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REGISTERED NUMBER: 10056975 (England and Wales)















VARIETY 46 LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2023






VARIETY 46 LIMITED (REGISTERED NUMBER: 10056975)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VARIETY 46 LIMITED

Company Information
for the year ended 31 March 2023







DIRECTOR: C Wilson





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 10056975 (England and Wales)






VARIETY 46 LIMITED (REGISTERED NUMBER: 10056975)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209,099 171,425

CURRENT ASSETS
Stocks 1,162,052 956,397
Debtors 5 204,230 261,595
Cash at bank 6,676 70
1,372,958 1,218,062
CREDITORS
Amounts falling due within one year 6 1,084,889 903,561
NET CURRENT ASSETS 288,069 314,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,168

485,926

CREDITORS
Amounts falling due after more than one year 7 (2,146 ) (27,543 )

PROVISIONS FOR LIABILITIES (39,729 ) (32,571 )
NET ASSETS 455,293 425,812

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 455,093 425,612
SHAREHOLDERS' FUNDS 455,293 425,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VARIETY 46 LIMITED (REGISTERED NUMBER: 10056975)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





C Wilson - Director


VARIETY 46 LIMITED (REGISTERED NUMBER: 10056975)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Variety 46 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.

Significant judgements and estimates
The Directors have to use their expertise in the property market to identify properties which may be suitable for development and to the use their skill and expertise in estimating the likely costs and achievable realisable value of the finished property for resale.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock of property is valued at the cost price of the initial purchase plus all development costs to the balance sheet date. Consideration is then given to the estimate ed realisable value of the property and any necessary provisions made to reflect the lower of cost or net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

VARIETY 46 LIMITED (REGISTERED NUMBER: 10056975)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 266,340
Additions 144,563
Disposals (109,500 )
At 31 March 2023 301,403
DEPRECIATION
At 1 April 2022 94,915
Charge for year 48,389
Eliminated on disposal (51,000 )
At 31 March 2023 92,304
NET BOOK VALUE
At 31 March 2023 209,099
At 31 March 2022 171,425

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 85,855
DEPRECIATION
At 1 April 2022 22,134
Charge for year 15,931
At 31 March 2023 38,065
NET BOOK VALUE
At 31 March 2023 47,790
At 31 March 2022 63,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 21,133 -
Amounts owed by group undertakings 183,000 261,595
Other debtors 97 -
204,230 261,595

VARIETY 46 LIMITED (REGISTERED NUMBER: 10056975)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Hire purchase contracts 25,756 26,116
Trade creditors 122,768 94,349
Amounts owed to group undertakings 52,181 -
Amounts owed to participating interests 683,081 483,081
Taxation and social security 84,758 103,780
Other creditors 116,345 196,235
1,084,889 903,561

The Directors loan accounts are not subject to any formal loan agreements and are therefore treated as repayable on demand. They are not subject to any interest charge nor any set repayment date.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Hire purchase contracts 2,146 27,543

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Beehive Developments Limited and recognises that entity as its ultimate controlling party.