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COMPANY REGISTRATION NUMBER: 03252068

Ultra Dynamic Holdings Limited

Filleted Financial Statements

31 December 2024

Ultra Dynamic Holdings Limited

Financial Statements

Year ended 31 December 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 2

Ultra Dynamic Holdings Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Investments | 4 | 426,000 | 426,000

Current assets

Debtors | 5 | 1,562,000 | 1,562,000
| ------------ | ------------
Net current assets | 1,562,000 | 1,562,000
| ------------ | ------------
Total assets less current liabilities | 1,988,000 | 1,988,000
| ------------ | ------------

Capital and reserves

Called up share capital | 1,746,686 | 1,746,686
Share premium account | 56,000 | 56,000
Profit and loss account | 185,314 | 185,314
| ------------ | ------------
Shareholders funds | 1,988,000 | 1,988,000
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr J Tegstrom |
Director |

Company registration number: 03252068

Ultra Dynamic Holdings Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Herrick Way, Staverton Technology Park, Staverton, Cheltenham, GL51 6TQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments

| Shares in group undertakings
| £
Cost |
At 1 January 2024 and 31 December 2024 | 426,000
| ---------
Impairment |
At 1 January 2024 and 31 December 2024 | –
| ---------

Carrying amount |
At 31 December 2024 | 426,000
| ---------
At 31 December 2023 | 426,000
| ---------

The company owns the entire issued share capital of Marine Jet Power Limited, a company registered in England and Wales, which services marine hydrojets.
5. Debtors

| 2024 | 2023
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 1,562,000 | 1,562,000
| ------------ | ------------

6. Summary audit opinion
The auditor's report dated 12 September 2025 was unqualified .
The senior statutory auditor was James Harper , for and on behalf of Harper Sheldon Limited .
7. Controlling party
The directors consider that the immediate parent undertaking of the company is Marine Jet Power Holding AB, by virtue of it holding 100% of the issued share capital. The company's ultimate parent undertaking is Marine Jet Power Holding AB, a company registered in Sweden, which is also the ultimate controlling party of the company. Marine Jet Power Holding AB is the parent of the smallest and largest group for which consolidated financial statements are prepared.