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REGISTERED NUMBER: NI615224 (Northern Ireland)















SYDENHAM BUSINESS CONSULTING LTD

Unaudited Financial Statements for the Year Ended 30 April 2024






SYDENHAM BUSINESS CONSULTING LTD (REGISTERED NUMBER: NI615224)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SYDENHAM BUSINESS CONSULTING LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Domhnail Michael O'Neill
Mark O'Kane





REGISTERED OFFICE: 67 Sydenham Road
Belfast
Co. Antrim
BT3 9DJ





REGISTERED NUMBER: NI615224 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

SYDENHAM BUSINESS CONSULTING LTD (REGISTERED NUMBER: NI615224)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 572,369 285,006
Investments 6 1,457,704 1,457,704
2,030,073 1,742,710

CURRENT ASSETS
Cash at bank 496 658

PAYABLES
Amounts falling due within one year 7 (730,117 ) (671,384 )
NET CURRENT LIABILITIES (729,621 ) (670,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,300,452

1,071,984

PAYABLES
Amounts falling due after more than
one year

8

(249,727

)

(50,644

)

PROVISIONS FOR LIABILITIES (43,657 ) (43,657 )

GOVERNMENT GRANTS - (11,844 )
NET ASSETS 1,007,068 965,839

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Capital redemption reserve 767,061 767,061
Retained earnings 190,007 148,778
1,007,068 965,839

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SYDENHAM BUSINESS CONSULTING LTD (REGISTERED NUMBER: NI615224)

Statement of Financial Position - continued
30 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 Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




Mark O'Kane - Director



Domhnail Michael O'Neill - Director


SYDENHAM BUSINESS CONSULTING LTD (REGISTERED NUMBER: NI615224)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Sydenham Business Consulting Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Related party exemption
The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 15% straight line

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 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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

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

SYDENHAM BUSINESS CONSULTING LTD (REGISTERED NUMBER: NI615224)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 May 2023 1,109,520 184,564 112,633 1,406,717
Additions 402,090 8,407 - 410,497
At 30 April 2024 1,511,610 192,971 112,633 1,817,214
DEPRECIATION
At 1 May 2023 906,341 163,090 52,280 1,121,711
Charge for year 99,883 8,561 14,690 123,134
At 30 April 2024 1,006,224 171,651 66,970 1,244,845
NET BOOK VALUE
At 30 April 2024 505,386 21,320 45,663 572,369
At 30 April 2023 203,179 21,474 60,353 285,006

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 May 2023
and 30 April 2024 1,457,704
NET BOOK VALUE
At 30 April 2024 1,457,704
At 30 April 2023 1,457,704

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,999 9,999
Hire purchase contracts (see note 9) 80,896 30,467
Amounts owed to group undertakings 471,273 234,252
Taxation and social security 7,890 7,890
Other payables 160,059 388,776
730,117 671,384

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 16,673 26,671
Hire purchase contracts (see note 9) 233,054 23,973
249,727 50,644

SYDENHAM BUSINESS CONSULTING LTD (REGISTERED NUMBER: NI615224)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 80,896 30,467
Between one and five years 233,054 23,973
313,950 54,440

Hire purchase balances are secured on the assets to which they relate.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end an amount of £133,561 (2023 - £346,278) was owing to the director Mark O'Kane.