Company Registration No. 06835705 (England and Wales)
SYNCHROGENIX EUROPE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
SYNCHROGENIX EUROPE LIMITED
COMPANY INFORMATION
Directors
Mr R A Aspbury
Mr W F Feehery
Mr M A Schemick
Mr R Traynor
Secretary
Mr R Traynor
Company number
06835705
Registered office
6th Floor One
London Wall
London
EC2Y 5EB
Accountants
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
SYNCHROGENIX EUROPE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SYNCHROGENIX EUROPE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
74,881
74,881
Net current assets
74,881
74,881
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
74,880
74,880
Total equity
74,881
74,881
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
T
he members have not required the company to obtain an audit of its financial statements for the year 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.
The financial statements were approved by the board of directors and authorised for issue on 19 September 2022 and are signed on its behalf by:
Mr M A Schemick
Director
Company Registration No. 06835705
SYNCHROGENIX EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
Synchrogenix Europe Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
6th Floor One, London Wall, London, EC2Y 5EB.
1.1
Accounting convention
These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
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.
1.2
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including
creditors
, bank loans, loans from
fellow group companies and preference shares that are classified as debt, 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
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities.
Trade creditors
are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
SYNCHROGENIX EUROPE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 3 -
1.3
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 4 (2020: 4
).
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
74,881
74,881
4
Reserves
The company's capital and reserves are as follows:
Called up share capital
Called up share capital represents the nominal value of shares issued. The shares are classed as Ordinary and they do not confer any rights of redemption.
Profit and loss account
Profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments.
5
Parent company
The immediate parent company is Synchrogenix Information Strategies Inc. a company incorporated in the United States of America.
The smallest group in which the results of the Company are consolidated is that headed by Synchrogenix Information Strategies LLC, a company
incorporated in the USA
.
A copy of
Synchrogenix Information Strategies LLC
group financial statements can be obtained from 2951 Centreville Road, Suite 100, Wilmington DE 19803 USA
.
The Company's ultimate parent company and
ultimate controlling party is Certara Inc. which is
incorporated in the USA.
A copy of Certara Inc. group financial statements can be obtained from 100 Overlook Center, Suite 101, Princeton, NJ 08540 USA.