REGISTERED NUMBER: 04277605 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NEW HORIZONS (CAMBRIDGE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I I Pesic

Y I Pesic

REGISTERED OFFICE:

Silvaco Technology Centre

Compass Point

St Ives

Cambridgeshire

PE27 5JL

REGISTERED NUMBER:

04277605 (England and Wales)

AUDITORS:

Prentis & Co LLP

Chartered Accountants & Statutory Auditors

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Tangible assets

4

49,945

1,303

Investment property

5

1,900,000

1,900,000

1,949,945

1,901,303

CURRENT ASSETS

Debtors

6

100,316

111,773

Cash at bank

75,924

101,068

176,240

212,841

CREDITORS

Amounts falling due within one year

7

3,659,380

3,662,060

NET CURRENT LIABILITIES

(3,483,140

)

(3,449,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,533,195

)

(1,547,916

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,533,196

)

(1,547,917

)

SHAREHOLDERS' FUNDS

(1,533,195

)

(1,547,916

)

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 7 May 2026 and were signed on its behalf by:

Y I Pesic - Director

1.	STATUTORY INFORMATION

New Horizons (Cambridge) Limited 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

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared under the historical cost convention and include the results of the company's operations, which are described in the Report of the Directors and all of which are continuing. The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st December 2025 the company's current liabilities exceeded its current assets by £3,483,140. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided as necessary, to enable the company to continue as a going concern.

Turnover

Turnover comprises invoiced rents and services suppled by the company, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at market value at the balance sheet date. Any aggregate surplus or deficit arising from changes in value is recognised in the profit and loss account.

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 or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2025

1,082,060

76,065

1,158,125

Additions

53,995

-

53,995

Disposals

(1,082,060

)

-

(1,082,060

)

At 31 December 2025

53,995

76,065

130,060

DEPRECIATION

At 1 January 2025

1,082,060

74,762

1,156,822

Charge for year

4,050

1,303

5,353

Eliminated on disposal

(1,082,060

)

-

(1,082,060

)

At 31 December 2025

4,050

76,065

80,115

NET BOOK VALUE

At 31 December 2025

49,945

-

49,945

At 31 December 2024

-

1,303

1,303

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,900,000

NET BOOK VALUE

At 31 December 2025

1,900,000

At 31 December 2024

1,900,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2013

(1,412,818

)

Valuation in 2017

150,000

Cost

3,162,818

1,900,000

The property was valued on 6 April 2018 by Brown & Co - Property and Business Consultants LLP. The market value (with vacant possession) was determined as £1,900,000.

The directors have considered the basis of the external valuation and are satisfied that the value of the property at 31st December 2025 is not materially different to the valuation carried out in 2018.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,509

22,840

Deferred tax asset

33,182

37,922

Prepayments

50,625

51,011

100,316

111,773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 8)

3,508,741

3,516,368

Trade creditors

38,847

32,649

Social security and other taxes

639

-

VAT

13,116

12,314

Other creditors

49,461

43,800

Accruals and deferred income

48,576

56,929

3,659,380

3,662,060

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

3,508,741

3,516,368

9.	SECURED DEBTS

A debenture dated 27 May 2003 has been granted by New Horizons (Cambridge) Limited to National Westminster Bank Plc, giving fixed and floating charges over all the company's property and assets.

10.	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

11.	RELATED PARTY DISCLOSURES

During the year Silvaco Europe Ltd, a company under common control, was charged rent of £154,000 (2024: £154,000). During the same period Silvaco Europe Limited charged the company £Nil (2024: £20,216) for property management services. No amounts were outstanding at the balance sheet date (2024: £15,400 owed from Silvaco Europe Ltd).

12.	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.

13.	ULTIMATE CONTROLLING PARTY