A.S.K. Leumi Finco Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

A.S.K. Leumi Finco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 16265895 . The registered office is 35 Harley Street, London, W1G 9QU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentational and the functional currency of these financial statements is the Pound Sterling (£).

Amounts in these financial statements are rounded to the nearest £.

2.2. Going Concern Disclosure

The directors have reviewed the company's financial position and cash flow forecasts for the foreseeable future. Based on this review, the directors are satisfied that the company has adequate resources to continue operating for the foreseeable future (being at least 12 months from the date of approval of these financial statements). Therefore, they continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover comprises loan interest income and lending-related fees.

Loan Interest Income is recognised on an accrual basis over the period in which the interest accrues, reflecting the time value of money.

Lending Fees are recognised when received or capitalised, specifically when economic benefits flow to the entity, and the revenue amount can be reliably measured. This typically occurs when services are performed, and the company has an enforceable right to consideration.

2.4. Financial Instruments

Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds basic financial instruments which comprise trade and other payables. The Company has chosen to apply the provisions of Section 11 Basic Financial Instruments in full.

2.5. Financial Liabilities - classified as basic financial instruments

Trade and other payables and loans and borrowings

Other payables are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount of the cash expected to be paid.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

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A.S.K. Leumi Finco Limited

Notes to the Financial Statements (continued)

For the Period 20 February 2025 to 31 December 2025

4. Debtors

	31 December 2025
	£
Due within one year
Amounts owed by group undertakings	1
Other debtors	186,115

	186,116
Due after more than one year
Other debtors	10,000,000

	10,186,116

5. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
Other loans	186,115
Other creditors	9,812

	195,927

6. Creditors: Amounts Falling Due After More Than One Year

	31 December 2025
	£
Other loans	10,000,000

7. Loans

An analysis of the maturity of loans is given below:

	31 December 2025
	£
Amounts falling due within one year or on demand:
Other loans	186,115

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A.S.K. Leumi Finco Limited

Notes to the Financial Statements (continued)

For the Period 20 February 2025 to 31 December 2025

	31 December 2025
	£
Amounts falling due between one and five years:
Other loans	10,000,000

8. Share Capital

	31 December 2025
Allotted, called up and fully paid	£
1 Ordinary Shares of £ 1.00 each	1

9. Post Balance Sheet Events

There were no subsequent events after the balance sheet date that we aware of that would impact the financial statements as reported above.

10. Related Party Disclosures

The company is a wholly owned subsidiary and has used the exemption under FRS 102.33.1A from disclosing transactions with other group companies.

Its results are included in the consolidated accounts of Oaknorth Bank Plc, registered at 3/F, 57 Broadwick Street, London, W1F 9QS.

Transactions with directors or key management are disclosed where required.

11. Controlling Parties

The immediate parent company is A.S.K. Partners Limited, registered at 35 Harley Street, London, W1G 9QU.

The ultimate controlling party is OakNorth Holdings Limited, registered at Ordance House, 31 Pier Road, St Helier, Jersey, JE4 8PW.

Ther largest group in which the results of tje company are consolidated is that prepared by Oaknorth Bank Plc, registered at 3/F, 57 Broadwick Street, London, W1F 9QS.

12. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. Charges

A fixed and floating charge over the Company’s assets, dated 24 Marchl 2025, has been granted in respect of the balance owed to OakNorth Bank plc.

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A.S.K. Leumi Finco Limited

Notes to the Financial Statements (continued)

For the Period 20 February 2025 to 31 December 2025

14. Audit Information

The auditor's report on the accounts of A.S.K. Leumi Finco Limited for the period ended 31 December 2025 was unqualified.

The auditor's report was signed by Chris Evans BSc FCA (Senior Statutory Auditor) for and on behalf of Cooper Parry Group Limited , Statutory Auditor.

Cooper Parry Group Limited

Statutory Auditors

5 Appold Street

Broadgate

London

EC2A 2DA

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		31 December 2025
	Notes	£	£
CURRENT ASSETS
Debtors	4	10,186,116

		10,186,116
Creditors: Amounts Falling Due Within One Year	5	(195,927 )

NET CURRENT ASSETS (LIABILITIES)			9,990,189

TOTAL ASSETS LESS CURRENT LIABILITIES			9,990,189

Creditors: Amounts Falling Due After More Than One Year	6		(10,000,000 )

NET LIABILITIES			(9,811 )

CAPITAL AND RESERVES
Called up share capital	8		1
Profit and Loss Account			(9,812 )

SHAREHOLDERS' FUNDS			(9,811)