Cher Varya Development Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 07046891

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		386,940		386,940

			386,940		386,940
CURRENT ASSETS
Debtors		2,422,779		2,198,649
Cash at bank and in hand		169,534		23,232

		2,592,313		2,221,881
Creditors: Amounts Falling Due Within One Year		(473,191 )		(190,430 )

NET CURRENT ASSETS (LIABILITIES)			2,119,122		2,031,451

TOTAL ASSETS LESS CURRENT LIABILITIES			2,506,062		2,418,391

NET ASSETS			2,506,062		2,418,391

CAPITAL AND RESERVES
Called up share capital	5		200		200
Profit and Loss Account			2,505,862		2,418,191

SHAREHOLDERS' FUNDS			2,506,062		2,418,391

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Cher Varya Development Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Leigh Ibbotson

Director

10th December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Cher Varya Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07046891 . The registered office is 5 Riverside House, Heron Way, Truro, Cornwall, TR1 2XN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Reducing balance

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Financial Instruments

Classification

The company holds the following financial instruments:

- Short-term trade and other debtors and creditors;

- Bank loans; and

- Cash and bank balance

All financial instruments and classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when in the cash of assets, the contractual rights to cash flows from the assetsexpire or substantially all the risks and rewards of ownership are transferred to another party, or in the cash of liabilities,when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and aresubsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, aftertaking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried atamortised cost using the effective interest method.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Cher Varya Development Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	386,940

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

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