Company Registration No. 13124291 (England and Wales)
VARANG PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 January 2025
VARANG PROPERTIES LIMITED
Statement of financial position
as at 31 January 2025
Tangible assets
290,000
290,000
Cash at bank and in hand
362,628
4,539
Creditors: amounts falling due within one year
(620,564)
(273,221)
Net current liabilities
(257,936)
(268,682)
Total assets less current liabilities
32,064
21,318
Provisions for liabilities
Deferred tax
(3,046)
(3,046)
Called up share capital
10
10
Profit and loss account
29,008
18,262
Shareholders' funds
29,018
18,272
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2025 and were signed on its behalf by
Prabhu Ram Neupane
Director
Company Registration No. 13124291
VARANG PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 January 2025
VARANG PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13124291. The registered office is 25 Wayside Mews, Maidenhead, SL6 7EJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
18%
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2024
290,000
400
290,400
At 31 January 2025
290,000
400
290,400
At 1 February 2024
-
400
400
At 31 January 2025
-
400
400
At 31 January 2025
290,000
-
290,000
At 31 January 2024
290,000
-
290,000
VARANG PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 January 2025
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,521
1,238
Other creditors
460,116
101,816
Loans from directors
152,097
164,097
6
Average number of employees
During the year the average number of employees was 1 (2024: 0).