Registration number: 14009202

Varietea Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Varietea Limited

Company Information

Directors

Mr Song Wang Ms Xiao Zhang

Registered office

Office 1, Fifth Floor 21 Knightsbridge London SW1X 7LY

Accountants

Charter Tax Consulting Limited 8th Floor 1 Southampton Street London WC2R 0LR

Varietea Limited

(Registration number: 14009202)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	6,349	6,349
Tangible assets	5	572	1,333
		6,921	7,682
Current assets
Debtors	6	73,675	71,130
Cash at bank and in hand		169,254	26,641
		242,929	97,771
Creditors: Amounts falling due within one year	7	(884,510)	(533,908)
Net current liabilities		(641,581)	(436,137)
Net liabilities		(634,660)	(428,455)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(634,760)	(428,555)
Shareholders' deficit		(634,660)	(428,455)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

Ms Xiao Zhang Director

Varietea Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Office 1, Fifth Floor
21 Knightsbridge
London
SW1X 7LY
U.K.

These financial statements were authorised for issue by the Board on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	3 years, straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life of 10 years from the date in use.

Asset class	Amortisation method and rate
Trademark	10 Years Straight Line

Varietea Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Borrowings are initially recorded at fair value, net of transaction costs. The shareholder loan is non interest bearing,

Borrowings are classified as current liabilities as the company does not have a right to defer settlement of the liability for at least twelve months after the reporting date. The shareholder loan is payable on demand.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Varietea Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	6,349	6,349
At 31 March 2025	6,349	6,349
Amortisation
Carrying amount
At 31 March 2025	6,349	6,349
At 31 March 2024	6,349	6,349

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	2,284	2,284
At 31 March 2025	2,284	2,284
Depreciation
At 1 April 2024	951	951
Charge for the year	761	761
At 31 March 2025	1,712	1,712
Carrying amount
At 31 March 2025	572	572
At 31 March 2024	1,333	1,333

Varietea Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Prepayments	65,528	43,024
Other debtors	8,147	28,106
	73,675	71,130

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	(2,160)
Taxation and social security	2,127	3,401
Accruals	3,618	3,610
Other creditors	878,765	529,057
	884,510	533,908