Silverfin false false 31/12/2024 27/02/2024 31/12/2024 S Khajishvili 15/03/2024 V Olenchenko 27/02/2024 Ms V Olenchenko 28 August 2025 The company was incorporated and commenced its activities on 27 February 2024.
The principal activity is that of a holding company.
15526199 2024-12-31 15526199 bus:Director1 2024-12-31 15526199 bus:Director2 2024-12-31 15526199 core:CurrentFinancialInstruments 2024-12-31 15526199 core:ShareCapital 2024-12-31 15526199 core:SharePremium 2024-12-31 15526199 core:RetainedEarningsAccumulatedLosses 2024-12-31 15526199 core:ComputerEquipment 2024-02-26 15526199 2024-02-26 15526199 core:ComputerEquipment 2024-12-31 15526199 bus:OrdinaryShareClass1 2024-12-31 15526199 2024-02-27 2024-12-31 15526199 bus:FilletedAccounts 2024-02-27 2024-12-31 15526199 bus:SmallEntities 2024-02-27 2024-12-31 15526199 bus:AuditExemptWithAccountantsReport 2024-02-27 2024-12-31 15526199 bus:PrivateLimitedCompanyLtd 2024-02-27 2024-12-31 15526199 bus:Director1 2024-02-27 2024-12-31 15526199 bus:Director2 2024-02-27 2024-12-31 15526199 bus:Director3 2024-02-27 2024-12-31 15526199 core:ComputerEquipment 2024-02-27 2024-12-31 15526199 bus:OrdinaryShareClass1 2024-02-27 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15526199 (England and Wales)

SKF HOLDINGS UK LIMITED

Unaudited Financial Statements
For the financial period from 27 February 2024 to 31 December 2024
Pages for filing with the registrar

SKF HOLDINGS UK LIMITED

Unaudited Financial Statements

For the financial period from 27 February 2024 to 31 December 2024

Contents

SKF HOLDINGS UK LIMITED

BALANCE SHEET

As at 31 December 2024
SKF HOLDINGS UK LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024
£
Fixed assets
Tangible assets 3 1,144
1,144
Current assets
Debtors 4 14,347,157
Cash at bank and in hand 662,741
15,009,898
Creditors: amounts falling due within one year 5 ( 419)
Net current assets 15,009,479
Total assets less current liabilities 15,010,623
Provision for liabilities ( 217)
Net assets 15,010,406
Capital and reserves
Called-up share capital 6 20,000
Share premium account 14,985,000
Profit and loss account 5,406
Total shareholder's funds 15,010,406

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of SKF Holdings UK Limited (registered number: 15526199) were approved and authorised for issue by the Board of Directors on 28 August 2025. They were signed on its behalf by:

Ms V Olenchenko
Director
SKF HOLDINGS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 27 February 2024 to 31 December 2024
SKF HOLDINGS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 27 February 2024 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

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

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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a 25% reducing balance basis over its expected useful life, as follows:

Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

Period from
27.02.2024 to
31.12.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Tangible assets

Computer equipment Total
£ £
Cost
At 27 February 2024 0 0
Additions 1,373 1,373
At 31 December 2024 1,373 1,373
Accumulated depreciation
At 27 February 2024 0 0
Charge for the financial period 229 229
At 31 December 2024 229 229
Net book value
At 31 December 2024 1,144 1,144

4. Debtors

31.12.2024
£
Amounts owed by Group undertakings 14,347,157

5. Creditors: amounts falling due within one year

31.12.2024
£
Corporation tax 419

6. Called-up share capital

31.12.2024
£
Allotted, called-up and fully-paid
20,000 Ordinary shares of £ 1.00 each 20,000

On 27 February initial share capital of 5,000 ordinary shares were issued.
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.

7. Related party transactions

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

8. Ultimate controlling party

Parent Company:

SKF Investments Limited
Transafrica House, Fourth Floor, 26 Nikis Avenue, 1086 Nicosia, Cyprus