REGISTERED NUMBER: 03874266 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SYNERGY CAPITAL UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L K Kianfar

M Kianfar

J Kianfar

REGISTERED OFFICE:

2 St Johns Place

Hove

East Sussex

BN3 2FJ

REGISTERED NUMBER:

03874266 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

797,194

465,875

Investments

5

10,301

10,301

Investment property

6

3,239,922

2,759,032

4,047,417

3,235,208

CURRENT ASSETS

Debtors

7

34,630

1,666,166

Cash at bank

16,105

246,009

50,735

1,912,175

CREDITORS

Amounts falling due within one year

8

(635,094

)

(1,211,512

)

NET CURRENT (LIABILITIES)/ASSETS

(584,359

)

700,663

TOTAL ASSETS LESS CURRENT LIABILITIES

3,463,058

3,935,871

PROVISIONS FOR LIABILITIES

10

(527,779

)

(495,670

)

NET ASSETS

2,935,279

3,440,201

CAPITAL AND RESERVES

Called up share capital

11

250

250

Non-distributable reserve

1,298,377

1,307,546

Retained earnings

1,636,652

2,132,405

SHAREHOLDERS' FUNDS

2,935,279

3,440,201

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.

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 29 August 2025 and were signed on its behalf by:

L K Kianfar - Director

1.	STATUTORY INFORMATION

Synergy Capital UK 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 (£).

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Synergy Capital UK 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.

Revenue

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Rental income: in the rental period.

Management fees: group companies are charged annually.

Tangible fixed assets

Tangible fixed assets held for the Company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

straight line over 50 years

Short Leasehold property

-

straight line over 10 years

Fixtures and fittings

-

straight line over 5 years

Motor vehicles

-

25% reducing balance method

Computer equipment

-

straight line over 3 years

The cost of land included in freehold property has not been depreciated.

Impairment review

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation, such valuations being given by the director based on their knowledge of market conditions. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, bank loans, third party loans, related party loans and investments in non-puttable shares.

For financial assets measured at amortise cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.'

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations.

The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid are shown in accruals as a creditor in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2024

-

64,080

387,445

Additions

410,909

-

48,616

Disposals

-

-

(7,506

)

At 31 December 2024

410,909

64,080

428,555

DEPRECIATION

At 1 January 2024

-

11,698

66,089

Charge for year

8,218

6,797

73,718

Eliminated on disposal

-

-

(1,660

)

At 31 December 2024

8,218

18,495

138,147

NET BOOK VALUE

At 31 December 2024

402,691

45,585

290,408

At 31 December 2023

-

52,382

321,356

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

75,254

63,896

23,894

614,569

Additions

-

-

833

460,358

Disposals

(20,201

)

-

-

(27,707

)

At 31 December 2024

55,053

63,896

24,727

1,047,220

DEPRECIATION

At 1 January 2024

40,206

10,272

20,429

148,694

Charge for year

8,737

8,855

3,093

109,418

Eliminated on disposal

(6,426

)

-

-

(8,086

)

At 31 December 2024

42,517

19,127

23,522

250,026

NET BOOK VALUE

At 31 December 2024

12,536

44,769

1,205

797,194

At 31 December 2023

35,048

53,624

3,465

465,875

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

10,301

NET BOOK VALUE

At 31 December 2024

10,301

At 31 December 2023

10,301

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

2,759,032

Additions

480,890

At 31 December 2024

3,239,922

NET BOOK VALUE

At 31 December 2024

3,239,922

At 31 December 2023

2,759,032

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

465,293

Valuation in 2020

1,265,877

Cost

1,508,752

3,239,922

At the year end, the investment properties were valued by the director.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,302

9,302

Amounts owed by group undertakings

-

1,632,357

Other debtors

25,328

24,507

34,630

1,666,166

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

32,003

6,437

Amounts owed to group undertakings

-

1,065,320

Taxation and social security

57,676

1,686

Other creditors

545,415

138,069

635,094

1,211,512

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

25,450

25,450

Between one and five years

65,157

77,942

In more than five years

488,849

501,580

579,456

604,972

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

527,779

495,670

Deferred tax

£

Balance at 1 January 2024

495,670

Accelerated capital allowances

22,941

Unrealised investment gains

9,168

Balance at 31 December 2024

527,779

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

250

Ordinary shares

£1

250

250

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Key management personnel

During the year under review, the company owed key management personnel £437,512 (2023: £39,861). The loan is interest free, repayable on demand and included in other creditors.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is L K Kianfar.