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VARCHIONE PROPERTY CO. LTD

Registered Number
09065019
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2025

VARCHIONE PROPERTY CO. LTD
Company Information
for the year from 1 July 2024 to 30 June 2025

Directors | GHAMAR, Sandra Nicola
| MONTESDEOCA, Giulia
| VARCHIONE, Anna Maria

Company Secretary | MONTESDEOCA, Giulia

Registered Address | 7 Barrett's Green Road
| London
| NW10 7AE

Registered Number | 09065019 (England and Wales)

VARCHIONE PROPERTY CO. LTD
Statement of Financial Position
30 June 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Investment property | 3 |  |  | 3,850,000 |  |  |  | 3,850,000
|  |  |  | 3,850,000 |  |  |  | 3,850,000
Current assets |  |  |  |  |  |  |  |
Debtors | 4 | 103,885 |  |  |  | 88,468 |  |
|  | 103,885 |  |  |  | 88,468 |  |
Creditors amounts falling due within one year | 5 | (72,674) |  |  |  | (82,941) |  |
Net current assets (liabilities) |  |  |  | 31,211 |  |  |  | 5,527
Total assets less current liabilities |  |  |  | 3,881,211 |  |  |  | 3,855,527
Creditors amounts falling due after one year | 6 |  |  | (1,294,959) |  |  |  | (1,298,920)
Provisions for liabilities | 7 |  |  | (451,374) |  |  |  | (431,297)
Net assets |  |  |  | 2,134,878 |  |  |  | 2,125,310
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Revaluation reserve |  |  |  | 1,509,066 |  |  |  | 1,529,143
Profit and loss account |  |  |  | 625,712 |  |  |  | 596,067
Shareholders' funds | 8 |  |  | 2,134,878 |  |  |  | 2,125,310

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 March 2026, and are signed on its behalf by:
GHAMAR, Sandra Nicola Director
MONTESDEOCA, Giulia Director
VARCHIONE, Anna Maria Director Registered Company No. 09065019

VARCHIONE PROPERTY CO. LTD
Notes to the Financial Statements
for the year ended 30 June 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| 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
--- | ---
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 3 |  | 3

3. | Investment property
--- | ---
| The directors believe the fair value of the investment property has not changed materially from the last independent valuation carried out by Fletcher King in March 2022. This has been arrived at on the basis of a valuation carried out at 30 June 2025 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

|  | £
| Fair value at 01 July 24 | 3,850,000
| At 30 June 25 | 3,850,000

4. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 93,763 |  | 88,368
| Other debtors | 10,122 |  | 100
| Total | 103,885 |  | 88,468

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 62,742 |  | 64,271
| Taxation and social security | 7,627 |  | 16,514
| Other creditors | 2,305 |  | 2,156
| Total | 72,674 |  | 82,941

| Included within creditors, Natwest bank mortgage of £62,739 (2024- £62,739) is secured by a first legal charge over the property known as 7 Barratts Green Road London, NW10 7AE.

6. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 712,292 |  | 760,745
| Other creditors | 582,667 |  | 538,175
| Total | 1,294,959 |  | 1,298,920

| Included within creditors, Natwest bank mortgage of £712,291 (2024- £760,745) is secured by a first legal charge over the property known as 7 Barratts Green Road, London, NW10 7AE.

7. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 451,374 |  | 431,297
| Total | 451,374 |  | 431,297

8. | Revaluation reserve
--- | ---

|  | £
| Reserve at 01 July 24 | 1,529,143
| Deferred Tax on Revaluations | (20,077)
| At 30 June 25 | 1,509,066