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REGISTERED NUMBER: 06166874 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SYNERGY VISION LIMITED

SYNERGY VISION LIMITED (REGISTERED NUMBER: 06166874)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SYNERGY VISION LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | F Dawber

| S Ferris

| K B Mcainsh

| REGISTERED OFFICE: | 55 Loudoun Road

| St. John's Wood

| London

| NW8 0DL

| REGISTERED NUMBER: | 06166874 (England and Wales)

| ACCOUNTANTS: | MGR Weston Kay LLP

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| BANKERS: | HSBC Bank Plc

| 50-52 Kilburn High Road

| Kilburn

| NW6 4HJ

SYNERGY VISION LIMITED (REGISTERED NUMBER: 06166874)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 19,207 |  | 45,521 |  |

Investments | 5 | 50 |  | 50 |  |

19,257 |  | 45,571 |  |

CURRENT ASSETS

Debtors | 6 | 968,698 |  | 1,672,973 |  |

Cash at bank and in hand | 259,670 |  | 439,565 |  |

1,228,368 |  | 2,112,538 |  |

CREDITORS

Amounts falling due within one year | 7 | (846,690 | ) | (1,635,673 | ) |

NET CURRENT ASSETS | 381,678 |  | 476,865 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 400,935 |  | 522,436 |  |

PROVISIONS FOR LIABILITIES | 9 | (4,802 | ) | (11,380 | ) |

NET ASSETS | 396,133 |  | 511,056 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 12 |  | 12 |  |

Share premium | 67,125 |  | 67,125 |  |

Retained earnings | 328,996 |  | 443,919 |  |

SHAREHOLDERS' FUNDS | 396,133 |  | 511,056 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

SYNERGY VISION LIMITED (REGISTERED NUMBER: 06166874)

BALANCE SHEET - continued

31 MARCH 2025

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 8 October 2025 and were signed on its behalf by:

F Dawber - Director

SYNERGY VISION LIMITED (REGISTERED NUMBER: 06166874)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Synergy Vision 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.

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.

| 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.

| Turnover

| Turnover represents the value of goods and services provided by the company net of value added tax.

| Gross profit on long term contracts is recognised based upon the stage of completion of the contract at the end of the reporting period which is assessed by comparing contract costs to date to total expected contract costs as per FRS102 Section 23.

| Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

| Tangible fixed assets

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

| Long leasehold | - | evenly over the period of the lease

| Fixtures and fittings | - | Straight line over 4 years

| Motor vehicles | - | Straight line over 4 years

| Computer equipment | - | Straight line over 3 years

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| Investments in subsidiaries

| 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.

SYNERGY VISION LIMITED (REGISTERED NUMBER: 06166874)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at

| transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk

| 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 that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

SYNERGY VISION LIMITED (REGISTERED NUMBER: 06166874)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 43 (2024 - 44 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | and |  | Motor |  | Computer |

| leasehold |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 182,325 |  | 146,055 |  | 125,773 |  | 60,285 |  | 514,438 |  |

| Additions | - |  | 2,250 |  | - |  | 12,039 |  | 14,289 |  |

| At 31 March 2025 | 182,325 |  | 148,305 |  | 125,773 |  | 72,324 |  | 528,727 |  |

| DEPRECIATION

| At 1 April 2024 | 182,325 |  | 143,170 |  | 102,592 |  | 40,830 |  | 468,917 |  |

| Charge for year | - |  | 2,191 |  | 23,181 |  | 15,231 |  | 40,603 |  |

| At 31 March 2025 | 182,325 |  | 145,361 |  | 125,773 |  | 56,061 |  | 509,520 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 2,944 |  | - |  | 16,263 |  | 19,207 |  |

| At 31 March 2024 | - |  | 2,885 |  | 23,181 |  | 19,455 |  | 45,521 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 50 |  |

| NET BOOK VALUE

| At 31 March 2025 | 50 |  |

| At 31 March 2024 | 50 |  |

SYNERGY VISION LIMITED (REGISTERED NUMBER: 06166874)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 414,587 |  | 1,087,841 |  |

| Amounts owed by group undertakings | 357,496 |  | 368,193 |  |

| Other debtors | 196,615 |  | 216,939 |  |

968,698 |  | 1,672,973 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 105,894 |  | 206,994 |  |

| Amounts owed to group undertakings | 86,415 |  | 307,962 |  |

| Taxation and social security | 47,513 |  | 127,609 |  |

| Other creditors | 606,868 |  | 993,108 |  |

846,690 |  | 1,635,673 |  |

8. | LEASING AGREEMENTS

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 10,844 |  | 34,285 |  |

| Between one and five years | - |  | 10,844 |  |

10,844 |  | 45,129 |  |

9. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 4,802 |  | 11,380 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 11,380 |  |

| Credit to Income Statement during year | (6,578 | ) |

| Balance at 31 March 2025 | 4,802 |  |

SYNERGY VISION LIMITED (REGISTERED NUMBER: 06166874)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 1,000 | Ordinary A ahares | 0.01 | 10 |  | 10 |  |

| 250 | Ordinary B ahares | 0.01 | 2 |  | 2 |  |

12 |  | 12 |  |

11. | RELATED PARTY DISCLOSURES

| Synergy Vision Holdings Limited, the company's parent company received dividends from the company during the year totalling £250,017 (2024: £609,985). The amount due from Synergy Vision Holdings Limited was £92,390 (2024: £77,390).

| Synergy Vision Limited and SVRX Limited are the subsidiaries of Synergy Vision Holdings Limited. During the year, Synergy Vision Limited provided services of £492,650 (2024: £277,160) to SVRX Limited. At the year end an amount of £86,415 (2024: £307,962) was due to SVRX Limited from Synergy Vision Limited.

| Synergy Vision (Asia Pacific) PTY Limited is a subsidiary of Synergy Vision Limited. During the year Synergy Vision Limited provided services of £789,951 (2024: £529,690) to Synergy Vision (Asia Pacific) PTY Limited. During the year Synergy Vision (Asia Pacific) PTY Limited provided services of £71,519 (2024: £101,535) to Synergy Vision Limited. At the year end an amount of £265,106 (2024: £290,803) was due from Synergy Vision (Asia Pacific) PTY Limited to Synergy Vision Limited.

12. | PARENT COMPANY

| The ultimate parent company is Synergy Vision Trustees Limited, a company incorporated in England and Wales, registration number 13193672. Its registered office is 55 Loudoun Road, St. John's Wood, London, United Kingdom, NW8 0DL.