I should have reported this back sooner, but it completely slipped my mind.
Do you have any RGB lights on your system and, if so, how do you control them? I had this exact same issue occur and what I found was that a piece of software, controlling the RGB lights on my system, was preventing the system from going into sleep. What I had to do was to completely uninstal the controller software, set up the screen saver / timeout parameters, and then reinstall the controller software.
The way I discovered the issue was by using msconfig to disable all startup apps (except Microsoft/Windows ones) and then restart them one by one until the issue reveals its ugly head. Unfortunately, this can be a long and tedious task, but if you're lucky, as I was, you'll find the offending app quite quickly. There shouldn't be a need to system restart after starting each app, unless they are a service or require a service to run; I would leave these apps until the end, as long as you know which ones they are.
Remember. Once you have disabled them all, AND RESTARTED YOUR SYSTEM, you need to reset the screen saver timers (I would set it to1 minute during the testing phase) and only then start each disabled program/app in turn.
I hope this helps.