REGISTERED NUMBER: OC385276 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Vario Partners LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

F J E McPherson

B R P Joseph

R Elliott

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

OC385276 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Investments

5

15,051

15,051

CURRENT ASSETS

Debtors

6

472

49

Cash at bank

6,240

9,026

6,712

9,075

CREDITORS

Amounts falling due within one year

7

(4,983

)

(3,845

)

NET CURRENT ASSETS

1,729

5,230

TOTAL ASSETS LESS CURRENT LIABILITIES

16,780

20,281

CREDITORS

Amounts falling due after more than one year

8

(6,621

)

(6,621

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

10,159

13,660

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

10,159

13,660

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

10,159

13,660

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 September 2025 and were signed by:

R Elliott - Designated member

1.	STATUTORY INFORMATION

Vario Partners LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions which affect the amounts reported for assets and liabilities as at the period end date and the amounts reported for revenues and expenses during the period. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. However, the nature of the estimation means that actual outcomes could differ from these estimates.

The members consider there to be no critical judgements, estimates and assumptions used in the preparation of these financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Taxation

The taxation payable on any partnership profits is solely the personal liability of the individual members and consequently neither partnership taxation, nor related deferred taxation arising in respect of the partnership, are accounted for in these financial statements.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - 5 ).

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

15,051

Net book value

At 31 December 2024

15,051

At 31 December 2023

15,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

49

49

Amounts owed by group undertakings

423

-

472

49

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

1,004

176

Amounts owed to group undertakings

2,929

2,689

Other creditors

1,050

980

4,983

3,845

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Other creditors

6,621

6,621

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, any amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.