IRIS Accounts Production v24.2.0.383 14935071 Board of Directors 14.6.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh149350712023-06-13149350712024-06-30149350712023-06-142024-06-30149350712023-06-1314935071ns15:EnglandWales2023-06-142024-06-3014935071ns14:PoundSterling2023-06-142024-06-3014935071ns10:Director12023-06-142024-06-3014935071ns10:PrivateLimitedCompanyLtd2023-06-142024-06-3014935071ns10:SmallEntities2023-06-142024-06-3014935071ns10:AuditExempt-NoAccountantsReport2023-06-142024-06-3014935071ns10:SmallCompaniesRegimeForDirectorsReport2023-06-142024-06-3014935071ns10:SmallCompaniesRegimeForAccounts2023-06-142024-06-3014935071ns10:FullAccounts2023-06-142024-06-3014935071ns10:Director22023-06-142024-06-3014935071ns10:Director32023-06-142024-06-3014935071ns10:Director42023-06-142024-06-3014935071ns10:RegisteredOffice2023-06-142024-06-3014935071ns5:CurrentFinancialInstruments2024-06-3014935071ns5:ShareCapital2024-06-3014935071ns5:RetainedEarningsAccumulatedLosses2024-06-3014935071ns5:ComputerEquipment2023-06-142024-06-3014935071ns5:ComputerEquipment2024-06-3014935071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3014935071ns5:CurrentFinancialInstruments2023-06-142024-06-301493507112023-06-142024-06-30
REGISTERED NUMBER: 14935071 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024

FOR

CAMBRIDGE INFERENCE LTD

CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAMBRIDGE INFERENCE LTD

COMPANY INFORMATION
FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024







DIRECTORS: Dr. L M Butcher
Dr. L T Lentati
Professor M P Hobson
G M Wall





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 14935071 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071)

BALANCE SHEET
30 JUNE 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 7,111

CURRENT ASSETS
Debtors 5 20,379
Cash at bank 690,378
710,757
CREDITORS
Amounts falling due within one year
(including convertible debt)

6

828,071
NET CURRENT LIABILITIES (117,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(110,203

)

CAPITAL AND RESERVES
Called up share capital 99
Retained earnings (110,302 )
SHAREHOLDERS' FUNDS (110,203 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 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 October 2024 and were signed on its behalf by:





Professor M P Hobson - Director


CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

Cambridge Inference 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. This may not be appropriate because at 30 June 2024 the company's current liabilities exceeded its current assets by £117,314 and total liabilities of the company were £828,071. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 7,263
At 30 June 2024 7,263
DEPRECIATION
Charge for period 152
At 30 June 2024 152
NET BOOK VALUE
At 30 June 2024 7,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 6,960
VAT 13,419
20,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 794,053
Social security and other taxes 33,098
Accruals and deferred income 920
828,071

Included under creditors are $1,000,000 in unsecured redeemable 4% loan notes.

7. ULTIMATE CONTROLLING PARTY

The controlling parties are M P Hobson, L M Butcher and L T Lentati by virtue of their 100% joint ownership of the issued ordinary share capital .