| CYMULATE UK LTD |
| Statement of financial position as at 31 December 2024 |
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|
|
|
|
|
31.12.2024 |
|
|
31.12.2023 |
|
Notes |
|
£ |
£ |
|
| Fixed assets |
5 |
|
|
13,888 |
|
21,718 |
|
|
| Current assets |
| Debtors |
6 |
|
7,477,381 |
|
|
769,568 |
| Cash at bank and in hand |
|
|
1,817,554 |
|
|
7,497,952 |
|
|
|
9,294,935 |
|
|
8,267,520 |
|
| Creditors: amounts falling due |
| within one year |
7 |
|
(8,885,944) |
|
|
(7,688,894) |
|
|
|
|
|
|
|
| Net current assets |
|
|
|
408,991 |
|
578,626 |
|
| Creditors: amounts falling due |
| after one year |
8 |
|
|
(207,050) |
|
(391,688) |
|
|
|
|
|
|
|
| Total assets |
|
|
£ 215,829 |
|
£ 208,656 |
|
|
|
|
|
|
|
|
|
|
| Capital and Reserve |
|
|
|
|
£ |
|
£ |
|
| Called up share capital |
9 |
|
|
1 |
|
1 |
| Other fund |
|
|
|
168,570 |
|
155,006 |
| Profit and loss account |
|
|
|
47,258 |
|
53,649 |
| Shareholders' funds |
|
|
|
£ 215,829 |
|
£ 208,656 |
|
|
|
|
|
|
|
|
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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| 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 for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. |
| The financial statements have been prepared in accordance with special provision of Part 15 of the Companies Act 2006 relating to small companies and with the provisions of FRS 102 Section 1A Small Entities. |
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|
| ____________________________ |
| E. Wachsman |
| Director |
| Company number: 12984650 |
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|
4 December 2025 |
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| CYMULATE UK LTD |
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| Notes to the financial statements - 31 December 2024 |
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|
COMPANY INFORMATION |
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| 1. |
Company Information |
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Cymulate UK Ltd is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 6.12 Central House 1 Ballards Lane, London, United Kingdom, N3 1LQ |
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The company is a wholly owned subsidiary of Cymulate Ltd, a company registered in Israel. |
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| 2. |
Accounting Policies |
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| 2.1 |
Basis of accounting |
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The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006. |
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The financial statements are presented in sterling (£). |
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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| 2.2 |
Financial instruments |
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The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments: |
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(i) Financial assets |
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Basic financial assets including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method and are assess for objective evidence of impairment at the end of each reporting period. |
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(ii) Financial liabilities |
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Basic financial liabilities including trade and other payable are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method. |
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| 2.3 |
Going concern |
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The company has a positive capital and reserve and positive net current assets. |
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The company is profitable and will continue to be profitable in the future as according to the group TP policy, the company is entitled to a fixed margin on the services provided to the parent company. The company and the Cymulate group are both operationally and financially inextricably linked. Having considered the post year trading and financial results of the group and the group's cash reserves, and after making enquiries of the directors of the parent undertaking, the directors have reasonable expectations that the company and the group have adequate resources to continue an operational existence and meet their liabilities for a period of at least 12 months from the date these financial statements were approved. |
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On the basis of the above, the directors consider it appropriate to prepare the financial statement on a going concern basis. |
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| CYMULATE UK LTD |
|
| Notes to the financial statements - 31 December 2024 |
|
| 2. |
Accounting Policies (continued) |
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| 2.4 |
Turnover |
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Turnover represents net invoiced services, excluding VAT. |
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| 2.5 |
Revenue recognition |
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The company generates revenues from sales of term licences and provision of maintenance services. Revenue from the sale of term licences and related services are recognised on a straight line basis over the period of the agreement. |
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| 2.6 |
Tangible fixed assets |
|
Plant & Machinery |
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Fixed assets are disclosed at cost less impairment charge. Depreciation is provided at the following annual rates in order to write off the assets over their estimated useful lives: |
|
|
Computer and software |
- 33% straight line |
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| 2.7 |
Debtors |
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Short term debtors that includes trade and other receivables are measured at transaction price, less any impairment. |
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| 2.8 |
Creditors |
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Basic financial liabilities including trade and other payable are measured at transaction price. |
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| 2.9 |
Current & deferred taxation |
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Deferred taxation is provided using the liability method to take into account timing from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future. |
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Provision for deferred taxation is set off against debit balance of deferred taxation. |
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The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income. |
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| 2.10 |
Foreign currencies |
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Monetary assets and liabilities in foreign currencies are translated into Sterling at the rate of exchange ruling at the Balance Sheet date. Transactions in Foreign currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. |
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| CYMULATE UK LTD |
|
| Notes to the financial statements - 31 December 2024 |
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| 2. |
Accounting Policies (continued) |
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| 2.11 |
Employee benefits |
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The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans. |
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(i) Short term benefits |
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Short term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the service is received. |
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(ii) Bonus plan |
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The company operates annual bonus plan for employees and expense is recognised in the profit and loss account when the company has a legal or constructive obligation to make payment under the plan as a result of passed events and reliable estimation of the obligation can be made. |
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(iii) Defined contribution pension plans |
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The company operated a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. |
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(iv) Share based payments |
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The company participates in a share based payment arrangement established by its ultimate parent company. The company recognises the share based payment expense based on the relative remuneration cost of the relevant employees. |
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The corresponding credit is recognised as a component of equity. |
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| 3. |
Employee information |
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The average number of staff employed by the company during the financial year was: |
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|
|
|
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|
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2023 |
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2022 |
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Number |
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Number |
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|
|
|
|
|
15 |
|
13 |
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| 4. |
Director's emoluments |
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No remunerations paid to any of the directors during the year. |
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| CYMULATE UK LTD |
|
| Notes to the financial statements - 31 December 2024 |
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| 8. |
Creditors: amounts falling due after one year |
|
|
31.12.2024 |
|
31.12.2023 |
|
|
£ |
|
£ |
|
|
Deferred revenue |
207,050 |
|
391,688 |
|
|
207,050 |
|
391,688 |
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|
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|
|
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| 9. |
Share capital |
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|
|
31.12.2024 |
|
31.12.2023 |
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|
£ |
|
£ |
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Allotted, called up and fully paid: |
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1 ordinary shares at £1 |
1 |
|
1 |
|
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| 10. |
Audit report information |
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As the income statement has been omitted from the filing of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444 (5B) of the Companies Act 2006. The auditor's report was unqualified. |
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The senior statutory auditor was Mr. Ran Shahmoon. |
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The auditor was Shahmoon & Co. |
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Date auditor signed accounts: 4 December 2025 |
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Name of director signing accounts: E. Wachsman |
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Date director signed accounts: 4 December 2025 |
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| 11. |
Related party transactions |
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Control: |
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The immediate and ultimate parent company is Cymulate Ltd a company incorporated and registered in Israel whose registered address is: 2 Sderot Nim, Rishon Letzion, 7546302, Israel. |
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Cymulate UK Ltd is the smallest and largest group to prepare consolidated accounts that can be obtained from its registered office. |
|
|
Transaction: |
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The company is exempt from disclosing transactions with related parties that are wholly owned within the same group in accordance with FRS 102 Section 33(1)A. |
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| 12. |
Commitment |
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As at 31.12.2024 the company does not have any commitments. |