Station Bravo Ltd
Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 11193049 (England and Wales)
Station Bravo Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Station Bravo Ltd
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
$
$
$
$
Fixed assets
Investments
3
16
16
Current assets
Cash at bank and in hand
26,613
27,276
Creditors: amounts falling due within one year
4
(127,554)
(111,120)
Net current liabilities
(100,941)
(83,844)
Net liabilities
(100,925)
(83,828)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(100,926)
(83,829)
Total equity
(100,925)
(83,828)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 September 2025 and are signed on its behalf by:
P Trivedi
Director
Company Registration No. 11193049
Station Bravo Ltd
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information
Station Bravo Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Riverbank House, 2 Swan Lane, London, United Kingdom, EC4R 3TT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in United States Dollars (USD), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest USD.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has net liabilities of $100,925 (2023: $83,828) and has reported a loss for the period of true$17,097 (2023: $1,719 profit), with the company's initial set up costs having been funded by the parent company. The company is reliant on the continued financial support of its parent company, Skylo Technologies Inc to whom $111,768 (2023: $95,824 ) is owed at the balance sheet date. The directors have received written confirmation from the Board of Skylo Technologies Inc that it will provide sufficient financial resources to enable the company meet its liabilities as they fall due and will not seek repayments of amounts owed to it in the period of 12 months following the date of approval of these financial statements. Accordingly, the directors consider that it is appropriate to prepare the financial statements on a going concern basis.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.4
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Station Bravo Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.8
Foreign exchange
Transactions in currencies other than USD 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 are included in the profit and loss account for the period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
$
$
Other investments other than loans
16
16
Station Bravo Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
3
Fixed asset investments
(Continued)
Page 4
Fixed asset investments not carried at market value
The company holds a 1% investment in a fellow group company, Skylotech India Private Limited, a company registered in India. The investment is carried at cost. The remaining shares in the company are owned by fellow group companies.
4
Creditors: amounts falling due within one year
2024
2023
$
$
Amounts owed to group undertakings
111,768
95,824
Accruals and deferred income
15,786
15,296
127,554
111,120
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
$
$
Issued and fully paid
Ordinary shares of £1.39 each
1
1
1
1
The 1 Ordinary £1 share has been converted into USD.
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Robert Kersse
Statutory Auditor:
Moore Kingston Smith LLP
7
Related party transactions
The Company has taken advantage of the exemption available in FRS 102 Paragraph 33.1A whereby it has not disclosed transactions with the immediate parent company or any wholly owned subsidiary undertaking due to group accounts being prepared.
8
Parent company
The company is a 100% subsidiary of Skylo Technologies Inc, a company incorporated in Delaware, United States of America. It is of the opinion of the directors that there is no controlling party.
The consolidated financial statements of Skylo Technologies Inc are available from its business office, 268 Lambert Avenue, Palo Alto, CA 94306, United States of America.