Company No: 15526199 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.12.2024
		£		£
Fixed assets
Tangible assets	3	858		1,144
		858		1,144
Current assets
Debtors	4	14,767,634		14,347,157
Cash at bank and in hand		250,442		662,741
		15,018,076		15,009,898
Creditors: amounts falling due within one year	5	( 4,567)		( 419)
Net current assets		15,013,509		15,009,479
Total assets less current liabilities		15,014,367		15,010,623
Provision for liabilities		0		( 217)
Net assets		15,014,367		15,010,406
Capital and reserves
Called-up share capital	6	20,000		20,000
Share premium account		14,985,000		14,985,000
Profit and loss account		9,367		5,406
Total shareholder's funds		15,014,367		15,010,406

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of SKF Holdings UK Limited (registered number: 15526199) were approved and authorised for issue by the Board of Directors on 15 September 2026. They were signed on its behalf by:

V Olenchenko Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

SKF Holdings UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 73 Cornhill , London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The current reporting period reflects a full financial year, whereas the prior period represented a shorter initial reporting period following the company’s incorporation.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a 25% reducing balance basis over its expected useful life, as follows:

Computer equipment

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

	Year ended 31.12.2025		Period from 27.02.2024 to 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 January 2025	1,373		1,373
At 31 December 2025	1,373		1,373
Accumulated depreciation
At 01 January 2025	229		229
Charge for the financial year	286		286
At 31 December 2025	515		515
Net book value
At 31 December 2025	858		858
At 31 December 2024	1,144		1,144

4. Debtors

	31.12.2025		31.12.2024
	£		£
Amounts owed by Group undertakings	14,767,634		14,347,157

5. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Accruals	3,600		0
Corporation tax	804		419
Deferred tax liability	163		0
	4,567		419

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
20,000 Ordinary shares of £ 1.00 each	20,000		20,000

Following the year-end date, on 4 March 2026, a further 5,000 ordinary shares were issued at par.

7. Related party transactions

Other related party transactions

The Company has taken advantage of the the exemption provided from disclosing transactions with its parent on the grounds that it is a wholly owned subsidiary.

At the year end the company was owed £14,196,669 by an entity under common control (2024: £11,785,990). This loan is interest free and repayable on demand.

At the year end the company was owed £11,723 by another entity under common control (2024: £nil). This loan is interest free and repayable on demand.

8. Ultimate controlling party

Parent Company:

SKF Investments Limited

Transafrica House, Fourth Floor, 26 Nikis Avenue, 1086 Nicosia, Cyprus