Company Registration No. 04752549 (England and Wales)
Cimar (UK) Limited
Unaudited accounts
for the year ended 31 December 2025
Cimar (UK) Limited
Unaudited accounts
Contents
Cimar (UK) Limited
Company Information
for the year ended 31 December 2025
Directors
Howard Jenkinson
David Jeffrey Katz
Cornelis Wesdorp
Mital Harish Patel
Secretary
Reed Smith Corporate Services
Company Number
04752549 (England and Wales)
Registered Office
Reed Smith
1 Blossom Yard
London
London
E1 6RS
England
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Cimar (UK) Limited
Statement of financial position
as at 31 December 2025
Tangible assets
15,807
11,393
Cash at bank and in hand
138,451
1,743,722
Creditors: amounts falling due within one year
(500,653)
(1,180,437)
Net current assets
164,840
1,387,955
Total assets less current liabilities
180,647
1,399,348
Provisions for liabilities
Deferred tax
(3,004)
(2,279)
Net assets
177,643
1,397,069
Called up share capital
41,470
41,470
Share premium
2,981,249
1,663,859
Profit and loss account
(2,845,076)
(308,260)
Shareholders' funds
177,643
1,397,069
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by
Howard Jenkinson
Director
Company Registration No. 04752549
Cimar (UK) Limited
Notes to the Accounts
for the year ended 31 December 2025
Cimar (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 04752549. The registered office is Reed Smith, 1 Blossom Yard, London, London, E1 6RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
33% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The directors believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the directors will be adequate to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements.
Cimar (UK) Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
9,390
27,101
36,491
At 31 December 2025
9,390
36,619
46,009
At 1 January 2025
9,178
15,920
25,098
Charge for the year
53
5,051
5,104
At 31 December 2025
9,231
20,971
30,202
At 31 December 2025
159
15,648
15,807
At 31 December 2024
212
11,181
11,393
Amounts falling due within one year
Trade debtors
486,998
789,248
Accrued income and prepayments
39,017
34,392
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
29,628
36,444
Taxes and social security
49,212
32,635
Other creditors
11,599
5,767
Deferred income
169,209
375,048
Allotted, called up and fully paid:
4,146,927 Ordinary shares of £0.01 each
41,469.27
41,469.26
Shares issued during the period:
1 Ordinary shares of £0.01 each
0.01
Cimar (UK) Limited
Notes to the Accounts
for the year ended 31 December 2025
On 10 November 2025, Cimar (UK) Limited was acquired by DH AI International Holdings BV. A wholly owned subsidiary of Radnet Inc (RDNT) which is based in USA and listed on Nasdaq.
As a result of the acquisition, substantial costs were incurred including the resolution of a vendor dispute. The total being £2,560,366.
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Average number of employees
During the year the average number of employees was 16 (2024: 15).