REGISTERED NUMBER: 13079097 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CAMBRIDGE FUTURE TECH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

14,218

10,731

Investments

5

4,269,833

1,942,071

4,284,051

1,952,802

CURRENT ASSETS

Debtors

6

283,462

457,692

Cash at bank

1,836,888

1,050,614

2,120,350

1,508,306

CREDITORS

Amounts falling due within one year

7

(77,916

)

(143,365

)

NET CURRENT ASSETS

2,042,434

1,364,941

TOTAL ASSETS LESS CURRENT LIABILITIES

6,326,485

3,317,743

PROVISIONS FOR LIABILITIES

(2,701

)

(2,039

)

NET ASSETS

6,323,784

3,315,704

CAPITAL AND RESERVES

Called up share capital

8

19

18

Share premium

4,581,654

2,470,961

Retained earnings

1,742,111

844,725

SHAREHOLDERS' FUNDS

6,323,784

3,315,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

O E Thompson - Director

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 or 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 £4,269,833 (2023: £1,942,071).

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.

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 13 (2023 - 10 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

13,000

Additions

7,454

At 31 December 2024

20,454

Depreciation

At 1 January 2024

2,269

Charge for year

3,967

At 31 December 2024

6,236

Net book value

At 31 December 2024

14,218

At 31 December 2023

10,731

5.	Fixed asset investments

Unlisted

investments

£

Cost or valuation

At 1 January 2024

1,942,071

Additions

492,333

Revaluations

1,835,429

At 31 December 2024

4,269,833

Net book value

At 31 December 2024

4,269,833

At 31 December 2023

1,942,071

Cost or valuation at 31 December 2024 is represented by:

Unlisted

investments

£

Valuation in 2024

4,269,833

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

124,362

38,400

Amounts owed by associates

109,714

27,767

Other debtors

49,386

391,525

283,462

457,692

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

44,054

27,579

Amounts owed to associates

-

3,644

Taxation and social security

27,277

48,665

Other creditors

6,585

63,477

77,916

143,365

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

191,017

Ordinary

£0.0001

19

18

During the year-end, the company made the following changes in relation to its share capital

On 4 January 2024, the company repurchased and cancelled 7,749 of its £0.0001 Ordinary shares

On 14 February 2024, the company issued 3,287 of £0.0001 Ordinary shares at premium of £127.5399 each

On 8 April 2024, the company issued 638 of £0.0001 Ordinary shares at premium of £127.5399 each

On 22 April 2024, the company issued 3,125 of £0.0001 Ordinary shares at premium of £127.5399 each

On 30 April 2024, the company issued 1,176 of £0.0001 Ordinary shares at premium of £127.5399 each

On 30 May 2024, the company issued 484 of £0.0001 Ordinary shares at premium of £127.5399 each

On 10 June 2024, the company issued 626 of £0.0001 Ordinary shares at premium of £127.5399 each

On 26 June 2024, the company issued 784 of £0.0001 Ordinary shares at premium of £127.5399 each

On 22 July 2024, the company issued 941 of £0.0001 Ordinary shares at premium of £127.5399 each

On 25 July 2024, the company issued 2,352 of £0.0001 Ordinary shares at premium of £127.5399 each

On 9 September 2024, the company issued 78 of £0.0001 Ordinary shares at premium of £127.5399 each

On 14 October 2024, the company issued 3,136 of £0.0001 Ordinary shares at premium of £127.5399 each

After the year-end, the company made the following issuances,

On 9 January 2025, the company issued 784 of £0.0001 Ordinary shares at premium of £127.5399 each

On 24 January 2025, the company issued 784 of £0.0001 Ordinary shares at premium of £127.5399 each

On 31 March 2025, the company issued 1,764 of £0.0001 Ordinary shares at premium of £127.5399 each

9.	Share-based payment transactions

Share Options

31.12.2024

31.12.2023

Number

Number

Outstanding at the beginning of the year

8,821

8,821

Granted during the year

-

-

Exercised during the year

-

-

Cancelled during the year

-

-

Outstanding at the end of the year

8,821

8,821

The total charge for the year relating to employee share based payment plans was £Nil (2023: £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 2024, 8,821 (2023: 8,821) EMI options remained in issue. These options have an exercise price of £0.89 per share.