Nortech Management Holding Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09830024 (England and Wales)

Audited Financial Statements for the Year Ended 31st December 2025

for

Nortech Management Holding Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O Andersson

J W Brown

P J Lewington

REGISTERED OFFICE:

105 High Street

Worcester

Worcestershire

WR1 2HW

REGISTERED NUMBER:

09830024 (England and Wales)

AUDITORS:

Richards Sandy Audit Services Limited

(Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

WR1 1RU

FIXED ASSETS

Investments

4

5,155,005

3,828,000

CURRENT ASSETS

Debtors

5

3,036,725

-

Cash at bank

20,124

64,757

3,056,849

64,757

CREDITORS

Amounts falling due within one year

6

42,773

50,000

NET CURRENT ASSETS

3,014,076

14,757

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,169,081

3,842,757

CAPITAL AND RESERVES

Called up share capital

1,001

Share premium

3,348,895

Capital redemption reserve

450,000

Retained earnings

4,369,185

42,861

8,169,081

3,842,757

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th August 2026 and were signed on its behalf by:

P J Lewington - Director

1.	STATUTORY INFORMATION

Nortech Management Holding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Nortech Management Holding Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

INVESTMENTS IN SUBSIDIARIES

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally 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.

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1st January 2025

and 31st December 2025

5,155,005

PROVISIONS

At 1st January 2025

1,327,005

Reversal of impairments

(1,327,005

)

At 31st December 2025

-

NET BOOK VALUE

At 31st December 2025

5,155,005

At 31st December 2024

3,828,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

3,036,725

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to group undertakings

-

50,000

Corporation tax

42,773

-

42,773

50,000

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

The Report of the Auditors was unqualified.

The financial statements of the company for the year ended 31 December 2024 were audited by another auditor who expressed an unmodified opinion on those statements.

Aimee Stinton (Senior Statutory Auditor)

for and on behalf of Richards Sandy Audit Services Limited

8.	ULTIMATE PARENT COMPANY

The ultimate parent company is Vestum AB (publ), who is registered in Kungsgatan 26, 111 35, Stockholm, Sweden.