REGISTERED NUMBER: 13655442 (England and Wales)

Financial Statements for the Year Ended 30 April 2026

for

Lyngdorf UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Birkelund

REGISTERED OFFICE:

112c High Street

Hadleigh

Ipswich

IP7 5EL

REGISTERED NUMBER:

13655442 (England and Wales)

AUDITORS:

Krogh & Partners Limited, (Statutory Auditor)

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

FIXED ASSETS

Tangible assets

4

112,815

132,726

CURRENT ASSETS

Debtors

5

48,605

10,163

Cash at bank

17,887

53,925

66,492

64,088

CREDITORS

Amounts falling due within one year

6

389,458

327,056

NET CURRENT LIABILITIES

(322,966

)

(262,968

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(210,151

)

(130,242

)

PROVISIONS FOR LIABILITIES

-

25,218

NET LIABILITIES

(210,151

)

(155,460

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(210,152

)

(155,461

)

SHAREHOLDERS' FUNDS

(210,151

)

(155,460

)

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 14 September 2026 and were signed by:

T Birkelund - Director

1.	STATUTORY INFORMATION

Lyngdorf 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.

Going Concern

The parent company has confirmed that it will maintain financial support for a period covering at least 12 months from the date when these financial statements are authorised for issue to enable the company to continue normal trading activities. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Administrative expenses

Administrative expenses include expenses relating to the Entity's ordinary activities, including expenses for

salaries, premises, stationery and office supplies, etc. This item also includes writedowns of receivables

recognised in current assets.

Staff costs

Staff costs comprise salaries and wages, and social security contributions, pension contributions, etc. for entity staff.

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.

Financial instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Tangible fixed assets

Tangible assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

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

Fixtures & Fittings - 15% reducing balance

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.

Debtors

Debtors are valued individually and provisions are made according to this valuation.

Cash at banks

Cash at bank include deposits held at call with banks.

Creditors

Creditors are carried at payment or settlement amounts.Where the time value of money is material, creditors are carried at amortized cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2025

and 30 April 2026

205,200

DEPRECIATION

At 1 May 2025

72,474

Charge for year

19,911

At 30 April 2026

92,385

NET BOOK VALUE

At 30 April 2026

112,815

At 30 April 2025

132,726

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

(Unaudited)

£

£

Trade debtors

38,375

-

Prepayments

10,230

10,163

48,605

10,163

Deferred tax asset

Deferred tax assets are recognised to the extent it is probable that future taxable profits will be available against which it can be utilised. There are deferred tax assets of net £48,087 (2024/25 - £33,217) not recognised based on a tax rate of 19%.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

(Unaudited)

£

£

Trade creditors

20,029

26,258

Amounts owed to group undertakings

292,026

258,454

Social security and other taxes

16,483

612

VAT

53,233

38,877

Accruals and deferred income

7,687

2,855

389,458

327,056

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

1

1

1

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

The Report of the Auditors was unqualified.

Other matter

In forming our opinion on the financial statement, which is not qualified, we have considered the adequacy of the disclosure made in the Report of the Directors to the financial statements concerning the corresponding figures are unaudited. In view of the significance of this matter, we consider that it should be drawn to your attention.

John Lindegaard (Senior Statutory Auditor)

for and on behalf of Krogh & Partners Limited, (Statutory Auditor)

9.	OTHER FINANCIAL COMMITMENTS

At 30 April 2026 the company had total commitments under non-cancellable operating leases for buildings on £117,474 (2025: £139,474).

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is SL Audio A/S, a company incorporated and registered in Denmark.

Lyngdorf Familie Holding ApS (incorporated in Denmark) is the smallest group to consolidate these financial statements and copies can be obtained from:

Lyngdorf Familie Holding ApS

Hørhavevej 66A, st.

8270 Højbjerg

Denmark