Company registration number: 11691319
Unaudited financial statements
for the year ended 30 November 2024
for
Cambridge Mind Technologies Limited
Pages for filing with the Registrar
Company registration number: 11691319
Cambridge Mind Technologies Limited
Balance sheet
as at 30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 4,477 6,091
4,477 6,091
Current assets
Debtors 13,098 24,775
Cash at bank and in hand 217,569 336,415
230,667 361,190
Creditors: amounts falling due within one
year
(42,333) (77,733)
Net current assets 188,334 283,457
Total assets less current liabilities 192,811 289,548
NET ASSETS 192,811 289,548
Capital and reserves
Called up share capital 22,895 20,668
Share premium account 742,206 494,319
Profit and loss account (572,290) (225,439)
TOTAL EQUITY 192,811 289,548
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11691319
Cambridge Mind Technologies Limited
Balance sheet - continued
as at 30 November 2024
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 24 June 2025 and signed on its behalf by:
Mr J Davies, Director Mr R Batt, Director
24 June 2025 24 June 2025
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Cambridge Mind Technologies Limited
Notes to the financial statements
for the year ended 30 November 2024
1 Company information
Cambridge Mind Technologies Limited is a private company registered in England and Wales. Its registered number is 11691319. The company is limited by shares. Its registered office is 75 Kinnerton Street, London, SW1X 8ED.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 33% straight line
Computer equipment - 33% straight line
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 5 (2023 - 3).
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Cambridge Mind Technologies Limited
Notes to the financial statements - continued
for the year ended 30 November 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 December 2023 6,745
Additions 870
At 30 November 2024 7,615
Depreciation
At 1 December 2023 654
Charge for year 2,484
At 30 November 2024 3,138
Net book value
At 30 November 2024 4,477
At 30 November 2023 6,091
5 Share capital
Nov Nov
Number: Class: Value: 2024 2023
£ £

22,895 Ordinary 1 22,895 20,668

During the year, the company issued the following shares:
On 31 October 2024, 446 Ordinary shares of £1 were issued for cash at a premium of £111.31 each.
On 4 November 2024, 1,781 Ordinary shares of £1 were issued for cash at a premium of £111.31 each.

After the year, the company issued the following shares:
On 3 April 2025, 321 Ordinary shares of £1 were issued for cash at a premium of £111.31 each.
On 4 April 2025, 158 Ordinary shares of £1 were issued for cash at a premium of £111.31 each.
6 Company Name Change
On 13 March 2025, the company change its name from Cam AI Limited to Cambridge Mind Technologies Limited. This change has been reflected in the financial statements for the year ended 30 November 2024
.
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