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.

The 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 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.

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 amounts 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.

The company made a loss in the year of £7,828 (2023: £9,375) and at the balance sheet date had net asset of £777,607 (2023: £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.

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.

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.

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.

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

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 (2023: £53,006) owed to G. Hopkins, a director and £52,684 (2023: £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 (2023: £3,786,134) due from 33 Purley Downs Limited, a company under common control.

Included within debtors is an amount of £189,676 (2023: £190,000) due from Russell Hill Limited, a company under common control.

Included within creditors is an amount of £nil (2023: £1,000) due to Gipsy Hill Limited, a company under common control.