0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 04749044 2024-05-01 2025-04-30 04749044 2025-04-30 04749044 2024-04-30 04749044 2023-05-01 2024-04-30 04749044 2024-04-30 04749044 2023-04-30 04749044 bus:Director2 2024-05-01 2025-04-30 04749044 core:WithinOneYear 2025-04-30 04749044 core:WithinOneYear 2024-04-30 04749044 core:ShareCapital 2025-04-30 04749044 core:ShareCapital 2024-04-30 04749044 core:RetainedEarningsAccumulatedLosses 2025-04-30 04749044 core:RetainedEarningsAccumulatedLosses 2024-04-30 04749044 core:CostValuation core:Non-currentFinancialInstruments 2025-04-30 04749044 core:Non-currentFinancialInstruments 2025-04-30 04749044 core:Non-currentFinancialInstruments 2024-04-30 04749044 bus:Director1 2024-05-01 2025-04-30 04749044 bus:SmallEntities 2024-05-01 2025-04-30 04749044 bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 04749044 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 04749044 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 04749044 bus:AbridgedAccounts 2024-05-01 2025-04-30
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
All of the members of Varna Properties Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 04749044
VARNA PROPERTIES LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2025
VARNA PROPERTIES LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
30 April 2025
2025
2024
Note
£
£
£
Fixed assets
Investments
4
259,586
259,586
Current assets
Cash at bank and in hand
10,538
6,551
Creditors: amounts falling due within one year
375,674
373,084
------------
------------
Net current liabilities
365,136
366,533
------------
------------
Total assets less current liabilities
( 105,550)
( 106,947)
------------
------------
Net liabilities
( 105,550)
( 106,947)
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 105,650)
( 107,047)
------------
------------
Shareholders deficit
( 105,550)
( 106,947)
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
VARNA PROPERTIES LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
30 April 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 3 June 2025 , and are signed on behalf of the board by:
DJ Hanby
Director
Company registration number: 04749044
VARNA PROPERTIES LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2025
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2. Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The members' attention is drawn to the deficit on the balance sheet. The financial statements have been prepared on a going concern basis as much of the company's deficit relates to monies owing to the directors personally.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
£
Cost
At 1 May 2024 and 30 April 2025
259,586
------------
Impairment
At 1 May 2024 and 30 April 2025
------------
Carrying amount
At 30 April 2025
259,586
------------
At 30 April 2024
259,586
------------
5. Related Party Transactions
There are no related party transactions requiring disclosure.