VARIETY CHRISTMAS SAVINGS CLUB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Company registration number 01891449 (England and Wales)
PAGES FOR FILING WITH REGISTRAR
VARIETY CHRISTMAS SAVINGS CLUB LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
VARIETY CHRISTMAS SAVINGS CLUB LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
11,928
11,426
Investments
5
21,317
-
0
33,245
11,426
Current assets
Stocks
98,226
119,100
Debtors
6
359,688
367,153
Cash at bank and in hand
2,880,832
2,892,767
3,338,746
3,379,020
Creditors: amounts falling due within one year
7
(573,267)
(665,034)
Net current assets
2,765,479
2,713,986
Total assets less current liabilities
2,798,724
2,725,412
Provisions for liabilities
(2,631)
(2,631)
Net assets
2,796,093
2,722,781
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,795,993
2,722,681
Total equity
2,796,093
2,722,781

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 July 2026 and are signed on its behalf by:
Mr S A Polding
Director
Company registration number 01891449 (England and Wales)
VARIETY CHRISTMAS SAVINGS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Variety Christmas Savings Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bridge Street, Newton Le Willows, Merseyside, WA12 9BE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
16.66% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments
VARIETY CHRISTMAS SAVINGS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Fixed asset investments include non-current financial assets held by the company, including property-linked loan receivables secured by legal charges over residential property.

The company has advanced funds under a secured loan arrangement where the amount recoverable is linked to the market value or sale proceeds of the charged property. The amount recoverable is determined by reference to the proportion that the original advance bore to the original purchase price of the property.

Such property-linked loan receivables are not basic financial instruments, as the contractual return is exposed to movements in residential property values rather than being limited to repayment of principal and interest or other basic lending compensation. They are therefore accounted for as other financial instruments under FRS 102.

Property-linked loan receivables are recognised initially at fair value, normally being the transaction price. At each reporting date, they are remeasured to fair value, with any gains or losses arising on remeasurement recognised in the profit and loss account.

Fair value is estimated by reference to the current market value of the charged property, the contractual repayment formula, and, where material, adjustments for the expected timing of repayment, credit risk, enforceability of the security and other market participant assumptions relevant at the reporting date.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

VARIETY CHRISTMAS SAVINGS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

VARIETY CHRISTMAS SAVINGS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

VARIETY CHRISTMAS SAVINGS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
9
4
Tangible fixed assets
Plant and equipment
£
Cost
At 1 January 2025
32,088
Additions
2,889
At 31 December 2025
34,977
Depreciation and impairment
At 1 January 2025
20,662
Depreciation charged in the year
2,387
At 31 December 2025
23,049
Carrying amount
At 31 December 2025
11,928
At 31 December 2024
11,426
5
Fixed asset investments
2025
2024
£
£
Loans
21,317
-
0

During the year, following a review of the underlying legal documentation, an investment previously recognised by a related company under common control was identified as belonging to the company and was transferred accordingly. A fixed asset investment of £21,317 has therefore been recognised during the year.

VARIETY CHRISTMAS SAVINGS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Loans
£
Cost or valuation
At 1 January 2025
-
Additions
21,317
At 31 December 2025
21,317
Carrying amount
At 31 December 2025
21,317
At 31 December 2024
-
0
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
28,055
27,885
Other debtors
331,633
339,268
359,688
367,153
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
631
-
0
Corporation tax
4,412
105,775
Other taxation and social security
7,659
6,198
Other creditors
560,565
553,061
573,267
665,034
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

VARIETY CHRISTMAS SAVINGS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Audit report information
(Continued)
- 8 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Peter Buck FCA, DChA
Statutory Auditor:
Champion Accountants LLP
Date of audit report:
15 July 2026
9
Related party transactions

A company related by common control was at the year end owed £321,823 (2024: £292,563).

10
Directors' transactions

Dividends totalling £1,000 (2024 - £1,000) were paid in the year in respect of shares held by the company's directors.

Loans
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Directors' Loan Account
-
208,463
(500)
207,963
208,463
(500)
207,963
11
Non-audit services provided by auditor

In common with many businesses of our size and nature we use our auditor to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

2025-12-31 2025-01-01 false false false 15 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr S A Polding Mrs D J Kelly 01891449 2025-01-01 2025-12-31 01891449 2025-12-31 01891449 2024-12-31 01891449 core:PlantMachinery 2025-12-31 01891449 core:PlantMachinery 2024-12-31 01891449 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 01891449 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01891449 core:CurrentFinancialInstruments 2025-12-31 01891449 core:CurrentFinancialInstruments 2024-12-31 01891449 core:ShareCapital 2025-12-31 01891449 core:ShareCapital 2024-12-31 01891449 core:RetainedEarningsAccumulatedLosses 2025-12-31 01891449 core:RetainedEarningsAccumulatedLosses 2024-12-31 01891449 bus:Director1 2025-01-01 2025-12-31 01891449 core:PlantMachinery 2025-01-01 2025-12-31 01891449 2024-01-01 2024-12-31 01891449 core:PlantMachinery 2024-12-31 01891449 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01891449 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01891449 bus:FRS102 2025-01-01 2025-12-31 01891449 bus:Audited 2025-01-01 2025-12-31 01891449 bus:Director2 2025-01-01 2025-12-31 01891449 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP