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Synthesis Research Limited
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Notes to the financial statements
for the year ended 31 December 2023
Synthesis Research Limited is a private limited Company limited by shares and incorporated in England & Wales on 7 June 2019. The address of the registered office is C/O Buzzacott LLP, 130 Wood Street, London, United Kingdom, EC2V 6DL and the principal place of business of the Company is 120 New Cavendish Street, London, W1W 6XX.
The principal activity of the Company in the period under review was the provision of investment advisory services.
2.Significant accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention 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.
The financial statements are presented in Pound Sterling (£), which is also the functional currency.
The following principal accounting policies have been applied consistently throughout the year.
After reviewing the forecasts and projections the director has reasonable expectations that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
All revenue arose from services performed within United Kingdom.
All expenses have been accounted for on an accrual basis.
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