SYON PROPERTIES LIMITED - Filleted accounts

Registered number

07809567

SYON PROPERTIES LIMITED

Filleted Accounts

31 December 2024

SYON PROPERTIES LIMITED
Registered number:		07809567
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		3,194,165			3,174,294
Investments	4		1,670,387			1,258,116
			4,864,552			4,432,410

Current assets
Debtors	5	-			39,962
Cash at bank and in hand		36,820			141,504
		36,820			181,466

Creditors: amounts falling due within one year	6	(325,114)			(426,100)

Net current liabilities			(288,294)			(244,634)

Total assets less current liabilities			4,576,258			4,187,776

Creditors: amounts falling due after more than one year	7		(3,080,000)			(2,824,790)



Net assets			1,496,258			1,362,986

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,496,257			1,362,985

Shareholders' funds			1,496,258			1,362,986

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A N Kajani
Director
Approved by the board on 22 September 2025

SYON PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			15% reducing balance
	Fixtures, fittings, tools and equipment			15% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					10		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	2,937,054		187,134		475,196		3,599,384
	Additions	20,500		-		39,841		60,341
	At 31 December 2024	2,957,554		187,134		515,037		3,659,725

	Depreciation
	At 1 January 2024	-		141,191		283,899		425,090
	Charge for the year	-		6,891		33,579		40,470
	At 31 December 2024	-		148,082		317,478		465,560

	Net book value
	At 31 December 2024	2,957,554		39,052		197,559		3,194,165
	At 31 December 2023	2,937,054		45,943		191,297		3,174,294


4	Investments

Other
investments
£
	Cost
	At 1 January 2024							1,258,116
	Additions							412,271

	At 31 December 2024							1,670,387


5	Debtors					2024		2023
£							£

	Other debtors					-		39,962


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					68,000		68,000
	Trade creditors					6,388		10,890
	Taxation and social security costs					115,592		138,650
	Other creditors					135,134		208,560
						325,114		426,100


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					3,080,000		2,824,790


8	Other information

	SYON PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	54 Uxbridge Road
	Shepherds Bush
	London
	W12 8LP