Skyee UK Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

Skyee UK Company Limited is a private company, limited by shares, registered in England and Wales.

The principal activity of the company is to provide management services to its group entities .

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

The address of its registered office is:
Office 346
Castlemead
Lower Castle Street
Bristol
BS1 3AG

These financial statements were authorised for issue by the Board on 2 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A small entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The directors have confirmed that the group undertaking continues to use their management services. The company is dependent on this arrangement in order to continue in operation, and has received assurances from the group that this will continue for at least 12 months from the date of approval of these financial statements. As such, the directors consider the company will be a going concern for 12 months from the date of approval of these financial statements and the financial statements have been drawn up on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 2 July 2026 was Lee Gardner FCA, who signed for and on behalf of Vale & West Accountancy Services Limited.

Skyee UK Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales and value added tax.
Turnover comprises service fees charged to the parent company on a cost-plus basis.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Motor Vehicles 20% pa straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Skyee UK Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Amount due from group undertaking

Amounts due from group undertaking represents the amount for services performed in the ordinary course of business.

The amounts are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Rentals paid under operating leases are charges to profit or loss on a straight line basis over the period of the lease.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

Skyee UK Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
Additions	64,708	64,708
At 31 December 2025	64,708	64,708
Depreciation
Charge for the year	3,235	3,235
At 31 December 2025	3,235	3,235
Carrying amount
At 31 December 2025	61,473	61,473

5

Debtors

Current	2025 £	2024 £
Amount due from group undertakings	26,775	38,882
Other debtors	3,143	3,936
	29,918	42,818

6

Creditors

	2025 £	2024 £
Due within one year
Taxation and social security	597	1,560
Other creditors	15,505	19,445
	16,102	21,005

7	Lease Commitments

At 31 December 2025, the company had total commitments under non-cancellable operating leases over the remaining life of the leases of £5,630 (2024:£10,261).