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REGISTERED NUMBER: 10081590 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SYNVESTMENT FOODS LTD

SYNVESTMENT FOODS LTD (REGISTERED NUMBER: 10081590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SYNVESTMENT FOODS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: S Zerti





REGISTERED OFFICE: 16 Woodfield Avenue
London
W5 1PA





REGISTERED NUMBER: 10081590 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SYNVESTMENT FOODS LTD (REGISTERED NUMBER: 10081590)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 50,503 61,012

CURRENT ASSETS
Inventories 500 500
Debtors 5 1 925
Cash at bank 473 770
974 2,195
CREDITORS
Amounts falling due within one year 6 291,415 292,383
NET CURRENT LIABILITIES (290,441 ) (290,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(239,938

)

(229,176

)

CREDITORS
Amounts falling due after more than one
year

7

(37,115

)

(35,417

)

PROVISIONS FOR LIABILITIES (9,596 ) (11,592 )
NET LIABILITIES (286,649 ) (276,185 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (286,650 ) (276,186 )
SHAREHOLDERS' FUNDS (286,649 ) (276,185 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SYNVESTMENT FOODS LTD (REGISTERED NUMBER: 10081590)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





S Zerti - Director


SYNVESTMENT FOODS LTD (REGISTERED NUMBER: 10081590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Synvestment Foods Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the balance sheet date the Company had net current liabilities amounting to £290,441 (2022: net £290,188). The Company meets its day to day working capital requirements through the support of the director and the board have taken this into account their decision to prepare the accounts on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

SYNVESTMENT FOODS LTD (REGISTERED NUMBER: 10081590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 84,712 10,685 12,022 2,141 109,560
DEPRECIATION
At 1 April 2022 33,885 6,273 7,098 1,292 48,548
Charge for year 8,471 883 985 170 10,509
At 31 March 2023 42,356 7,156 8,083 1,462 59,057
NET BOOK VALUE
At 31 March 2023 42,356 3,529 3,939 679 50,503
At 31 March 2022 50,827 4,412 4,924 849 61,012

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Social security and other tax 1 925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,291 19,582
Social security and other taxes - 177
Other creditors 61,090 49,590
Directors' current accounts 222,784 221,784
Accruals and deferred income 1,250 1,250
291,415 292,383

Other creditors include £60,303 (2022: £48,803) payable to associated Company Synvestment Limited.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 6,290 9,584
Bank loans - 2-5 years 30,825 25,833
37,115 35,417

SYNVESTMENT FOODS LTD (REGISTERED NUMBER: 10081590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is S Zerti.