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MONO GROUP PENSION TRUSTEES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Mono Group Pension Trustess Limited is a limited liability company incorporated in Scotland. The registered office is c/o National Oilwell Varco, Badentoy Crescent, Badentoy Industrial Park, Portlethen, Aberdeen, AB12 4YD.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The accounts have been prepared in accordance with the provisions of the small companies regime provided by section 415A of the Companies Act 2006.
In accordance with paragraph 35.10 (m) of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland the Company has elected to retain its accounting policies for reported assets, liabilities and equity at the date of transition to FRS 102 until there is any change to those balances or the company undertakes any new transactions.
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Cash and cash equivalents
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Allotted, called up and fully paid
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100 Ordinary shares of £1 each
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The Company’s immediate parent undertaking is National Oilwell Varco UK Limited, a company incorporated in England and Wales.
The Company’s ultimate parent undertaking is NOV Inc., a company incorporated in the United States of America. The consolidated accounts of NOV Inc. are those of the smallest and largest group of which the Company is a member and for which group accounts are prepared. Copies of the financial statements are available from its principal office at 10353 Richmond Avenue, Houston, Texas 77042, USA.
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