IRIS Accounts Production v26.1.0.640 SC575097 Board of Directors 1.1.25 31.12.25 31.12.25 26/3/2026 0 0 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC575097 2024-12-31 SC575097 2025-12-31 SC575097 2025-01-01 2025-12-31 SC575097 2023-12-31 SC575097 2024-01-01 2024-12-31 SC575097 2024-12-31 SC575097 ns15:Scotland 2025-01-01 2025-12-31 SC575097 ns14:PoundSterling 2025-01-01 2025-12-31 SC575097 ns10:Director1 2025-01-01 2025-12-31 SC575097 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC575097 ns10:SmallEntities 2025-01-01 2025-12-31 SC575097 ns10:Audited 2025-01-01 2025-12-31 SC575097 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC575097 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC575097 ns10:FullAccounts 2025-01-01 2025-12-31 SC575097 ns10:Director2 2025-01-01 2025-12-31 SC575097 ns10:Director3 2025-01-01 2025-12-31 SC575097 ns10:RegisteredOffice 2025-01-01 2025-12-31 SC575097 ns5:CurrentFinancialInstruments 2025-12-31 SC575097 ns5:CurrentFinancialInstruments 2024-12-31 SC575097 ns5:ShareCapital 2025-12-31 SC575097 ns5:ShareCapital 2024-12-31 SC575097 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 SC575097 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC575097 ns5:CostValuation 2024-12-31 SC575097 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 SC575097 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: SC575097 (Scotland)

| NOVOTEK HOLDINGS LIMITED |

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

NOVOTEK HOLDINGS LIMITED (REGISTERED NUMBER: SC575097)

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 |  | to |  | 4

NOVOTEK HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr G M Walker

| Mr A T Antius

| Ms A H Bramstorp

| REGISTERED OFFICE: | Stanley House

| 69/71 Hamilton Road

| Motherwell

| ML1 3DG

| BUSINESS ADDRESS: | Cartelli House

| 3 Hawthorn Park

| LEEDS

| LS14 1PQ

| REGISTERED NUMBER: | SC575097 (Scotland)

| AUDITOR: | Ellacotts Audit Services Limited

| Countrywide House

| 23 West Bar Street

| Banbury

| OX16 9SA

NOVOTEK HOLDINGS LIMITED (REGISTERED NUMBER: SC575097)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 4,305,038 |  | 4,305,038 |  |

CURRENT ASSETS

Debtors | 5 | 6,310,850 |  | 6,598,542 |  |

Cash at bank | 4,562 |  | 53,392 |  |

6,315,412 |  | 6,651,934 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,835,535 |  | 505,049 |  |

NET CURRENT ASSETS | 4,479,877 |  | 6,146,885 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,784,915 |  | 10,451,923 |  |

PROVISIONS FOR LIABILITIES | - |  | 1,600,000 |  |

NET ASSETS | 8,784,915 |  | 8,851,923 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 8,784,914 |  | 8,851,922 |  |

8,784,915 |  | 8,851,923 |  |

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 Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by:

Mr G M Walker - Director

NOVOTEK HOLDINGS LIMITED (REGISTERED NUMBER: SC575097)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Novotek Holdings Limited is a private company, limited by shares , registered in Scotland. 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Novotek Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Novotek AB, Hojdrodergatan 18, 212 39 Malmo, Sweden.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| 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.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions.

| Creditors

| Short term creditors are measured at transaction price.

3. | EMPLOYEES AND DIRECTORS

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

NOVOTEK HOLDINGS LIMITED (REGISTERED NUMBER: SC575097)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 4,305,038 |  |

| NET BOOK VALUE

| At 31 December 2025 | 4,305,038 |  |

| At 31 December 2024 | 4,305,038 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 6,305,831 |  | 6,592,922 |  |

| Other debtors | 3,309 |  | 3,309 |  |

| VAT | 1,710 |  | 2,311 |  |

6,310,850 |  | 6,598,542 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 330 |  | 309 |  |

| Amounts owed to group undertakings | 1,828,000 |  | 500,000 |  |

| Accruals and deferred income | 7,205 |  | 4,740 |  |

1,835,535 |  | 505,049 |  |

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

| The Report of the Auditor was unqualified.

| David Stevens FCA (Senior Statutory Auditor)

| for and on behalf of Ellacotts Audit Services Limited

8. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Novotek Holdings Limited have a wholly owned subsidiary called Novotek UK & Ireland Limited, who in turn own 100% of the share capital of Novotek Solutions UK & Ireland Limited.

| Novotek Holdings Limited are a wholly owned subsidiary of Novotek AB.

| The consolidated financial statements of Novotek AB are available from its head office at Hojdrodergatan 18, 212 39 Malmo, Sweden.