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REGISTERED NUMBER: 13830595 (England and Wales)















Vestum UK Limited

Financial Statements for the Year Ended 31 December 2023






Vestum UK Limited (Registered number: 13830595)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vestum UK Limited

Company Information
for the Year Ended 31 December 2023







Directors: Mr O Nykvist
Mr S C L Gothberg



Registered office: Pump Supplies Ltd
Unit 1 The Old Airfield
Moreton Valence
Gloucestershire
GL2 7NG



Registered number: 13830595 (England and Wales)



Senior statutory auditor: Clive Edwards



Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Vestum UK Limited (Registered number: 13830595)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
Fixed assets
Investments 4 22,118,287 -

Current assets
Debtors 5 1 1

Creditors
Amounts falling due within one year 6 (22,122,268 ) (1,997 )
Net current liabilities (22,122,267 ) (1,996 )
Total assets less current liabilities (3,980 ) (1,996 )

Capital and reserves
Called up share capital 7 1 1
Retained earnings 8 (3,981 ) (1,997 )
Shareholders' funds (3,980 ) (1,996 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by:





Mr O Nykvist - Director


Vestum UK Limited (Registered number: 13830595)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Vestum UK 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
Additions 22,118,287
At 31 December 2023 22,118,287
Net book value
At 31 December 2023 22,118,287

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Called up share capital not paid 1 1

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Amounts owed to group undertakings 22,121,068 797
Accruals and deferred income 1,200 1,200
22,122,268 1,997

Vestum UK Limited (Registered number: 13830595)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 100 1 1

8. Reserves
Retained
earnings
£   

At 1 January 2023 (1,997 )
Deficit for the year (1,984 )
At 31 December 2023 (3,981 )

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Clive Edwards (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

10. Ultimate controlling party

The ultimate controlling party is Vestum AB (publ).