IRIS Accounts Production v26.1.0.640 SC201669 director 1.1.25 31.12.25 31.12.25 23.3.26 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC201669 2024-12-31 SC201669 2025-12-31 SC201669 2025-01-01 2025-12-31 SC201669 2023-12-31 SC201669 2024-01-01 2024-12-31 SC201669 2024-12-31 SC201669 ns15:Scotland 2025-01-01 2025-12-31 SC201669 ns14:PoundSterling 2025-01-01 2025-12-31 SC201669 ns10:Director1 2025-01-01 2025-12-31 SC201669 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC201669 ns10:SmallEntities 2025-01-01 2025-12-31 SC201669 ns10:Audited 2025-01-01 2025-12-31 SC201669 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC201669 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC201669 ns10:FullAccounts 2025-01-01 2025-12-31 SC201669 ns10:RegisteredOffice 2025-01-01 2025-12-31 SC201669 ns5:CurrentFinancialInstruments 2025-12-31 SC201669 ns5:CurrentFinancialInstruments 2024-12-31 SC201669 ns5:ShareCapital 2025-12-31 SC201669 ns5:ShareCapital 2024-12-31 SC201669 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 SC201669 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC201669 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 SC201669 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: SC201669 (Scotland)

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Skandiaverken Ltd. |

Skandiaverken Ltd. (Registered number: SC201669)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Skandiaverken Ltd.

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | Carlos Lopez Salaverri

| REGISTERED OFFICE: | Ladyburn Business Centre Room 19/20

| 20 Pottery Street

| Greenock

| Renfrewshire

| PA15 2UH

| REGISTERED NUMBER: | SC201669 (Scotland)

| AUDITORS: | O'Haras Accountants Limited (Statutory Auditor)

| Radleigh House

| 1 Golf Road

| Clarkston

| Glasgow

| G76 7HU

Skandiaverken Ltd. (Registered number: SC201669)

Balance Sheet

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 3 | 218,537 |  | 324,557 |  |

Cash at bank and in hand | 236,235 |  | 225,060 |  |

454,772 |  | 549,617 |  |

CREDITORS

Amounts falling due within one year | 4 | 44,224 |  | 22,313 |  |

NET CURRENT ASSETS | 410,548 |  | 527,304 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 410,548 |  | 527,304 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | 310,548 |  | 427,304 |  |

SHAREHOLDERS' FUNDS | 410,548 |  | 527,304 |  |

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 director and authorised for issue on 23 March 2026 and were signed by:

Carlos Lopez Salaverri - Director

Skandiaverken Ltd. (Registered number: SC201669)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | 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.

| Going concern

| The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

| Revenue

| Turnover comprises the invoiced value of the sales service provided and commission received on behalf of fellow group companies, net of value added tax. Invoices are raised when the service is provided.

| 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.

| Deferred tax

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Skandiaverken Ltd. (Registered number: SC201669)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

1. | ACCOUNTING POLICIES - continued

| 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.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 216,937 |  | 323,541 |  |

| Other debtors | 1,600 |  | 1,016 |  |

218,537 |  | 324,557 |  |

4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 909 |  | 461 |  |

| Taxation and social security | 6,899 |  | 6,422 |  |

| Other creditors | 36,416 |  | 15,430 |  |

44,224 |  | 22,313 |  |

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

| The Report of the Auditors was unqualified.

| John O'Hara CA (Senior Statutory Auditor)

| for and on behalf of O'Haras Accountants Limited (Statutory Auditor)

6. | ULTIMATE CONTROLLING PARTY

| The ultimate parent undertaking of the largest group for which consolidated financial statements are prepared is Marine Holdings S.P.A., a company incorporated in Italy. Consolidated financial statements are available from Marine Holdings S.P.A., via Brera 21, 20121, Milano, Italy.