Synovia Holdings Ltd
Unaudited Financial Statements
For Filing with Registrar
For the year to 31 December 2024
Company Registration No. 11671387 (England and Wales)
Synovia Holdings Ltd
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Synovia Holdings Ltd
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
525
925
Current assets
Debtors
5
3,984,884
4,016,363
Cash at bank and in hand
1,065
9,947
3,985,949
4,026,310
Creditors: amounts falling due within one year
6
(3,203,867)
(3,226,800)
Net current assets
782,082
799,510
Total assets less current liabilities
782,607
800,435
Creditors: amounts falling due after more than one year
7
(5,000)
(15,000)
Net assets
777,607
785,435
Capital and reserves
Called up share capital
8
208
208
Profit and loss reserves
777,399
785,227
Total equity
777,607
785,435

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year to 31 December 2024 in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Synovia Holdings Ltd
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 1 September 2025 and are signed on its behalf by:
De Kock Van Zyl
Director
Company Registration No. 11671387
Synovia Holdings Ltd
Notes to the Financial Statements
For the year to 31 December 2024
Page 3
1
Accounting policies
Company information

Synovia Holdings Ltd is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company made a loss in the year of £7,828 (202 3: £9,375) and at the balance sheet date had net asset of £777,607 (202 3: £785,435).

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.
Synovia Holdings Ltd
Notes to the Financial Statements (Continued)
For the year to 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees
2024
2023
Number
Number
Total
3
3
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
525
925
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024 & 31 December 2024
925
Impairment
At 1 January 2024
-
Disposals
400
At 31 December 2024
400
Carrying amount
At 31 December 2024
525
At 31 December 2023
925
Synovia Holdings Ltd
Notes to the Financial Statements (Continued)
For the year to 31 December 2024
Page 5
4
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
33 Purley Downs Limited
England and Wales
Ordinary
100.00
Namsa One Limited
England and Wales
Ordinary
50.00
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,891,714
3,976,134
Other debtors
93,170
40,229
3,984,884
4,016,363
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
-
0
1,669
Other creditors
3,191,467
3,212,831
Accruals and deferred income
2,400
2,300
3,203,867
3,226,800
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,000
15,000
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
208
208
208
208
Synovia Holdings Ltd
Notes to the Financial Statements (Continued)
For the year to 31 December 2024
Page 6
9
Related party transactions

The company has taken advantage of the exemption available in accordance with FRS 102 section 33

'Related Party Disclosures' not to disclose transactions entered into between two or more members of a

group.

Included within creditors is a balance of £58,006 (20 2 3: £53,006) owed to G. Hopkins, a director and £52,684 (20 2 3: £53,007) owed to DK Van Zyl, a director. The balances due to the directors are unsecured and interest free.

Included within debtors is an amount of £3,702,038 (20 2 3: £3,786,134) due from 33 Purley Downs Limited, a company under common control.

Included within debtors is an amount of £189,676 (20 2 3: £190,000) due from Russell Hill Limited, a company under common control.

Included within creditors is an amount of £nil (20 2 3: £1,000) due to Gipsy Hill Limited, a company under common control.

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