECH LTD (REGISTERED NUMBER: 13079097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. Accounting policies - continued
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.

Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Statement of Financial Position. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic costs less impairment.

Realised fair value gains and losses are recognised within revenue in the Statement of Comprehensive Income. Unrealised fair value gains and losses are recognised within fair value movements within the Statement of Comprehensive Income.

3. Employees and directors

The average number of employees during the year was 10 (2022 - 6 ) .

CAMBRIDGE FUTURE TECH LTD (REGISTERED NUMBER: 13079097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2023 5,069
Additions 7,931
At 31 December 2023 13,000
Depreciation
At 1 January 2023 433
Charge for year 1,836
At 31 December 2023 2,269
Net book value
At 31 December 2023 10,731
At 31 December 2022 4,636

5. Fixed asset investments
Unlisted
investments
£   
Cost or valuation
At 1 January 2023 20
Additions 3,687
Revaluations 1,938,364
At 31 December 2023 1,942,071
Net book value
At 31 December 2023 1,942,071
At 31 December 2022 20

Cost or valuation at 31 December 2023 is represented by:

Unlisted
investments
£   
Valuation in 2023 1,938,364
Cost 3,707
1,942,071

CAMBRIDGE FUTURE TECH LTD (REGISTERED NUMBER: 13079097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 38,400 764
Amounts owed by associates 27,767 -
Other debtors 391,525 29,073
457,692 29,837

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 27,579 1,796
Amounts owed to associates 3,644 -
Taxation and social security 48,665 29,316
Other creditors 63,477 4,584
143,365 35,696

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
182,217 Ordinary £0.0001 18 17

14,619 Ordinary shares of £0.0001 each were allotted as fully paid at a premium of £0.0087 per share during the year.

After the year end the following share transactions were made:
On 14/02/2024 the company issued 3,287 of £0.0001 Ordinary shares at £127.54 premium each.
On 08/04/2024 the company issued 638 of £0.0001 Ordinary shares at £127.54 premium each.
On 22/04/2024 the company issued 3,125 of £0.0001 Ordinary shares at £127.54 premium each.
On 30/04/2024 the company issued 1,176 of £0.0001 Ordinary shares at £127.54 premium each.
On 10/06/2024 the company issued 626 of £0.0001 Ordinary shares at £127.54 premium each.
On 26/06/2024 the company issued 784 of £0.0001 Ordinary shares at £127.54 premium each.
On 25/07/2024 the company issued 2,352 of £0.0001 Ordinary shares at £127.54 premium each.

CAMBRIDGE FUTURE TECH LTD (REGISTERED NUMBER: 13079097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. Share-based payment transactions

Share Options31.12.202331.12.2022
NumberNumber

Outstanding at the beginning of the year8,821-
Granted during the year- 8,821
Exercised during the year- -
Cancelled during the year--

Outstanding at the end of the year8,8218,821


The total charge for the year relating to employee share based payment plans was £Nil (2022: £Nil) in accordance with the provisions of FRS 102 (Section 1A).

On 1 March 2022, the Company commenced the operation of an Enterprise Management Incentive scheme (EMI). At 31 December 2023, 8,821 (2022: 8,821) EMI options remained in issue. These options have an exercise price of £0.89 per share.