VARENNES DEVELOPMENTS LIMITED


Directors	SATTERLY, Andrew John Lindesay
	SATTERLY, Dominic Howard Lindesay
	SATTERLY, James Andrew Lindesay
	SATTERLY, Olga Irene


Company Secretary	SATTERLY, Olga Irene


Registered Address	Chestnut Field House
	Chestnut Field
	Rugby
	CV21 2PD


Registered Number	01928923 (England and Wales)

Balance Sheet as at
7 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		1,400,000		1,400,000
			1,400,000		1,400,000
Current assets
Debtors		29,110		32,153
Cash at bank and on hand		11,839		17,316
		40,949		49,469
Creditors amounts falling due within one year	4	(25,438)		(22,341)
Net current assets (liabilities)			15,511		27,128
Total assets less current liabilities			1,415,511		1,427,128
Provisions for liabilities	5		(138,350)		(138,350)
Net assets			1,277,161		1,288,778
Capital and reserves
Called up share capital			100		100
Revaluation reserve			873,165		873,165
Profit and loss account			403,896		415,513
Shareholders' funds			1,277,161		1,288,778

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 18 August 2026, and are signed on its behalf by:

SATTERLY, Andrew John Lindesay
Director
Registered Company No. 01928923

VARENNES DEVELOPMENTS LIMITED

Notes to the Financial Statements
for the year ended 7 January 2026

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), modified to include the revaluation of investment property.

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

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Turnover represents net invoiced rents.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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.

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
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Investment property
	Investment property comprises 10 residential properties and some garages. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 7 January 2021 by Mr A J Satterly. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties


		£
	Fair value at 08 January 25	1,400,000
	At 07 January 26	1,400,000

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	19,015	16,691
Other creditors	3,663	3,085
Accrued liabilities and deferred income	2,760	2,565
Total	25,438	22,341

5.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	138,350	138,350
Total	138,350	138,350

6.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
SATTERLY, Andrew John Lindesay	32,153	50,457	53,500	29,110
	32,153	50,457	53,500	29,110