REGISTERED NUMBER: 03207883 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SILVACO EUROPE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C R Jackson

C J Zegarelli

Ms C S Hults Allegretti

REGISTERED OFFICE:

Silvaco Technology Centre

Compass Point

St Ives

Cambridgeshire

PE27 5JL

REGISTERED NUMBER:

03207883 (England and Wales)

AUDITORS:

Prentis & Co LLP

Chartered Accountants & Statutory Auditors

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Tangible assets

4

14,610

15,437

CURRENT ASSETS

Debtors

5

3,637,976

4,445,458

Cash at bank

136,308

365,925

3,774,284

4,811,383

CREDITORS

Amounts falling due within one year

6

1,756,586

2,709,266

NET CURRENT ASSETS

2,017,698

2,102,117

TOTAL ASSETS LESS CURRENT LIABILITIES

2,032,308

2,117,554

CAPITAL AND RESERVES

Called up share capital

54,600

54,600

Retained earnings

1,977,708

2,062,954

SHAREHOLDERS' FUNDS

2,032,308

2,117,554

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.

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

C J Zegarelli - Director

1.	STATUTORY INFORMATION

Silvaco Europe 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Fixtures, fittings & equipment

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

A potential deferred tax liability of £3,441 (2023 - £3,601) exists. However, this has not been recognised in the financial statements on the basis that any liability arising would be offset against, in year, Research and Development expenditure claims.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates 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 transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Deferred income

Income relating to maintenance contracts and software leasing is apportioned to the profit and loss account according to the period which it relates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Computer

& equipment

equipment

Totals

£

£

£

COST

At 1 January 2024

35,575

170,948

206,523

Additions

-

10,653

10,653

At 31 December 2024

35,575

181,601

217,176

DEPRECIATION

At 1 January 2024

35,238

155,848

191,086

Charge for year

337

11,143

11,480

At 31 December 2024

35,575

166,991

202,566

NET BOOK VALUE

At 31 December 2024

-

14,610

14,610

At 31 December 2023

337

15,100

15,437

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

59,861

555,529

Amounts owed by group undertakings

2,388,875

2,076,953

Other debtors

1,189,240

1,812,976

3,637,976

4,445,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

22,508

7,997

Social security and other taxes

61,204

46,693

VAT

7,929

33,082

Other creditors

4,182

-

Accruals and deferred income

1,660,763

2,621,494

1,756,586

2,709,266

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Prentis FCA (Senior Statutory Auditor)

for and on behalf of Prentis & Co LLP

8.	OTHER FINANCIAL COMMITMENTS

The company has non-cancellable operating lease commitments as follows:

2024

2023

Land and Buildings

£

£

Expiry Date:

Between five and ten years

770,000

924,000

9.	RELATED PARTY DISCLOSURES

During the year the company received £2,445,892 (2023 - £2,121,951) in respect of research and support services from Silvaco Inc., a company related by way of being under common control. The company paid Silvaco Inc. £1,044,901 (2023 - £2,103,605) for costs of goods sold. At the balance sheet date the company was owed £1,523,980 by Silvaco Inc., in relation to amounts invoiced.

In addition to the above, during the year, the company made various short term loans to Silvaco Inc.. Total interest of £99,472 (2023 - £63,303) was charged. As at 31st December 2024 £864,895 was owed by Silvaco Inc. in relation to outstanding loans.

During the year the company was charged £154,000 (2023 - £154,000) in relation to rental of the company office building by New Horizons (Cambridge) Limited, a company related by way of being under common control. The company invoiced New Horizons (Cambridge) Limited £20,216 (2023 - £20,216) for management services. At the balance sheet date the company owed £15,400 to New Horizons (Cambridge) Limited.

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	ULTIMATE PARENT COMPANY