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REGISTERED NUMBER: 12842760 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

VARN LIMITED

| VARN LIMITED (REGISTERED NUMBER: 12842760) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| VARN LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | T C Vaughton

| Mrs E A Vaughton

| REGISTERED OFFICE: | The Old Brewery

| Newtown

| Bradford on Avon

| Wiltshire

| BA15 1NF

| REGISTERED NUMBER: | 12842760 (England and Wales)

| ACCOUNTANTS: | Andrew Cross & Co.

| Chartered Certified Accountants

| 6 Green Lane Business Park

| 238 Green Lane

| New Eltham

| London

| SE9 3TL

| VARN LIMITED (REGISTERED NUMBER: 12842760) |

BALANCE SHEET

31 AUGUST 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 345,000 |  | 286,945 |  |

CURRENT ASSETS

Stocks | - |  | 1,250 |  |

Cash at bank and in hand | 798 |  | 2,274 |  |

798 |  | 3,524 |  |

CREDITORS

Amounts falling due within one year | 5 | 928 |  | 791 |  |

NET CURRENT (LIABILITIES)/ASSETS | (130 | ) | 2,733 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 344,870 |  | 289,678 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (359,538 | ) | (357,390 | ) |

PROVISIONS FOR LIABILITIES | (14,514 | ) | - |  |

NET LIABILITIES | (29,182 | ) | (67,712 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Revaluation reserve | 8 | 43,542 |  | - |  |

Retained earnings | (72,824 | ) | (67,812 | ) |

SHAREHOLDERS' FUNDS | (29,182 | ) | (67,712 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

| VARN LIMITED (REGISTERED NUMBER: 12842760) |

BALANCE SHEET - continued

31 AUGUST 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

T C Vaughton - Director

| VARN LIMITED (REGISTERED NUMBER: 12842760) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| Varn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents services provided in the year together with the relevant proportion of work in progress at the year end date, exclusive of value added tax.

| Work in progress

| Work in progress is valued by taking account of the relevant proportion of sales invoices raised after the year end date, relating to services provided prior to the year end date.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 September 2024 | 286,945 |  |

| Revaluations | 58,055 |  |

| At 31 August 2025 | 345,000 |  |

| NET BOOK VALUE

| At 31 August 2025 | 345,000 |  |

| At 31 August 2024 | 286,945 |  |

| Fair value at 31 August 2025 is represented by:

£ |

| Valuation in 2024 | 286,945 |  |

| Valuation in 2025 | 58,055 |  |

345,000 |  |

| VARN LIMITED (REGISTERED NUMBER: 12842760) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 29 |  | (103 | ) |

| Other creditors | 899 |  | 894 |  |

928 |  | 791 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 359,538 |  | 357,390 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 50 | Ordinary A | £1 | 50 |  | 50 |  |

| 50 | Ordinary B | £1 | 50 |  | 50 |  |

100 |  | 100 |  |

8. | RESERVES

| Revaluation

| reserve

£ |

| Revaluation reserve | 43,542 |  |

| At 31 August 2025 | 43,542 |  |