Cambridge Neurotech Limited - Filleted accounts

Registered number

08783030

Cambridge Neurotech Limited

Filleted Accounts

30 November 2024

Cambridge Neurotech Limited
Registered number:		08783030
Balance Sheet
as at 30 November 2024

Notes		2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		7,695		11,070

Current assets
Stocks		24,498		24,396
Debtors	4	757,070		807,506
Investments held as current assets	5	248,998		-
Cash at bank and in hand		1,439,192		1,507,691
		2,469,758		2,339,593

Creditors: amounts falling due within one year	6	(120,170)		(231,129)

Net current assets			2,349,588		2,108,464

Net assets			2,357,283		2,119,534

Capital and reserves
Called up share capital			10		10
Profit and loss account			2,357,273		2,119,524

Shareholder's funds			2,357,283		2,119,534

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr Tahl Holtzman
Director
Approved by the board on 25 October 2025

Cambridge Neurotech Limited
Notes to the Accounts
for the year ended 30 November 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery		at 25.00% straight line
	Computer equipment		at 33.33% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2024	2023
				Number	Number

	Average number of persons employed by the company			2	2


3	Tangible fixed assets
					Plant and machinery etc
					£
	Cost
	At 1 December 2023				26,735
	Additions				3,172
	At 30 November 2024				29,907

	Depreciation
	At 1 December 2023				15,665
	Charge for the year				6,547
	At 30 November 2024				22,212

	Net book value
	At 30 November 2024				7,695
	At 30 November 2023				11,070


4	Debtors			2024	2023
				£	£

	Trade debtors			194,047	248,912
	Other debtors			563,023	558,594
				757,070	807,506


5	Investments held as current assets			2024	2023
				£	£
	Fair value
	Listed investments			248,998	-



6	Creditors: amounts falling due within one year			2024	2023
				£	£

	Trade creditors			18,032	102,766
	Taxation and social security costs			91,644	122,743
	Other creditors			10,494	5,620
				120,170	231,129


7	Loans to directors
	Description and conditions	B/fwd	Paid	Repaid	C/fwd
		£	£	£	£
	Dr Tahl Holtzman	401,438	224,946	(226,477)	399,907
	Sarah-Jane McEwan	157,156	20,000	(22,157)	154,999
	Interest has been charged at the official HMRC rate.
		558,594	20,000	(248,634)	554,906


8	Related party transactions

	The directors' emoluments for the year was £264,934 (2023: £142,294).


9	Other information

	Cambridge Neurotech Limited is a private company limited by shares and incorporated in England. Its registered office is:
	64 High Street
	Swaffham Prior
	Cambridge
	Cambridgeshire
	CB25 0LD