VARNA INVESTMENTS LIMITED

Company Registration Number:
NI676444 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

VARNA INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

VARNA INVESTMENTS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 4,300,000 2,500,000
Total fixed assets: 4,300,000 2,500,000
Current assets
Debtors:   43,433 41,629
Cash at bank and in hand: 43,024 45,916
Total current assets: 86,457 87,545
Creditors: amounts falling due within one year:   (596,769) (588,000)
Net current assets (liabilities): (510,312) (500,455)
Total assets less current liabilities: 3,789,688 1,999,545
Creditors: amounts falling due after more than one year:   (732,500) (787,500)
Provision for liabilities: (706,376) (256,376)
Total net assets (liabilities): 2,350,812 955,669
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,350,811 955,668
Shareholders funds: 2,350,812 955,669

The notes form part of these financial statements

VARNA INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 May 2024
and signed on behalf of the board by:

Name: Mr A J P Coulson
Status: Director

The notes form part of these financial statements

VARNA INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VARNA INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

VARNA INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 2,500,000
Revaluations 1,800,000
At 31 December 2023 4,300,000
Net book value
At 31 December 2023 4,300,000
At 31 December 2022 2,500,000

VARNA INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

The company has taken advantage of the exemption available under Section 33.1A of FRS 102 not to disclose transactions entered into between two or more wholly owned members of a group. Balances between all group companies are disclosed in the notes to the financial statements.