NEXPERIA UK LTD.

Company Registration Number:
05814335 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

NEXPERIA UK LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NEXPERIA UK LTD.

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the Company is manufacturing semiconductors for the Automotive, Industrial, Communications, Infrastructure and Computing markets. The manufacturing facility is in Manchester.

Additional information

Environment Streamlined Energy Carbon Reporting (SECR) Going concern



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Rachel Whittaker
Ruben Lichtenberg


The director shown below has held office during the period of
1 January 2023 to 15 December 2023

Anthonie Versluijs


The directors shown below have held office during the period of
15 December 2023 to 31 December 2023

Christian Paul Jones
Fredrik Oeberg


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 January 2025

And signed on behalf of the board by:
Name: Rachel Whittaker
Status: Director

NEXPERIA UK LTD.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 230,427 163,898
Cost of sales: ( 195,492 ) ( 137,401 )
Gross profit(or loss): 34,935 26,497
Distribution costs: ( 681 ) ( 392 )
Administrative expenses: ( 20,821 ) ( 17,637 )
Other operating income: 2,814 1,170
Operating profit(or loss): 16,247 9,638
Interest receivable and similar income: 303
Interest payable and similar charges: ( 2,087 ) ( 513 )
Profit(or loss) before tax: 14,463 9,125
Tax: ( 3,166 ) ( 1,179 )
Profit(or loss) for the financial year: 11,297 7,946

NEXPERIA UK LTD.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 2,410 2,410
Tangible assets: 4 141,505 147,864
Total fixed assets: 143,915 150,274
Current assets
Stocks: 5 23,490 30,097
Cash at bank and in hand: 59,286 47,851
Investments: 6 41,357
Total current assets: 124,133 77,948
Creditors: amounts falling due within one year: 7 ( 43,691 ) ( 108,484 )
Net current assets (liabilities): 80,442 (30,536)
Total assets less current liabilities: 224,357 119,738
Creditors: amounts falling due after more than one year: 8 ( 11,959 ) ( 8,632 )
Provision for liabilities: ( 1,339 ) ( 1,484 )
Total net assets (liabilities): 211,059 109,622
Capital and reserves
Called up share capital: 59,100 59,100
Share premium account: 90,000
Other reserves: 3,707 3,707
Profit and loss account: 58,252 46,815
Total Shareholders' funds: 211,059 109,622

The notes form part of these financial statements

NEXPERIA UK LTD.

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 31 January 2025
and signed on behalf of the board by:

Name: Rachel Whittaker
Status: Director

The notes form part of these financial statements

NEXPERIA UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Revenue is measured at fair value of the consideration received or receivable, based on the transfer pricing policy of the Nexperia Group. The Company receives a fixed mark-up from other group companies on the cost of all goods produced and all other overheads incurred. All research and development costs are invoiced to Nexperia B.V. with fixed profit uplifts and income received included as revenue. Revenue is recognised in line with the Company’s incoterms DAP (delivered at place). The Company accepts all costs of delivering the goods to the specific agreed location of the Buyer. Nexperia UK act as intermediary for Nexperia BV for direct supply of products by Nexperia BV to customers. Nexperia UK receive a contractual 3% commission on all sales generated for Nexperia BV where they are the intermediary. The Directors have assessed the “principal agent guidance” within “IFRS 15 Revenue from contracts with customers”. Based on the duties and responsibilities of both parties to the agreement, the Directors believe Nexperia UK are acting as agent in this arrangement and so only recognise the net 3% commission within revenue as opposed to the gross revenue and costs in relation to the sale.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Freehold land and buildings are carried at fair value, based on periodic valuations by a professionally qualified valuer. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as separate items of tangible fixed assets. Depreciation is charged to the income statement on a straight-line basis over the estimated useful lives of each part of an item of tangible fixed assets

    Intangible fixed assets amortisation policy

    Goodwill is stated at cost less any accumulated impairment losses. Goodwill is allocated to cash-generating units. It is not amortised but is tested annually for impairment. The directors consider that this would fail to give a true and fair view of the profit for the year and that the economic measure of performance in any period is properly made by reference only to any impairment that may have arisen. It is not practicable to quantify the effect on the financial statements of this departure.

NEXPERIA UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1,065 947

NEXPERIA UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 2,410 1,156 3,566
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 2,410 1,156 3,566
Amortisation
At 1 January 2023 0 1,156 1,156
Charge for year
On disposals
Other adjustments
At 31 December 2023 0 1,156 1,156
Net book value
At 31 December 2023 2,410 0 2,410
At 31 December 2022 2,410 0 2,410

NEXPERIA UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 13,320 136,008 75,765 225,093
Additions 69 7,975 39,824 47,868
Disposals ( 24 ) ( 24 )
Revaluations
Transfers 1,007 16,501 60,619 43,111
At 31 December 2023 14,372 160,484 54,970 229,826
Depreciation
At 1 January 2023 8,911 68,318 77,229
Charge for year 143 12,703 12,846
On disposals
Other adjustments 1,754 1,754
At 31 December 2023 9,054 79,267 88,321
Net book value
At 31 December 2023 5,318 81,217 54,970 141,505
At 31 December 2022 4,409 67,690 75,765 147,864

NEXPERIA UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

2023 2022
£ £
Stocks 23,490 30,097
Total 23,490 30,097

NEXPERIA UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Current assets investments note

In November 2023, Nexperia B.V. and Vishay Intertechnology, Inc. (Vishay), through its subsidiary, Siliconix Incorporated signed a Stock Purchase Agreement arranging the transfer of 100% of the shares of Neptune 6, which is the 100% parent company of Nexperia Newport Ltd. As at the end of 2023, the completion was foreseen at the end of Q1 2024. It was agreed that it was highly likely the sale would go ahead and as such that the sale of the plant and machinery would be made back to Newport Ltd ahead of the final sale to Vishay. As such the assets were held for sale at the end of 2023. Based on the signed SPA, Management has assessed that the relevant assts of Nexperia UK Ltd. meets the criteria for “Held-for-Sale” as of the date of the financial statements. No impairment loss has been identified as of the balance sheet date. In addition, Management believes the assets do not constitute a major business line of Nexperia UK Ltd. Post year the assets were sold in January 2024 and the subsequent sale of Nexperia Newport Ltd to Vishay Intertechnology, Inc took place on 6th March 2024.

NEXPERIA UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 6,607 50,584
Amounts due under finance leases and hire purchase contracts 724 566
Trade creditors 18,020 28,447
Accruals and deferred income 12,552 9,536
Other creditors 5,788 19,351
Total 43,691 108,484

NEXPERIA UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 484 332
Other creditors 11,475 8,300
Total 11,959 8,632