for the Period Ended 31 December 2024
| Balance sheet | |
| Notes |
As at
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Notes |
2024 |
2023 |
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£ |
£ |
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| Called up share capital not paid: |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Investments: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
( |
( |
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| Provision for liabilities: |
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| Total net assets (liabilities): |
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| Capital and reserves | |||
| Called up share capital: |
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| Share premium account: |
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| Revaluation reserve: | |||
| Other reserves: |
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| Profit and loss account: |
( |
( |
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| Shareholders funds: |
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The notes form part of these financial statements
The directors have chosen to not file a copy of the company’s profit & loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 December 2024
In August 2018, the company entered into an agreement with Al Yah Satellite Communications Company PrJSC ("Yahsat") to establish a new entity, Broadband Connectivity Solutions (Restricted) Limited (together with its subsidiaries, “BCS”), to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia operating over Yahsat’s Al Yah 2 and Al Yah 3 Ka-band satellites. The transaction was consummated in December 2018 when the company invested $100 million in cash in exchange for a 20% interest in BCS. During the year, it was deemed that the carrying value of this investment was overstated and an appropriate impairment review was carried out which resulted in the investment being impaired. Under the terms of the agreement, the company may also acquire, for further cash investments, additional ownership interests in BCS in the future provided certain conditions are met.