0 0 Beerenberg UK Ltd SC647655 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is that of the provision of innovative business unit service solutions. Digita Accounts Production Advanced 6.30.9574.0 true true SC647655 2025-01-01 2025-12-31 SC647655 2025-12-31 SC647655 bus:OrdinaryShareClass1 2025-12-31 SC647655 core:CurrentFinancialInstruments 2025-12-31 SC647655 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 SC647655 bus:SmallEntities 2025-01-01 2025-12-31 SC647655 bus:Audited 2025-01-01 2025-12-31 SC647655 bus:FilletedAccounts 2025-01-01 2025-12-31 SC647655 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC647655 bus:RegisteredOffice 2025-01-01 2025-12-31 SC647655 bus:CompanySecretary1 2025-01-01 2025-12-31 SC647655 bus:Director2 2025-01-01 2025-12-31 SC647655 bus:Director3 2025-01-01 2025-12-31 SC647655 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 SC647655 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC647655 bus:Agent1 2025-01-01 2025-12-31 SC647655 countries:AllCountries 2025-01-01 2025-12-31 SC647655 2024-01-01 2024-12-31 SC647655 2024-12-31 SC647655 bus:OrdinaryShareClass1 2024-12-31 SC647655 core:CurrentFinancialInstruments 2024-12-31 SC647655 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: SC647655

Beerenberg UK Ltd
Filleted Financial Statements
for the Year Ended 31 December 2025

Beerenberg UK Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

Beerenberg UK Ltd

Company Information

Directors | A Apelthun G P Hatleskog

Company secretary | Goodwille Limited

Registered office | 23 Rubislaw Den North Aberdeen United Kingdom AB15 4AL

Auditors | Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE

Beerenberg UK Ltd

(Registration number: SC647655)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 6 | 5,402,201 | 1,067,031
Cash at bank and in hand |  | 1,108,948 | 876,892
|  | 6,511,149 | 1,943,923
Creditors: Amounts falling due within one year | 7 | (4,819,971) | (1,068,661)
Total assets less current liabilities |  | 1,691,178 | 875,262
Provisions for liabilities |  | - | (7,140)
Net assets |  | 1,691,178 | 868,122
Capital and reserves |  |  |
Called up share capital | 8 | 10,000 | 10,000
Retained earnings |  | 1,681,178 | 858,122
Shareholders' funds |  | 1,691,178 | 868,122

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 May 2026 and signed on its behalf by:

......................................... A Apelthun Director

Beerenberg UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
23 Rubislaw Den North
Aberdeen
AB15 4AL
United Kingdom

Principal activity

The principal activity of the Company is that of the provision of innovative business unit service solutions.

These financial statements were authorised for issue by the Board on 7 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These financial statements have been prepared on the going concern basis, which assumes that the company will be able to meet its financial obligations as they fall due for payment for the foreseeable future. The company is reliant upon the continued support of its parent undertaking Beerenberg AS, to be able to do this. Beerenberg AS has indicated to the directors, that support will be provided as it is required.

Turnover recognition

Company revenue is based on projects for varying sized companies and of varied lengths. Revenue is recognised only when project work is completed to ensure the company does not recognise revenue early.

Foreign currency transactions and balances

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the income statement for the period.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Beerenberg UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Financial instruments

Classification
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 to/from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment,
Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Beerenberg UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4 | Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 7 May 2026 was David Wheeler, who signed for and on behalf of Bourner Bullock.

Beerenberg UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

5 | Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 0 (2024 - 0).

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 4,205,148 | 454,252
Prepayments | - | 20,727
Other debtors | 1,197,053 | 592,052
| 5,402,201 | 1,067,031

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 833 | 44
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest |  | 4,522,700 | 865,250
Taxation and social security |  | 254,819 | 194,633
Accruals and deferred income |  | 41,619 | 8,734
|  | 4,819,971 | 1,068,661

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 10,000 | 10,000 | 10,000 | 10,000

Beerenberg UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £Nil (2024 - £70.00) per ordinary share |  | - |  | 700,000

10 | Parent and ultimate parent undertaking

The parent of the smallest group in which these financial statements are consolidated is Beerenberg AS. The registered address of Beerenberg AS is Kokstaddalen 33, P.O Box 273 Slatthaug, N-5851 Bergen, Norway.