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REGISTERED NUMBER: 04246049 (England and Wales)















SKYNET WORLDWIDE EXPRESS MANAGEMENT
COMPANY LIMITED

Unaudited Financial Statements

for the Year Ended 1 January 2025






SKYNET WORLDWIDE EXPRESS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04246049)

Contents of the Financial Statements
for the year ended 1 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKYNET WORLDWIDE EXPRESS MANAGEMENT
COMPANY LIMITED

Company Information
for the year ended 1 January 2025







Directors: C Gunasekera
T J A Erasmus
J D Meyer
Skynet Worldwide Express BV
F Liverani
Skyworld International Courier, Inc.
Skynet Worldwide, S.L.
R M Rawcliffe
A N A Abdelrahman





Secretary: Sky Network Management Company BV





Registered office: Skynet House
18-21 Pulborough Way
Hounslow
Middlesex
TW4 6DE





Registered number: 04246049 (England and Wales)





Accountants: Cooper Parry Advisory Limited
1st Floor, Abbey Square
Davidson House
The Forbury
Reading
RG1 3EU
Page 1
SKYNET WORLDWIDE EXPRESS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04246049)

Balance Sheet
1 January 2025

2025 2024
Notes $ $
Fixed assets
Investments 4 46,644 46,644

Current assets
Debtors 5 298,208 300,894

Creditors
Amounts falling due within one year 6 (3,295 ) (6,086 )
Net current assets 294,913 294,808
Total assets less current liabilities 341,557 341,452

Capital and reserves
Called up share capital 7 317,574 317,574
Retained earnings 8 23,983 23,878
Shareholders' funds 341,557 341,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:





A N A Abdelrahman - Director


The notes on pages 3 to 5 form part of these financial statements

Page 2
SKYNET WORLDWIDE EXPRESS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04246049)

Notes to the Financial Statements
for the year ended 1 January 2025


1. Statutory information

Skynet Worldwide Express Management Company 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.

2. Accounting policies

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

The presentational currency of the statutory accounts is United States Dollars.

Preparation of consolidated financial statements
The financial statements contain information about Skynet Worldwide Express Management Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically.

Investments in subsidiaries
Investments held as fixed assets are shown at cost less provision for impairment.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3
SKYNET WORLDWIDE EXPRESS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04246049)

Notes to the Financial Statements - continued
for the year ended 1 January 2025


2. Accounting policies - continued

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into US Dollars at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into dollars at the rate ruling on the date of the transaction.Exchange gains and losses are recognised in the profit and loss account.

3. Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4. Fixed asset investments
Investments
in
subsidiary
companies
$
Cost
At 2 January 2024
and 1 January 2025 46,644
Net book value
At 1 January 2025 46,644
At 1 January 2024 46,644

Subsidiary undertakings
The following were subsidiary undertakings of the company:

Name Class of shares Holding
Sky Network Management Company BV Ordinary 100%
Skynet Clearing House BV Ordinary 100%

5. Debtors: amounts falling due within one year
2025 2024
$ $
Amounts owed by group undertakings 298,208 300,894

6. Creditors: amounts falling due within one year
2025 2024
$ $
Taxation and social security 295 3,758
Other creditors 3,000 2,328
3,295 6,086

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: $ $
317,574 Ordinary $1 317,574 317,574

Page 4
SKYNET WORLDWIDE EXPRESS MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04246049)

Notes to the Financial Statements - continued
for the year ended 1 January 2025


8. Reserves
Retained
earnings
$

At 2 January 2024 23,878
Profit for the year 105
At 1 January 2025 23,983

Page 5