REGISTERED NUMBER: 12941650 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Iteg UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C S S Olsen

REGISTERED OFFICE:

Office 811

The Lloyds Building

One Lime Street

London

EC3M 7HA

REGISTERED NUMBER:

12941650 (England and Wales)

AUDITORS:

Anstey Bond LLP

Statutory Auditors &

Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

CURRENT ASSETS

Debtors

5

69,396

39,167

Cash at bank

6

2,840

5,903

72,236

45,070

CREDITORS

Amounts falling due within one year

7

(20,906

)

(31,870

)

NET CURRENT ASSETS

51,330

13,200

TOTAL ASSETS LESS CURRENT LIABILITIES

51,330

13,200

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

15,900

15,900

Other reserves

102,000

-

Retained earnings

(66,670

)

(2,800

)

SHAREHOLDERS' FUNDS

51,330

13,200

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2026 and were signed by:

C S S Olsen - Director

1.	STATUTORY INFORMATION

Iteg UK 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.

The financial statements have been prepared under the historical cost convention in pounds sterling, and rounded to the nearest £.

Revenue Recognition

Credit is taken at the point which commissions are recognised when revenue is confirmed as earned. Fees charged for services are recognised when earned.

Going Concern

The financial statements have been prepared on a Going Concern basis. The Limited company has significant amounts of liquid assets including cash at bank to continue trading for the next 12 months, alongside continual trading with third party entities.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors

Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses.

Trade and other creditors

Trade and other creditors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise of cash within the bank.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

6,600

6,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

42,781

25,140

Amounts owed by group undertakings

10,290

-

Other debtors

16,325

14,027

69,396

39,167

6.	CASH AT BANK

2025

2024

£

£

Bank account

2,403

5,903

Bank account no. 2

437

-

2,840

5,903

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,799

3,119

Amounts owed to group undertakings

-

9,347

Taxation and social security

-

8,581

Other creditors

7,107

10,823

20,906

31,870

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

The Report of the Auditors was unqualified.

Colin Ellis FCCA CF (Senior Statutory Auditor)

for and on behalf of Anstey Bond LLP

9.	RELATED PARTY DISCLOSURES

Included with other debtors is a balance of £10,290 (2024: £9,347 creditor) due from ITEG A/S, the parent undertaking, in relation to an intercompany loan and dividend distributions issued during the year.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.

11.	SUBORDINATED LOAN

The company received a subordinated loan from JE Holding AG, a related party, for the amount of £102,000. This has been classified as equity in accordance with FRS 102 section 22 'Liabilities and Equity'. The loan has no fixed repayment date and is repayable only at the option of the company. The loan is subordinated to all other creditors of the company and ranks behind all other liabilities in the event of liquidation or administration.