| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 December 2024 |
| for |
| Cambridge Technology Capital Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| 6. | CURRENT ASSET INVESTMENTS |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Fixed term deposits |
| 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 |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| Ordinary shares | £1 | 1,000,000 | 1,000,000 |
| 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. |
| for and on behalf of |
| 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. |