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REGISTERED NUMBER: 10173071 (England and Wales)












Audited Financial Statements

for the Year Ended 30 June 2024

for

Satcom Global Aura Holdings Limited

Satcom Global Aura Holdings Limited (Registered number: 10173071)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Satcom Global Aura Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr I A Robinson
Mr R A Howes
Mr M J Butler





SECRETARY: Mr R A Howes





REGISTERED OFFICE: And Group Ltd
Tanners Bank
North Shields
Tyne and Wear
NE30 1JH





REGISTERED NUMBER: 10173071 (England and Wales)





AUDITORS: CLA Evelyn Partners Limited
17 Queens Lane
Newcastle
NE1 1RN

Satcom Global Aura Holdings Limited (Registered number: 10173071)

Balance Sheet
30 June 2024

2024 2023
Notes $    $   
CURRENT ASSETS
Debtors 5 11 11
TOTAL ASSETS LESS CURRENT
LIABILITIES

11

11

CAPITAL AND RESERVES
Called up share capital 11 11
11 11

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





Mr R A Howes - Director


Satcom Global Aura Holdings Limited (Registered number: 10173071)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Satcom Global Aura Holdings 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.

The presentation currency of the financial statements is the US Dollar ($).


Monetary amounts in these financial statements are rounded to the nearest $.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

During the current and previous accounting periods the company is a non trading holding company.

Preparation of consolidated financial statements
The financial statements of the company are consolidated in the financial statements of Broadband Satellite Services Limited. These consolidated financial statements are available from its registered office,

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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Other debtors 11 11

Satcom Global Aura Holdings Limited (Registered number: 10173071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

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

The Report of the Auditors was unqualified.

Craig Henderson (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

7. ULTIMATE CONTROLLING PARTY

Broadband Satellite Services Limited is regarded by the directors as being the company's ultimate parent company.

A copy of the consolidated financial statements can be obtained via the Companies House website.

The ultimate controlling party is Mr R Howes and Mr I Robinson through their shareholding in Broadband Satellite Services Limited.