REGISTERED NUMBER: 13694530 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Collicare Logistics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K H Sollund

C Turkdonmez

SECRETARY:

Elemental Company Secretary Limited

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

13694530 (England and Wales)

AUDITORS:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

FIXED ASSETS

Tangible assets

4

448

-

CURRENT ASSETS

Debtors

5

12,653

17,276

Cash at bank

14,504

24,985

27,157

42,261

CREDITORS

Amounts falling due within one year

6

545,641

257,739

NET CURRENT LIABILITIES

(518,484

)

(215,478

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(518,036

)

(215,478

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(518,037

)

(215,479

)

SHAREHOLDERS' FUNDS

(518,036

)

(215,478

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

C Turkdonmez - Director

1.	STATUTORY INFORMATION

Collicare Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life-

Computer Equipment - 3 Years Straight Line

Office Equipment- 5 Years Straight Line

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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

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.

Going concern

After reviewing the company's financial situation, the directors have a reasonable expectation that the company has adequate resources, including the continuing financial support of its long term intra-group lender, to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Cash and Cash Equivalent

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised when all the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the company;

- the costs incurred or to be incurred in respect of the transition can be measured reliably: and

- the stage of completion of the contract at the end of the reporting period can be measured reliably

- Sales are recognised when goods are shipped/loaded.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Reversal of impairments

656

At 31 December 2024

656

DEPRECIATION

Charge for year

208

At 31 December 2024

208

NET BOOK VALUE

At 31 December 2024

448

The assets have been impaired to their recoverable amount as a result of their transfer to the parent company for no consideration after the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,765

7,265

Rent Deposits

-

2,387

VAT

4,627

3,009

Prepayments and accrued income

6,261

4,615

12,653

17,276

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

5,253

14,286

Amounts owed to group undertakings

530,687

237,089

Social security and other taxes

4,970

1,249

Pensions Payable

731

1,002

Directors' loan accounts

-

113

Accrued expenses

4,000

4,000

545,641

257,739

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

-

13,247

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)

for and on behalf of Harts Limited

10.	RELATED PARTY DISCLOSURES

Included in the creditors is the amount of £530,687 (2023-£237,089) owed to the parent entity, ColliCare Logistics AS.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Collicare Holding AS, a company incorporated in Norway.