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REGISTERED NUMBER: 13149331 (England and Wales)


Syntonym Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 December 2023






Syntonym Limited (Registered number: 13149331)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Syntonym Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr M B Ozcan





SECRETARY:





REGISTERED OFFICE: 58 Wood Lane
Imperial College London Scale Space
London
W12 7RZ





REGISTERED NUMBER: 13149331 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Syntonym Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Syntonym Limited for the year ended 31 December 2023 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Syntonym Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Syntonym Limited and state those matters that we have agreed to state to the director of Syntonym Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Syntonym Limited and its director for our work or for this report.

It is your duty to ensure that Syntonym Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Syntonym Limited. You consider that Syntonym Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Syntonym Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


20 September 2024

Syntonym Limited (Registered number: 13149331)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,451 11,927
Investments 5 595,814 253,610
606,265 265,537

CURRENT ASSETS
Debtors 6 200 360
Cash at bank and in hand 323,936 17,055
324,136 17,415
CREDITORS
Amounts falling due within one year 7 1,115 5,348
NET CURRENT ASSETS 323,021 12,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

929,286

277,604

CAPITAL AND RESERVES
Called up share capital 8 107 120
Share premium 9 978,356 275,672
Capital redemption reserve 9 13 -
Retained earnings 9 (49,190 ) 1,812
SHAREHOLDERS' FUNDS 929,286 277,604

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Syntonym Limited (Registered number: 13149331)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





Mr M B Ozcan - Director


Syntonym Limited (Registered number: 13149331)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Syntonym 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.

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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Syntonym Limited (Registered number: 13149331)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 14,755
AMORTISATION
At 1 January 2023 2,828
Charge for year 1,476
At 31 December 2023 4,304
NET BOOK VALUE
At 31 December 2023 10,451
At 31 December 2022 11,927

Syntonym Limited (Registered number: 13149331)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 253,610
Additions 342,204
At 31 December 2023 595,814
NET BOOK VALUE
At 31 December 2023 595,814
At 31 December 2022 253,610

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Syntonim Bilisim Hizmetleri Ticaret Anonim Sirketi
Registered office: Incorporated in Turkey
Nature of business: Software Development
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 200 360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 35 4,031
Taxation and social security - 357
Other creditors 1,080 960
1,115 5,348

Syntonym Limited (Registered number: 13149331)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
909,107 Ordinary 0.01p 107 120
160,917 Seed 0.01p - -
107 120

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 January 2023 1,812 275,672 - 277,484
Deficit for the year (51,002 ) (51,002 )
Purchase of own shares - - 13 13
Cash share issue - 702,684 - 702,684
At 31 December 2023 (49,190 ) 978,356 13 929,179