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REGISTERED NUMBER: 07007100 (England and Wales)









Financial Statements

for the Year Ended 31 December 2022

for

Yubico Limited

Yubico Limited (Registered number: 07007100)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yubico Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: M Danielsson
Ms E C Oberg





REGISTERED OFFICE: Old Gun Court
North Street
Dorking
Surrey
RH4 1DE





REGISTERED NUMBER: 07007100 (England and Wales)





AUDITORS: Ensors Accountants LLP
159 Princes Street
Ipswich
Suffolk
IP1 1QJ

Yubico Limited (Registered number: 07007100)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 824 -

CURRENT ASSETS
Debtors 5 292,038 2,401,340
Cash at bank 137,010 119,789
429,048 2,521,129
CREDITORS
Amounts falling due within one year 6 154,974 244,833
NET CURRENT ASSETS 274,074 2,276,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,898

2,276,296

CREDITORS
Amounts falling due after more than one
year

7

-

2,013,748
NET ASSETS 274,898 262,548

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 273,898 261,548
SHAREHOLDERS' FUNDS 274,898 262,548

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:





Ms E C Oberg - Director


Yubico Limited (Registered number: 07007100)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Yubico 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.

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.
Plant and machinery etc - straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 6 (2021 - 6 ) .

Yubico Limited (Registered number: 07007100)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 3,761
Additions 1,023
At 31 December 2022 4,784
DEPRECIATION
At 1 January 2022 3,761
Charge for year 199
At 31 December 2022 3,960
NET BOOK VALUE
At 31 December 2022 824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by group undertakings - 2,133,870
Other debtors 292,038 267,470
292,038 2,401,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 7,586 -
Amounts owed to group undertakings 86,063 83,484
Taxation and social security 29,217 42,302
Other creditors 32,108 119,047
154,974 244,833

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other creditors - 2,013,748

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

The Report of the Auditors was unqualified.

Malcolm McGready (Senior Statutory Auditor)
for and on behalf of Ensors Accountants LLP

Yubico Limited (Registered number: 07007100)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

9. RELATED PARTY DISCLOSURES

Net income of £1,229,333 \2021 :£1,374,206\ was received in the year from Yubico AB, the company's parent company and interest of £34,929 \2021 : £84,758\ was payable to that company.

As at 31 December 2022 Yubico Limited owed £86,063 \2021 :£2,097,232\ to Yubico AB, the company's parent company and was owed £0 \2021 :£2,133,869\ by Yubico Inc, another group company.

10. ULTIMATE CONTROLLING PARTY

Yubico Ltd is a 100% subsidiary of :

Yubico AB
Kungsgatan 44
2nd floor
111 35 Stockholm
Sweden