Varis Properties Limited

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varis properties limited Company Information

Live

MatureSmallLow

Company Number

04463736

Website

Registered Address

12 the coppice, beardwood, blackburn, BB2 7BQ

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

Next Accounts Due

May 2025

Group Structure

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Directors

Usman Musa22 Years

Sehnaz Musa4 Years

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Shareholders

sehnaz usman musa 20%

usman ibrahim musa 20%

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varis properties limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of VARIS PROPERTIES LIMITED at £2.2m based on a Turnover of £952.8k and 2.34x industry multiple (adjusted for size and gross margin).

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Varis Properties Limited is a live company located in blackburn, BB2 7BQ with a Companies House number of 04463736. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2002, it's largest shareholder is sehnaz usman musa with a 20% stake. Varis Properties Limited is a mature, small sized company, Pomanda has estimated its turnover at £952.8k with low growth in recent years.

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Pomanda's financial health check has awarded Varis Properties Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £952.8k, make it in line with the average company (£836.3k)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (2.6%)

EXPORT

Varis Properties Limited's latest turnover from August 2023 is estimated at £952.8 thousand and the company has net assets of £875.7 thousand. According to their latest financial statements, Varis Properties Limited has 4 employees and maintains cash reserves of £267.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	952,813	423,905	758,798	932,539	722,482	914,877	799,175	256,081	158,695	456,855	402,826	1,071,398	113,957	125,645	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	667,419	303,206	547,583	653,633	507,784	630,237	538,101	171,896	112,511	330,340	295,268	781,009	82,736	87,178	0
Gross Profit	285,395	120,698	211,215	278,906	214,698	284,641	261,074	84,185	46,184	126,516	107,558	290,389	31,221	38,467	0
Admin Expenses	152,979	62,748	149,374	247,257	159,666	225,372	190,078	21,985	-7,650	98,497	79,135	228,903	-18,040	-45,577	-296,001
Operating Profit	132,416	57,950	61,841	31,649	55,032	59,269	70,996	62,200	53,834	28,019	28,423	61,486	49,261	84,044	296,001
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,797	739	0	0	0	0	105	220	543	685	705	532	0	0	144
Pre-Tax Profit	141,213	58,689	61,841	31,649	55,032	59,269	71,101	62,420	54,378	28,704	29,129	62,018	47,007	73,803	296,144
Tax	-35,303	-11,151	-11,750	-6,013	-10,456	-11,261	-13,509	-12,484	-10,875	-6,028	-6,700	-14,884	-10,276	-13,060	-82,920
Profit After Tax	105,910	47,538	50,091	25,636	44,576	48,008	57,592	49,936	43,502	22,676	22,429	47,134	36,731	60,743	213,224
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	105,910	47,538	50,091	25,636	44,576	48,008	57,592	49,936	43,502	22,676	22,429	47,134	36,731	60,743	213,224
Employee Costs	124,778	118,348	81,526	81,633	82,675	79,664	75,774	30,077	30,682	49,600	47,200	95,998	23,251	23,788	0
Number Of Employees	4	4	3	3	3	3	3	4	4	2	2	4	1	1	0
EBITDA*	132,416	57,950	61,841	31,649	55,032	59,269	70,996	65,590	57,263	33,076	34,074	68,451	55,792	92,522	302,005

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	1,556,368	1,432,697	1,369,121	1,362,243	1,351,361	1,336,866	1,338,360	1,336,591	1,323,341	1,319,639	1,218,579	1,218,522	1,168,760	1,159,711	1,140,733
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,556,368	1,432,697	1,369,121	1,362,243	1,351,361	1,336,866	1,338,360	1,336,591	1,323,341	1,319,639	1,218,579	1,218,522	1,168,760	1,159,711	1,140,733
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	246,929	67,757	214,948	228,292	149,708	169,396	139,092	0	0	14,735	10,733	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	267,410	84,474	0	0	0	0	0	83,834	91,803	125,416	148,432	133,674	79,139	70,957	57,510
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	514,339	152,231	214,948	228,292	149,708	169,396	139,092	83,834	91,803	140,151	159,165	133,674	79,139	70,957	57,510
total assets	2,070,707	1,584,928	1,584,069	1,590,535	1,501,069	1,506,262	1,477,452	1,420,425	1,415,144	1,459,790	1,377,744	1,352,196	1,247,899	1,230,668	1,198,243
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,194,881	815,012	861,691	918,248	854,418	904,187	923,385	0	860	1,056,753	997,383	994,264	4,977	0	984,919
Group/Directors Accounts	0	0	0	0	0	0	0	907,793	954,901	0	0	0	916,572	942,873	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	16,157	12,844	0	0	0	15,552	13,728	0
total current liabilities	1,194,881	815,012	861,691	918,248	854,418	904,187	923,385	923,950	968,605	1,056,753	997,383	994,264	937,101	956,601	984,919
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	100	100	100	100	100	100	100	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	100	100	100	100	100	100	100	0	0	0	0	0	0	0	0
total liabilities	1,194,981	815,112	861,791	918,348	854,518	904,287	923,485	923,950	968,605	1,056,753	997,383	994,264	937,101	956,601	984,919
net assets	875,726	769,816	722,278	672,187	646,551	601,975	553,967	496,475	446,539	403,037	380,361	357,932	310,798	274,067	213,324
total shareholders funds	875,726	769,816	722,278	672,187	646,551	601,975	553,967	496,475	446,539	403,037	380,361	357,932	310,798	274,067	213,324

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	132,416	57,950	61,841	31,649	55,032	59,269	70,996	62,200	53,834	28,019	28,423	61,486	49,261	84,044	296,001
Depreciation	0	0	0	0	0	0	0	3,390	3,429	5,057	5,651	6,965	6,531	8,478	6,004
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-35,303	-11,151	-11,750	-6,013	-10,456	-11,261	-13,509	-12,484	-10,875	-6,028	-6,700	-14,884	-10,276	-13,060	-82,920
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	179,172	-147,191	-13,344	78,584	-19,688	30,304	139,092	0	-14,735	4,002	10,733	0	0	0	0
Creditors	379,869	-46,679	-56,557	63,830	-49,769	-19,198	923,385	-860	-1,055,893	59,370	3,119	989,287	4,977	-984,919	984,919
Accruals and Deferred Income	0	0	0	0	0	0	-16,057	3,313	12,844	0	0	-15,552	1,824	13,728	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	297,810	147,311	6,878	10,882	14,495	-1,494	825,723	55,559	-981,926	82,416	19,760	1,027,302	52,317	-891,729	1,204,004
Investing Activities
capital expenditure	-123,671	-63,576	-6,878	-10,882	-14,495	1,494	-1,769	-16,640	-7,131	-106,117	-5,708	-56,727	-15,580	-27,456	-1,146,737
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-123,671	-63,576	-6,878	-10,882	-14,495	1,494	-1,769	-16,640	-7,131	-106,117	-5,708	-56,727	-15,580	-27,456	-1,146,737
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-907,793	-47,108	954,901	0	0	-916,572	-26,301	942,873	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	8,797	739	0	0	0	0	105	220	543	685	705	532	0	0	144
cash flow from financing	8,797	739	0	0	0	0	-907,788	-46,888	955,444	685	705	-916,040	-26,301	942,873	244
cash and cash equivalents
cash	182,936	84,474	0	0	0	0	-83,834	-7,969	-33,613	-23,016	14,758	54,535	8,182	13,447	57,510
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	182,936	84,474	0	0	0	0	-83,834	-7,969	-33,613	-23,016	14,758	54,535	8,182	13,447	57,510

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VARIS PROPERTIES LIMITED group structure

Varis Properties Limited has no subsidiary companies.

Ultimate parent company

VARIS PROPERTIES LIMITED

04463736

VARIS PROPERTIES LIMITED Shareholders

sehnaz usman musa	20%
usman ibrahim musa	20%
varis musa	14%
nafisa usman musa	14%
aakila musa	13%
nazmin musa	13%
david ibrahim musa	6%

Varis Properties Limited currently has 5 directors. The longest serving directors include Mr Usman Musa (Jun 2002) and Mrs Sehnaz Musa (Sep 2020).

officer	country	age	start	end	role
Mr Usman Musa	England	65 years	Jun 2002	-	Director
Mrs Sehnaz Musa		61 years	Sep 2020	-	Director
Mrs Nazmin Musa		34 years	Sep 2021	-	Director
Mr Varis Musa		32 years	Sep 2021	-	Director
Mrs Nafisa Musa		42 years	Sep 2021	-	Director

P&L

August 2023

turnover

952.8k

+125%

operating profit

132.4k

gross margin

30%

+5.2%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2023

net assets

875.7k

+0.14%

total assets

2.1m

+0.31%

cash

267.4k

+2.17%

net assets

Total assets minus all liabilities

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company number

04463736

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 2002

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

August 2023

address

12 the coppice, beardwood, blackburn, BB2 7BQ

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to varis properties limited.

varis properties limited Company Information

varis properties limited Estimated Valuation

varis properties limited Estimated Valuation

varis properties limited Estimated Valuation

Varis Properties Limited Overview

Varis Properties Limited Health Check

VARIS PROPERTIES LIMITED financials

varis properties limited Credit Report and Business Information

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varis properties limited Ownership

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