Variety Property LLP

	Page
LLP Information	1
Accountant's Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—6

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Accountant's Report

For The Year Ended 31 March 2026

Accountant's Report

Chartered Accountant's report to the partners on the preparation of the unaudited statutory accounts of Variety Property LLP for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, I have prepared for your approval the accounts of Variety Property LLP for the year ended 31 March 2026 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the partners of Variety Property LLP, as a body, in accordance with the terms of our engagement letter dated 23 April 2026. Our work has been undertaken solely to prepare for your approval the accounts of Variety Property LLP and state those matters that we have agreed to state to the partners of Variety Property LLP, as a body, in this report in accordance with AAF 2/10 as detailed at ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Variety Property LLP and its partners, as a body, for our work or for this report.

It is your duty to ensure that Variety Property LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Variety Property LLP. You consider that Variety Property LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Variety Property LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

ERC Accountants and Business Advisers Ltd

28 August 2026

ERC Accountants & Business Advisers Limited

Chartered Accountants

Hanover Buildings

11-13 Hanover Street

Liverpool

Merseyside

L1 3DN

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Variety Property LLP

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: OC359138

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		60,342		38,624

			60,342		38,624
CURRENT ASSETS
Debtors	5	108,930		98,140
Cash at bank and in hand		23,624		57,967

		132,554		156,107
Creditors: Amounts Falling Due Within One Year	6	(11,026 )		(10,492 )

NET CURRENT ASSETS (LIABILITIES)			121,528		145,615

TOTAL ASSETS LESS CURRENT LIABILITIES			181,870		184,239

NET ASSETS ATTRIBUTABLE TO MEMBERS			181,870		184,239

REPRESENTED BY:
Equity
Members' other interests
Other reserves		181,870		184,239

			181,870		184,239

TOTAL MEMBERS' INTEREST
Members' other interests			181,870		184,239

			181,870		184,239

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Variety Property LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr B J Hitchen

Designated Member

28 August 2026

The notes on pages 5 to 6 form part of these financial statements.

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Variety Property LLP

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Variety Property LLP is a limited liability partnership, incorporated in England & Wales, registered number OC359138 . The Registered Office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% Reducing balance

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2025: 2)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2025	86,200
Additions	46,582
Disposals	(25,980 )

As at 31 March 2026	106,802

Depreciation
As at 1 April 2025	47,576
Provided during the period	20,114
Disposals	(21,230 )

As at 31 March 2026	46,460

Net Book Value
As at 31 March 2026	60,342

As at 1 April 2025	38,624

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Variety Property LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	7,110	2,292
Other debtors	101,820	95,848

	108,930	98,140

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	104	453
Other creditors	8,001	7,272
Accruals and deferred income	2,921	2,767

	11,026	10,492

7. Related Party Transactions

During the year advances of £38,332 (2025: £66,831) were provided to a company under common control of which £32,360 (2025: £10,324) has been repaid. At the balance sheet date the amounts due from this company totalled £101,820 (2025: £95,848).

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Designated Members	Mr B J Hitchen
	Mr J H Hitchen

LLP Registration Number	OC359138

Registered Office	Hanover Buildings
	11-13 Hanover Street
	Liverpool
	Merseyside
	L1 3DN

Accountants	ERC Accountants & Business Advisers Limited
	Chartered Accountants
	Hanover Buildings
	11-13 Hanover Street
	Liverpool
	Merseyside
	L1 3DN