Company registration number 12984650 (England and Wales)
CYMULATE UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CYMULATE UK LTD
COMPANY INFORMATION
Director
Mr E Wachsman
Company number
12984650
Registered office
6.12 Central House
1 Ballards Lane
London
N3 1LQ
Auditor
Shahmoon & Co
6.12 Central House
1 Ballards Lane
London
N3 1LQ
CYMULATE UK LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 10
CYMULATE UK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
10,197
13,888
Current assets
Debtors
6
1,839,847
1,089,645
Cash at bank and in hand
1,904,672
1,817,554
3,744,519
2,907,199
Creditors: amounts falling due within one year
7
(3,430,698)
(2,498,208)
Net current assets
313,821
408,991
Total assets less current liabilities
324,018
422,879
Creditors: amounts falling due after more than one year
8
(139,443)
(207,050)
Net assets
184,575
215,829
Capital and reserves
Called up share capital
10
1
1
Other reserves
192,352
168,570
Profit and loss reserves
(7,778)
47,258
Total equity
184,575
215,829

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 April 2026
Mr E Wachsman
Director
Company registration number 12984650 (England and Wales)
CYMULATE UK LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Other fund
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2024
1
155,006
53,649
208,656
Year ended 31 December 2024:
Loss
-
-
(6,391)
(6,391)
Other comprehensive income:
Share based payment
-
13,564
-
13,564
Balance at 31 December 2024
1
168,570
47,258
215,829
Year ended 31 December 2025:
Loss
-
-
(55,036)
(55,036)
Other comprehensive income:
Share based payment
-
23,782
-
23,782
Balance at 31 December 2025
1
192,352
(7,778)
184,575
CYMULATE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

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
The company is a wholly owned subsidiary of Cymulate Ltd, a company registered in Israel.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

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.

1.4
Tangible fixed assets

Plant & Machinery |  |
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 |

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

CYMULATE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CYMULATE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

CYMULATE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Employee benefits

The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans.
(i) Short term benefits |  |  |  |  |  |
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.
(ii) Bonus plan |  |  |  |  |  |  |
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.
(iii) Defined contribution pension plans |  |  |  |  |
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.
(iv) Share based payments |  |  |  |  |  |
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.
The corresponding credit is recognised as a component of equity. |  |

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Share-based payments

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.
The corresponding credit is recognised as a component of equity. |  |

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign currencies
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.
CYMULATE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
16
15

Share based payments |  |  |  |  |  |
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.
The corresponding credit is recognised as a component of equity. |  |

4
Tangible fixed assets
Computers
£
Cost
At 1 January 2025
47,034
Additions
7,375
At 31 December 2025
54,409
Depreciation and impairment
At 1 January 2025
33,146
Depreciation charged in the year
11,066
At 31 December 2025
44,212
Carrying amount
At 31 December 2025
10,197
At 31 December 2024
13,888
5
Financial instruments
CYMULATE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,571,746
833,590
Corporation tax recoverable
1,992
-
0
Amounts owed by group undertakings
-
0
103,282
Prepayments and accrued income
139,930
142,915
1,713,668
1,079,787
2025
2024
Amounts falling due after more than one year:
£
£
Prepayments and accrued income
126,179
9,858
Total debtors
1,839,847
1,089,645

Short term debtors that includes trade and other receivables are measured at transaction price, less any impairment.

7
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Trade creditors
17,696
48,049
Amounts owed to Parent
128,285
256,203
Corporation tax
-
0
29,028
Other taxation and social security
123,532
77,474
Deferred income
9
2,374,403
1,837,940
Accruals and deferred income
786,782
249,514
3,430,698
2,498,208
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Deferred income
9
139,443
207,050
CYMULATE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
9
Deferred income
2025
2024
£
£
Deferred income
2,513,846
2,044,990
Included in the financial statements as follows:
Current liabilities
2,374,403
1,837,940
Non-current liabilities
139,443
207,050
2,513,846
2,044,990
10
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
£1 of {1p} each
1
1
1
1
11

Related party transactions
Control: 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. Cymulate UK Ltd is the smallest and largest group to prepare consolidated accounts that can be obtained from its registered office. |  |  |  |
Transaction: 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.

12

Commitment As at 31.12.2025 the company does not have and commitments. |  |

CYMULATE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
13
Audit report information

As the income statement has been omitted from the filing copy 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 is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

In our opinion: |
- the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the Director's Report has been prepared in accordance with applicable legal requirements.

Senior Statutory Auditor:
Ran Shahmoon
Statutory Auditor:
Shahmoon & Co
Date of audit report:
14 April 2026
2025-12-31 2025-01-01 false false false 14 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr E Wachsman 12984650 2025-01-01 2025-12-31 12984650 bus:Director1 2025-01-01 2025-12-31 12984650 bus:RegisteredOffice 2025-01-01 2025-12-31 12984650 2025-12-31 12984650 2024-12-31 12984650 core:ComputerEquipment 2025-12-31 12984650 core:ComputerEquipment 2024-12-31 12984650 core:CurrentFinancialInstruments 2025-12-31 12984650 core:CurrentFinancialInstruments 2024-12-31 12984650 core:Non-currentFinancialInstruments 2025-12-31 12984650 core:Non-currentFinancialInstruments 2024-12-31 12984650 core:ShareCapital 2025-12-31 12984650 core:ShareCapital 2024-12-31 12984650 core:OtherMiscellaneousReserve 2025-12-31 12984650 core:OtherMiscellaneousReserve 2024-12-31 12984650 core:RetainedEarningsAccumulatedLosses 2025-12-31 12984650 core:RetainedEarningsAccumulatedLosses 2024-12-31 12984650 core:ShareCapital 2023-12-31 12984650 core:RetainedEarningsAccumulatedLosses 2023-12-31 12984650 core:ShareCapitalOrdinaryShareClass1 2025-12-31 12984650 core:ShareCapitalOrdinaryShareClass1 2024-12-31 12984650 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12984650 2024-01-01 2024-12-31 12984650 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 12984650 core:ComputerEquipment 2024-12-31 12984650 core:ComputerEquipment 2025-01-01 2025-12-31 12984650 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12984650 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12984650 bus:FRS102 2025-01-01 2025-12-31 12984650 bus:Audited 2025-01-01 2025-12-31 12984650 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP