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REGISTERED NUMBER: 11653870 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Cambridge Technology Capital Limited

Cambridge Technology Capital Limited (Registered number: 11653870)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cambridge Technology Capital Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: L Lin
Dr W Meng
Dr W Chen





SECRETARY: Dr Y Wang





REGISTERED OFFICE: Unit 25 Cambridge Science Park
Cambridge
CB4 0FW





REGISTERED NUMBER: 11653870 (England and Wales)





AUDITORS: Shinewing Wilson Accountancy Limited
Chartered Certified Accountants
and Statutory Auditors
9 St Clare Street
London
EC3N 1LQ

Cambridge Technology Capital Limited (Registered number: 11653870)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Investments 4 815,007 -

CURRENT ASSETS
Debtors 5 22,500 -
Investments 6 1,929,806 -
Cash at bank 50,906 2,766,751
2,003,212 2,766,751
CREDITORS
Amounts falling due within one year 7 19,827 6,000
NET CURRENT ASSETS 1,983,385 2,760,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,798,392

2,760,751

CAPITAL AND RESERVES
Called up share capital 8 2,779,776 2,779,776
Retained earnings 18,616 (19,025 )
SHAREHOLDERS' FUNDS 2,798,392 2,760,751

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 3 June 2025 and were signed on its behalf by:





L Lin - Director


Cambridge Technology Capital Limited (Registered number: 11653870)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cambridge Technology Capital 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 currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company meets its day-to-day working capital requirements through its bank reserve and the availability of support from its shareholders; based on these directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore it is appropriate that the company continues to adopt the going concern basis in preparing its financial statements.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cambridge Technology Capital Limited (Registered number: 11653870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, and loans from group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Share capital
Financial instruments issued by the company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset.

The company's ordinary shares and preference shares are classified as equity instruments.

Investment in shares
Investments in non-derivative financial instruments that are equity of the issuer shall be measured at cost less accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Cambridge Technology Capital Limited (Registered number: 11653870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 815,007
At 31 December 2024 815,007
NET BOOK VALUE
At 31 December 2024 815,007

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Trade debtors 22,500 -

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Fixed term deposits 1,929,806 -

Investments in fixed term deposits have an original maturity of 12 months or less. At the balance sheet date, the average maturity of the deposits was 4 months. The average interest rate was 4.61%.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 5,663 -
Other creditors 14,164 6,000
19,827 6,000

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000,000 Ordinary shares £1 1,000,000 1,000,000
1,779,776 Preference shares £1 1,779,776 1,779,776
2,779,776 2,779,776

Cambridge Technology Capital Limited (Registered number: 11653870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CALLED UP SHARE CAPITAL - continued

Preference shares do not carry any entitlement to vote either at a general meeting of the Company or by way of written resolution of the eligible member of the Company.

In the event the Company achieves a rate of return less than 8% of the investment made by all shareholders, all such equity proceeds or a return of capital shall be distributed to holder of preference shares.

In the event the Company achieves a rate of return equal to or greater than 8% of the investment made by all shareholders, 80% of such equity proceeds or a return of capital shall be distributed to holder of preference shares.

The holder of preference shares will be entitled to the amount of the investment in priority to the holders of ordinary shares whether on exit or Return of Capital.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nijendra Dhungana FCCA (Senior Statutory Auditor)
for and on behalf of Shinewing Wilson Accountancy Limited

10. ULTIMATE CONTROLLING PARTY

The immediate parent company is Tuspark S&T Innovation Investment (HK) Limited and the ultimate parent company is Tuspark Technology Services (Henan) Co., Ltd, a company registered in Beijing, P.R. China.

The smallest undertaking for which the company is a member and for which group financial statements are prepared is Tus- S&T Service Co.,Ltd. Copies of the Tus- S&T Service Co.,Ltd consolidated financial statements can be obtained from the address at Room 1503, 15th Floor, Block A, Building 1, Yard 1, Zhongguancun East Road, Haidian District, Beijing P.R. China.

There is no one ultimate controlling party.