REGISTERED NUMBER: 01006886 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SYNERGY HOLDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P M Brown

H M H Brown

D P Brown

REGISTERED OFFICE:

5th Floor,

Palladium House

1-4 Argyll Street

London

W1F 7TA

REGISTERED NUMBER:

01006886 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

FIXED ASSETS

Property, plant and equipment

5

1,526

1,159

Investments

6

11,427,758

11,269,729

11,429,284

11,270,888

CURRENT ASSETS

Debtors

7

238

7,808

Cash at bank

421,719

403,135

421,957

410,943

CREDITORS

Amounts falling due within one year

8

(5,157,801

)

(5,143,013

)

NET CURRENT LIABILITIES

(4,735,844

)

(4,732,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,693,440

6,538,818

PROVISIONS FOR LIABILITIES

10

(221,000

)

(225,000

)

NET ASSETS

6,472,440

6,313,818

CAPITAL AND RESERVES

Called up share capital

11

100

100

Capital redemption reserve

12

425,000

425,000

Retained earnings

12

6,047,340

5,888,718

SHAREHOLDERS' FUNDS

6,472,440

6,313,818

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.

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 17 December 2025 and were signed on its behalf by:

H M H Brown - Director

1.	STATUTORY INFORMATION

Synergy Holdings 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 statement is Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

At the balance sheet the company had net current liabilities of £4,735,844 which includes amounts owed of £5,109,800 to the directors of the company. The directors have confirmed that they will not seek full repayment of these loan balances to the detriment of the company within 12 months of the date of these accounts. Any partial repayments of the loan balances will be approved by all directors. The financial statements have therefore been prepared on a going concern basis.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long-term liabilities as current assets and liabilities.

Property plant & equipment

Property, plant and equipment are initially measured at cost (or deemed cost) and are subsequently measured at cost or valuation, net of depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration.

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

Computer equipment over 4 years

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 statement of financial position date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

The financial statements are presented in sterling which is also the the functional currency of the company.

Transactions in currencies other than the functional currency (foreign currencies) are initially recorded at the

exchange rate at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the reporting date.

All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

Investments

Listed investment

Listed investments relate to equity investments and are recognised initially at fair value which is normally the transaction price (but excludes any transaction costs, where the investment is subsequently measured at fair value through profit and loss).

Subsequently, they are measured at fair value through profit or loss except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably which are recognised at cost less impairment until a reliable measure of fair value becomes available. If a reliable measure of fair value is no longer available, the equity instrument’s fair value on the last date the instrument was reliably measurable is treated as the cost of the instrument.

Unlisted investment

Unlisted equity investments which are not subsidiaries, associates or joint ventures whose fair values cannot be measured reliably are measured at cost less impairment.

Financial instruments

Other financial assets

Listed equity investments which are not subsidiaries, associates or joint ventures are initially measured at transaction price and subsequently carried at fair value and the changes in fair value are recognised in profit or loss.

Unlisted equity investments in subsidiaries, associates or joint ventures are measured at cost less impairment.

Bank balances, are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

Other financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade and other creditors, accruals, director loans and amounts owed to group undertakings are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Equity instruments

The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

14,562

1,236

15,798

Additions

-

877

877

At 31 March 2025

14,562

2,113

16,675

DEPRECIATION

At 1 April 2024

14,562

77

14,639

Charge for year

-

510

510

At 31 March 2025

14,562

587

15,149

NET BOOK VALUE

At 31 March 2025

-

1,526

1,526

At 31 March 2024

-

1,159

1,159

6.	FIXED ASSET INVESTMENTS

Shares in

group

Listed

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

112,472

11,268,729

11,381,201

Additions

-

3,556,129

3,556,129

Disposals

-

(3,392,621

)

(3,392,621

)

Revaluations

-

(5,479

)

(5,479

)

At 31 March 2025

112,472

11,426,758

11,539,230

PROVISIONS

At 1 April 2024

and 31 March 2025

111,472

-

111,472

NET BOOK VALUE

At 31 March 2025

1,000

11,426,758

11,427,758

At 31 March 2024

1,000

11,268,729

11,269,729

Cost or valuation at 31 March 2025 is represented by:

Shares in

group

Listed

undertakings

investments

Totals

£

£

£

Valuation in 2025

-

883,204

883,204

Cost

112,472

10,543,554

10,656,026

112,472

11,426,758

11,539,230

If listed investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

10,568,926

10,097,041

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

CSTM Limited ( formerly Enterprise Dynamics Limited)

Registered office: 5th Floor, Palladium House, 1-4 Argyll Street, London WF 7TA

Nature of business: Dormant

%

Class of shares:

holding

Ordinary shares of £1

100.00

2025

2024

£

£

Aggregate capital and reserves

1,000

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

238

194

Directors' loan accounts

-

7,614

238

7,808

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,000

1,000

Corporation tax

13,000

-

Social security and other taxes

2,441

2,339

Other creditors

2,640

-

Directors' loan accounts

5,109,800

5,106,500

Accruals & deferred income

28,920

33,174

5,157,801

5,143,013

Amounts owed to the directors are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

9.	FINANCIAL INSTRUMENTS

The company has the following financial instruments:

2025

2024

£

£

Financial assets at fair value through profit or loss

- Listed investments

11,426,758

11,268,729

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Revaluation of listed investments

221,000

225,000

Deferred

tax

£

Balance at 1 April 2024

225,000

Credit to Income Statement during year

(4,000

)

Balance at 31 March 2025

221,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

The company's profit and loss represents the accumulated fair value gains net of deferred tax liability in respect of listed investments totalling £637,084.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P M Brown

Balance outstanding at start of year

7,614

(830,786

)

Amounts advanced

-

838,400

Amounts repaid

(7,614

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

7,614