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VARENNES DEVELOPMENTS LIMITED

Registered Number
01928923
(England and Wales)

Unaudited Financial Statements for the Year ended
7 January 2025

VARENNES DEVELOPMENTS LIMITED
Company Information
for the year from 8 January 2024 to 7 January 2025

Directors

SATTERLY, Andrew John Lindesay
SATTERLY, Dominic Howard Lindesay
SATTERLY, James Andrew Lindesay
SATTERLY, Olga

Company Secretary

SATTERLY, Olga

Registered Address

Chestnut Field House
Chestnut Field
Rugby
CV21 2PD

Registered Number

01928923 (England and Wales)
VARENNES DEVELOPMENTS LIMITED
Balance Sheet as at
7 January 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Investment property31,400,0001,400,000
1,400,0001,400,000
Current assets
Debtors32,15363,942
Cash at bank and on hand17,31612,774
49,46976,716
Creditors amounts falling due within one year4(22,341)(19,724)
Net current assets (liabilities)27,12856,992
Total assets less current liabilities1,427,1281,456,992
Provisions for liabilities5(138,350)(138,350)
Net assets1,288,7781,318,642
Capital and reserves
Called up share capital100100
Revaluation reserve873,165873,165
Profit and loss account415,513445,377
Shareholders' funds1,288,7781,318,642
The financial statements were approved and authorised for issue by the Board of Directors on 28 August 2025, and are signed on its behalf by:
SATTERLY, Andrew John Lindesay
Director
Registered Company No. 01928923
VARENNES DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the year ended 7 January 2025

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20252024
Average number of employees during the year00
3.Investment property
Investment property comprises 10 residential properties and some garages. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 7 January 2021 by Mr A J Satterly. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties

£
Fair value at 08 January 241,400,000
At 07 January 251,400,000
4.Creditors: amounts due within one year

2025

2024

££
Taxation and social security16,69115,168
Other creditors3,0852,513
Accrued liabilities and deferred income2,5652,043
Total22,34119,724
5.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)138,350138,350
Total138,350138,350
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SATTERLY, Andrew John Lindesay63,942031,78932,153
63,942031,78932,153