SATELLITE FINANCE NETWORK


Directors	ADLEN, Sam
	BROOK, Richard Anthony
	GARNIER, Mark Robert Timothy
	SPURRET, Robert Paul
	WHEELER, Joanne Elizabeth


Company Secretary	WHEELER, Joanne Elizabeth


Registered Address	126 New Kings Road
	London
	SW6 4LZ


Registered Number	12088530 (England and Wales)

Statement of Financial Position
31 July 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Debtors	3	500		-
Cash at bank and on hand		11,316		11,445
		11,816		11,445
Creditors amounts falling due within one year	4	(3,106)		(2,973)
Net current assets (liabilities)			8,710		8,472
Total assets less current liabilities			8,710		8,472
Net assets			8,710		8,472
Capital and reserves
Other reserves			2,913		2,913
Profit and loss account			5,797		5,559
Reserves			8,710		8,472

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 May 2026, and are signed on its behalf by:

WHEELER, Joanne Elizabeth
Director
Registered Company No. 12088530

SATELLITE FINANCE NETWORK

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis 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.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		5

3.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	500	-
Total	500	-

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,050	1,116
Taxation and social security	56	257
Accrued liabilities and deferred income	2,000	1,600
Total	3,106	2,973

5.	Related party transactions
	Included in debtors, an amount of £500 (2024: £Nil) was due from Alden Legal Limited, a company under common directorship. This balance is unsecured, interest free and repayable on demand.