REGISTERED NUMBER: 13164149 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SYNTASSO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C G Hedley

C M Humphreys

P L Kennedy

A Vidiborschii

Registered office:

23 Fitzroy Road

Fleet

GU51 4JJ

Registered number:

13164149 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

18,816

22,745

Investments

5

2,564,437

-

2,583,253

22,745

Current assets

Debtors

6

140,523

137,268

Cash at bank

1,781,817

5,272,405

1,922,340

5,409,673

Creditors

Amounts falling due within one year

7

397,080

51,504

Net current assets

1,525,260

5,358,169

Total assets less current liabilities

4,108,513

5,380,914

Capital and reserves

Called up share capital

9

144

144

Share premium

6,705,040

6,705,040

Retained earnings

(2,596,671

)

(1,324,270

)

Shareholders' funds

4,108,513

5,380,914

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

P L Kennedy - Director

1.	Statutory information

Syntasso 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.

Going concern

The company incurred losses during the year, however the directors believe 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 preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from services is recognised over the period in which the service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

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. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 balance sheet date.

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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment in subsidiaries

Investment in subsidiaries are initially recorded at cost and subsequently stated at cost less accumulated impairment losses.

3.	Employees and directors

The average number of employees during the year was 13 (2023 - 8 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

36,947

Additions

10,865

At 31 December 2024

47,812

Depreciation

At 1 January 2024

14,202

Charge for year

14,794

At 31 December 2024

28,996

Net book value

At 31 December 2024

18,816

At 31 December 2023

22,745

5.	Fixed asset investments

Other

investments

£

Cost

Additions

2,564,437

At 31 December 2024

2,564,437

Net book value

At 31 December 2024

2,564,437

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

140,523

137,268

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

690

636

Trade creditors

34,335

5,791

Taxation and social security

46,444

32,615

Other creditors

315,611

12,462

397,080

51,504

8.	Leasing agreements

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

Within one year: £nil (2023: £34,674)

Between two and five years: £nil (2023: £nil)

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000,000

Ordinary

0.0001

100

100

146,497

SEED

0.0001

15

15

297,029

Series SEED 2

0.0001

29

29

144

144