Company registration number 11917032 (England and Wales)
FLEXQUBE LIMITED
Financial statements
For the year ended 31 December 2025
Pages for filing with registrar
FLEXQUBE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
FLEXQUBE LIMITED
STATEMENT OF FINANCIAL POSITION
As at 31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Trade and other receivables
5
293,793
287,571
Cash and cash equivalents
5,122
12,410
298,915
299,981
Current liabilities
6
(18,837)
(15,966)
Net current assets
280,078
284,015
Equity
Called up share capital
7
1,000
1,000
Other reserves
8
603,221
603,221
Retained earnings
(324,143)
(320,206)
Total equity
280,078
284,015

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 August 2026 and are signed on its behalf by:
Mr A J A Fogelberg
Director
Company registration number 11917032 (England and Wales)
FLEXQUBE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2025
- 2 -
1
Accounting policies
Company information

FlexQube Limited is a private company limited by shares incorporated in England and Wales. The registered office is Connect House, 133-137 Alexandra Road, London, SW19 7JY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The company only source of revenue is a profit sharing arrangement with a related group company.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
Straight line over 5 years
Motor vehicles
Straight line over 5 years
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.6
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 in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when 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.

FLEXQUBE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 3 -
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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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 business from suppliers. A m ounts 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 price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Foreign exchange

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 in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

FLEXQUBE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 December 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
4
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 January 2025 and 31 December 2025
30,539
Depreciation and impairment
At 1 January 2025 and 31 December 2025
30,539
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
5
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
-
0
762
Amounts owed by group undertakings
293,178
281,451
Other receivables
615
5,358
293,793
287,571
6
Current liabilities
2025
2024
£
£
Trade payables
1,088
876
Taxation and social security
1,769
-
0
Other payables
15,980
15,090
18,837
15,966
FLEXQUBE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 December 2025
- 5 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
8
Other reserves

Other reserve of £603,22 1 (2024: £603,221) is the capital contribution received from the parent company, FlexQube AB (publ), and was intended to be used to meet the operating expenses of the company. The reserve includes no contractual or any other obligation on the company to deliver any financial assets or liabilities to the parent company. The reserve is unsecured and is not subject to any interest, commission, coupon or other financial settlement.

9
Parent Company

At 31 December 2025 the immediate parent company and ultimate controlling party is FlexQube AB (publ), a company incorporated in Sweden with its registered office at Neongatan 8, SE-431 53 Molndal, Sweden.

The results of the company are consolidated into the financial statements of FlexQube AB (publ), the ultimate controlling party, a company incorporated in Neongatan 8, SE-431 53 Molndal, Sweden.

10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Senior Statutory Auditor:
Amit Sharma
Statutory Auditor:
Goodman Jones LLP
Date of audit report:
14 August 2026
11
Related party transactions

The company has taken advantage of not disclosing transactions between wholly owned group companies, in accordance with the financial Reporting Standard.

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