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VARCHIONE PROPERTY CO. LTD

Registered Number
09065019
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

VARCHIONE PROPERTY CO. LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

GHAMAR, Sandra Nicola
MONTESDEOCA, Giulia
VARCHIONE, Anna Maria

Company Secretary

MONTESDEOCA, Giulia

Registered Address

7 Barrett's Green Road
London
NW10 7AE

Registered Number

09065019 (England and Wales)
VARCHIONE PROPERTY CO. LTD
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property33,850,0003,850,000
3,850,0003,850,000
Current assets
Debtors488,46882,064
88,46882,064
Creditors amounts falling due within one year5(82,941)(152,481)
Net current assets (liabilities)5,527(70,417)
Total assets less current liabilities3,855,5273,779,583
Creditors amounts falling due after one year6(1,298,920)(1,242,815)
Provisions for liabilities7(431,297)(431,297)
Net assets2,125,3102,105,471
Capital and reserves
Called up share capital100100
Revaluation reserve1,529,1431,529,143
Profit and loss account596,067576,228
Shareholders' funds82,125,3102,105,471
The financial statements were approved and authorised for issue by the Board of Directors on 4 March 2025, and are signed on its behalf by:
GHAMAR, Sandra Nicola
Director
MONTESDEOCA, Giulia
Director
VARCHIONE, Anna Maria
Director

Registered Company No. 09065019
VARCHIONE PROPERTY CO. LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year33
3.Investment property
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the external independent valuers as at March 2022

£
Fair value at 01 July 233,850,000
At 30 June 243,850,000
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables88,36881,964
Other debtors100100
Total88,46882,064
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts64,27162,743
Taxation and social security16,51420,164
Other creditors2,15669,574
Total82,941152,481
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts760,745804,810
Other creditors538,175438,005
Total1,298,9201,242,815
Included within creditors, bank mortgage of £823,484 is secured by a first legal charge over the property known as 7 Barratts Green Road, London, NW10 7A
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)431,297431,297
Total431,297431,297
8.Revaluation reserve

£
Reserve at 01 July 231,529,143
At 30 June 241,529,143