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REGISTERED NUMBER: 08752800 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SANTIS BUSINESS SERVICES LIMITED

SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SANTIS BUSINESS SERVICES LIMITED

Company Information
for the year ended 31 December 2024







Directors: S R Lavers
L Eggar





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 08752800 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Statement of Financial Position
31 December 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 4 862,560 978,860
Tangible assets 5 108,573 148,855
Investments 6 - 200
971,133 1,127,915

Current assets
Debtors 7 1,344,883 1,080,663
Cash at bank and in hand 257,247 276,447
1,602,130 1,357,110
Creditors
Amounts falling due within one year 8 870,667 718,512
Net current assets 731,463 638,598
Total assets less current liabilities 1,702,596 1,766,513

Creditors
Amounts falling due after more than one
year

9

(1,037,672

)

(1,193,300

)

Provisions for liabilities (26,714 ) (37,214 )
Net assets 638,210 535,999

Capital and reserves
Called up share capital 11 50,000 50,000
Capital redemption reserve 12 45,000 45,000
Retained earnings 12 543,210 440,999
Shareholders' funds 638,210 535,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Statement of Financial Position - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:




S R Lavers - Director



L Eggar - Director


SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Santis Business Services 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 (£).


The company's place of business is 15 Pages Walk, London, SE1 4SB.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Key source of estimation, uncertainty and judgement
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

(i) Impairment of debtors
The company makes an estimate of the recoverable value of its debtors. When assessing impairment of debtors, management considers multiple factors regarding their recoverability.

(ii) Taxation
Management estimation is required to determine the amount of deferred tax asset or liability that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

Turnover
Turnover is derived from the company's principal activity, being business support services. Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Customer database rights acquired from third parties are capitalised and amortised in accordance with FRS 102. The asset is recognised at the point that the right of access to those customers is transfered to the company. The amount capitalised equates to the total consideration payable under the purchase agreement. Amortisation is recognised in accordance with FRS 102.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2023 - 35 ) .

SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. Intangible fixed assets
Patents and
licences
£
Cost
At 1 January 2024
and 31 December 2024 1,448,596
Amortisation
At 1 January 2024 469,736
Amortisation for year 116,300
At 31 December 2024 586,036
Net book value
At 31 December 2024 862,560
At 31 December 2023 978,860

5. Tangible fixed assets
Fixtures
Improvements and Motor Computer
to property fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 January 2024 7,678 69,889 471,245 30,774 579,586
Additions - - 35,594 - 35,594
Disposals - - (116,261 ) - (116,261 )
At 31 December 2024 7,678 69,889 390,578 30,774 498,919
Depreciation
At 1 January 2024 7,678 59,371 340,319 23,363 430,731
Charge for year - 4,613 67,836 2,691 75,140
Eliminated on disposal - - (115,525 ) - (115,525 )
At 31 December 2024 7,678 63,984 292,630 26,054 390,346
Net book value
At 31 December 2024 - 5,905 97,948 4,720 108,573
At 31 December 2023 - 10,518 130,926 7,411 148,855

SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 January 2024 440,562
Additions 35,594
Disposals (116,261 )
Reclassification/transfer 4,720
At 31 December 2024 364,615
Depreciation
At 1 January 2024 324,017
Charge for year 60,165
Eliminated on disposal (115,525 )
Reclassification/transfer 6,664
At 31 December 2024 275,321
Net book value
At 31 December 2024 89,294
At 31 December 2023 116,545

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2024 200
Disposals (200 )
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 31 December 2023 200

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,270,039 999,191
Other debtors 13,603 23,614
Prepayments 61,241 57,858
1,344,883 1,080,663

SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,119 16,779
Hire purchase contracts (see note 10) 37,099 51,549
Trade creditors 220,911 249,192
Tax 186,802 111,721
Social security and other taxes 37,816 71,846
VAT 223,058 171,743
Other creditors 31,702 220
Directors' current accounts 58,971 13,179
Accruals and deferred income 64,189 32,283
870,667 718,512

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 2-5 years 5,541 15,661
Hire purchase contracts (see note 10) 32,131 47,639
Other creditors 1,000,000 1,130,000
1,037,672 1,193,300

10. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 37,099 51,549
Between one and five years 32,131 47,639
69,230 99,188

Non-cancellable
operating leases
2024 2023
£ £
Within one year 62,048 56,596
Between one and five years 210,651 266,370
In more than five years - 6,329
272,699 329,295

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
37,500 A Ordinary £1 37,500 37,500
12,500 B Ordinary £1 12,500 12,500
50,000 50,000

SANTIS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 08752800)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


12. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 January 2024 440,999 45,000 485,999
Profit for the year 357,211 357,211
Dividends (255,000 ) (255,000 )
At 31 December 2024 543,210 45,000 588,210

13. Related party transactions

At the balance sheet date the company owed entities under the control of the directors £Nil (2023: £130,000) in respect of loans subject to an interest rate of 6% per annum. Interest of £3,711 (2023: £7,800) was expensed during the year. The loan is unsecured.

At the balance sheet date the company owed entities under the control of the directors £1,000,000 in respect of loans entered into in the current year subject to an interest rate of 4% per annum. Interest of £40,000 (2023: £40,000) was expensed during the year. The loan is secured via a fixed & floating charge over all assets of the company.

Included within creditors is £58,971 (2023: £13,179) owed to a director of the company. The amount is interest free and repayable on demand.

14. Share-based payment transactions

The company has granted share options to employees of the company. At 31 December 2024 there were
1,813 (2023 - Nil) A Ordinary shares in the company under options to employees of the company. These options are granted under the terms of an equity-settled share option scheme.






Number of
Share
options



Weighted
average
exercise
price



2024 202320242023
Outstanding at 1 January 2024 and 31
December 2024

1,813

Nil

£2.59

Nil
Exercisable at 31 December 2024NilNilNilNil


General Terms and Conditions:

Vesting Requirements: The options may be subject to performance targets set by the Directors at the date of grant.These performance targets must be met for the options to vest.

Settlement Method: The options are settled in equity, meaning that upon exercise, employees will receive shares in the company.

Option Limits and Exercise Conditions:

The options may be exercised at the discretion of the option holder, subject to meeting any performance targets and the conditions outlined in the scheme. The option must be exercised within 10 years of the date of the grant.