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REGISTERED NUMBER: SC628966 (Scotland)









SYMPATRIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






SYMPATRIC LIMITED (REGISTERED NUMBER: SC628966)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SYMPATRIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: S Cassidy





REGISTERED OFFICE: The Manse
Kinloch Rannoch
Perth and Kinross
PH16 5QA





REGISTERED NUMBER: SC628966 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SYMPATRIC 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 Balance Sheet. Readers are cautioned that the 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 Sympatric Limited for the year ended 30th April 2024 which comprise the Income Statement, Balance Sheet, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Sympatric Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sympatric Limited and state those matters that we have agreed to state to the director of Sympatric Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Sympatric 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 profit of Sympatric Limited. You consider that Sympatric 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 Sympatric 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.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


17th October 2024

SYMPATRIC LIMITED (REGISTERED NUMBER: SC628966)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,773 2,864
Investments 5 90 50
1,863 2,914

CURRENT ASSETS
Debtors 6 7,232 16,420
Cash at bank 4,995 18,760
12,227 35,180
CREDITORS
Amounts falling due within one year 7 19,792 31,197
NET CURRENT (LIABILITIES)/ASSETS (7,565 ) 3,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,702

)

6,897

PROVISIONS FOR LIABILITIES 337 716
NET (LIABILITIES)/ASSETS (6,039 ) 6,181

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (6,139 ) 6,081
SHAREHOLDERS' FUNDS (6,039 ) 6,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

SYMPATRIC LIMITED (REGISTERED NUMBER: SC628966)

BALANCE SHEET - continued
30TH APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th October 2024 and were signed by:





S Cassidy - Director


SYMPATRIC LIMITED (REGISTERED NUMBER: SC628966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Sympatric Limited is a private company, limited by shares , registered in Scotland. 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.

The company had negative reserves of £6,139 as at 30th April 2024. Included in creditors is a loan from the director totalling £15,573. It has been agreed that this loan will not be repaid to the detriment of the company's ability to trade. The director therefore believes it is appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Sympatric Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
The turnover shown in the profit and loss account represents the sales value of services rendered and related expenses reimbursed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer Equipment-25% Straight Line
Website Development-20% Straight Line

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 balance sheet date.


SYMPATRIC LIMITED (REGISTERED NUMBER: SC628966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Website Computer
Development equipment Totals
£    £    £   
COST
At 1st May 2023 3,560 3,827 7,387
Additions - 232 232
At 30th April 2024 3,560 4,059 7,619
DEPRECIATION
At 1st May 2023 2,467 2,056 4,523
Charge for year 712 611 1,323
At 30th April 2024 3,179 2,667 5,846
NET BOOK VALUE
At 30th April 2024 381 1,392 1,773
At 30th April 2023 1,093 1,771 2,864

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st May 2023 50
Additions 40
At 30th April 2024 90
NET BOOK VALUE
At 30th April 2024 90
At 30th April 2023 50

SYMPATRIC LIMITED (REGISTERED NUMBER: SC628966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. FIXED ASSET INVESTMENTS - continued

During the year Fuse Mobility Ltd became a 90% subsidiary. Subsequently, in August 2024, the interest in Fuse Mobility Ltd reduced to 50% upon the transfer of shares.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 7,232 11,382
Amounts recoverable on contracts - 5,038
7,232 16,420

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 2,792 14,866
Other creditors 17,000 16,331
19,792 31,197

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Steven Cassidy throughout the period.