COMPUTE NORDIC LIMITED

Company Registration Number:
12092432 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

COMPUTE NORDIC LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

COMPUTE NORDIC LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 9,500 12,000
Investments: 4 650,000 1,419,800
Total fixed assets: 659,500 1,431,800
Current assets
Stocks: 0 0
Debtors: 5 540,000 289,020
Cash at bank and in hand: 54,000 0
Investments: 6 22,370,068 19,905,774
Total current assets: 22,964,068 20,194,794
Creditors: amounts falling due within one year: 7 (78,000) (142,000)
Net current assets (liabilities): 22,886,068 20,052,794
Total assets less current liabilities: 23,545,568 21,484,594
Creditors: amounts falling due after more than one year:   (1,048,000) (1,120,000)
Total net assets (liabilities): 22,497,568 20,364,594
Capital and reserves
Called up share capital: 100 100
Share premium account: 210,000 210,000
Revaluation reserve:822,289,24820,190,724
Profit and loss account: (1,780) (36,230)
Shareholders funds: 22,497,568 20,364,594

The notes form part of these financial statements

COMPUTE NORDIC LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 December 2025
and signed on behalf of the board by:

Name: Harald Riise
Status: Director

The notes form part of these financial statements

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recorded when it is delivered to the client.

Tangible fixed assets and depreciation policy

IT assets are depreciated over 5 years.

Other accounting policies

Real Estate has been valued on a highest and best use under Statement No. 157.

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 12,000
At 31 December 2024 12,000
Depreciation
At 01 January 2024 0
Charge for year 2,500
At 31 December 2024 2,500
Net book value
At 31 December 2024 9,500
At 31 December 2023 12,000

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

IT Assets are depreciated over 5 years

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 78,000 142,000

This relates to payback of previous Downpayments from clients

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Current investments

Company holds attractive land and power agreements in Norway and Finland.

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due within one year note

This is payback of previosuly made downpayments from clients

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Revaluation reserve

2024
£
Balance at 01 January 2024 20,190,724
Surplus or deficit after revaluation 2,098,524
Balance at 31 December 2024 22,289,248

Added additional land and power for construction of datacentre in Finland.

COMPUTE NORDIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

9. Related party transactions

Name of the related party: CR Venture Capital Limited
Relationship:
Shareholder
Description of the Transaction: Loan due to liquidity
£
Balance at 01 January 2024 0
Balance at 31 December 2024 0