REGISTERED NUMBER: 10013204 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EIDESVIK UK LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Current assets

Cash at bank and in hand

34,978

46,829

Creditors

Amounts falling due within one year

4

4,794

9,177

Net current assets

30,184

37,652

Total assets less current liabilities

30,184

37,652

Capital and reserves

Called up share capital

5

1

1

Retained earnings

30,183

37,651

Shareholders' funds

30,184

37,652

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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

Mr L T Engelsen - Director

1.	Statutory information

Eidesvik UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10013204. The registered office address is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.

Creditors: amounts falling due within one year

2024

2023

£

£

Amounts owed to group undertakings

-

5,396

Accruals and deferred income

4,794

3,781

4,794

9,177

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

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

The Report of the auditors was unqualified.

Ms Cheryl Lawes (Senior Statutory Auditor)

for and on behalf of Kynance Ltd t/as England and Company

7.	Ultimate controlling party

Eidesvik UK Limited is a 100% subsidiary of Eidesvik Offshore Holdings AS, which is a subsidiary of Eidesvik Offshore ASA, which is a subsidiary of Eidesvik Invest AS. Eidesvik Invest AS is a subsidiary of the ultimate parent company Bømmelfjord AS.

Eidesvik Offshore ASA is a company incorporated in Norway. Its business address and registered office is Eidesvik AS, Vestvikvegen 1 NO-5443, Bomlo, Norway.

55% of Eidesvik Invest AS is controlled by Borgny Eidesvik, through her ownership in Bømmelfjord AS. Borgny Eidesvik is therefore deemed to be the ultimate controlling party.

Mr L T Engelsen, director of Eidesvik UK Limited, maintains influence over the daily operations of the company.