ACCOUNTS - Final Accounts

Registered number: 13262550

CATS STEP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2025

CATS STEP LIMITED

REGISTERED NUMBER: 13262550

BALANCE SHEET

AS AT 31 JULY 2025

	2025	2025	2024	2024
Note	£	£	£	£


CURRENT ASSETS
Debtors: amounts falling due within one year	4	325		3,464
Cash at bank and in hand		263,200		12,959
		263,525		16,423
Creditors: amounts falling due within one year	5	(6,344)		(44,427)
NET CURRENT ASSETS/(LIABILITIES)			257,181		(28,004)

NET ASSETS/(LIABILITIES)			257,181		(28,004)

CAPITAL AND RESERVES
Called up share capital	6	100	100
Profit and loss account		257,081	(28,104)
		257,181	(28,004)

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr J Carver

Director

Date: 5 May 2026

The notes on pages 2 to 5 form part of these financial statements.

Page 1

CATS STEP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	GENERAL INFORMATION

CATs Step Limited was incorporated on 12 March 2021 (registration number 13262550) and is a private company limited by shares and incorporated in England and Wales. Its registered office is 11 Madingley Road, Cambridge, United Kingdom, CB3 0EG. The immediate and ultimate parent undertaking is Cambridge Education and Development Trust, a registered charity.

The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

GOING CONCERN

At the end of July 2025, CATs Step Ltd (CSL) had net assets of £257,181 (2024: net liabilities £28,004). During the 2025 financial year CSL sold the Cats Step software intellectual property to PeopleCert International Limited for £700,000. However, the right to supply the software in Malaysia has been retained and can be exploited by the Company in future.

The Directors recognise that following the sale of the Cats Step software, the primary purpose for which the Company was formed has been achieved, and have accordingly resolved that CATs Step Limited should be wound up. Any remaining assets of the Company, including intellectual property of only nominal value, will be transferred to its parent CEDT.

The process of winding up the Company is expected to be completed during 2026. Accordingly, the accounts have not been prepared on the going concern basis.

2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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CATS STEP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.3

TURNOVER

CATs Step software
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured.

Turnover in respect of the provision of CATs Step software is recognised evenly over the period of use requested by the customer.

Grant income
Grant income represents funding by Cambridge Malaysian Education and Development Trust. Core grant income is recognised in full on receipt, project grant income in line with reimbursable expenditure. Where income received exceeds reimbursable expenditure, the excess is deferred. Where reimbursable expenditure exceeds income, accrued income is recognised when the payment has been agreed.

2.4

INTEREST INCOME

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the bank.

2.5

TAXATION AND GIFT AID

Where there is an intention to gift aid donate all taxable profits to the Company's parent (Cambridge Education and Development Trust) within 9 months of the year end, no tax is provided for in the financial statements.

2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

The Company has no employees other than the Directors, who did not receive any remuneration (2024 - £NIL).

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CATS STEP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

DEBTORS

					2025	2024
					£	£


Other debtors	235	3,274
Prepayments	90	190
	325	3,464

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Trade creditors	2,314	22,834
Accruals	4,030	21,593
	6,344	44,427

6.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

RELATED PARTY TRANSACTIONS

Donations amounting to £20,000 were received from Cambridge Malaysian Education and Development Trust, a related charity (2024: £385,000).

The Company paid £93,700 to Dr Anil Seal (Director of Cambridge Malaysian Education and Development Trust and Trustee of Cambridge Education and Development Trust) for consultancy services (2024: £84,500). At the year end, no amount was due to Dr Anil Seal (2024: £8,000).

During the year, the Company gift aid donated £200,000 to its parent charity, Cambridge Education and Development Trust (2024: £NIL).

8.	POST BALANCE SHEET EVENTS

Following the development and sale of the Cats Step software, the Directors resolved on 11 March 2026 to wind up the Company. The Directors expect that the process of winding up the Company will be completed during 2026. Any remaining assets of the Company, including intellectual property of only nominal value, will be transferred to its parent, CEDT.

Page 4

CATS STEP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

9.	CONTROLLING PARTY

The immediate and ultimate parent undertaking is Cambridge Education and Development Trust, a registered charitable company limited by guarantee (charity number: 1172623; company number: 10626985). Its registered office is 11 Madingley Road, Cambridge, CB3 0EG.

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