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Registration number: 11316405

Synyega Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Synyega Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Synyega Holdings Ltd

Company Information

Directors

Susan Tracey Crawley

Anthony Joseph Crawley

Company secretary

Susan Tracey Crawley

Registered office

Suite 102
Newton House
Birchwood Business Park
Warrington
Cheshire
WA3 6FW

Accountants

King Street Accounts Office 4 1st Floor
Victory House
The Sidings
Whalley
Lancashire
BB7 9SE

 

Synyega Holdings Ltd

(Registration number: 11316405)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

57,681

57,681

Current assets

 

Debtors

5

104,900

105,900

Cash at bank and in hand

 

269,577

262,540

 

374,477

368,440

Creditors: Amounts falling due within one year

6

(1,728)

(860)

Net current assets

 

372,749

367,580

Net assets

 

430,430

425,261

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

430,428

425,259

Shareholders' funds

 

430,430

425,261

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 May 2025 and signed on its behalf by:
 

.........................................
Anthony Joseph Crawley
Director

 

Synyega Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 102
Newton House
Birchwood Business Park
Warrington
Cheshire
WA3 6FW

These financial statements were authorised for issue by the Board on 7 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Synyega Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Group Accounts not prepared
The company is part of a small group . The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts .

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

57,681

57,681

 

Synyega Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Subsidiaries

£

Cost or valuation

At 1 January 2024

57,681

Provision

Carrying amount

At 31 December 2024

57,681

At 31 December 2023

57,681

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

4,280

5,280

Other debtors

 

100,620

100,620

 

104,900

105,900

 

Synyega Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,728

860

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £0.00022 (2023 - £0.02220) each

4,500

1.00

45

1.00

Ordinary B shares of £0.00200 (2023 - £0.20000) each

500

1.00

5

1.00

5,000

2.00

50

2.00

On the 18th September 2024 the shares were subdivided into 4,500 A ordinary shares of £0.00022 and 500 B ordinary shares of £0.002 .

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £21.7777 (2023 - £2,644.00) per each Ordinary A shares

98,000

119,000

Interim dividend of £196.00 (2023 - £23,800.00) per each Ordinary B shares

98,000

119,000

196,000

238,000

 

Synyega Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Related party transactions

Summary of transactions with Directors

The company is controlled by the directors . At the balance sheet date the amount owed by the Directors was £75,400 (2023 £75,400 owed ) .

Dividends of £196,000 were paid to the directors during the year (2023 £238,000 paid ) .

Summary of transactions with Subsidiary

During the year the company received dividends of £196,000 from Synyega Ltd. (2023 £238,000 received ) .

At the balance sheet date £4,280 was owed by Synyega Ltd (2023 £5,280 owed ).