Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312025-05-292025-05-29true2023-06-01falseNo description of principal activity5042truetrue 06896077 2023-06-01 2024-05-31 06896077 2022-06-01 2023-05-31 06896077 2024-05-31 06896077 2023-05-31 06896077 c:Director5 2023-06-01 2024-05-31 06896077 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 06896077 d:Buildings d:LongLeaseholdAssets 2024-05-31 06896077 d:Buildings d:LongLeaseholdAssets 2023-05-31 06896077 d:PlantMachinery 2023-06-01 2024-05-31 06896077 d:PlantMachinery 2024-05-31 06896077 d:PlantMachinery 2023-05-31 06896077 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06896077 d:MotorVehicles 2023-06-01 2024-05-31 06896077 d:MotorVehicles 2024-05-31 06896077 d:MotorVehicles 2023-05-31 06896077 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06896077 d:FurnitureFittings 2023-06-01 2024-05-31 06896077 d:FurnitureFittings 2024-05-31 06896077 d:FurnitureFittings 2023-05-31 06896077 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06896077 d:ComputerEquipment 2023-06-01 2024-05-31 06896077 d:ComputerEquipment 2024-05-31 06896077 d:ComputerEquipment 2023-05-31 06896077 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06896077 d:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 06896077 d:OtherPropertyPlantEquipment 2024-05-31 06896077 d:OtherPropertyPlantEquipment 2023-05-31 06896077 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06896077 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06896077 d:ComputerSoftware 2024-05-31 06896077 d:ComputerSoftware 2023-05-31 06896077 d:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 06896077 d:CurrentFinancialInstruments 2024-05-31 06896077 d:CurrentFinancialInstruments 2023-05-31 06896077 d:Non-currentFinancialInstruments 2024-05-31 06896077 d:Non-currentFinancialInstruments 2023-05-31 06896077 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06896077 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06896077 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 06896077 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06896077 d:ShareCapital 2024-05-31 06896077 d:ShareCapital 2023-05-31 06896077 d:SharePremium 2023-06-01 2024-05-31 06896077 d:SharePremium 2024-05-31 06896077 d:SharePremium 2023-05-31 06896077 d:OtherMiscellaneousReserve 2023-06-01 2024-05-31 06896077 d:OtherMiscellaneousReserve 2024-05-31 06896077 d:OtherMiscellaneousReserve 2023-05-31 06896077 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 06896077 d:RetainedEarningsAccumulatedLosses 2024-05-31 06896077 d:RetainedEarningsAccumulatedLosses 2023-05-31 06896077 c:FRS102 2023-06-01 2024-05-31 06896077 c:Audited 2023-06-01 2024-05-31 06896077 c:FullAccounts 2023-06-01 2024-05-31 06896077 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06896077 c:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06896077 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-06-01 2024-05-31 06896077 d:ComputerSoftware d:OwnedIntangibleAssets 2023-06-01 2024-05-31 06896077 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06896077
















GOONHILLY EARTH STATION LIMITED




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024


































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GOONHILLY EARTH STATION LIMITED
REGISTERED NUMBER:06896077

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
18,670
9,764

Tangible assets
 6 
7,119,320
8,014,921

  
7,137,990
8,024,685

Current assets
  

Debtors: amounts falling due within one year
 7 
2,151,405
1,085,346

Cash at bank and in hand
 8 
193,311
1,313,581

  
2,344,716
2,398,927

Creditors: amounts falling due within one year
 9 
(1,024,131)
(1,365,731)

Net current assets
  
 
 
1,320,585
 
 
1,033,196

Total assets less current liabilities
  
8,458,575
9,057,881

Creditors: amounts falling due after more than one year
 10 
(7,442,390)
(7,627,510)

  

Net assets
  
1,016,185
1,430,371


Capital and reserves
  

Called up share capital 
  
34,262
34,262

Share premium account
 11 
3,216,797
3,216,797

Other reserves
 11 
998,228
940,790

Profit and loss account
 11 
(3,233,102)
(2,761,478)

  
1,016,185
1,430,371


Page 1


GOONHILLY EARTH STATION LIMITED
REGISTERED NUMBER:06896077
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Mr R Bijtjes
Director

Date: 29 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2


GOONHILLY EARTH STATION LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

Goonhilly Earth Station Limited (registered number 06896077) is a private company, limited by shares and incorporated in England and Wales. The address of the registered office is Goonhilly Satellite Earth Station, Goonhilly Downs, Helston, Cornwall, TR12 6LQ.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

During the year the company generated a loss before tax of £617,115 and at the year end the company had net current assets of £1,320,585. EBITDA for the current year indicates an underlying profitable trading performance of £558,732. In order to prepare the financial statements on the going concern basis the Directors have considered the expected future performance of the company for a period of at least 12 months from the date of signing of these financial statements and the continued support available from its parent company.

 
2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 3


GOONHILLY EARTH STATION LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (continued)

 
2.5

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Computer software
-
20%
straight line

 
2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


GOONHILLY EARTH STATION LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (continued)


2.8
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10-20%
Plant and machinery
-
10-25%
Motor vehicles
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
33.33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Assets under the course of construction are not depreciated.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised
Page 5


GOONHILLY EARTH STATION LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (continued)


2.12
FINANCIAL INSTRUMENTS (CONTINUED)

cost.

 
2.13

OPERATING LEASES: THE COMPANY AS LESSEE

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

  
2.14

SHARE CAPITAL

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 
2.15

PENSIONS

Defined contribution plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

  
2.16

EMPLOYEE BENEFITS

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Page 6


GOONHILLY EARTH STATION LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.



JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the Statement of Financial Position date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The directors believe that the key judgements and estimates during the year are as follows:
Effective interest on loans - The directors have estimated an effective interest rate to be applied to discount interest free intercompany loans due for repayment in more than one year. This estimate was made at initial recognition and is not reassessed.
Grant income recognition - The company receives a grant which is accounted for under the performance method. A key estimate is the level of performance conditions that have been met, and hence the value of the grant to be recognised.


4.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 50 (2023: 42).


5.


INTANGIBLE ASSETS




Computer software

£



COST


At 1 June 2023
25,473


Additions
14,000



At 31 May 2024

39,473



AMORTISATION


At 1 June 2023
15,709


Charge for the year on owned assets
5,094



At 31 May 2024

20,803



NET BOOK VALUE



At 31 May 2024
18,670



At 31 May 2023
9,764



Page 7

GOONHILLY EARTH STATION LIMITED



 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
 
  



6.


TANGIBLE FIXED ASSETS






Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Assets under the course of construction
Total

£
£
£
£
£
£
£



COST


At 1 June 2023
2,640,333
10,133,195
16,300
177,567
209,058
49,023
13,225,476


Additions
68,521
56,710
-
44,842
14,601
69,725
254,399


Disposals
-
-
-
-
-
(1,361)
(1,361)


Transfers between classes
-
98,232
-
-
-
(98,232)
-



At 31 May 2024

2,708,854
10,288,137
16,300
222,409
223,659
19,155
13,478,514



DEPRECIATION


At 1 June 2023
781,898
4,117,726
15,887
110,549
184,495
-
5,210,555


Charge for the year on owned assets
131,716
966,082
413
33,336
17,092
-
1,148,639



At 31 May 2024

913,614
5,083,808
16,300
143,885
201,587
-
6,359,194



NET BOOK VALUE



At 31 May 2024
1,795,240
5,204,329
-
78,524
22,072
19,155
7,119,320



At 31 May 2023
1,858,435
6,015,469
413
67,018
24,563
49,023
8,014,921

Page 8

GOONHILLY EARTH STATION LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


DEBTORS

2024
2023
£
£


Trade debtors
435,059
377,300

Amounts owed by group undertakings
1,089,721
375,403

Other debtors
8,433
8,430

Prepayments and accrued income
567,330
324,213

Tax recoverable
50,862
-

2,151,405
1,085,346


Amounts owed by group undertakings are non-interest bearing loans, repayable on demand.


8.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
193,311
1,313,581

193,311
1,313,581



9.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
115,281
349,270

Other taxation and social security
106,496
84,465

Other creditors
15,537
18,407

Accruals and deferred income
786,817
913,589

1,024,131
1,365,731


Obligations under finance lease and hire purchase contracts are secured over the related assets of the company.

Page 9


GOONHILLY EARTH STATION LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Amounts owed to group undertakings
7,442,390
7,627,510

7,442,390
7,627,510


Amounts owed to Group undertakings are non-interest bearing loans, repayable within 370 days of demand.


11.


RESERVES

Share premium account

This reserve records the amount by which the amount received by the company for shares issued exceeds its face value.

Other reserves

This reserve represents capital contributions from the parent company's provision of interest free loans.

Profit and loss account

This reserve records retained earnings and accumulated losses.


12.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £40,969 (2023: £37,442). Contributions totalling £12,127 (2023: £12,193) were payable to the fund at the reporting date and are included in creditors.


13.


RELATED PARTY TRANSACTIONS

As a wholly owned subsidiary undertaking of Goonhilly Holdings Limited, the company has taken advantage of the exemption in section 33.1a of FRS 102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the group.


14.


CONTROLLING PARTY

The parent of the smallest group in which these financial statements are consolidated is Goonhilly Holdings Limited, incorporated in England and Wales, registered number 11305066. The consolidated accounts are available from Companies House, Cardiff.


15.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 May 2024 was unqualified.

The audit report was signed on 29 May 2025 by Kevin Connor FCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.
 
Page 10