1 April 2023 false No description of principal activity Taxfiler 2024.5 08815148business:PrivateLimitedCompanyLtd2023-04-012024-03-31 088151482023-03-31 088151482023-04-012024-03-31 08815148business:AuditExemptWithAccountantsReport2023-04-012024-03-31 08815148business:FilletedAccounts2023-04-012024-03-31 088151482024-03-31 08815148business:Director12023-04-012024-03-31 08815148business:Director22023-04-012024-03-31 08815148business:RegisteredOffice2023-04-012024-03-31 088151482023-03-31 08815148core:WithinOneYear2024-03-31 08815148core:WithinOneYear2023-03-31 08815148core:AfterOneYear2024-03-31 08815148core:AfterOneYear2023-03-31 08815148core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08815148core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08815148core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08815148core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08815148core:PreviouslyStatedAmount2024-03-31 08815148core:PreviouslyStatedAmount2023-03-31 08815148business:SmallEntities2023-04-012024-03-31 08815148countries:EnglandWales2023-04-012024-03-31 08815148core:PlantMachinery2023-04-012024-03-31 08815148core:ComputerEquipment2023-04-012024-03-31 08815148core:PlantMachinery2023-03-31 08815148core:ComputerEquipment2023-03-31 08815148core:PlantMachinery2024-03-31 08815148core:ComputerEquipment2024-03-31 088151482022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08815148 (England and Wales)
Synergy Property Partners LTD Unaudited accounts for the year ended 31 March 2024
Synergy Property Partners LTD Unaudited accounts Contents
Page
- 2 -
Synergy Property Partners LTD Company Information for the year ended 31 March 2024
Directors
Mr P Rusinek Mr J Howard
Company Number
08815148 (England and Wales)
Registered Office
85 Great Portland street First Floor London W1W 7LT United Kingdom
Accountants
Bell Howley Perrotton LLP 53 Davies Street Mayfair London W1K 5JH
- 3 -
Synergy Property Partners LTD Accountants' report
Accountants' report to the board of directors of Synergy Property Partners LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Synergy Property Partners LTD for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Synergy Property Partners LTD, as a body, in accordance with the terms of our engagement letter dated 2 November 2020. Our work has been undertaken solely to prepare for your approval the accounts of Synergy Property Partners LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Synergy Property Partners LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Synergy Property Partners LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Synergy Property Partners LTD. You consider that Synergy Property Partners LTD 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 accounts of Synergy Property Partners LTD. 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 accounts.
Bell Howley Perrotton LLP 53 Davies Street Mayfair London W1K 5JH 22 October 2024
- 4 -
Synergy Property Partners LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
831 
Current assets
Debtors
58,018 
18,433 
Cash at bank and in hand
(1,853)
(16,377)
56,165 
2,056 
Creditors: amounts falling due within one year
(63,511)
(9,832)
Net current liabilities
(7,346)
(7,776)
Total assets less current liabilities
(7,346)
(6,945)
Creditors: amounts falling due after more than one year
(15,677)
(18,743)
Net liabilities
(23,023)
(25,688)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(23,025)
(25,690)
Shareholders' funds
(23,023)
(25,688)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
Mr P Rusinek Director Company Registration No. 08815148
- 5 -
Synergy Property Partners LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Synergy Property Partners LTD is a private company, limited by shares, registered in England and Wales, registration number 08815148. The registered office is 85 Great Portland street, First Floor, London, W1W 7LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
2,590 
5,446 
8,036 
At 31 March 2024
2,590 
5,446 
8,036 
Depreciation
At 1 April 2023
2,590 
4,615 
7,205 
Charge for the year
- 
831 
831 
At 31 March 2024
2,590 
5,446 
8,036 
Net book value
At 31 March 2024
- 
- 
- 
At 31 March 2023
- 
831 
831 
- 6 -
Synergy Property Partners LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,800 
7,800 
Other debtors
- 
1,400 
31,800 
9,200 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
- 
2,000 
Other debtors
26,218 
7,233 
26,218 
9,233 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,052 
1,086 
Amounts owed to group undertakings and other participating interests
57,000 
4,680 
Taxes and social security
(840)
- 
Other creditors
2 
1,313 
Loans from directors
2,297 
2,753 
63,511 
9,832 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,259 
18,325 
Taxes and social security
418 
418 
15,677 
18,743 
8
Transactions with related parties
At the balance sheet date, the company owed the director £2,297 (2022 - £2,753). At the balance sheet date, the company owed £54,680 (2022 - £4,680) to UK & LDN Property Ltd. The company owed £2,320 (2022 - (£2,000) to Howard Rusinek Consulting Ltd at the balance sheet date. Mr P. Rusinek is a director and shareholder in all three companies above. No Interest has been charged on the loans during the year.
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).
- 7 -