Company registration number 04249527 (England and Wales)
AHLMARK SHIPPING (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
AHLMARK SHIPPING (UK) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
AHLMARK SHIPPING (UK) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
52,739
28,490
Tangible assets
5
20,764
30,848
73,503
59,338
Current assets
Debtors
6
1,131,518
1,154,820
Cash at bank and in hand
668
428
1,132,186
1,155,248
Creditors: amounts falling due within one year
7
(143,903)
(176,023)
Net current assets
988,283
979,225
Total assets less current liabilities
1,061,786
1,038,563
Provisions for liabilities
(5,164)
(7,679)
Net assets
1,056,622
1,030,884
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
1,046,622
1,020,884
Total equity
1,056,622
1,030,884

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 January 2026 and are signed on its behalf by:
D. Carmichael
Director
Company registration number 04249527 (England and Wales)
AHLMARK SHIPPING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Ahlmark Shipping (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is East End of 21 Shed, King George Dock, Hull, East Yorkshire, HU9 5PR.

1.1
Accounting convention

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
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Software
20% on cost per annum
1.4
Tangible fixed assets

Tangible fixed assets 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:

Plant and equipment
20% to 25% on cost per annum
Motor vehicles
25% on cost per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

AHLMARK SHIPPING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Recoverable amount is the higher of fair value less costs to sell and value in use.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
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. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

Financial instruments are recognised in the company's balance sheet 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.

Basic financial assets

Basic financial assets, which include debtors 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 creditors and loans from fellow group companies, 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 creditors 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 creditors are recognised at transaction price.

1.8
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.

AHLMARK SHIPPING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

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

1.12

Related party transactions

Advantage has been taken under FRS 102 section 33.1A of the exemption available to groups of companies not to disclose transactions and balances involving group entities.

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.

AHLMARK SHIPPING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Employees

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

2025
2024
Number
Number
Total
13
11
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
28,490
Additions
26,920
At 31 December 2025
55,410
Amortisation and impairment
At 1 January 2025
-
0
Amortisation charged for the year
2,671
At 31 December 2025
2,671
Carrying amount
At 31 December 2025
52,739
At 31 December 2024
28,490
AHLMARK SHIPPING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
165,293
Additions
5,253
At 31 December 2025
170,546
Depreciation and impairment
At 1 January 2025
134,445
Depreciation charged in the year
15,337
At 31 December 2025
149,782
Carrying amount
At 31 December 2025
20,764
At 31 December 2024
30,848
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
29,306
30,255
Amounts owed by group undertakings
622,255
633,124
Other debtors
479,957
491,441
1,131,518
1,154,820
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
121,349
85,257
Taxation and social security
11,045
79,655
Other creditors
11,509
11,111
143,903
176,023
AHLMARK SHIPPING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
8
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:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mark Wilson FCCA
Statutory Auditor:
Dutton Moore
Date of audit report:
30 January 2026
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
5,120,847
5,769,190
10
Parent company

The company is a wholly owned subsidiary of Ahlmark Lines A-B a company incorporated in Sweden whose registered office address is Södra Kyrkogatan 6, Karlstad, 652 24, Sweden.

The ultimate controlling party is O.F. Ahlmark & Co. Eftr A.-B. a company incorporated in Sweden whose registered office address is Södra Kyrkogatan 6, Karlstad, 652 24, Sweden.

2025-12-31 2025-01-01 false false false 30 January 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity P. S. Andersson D. Carmichael 04249527 2025-01-01 2025-12-31 04249527 2025-12-31 04249527 2024-12-31 04249527 core:IntangibleAssetsOtherThanGoodwill 2025-12-31 04249527 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 04249527 core:WithinOneYear 2025-12-31 04249527 core:WithinOneYear 2024-12-31 04249527 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 04249527 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04249527 core:ShareCapital 2025-12-31 04249527 core:ShareCapital 2024-12-31 04249527 core:RetainedEarningsAccumulatedLosses 2025-12-31 04249527 core:RetainedEarningsAccumulatedLosses 2024-12-31 04249527 bus:Director2 2025-01-01 2025-12-31 04249527 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 04249527 core:ComputerSoftware 2025-01-01 2025-12-31 04249527 core:PlantMachinery 2025-01-01 2025-12-31 04249527 core:MotorVehicles 2025-01-01 2025-12-31 04249527 2024-01-01 2024-12-31 04249527 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 04249527 core:OtherPropertyPlantEquipment 2024-12-31 04249527 core:OtherPropertyPlantEquipment 2025-12-31 04249527 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 04249527 core:OtherPropertyPlantEquipment 2024-12-31 04249527 core:CurrentFinancialInstruments 2025-12-31 04249527 core:CurrentFinancialInstruments 2024-12-31 04249527 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04249527 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04249527 bus:FRS102 2025-01-01 2025-12-31 04249527 bus:Audited 2025-01-01 2025-12-31 04249527 bus:Director1 2025-01-01 2025-12-31 04249527 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP