Company No:
Contents
| Note | 31.12.2024 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 3 |
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| 1,144 | ||
| Current assets | ||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 15,009,898 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 15,009,479 | |
| Total assets less current liabilities | 15,010,623 | |
| Provision for liabilities | (
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| Net assets |
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| Capital and reserves | ||
| Called-up share capital | 6 |
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| Share premium account |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of SKF Holdings UK Limited (registered number:
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Ms V Olenchenko
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
SKF Holdings UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 73 Cornhill , London, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
| Computer equipment |
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| Period from 27.02.2024 to 31.12.2024 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including directors |
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| Computer equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At 27 February 2024 |
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| Additions |
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| At 31 December 2024 |
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| Accumulated depreciation | |||
| At 27 February 2024 |
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| Charge for the financial period |
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| At 31 December 2024 |
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| Net book value | |||
| At 31 December 2024 | 1,144 | 1,144 |
| 31.12.2024 | |
| £ | |
| Amounts owed by Group undertakings |
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| 31.12.2024 | |
| £ | |
| Corporation tax |
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| 31.12.2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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On 12 April 2024 a further 5,000 ordinary shares were issued at par.
On 20 November 2024 a further 10,000 ordinary shares were issued at par.
Other related party transactions
The Company has taken advantage of the the exemption provided from disclosing transactions with its parent on the grounds that it is a wholly owned subsidiary.
At the year end the company was owed £11,785,990 by an entity under common control. This loan is interest free and repayable on demand
Parent Company:
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| Transafrica House, Fourth Floor, 26 Nikis Avenue, 1086 Nicosia, Cyprus |