Vivir Estates Limited - Filleted accounts

Registered number

11866047

Vivir Estates Limited

Filleted Accounts

31 March 2025

Vivir Estates Limited
Registered number:		11866047
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Stocks		4,977,726			182,426
Debtors	3	100			38,953
Cash at bank and in hand		337,075			12,819
		5,314,901			234,198

Creditors: amounts falling due within one year	4	(510,690)			(245,259)

Net current assets/(liabilities)			4,804,211			(11,061)

Total assets less current liabilities			4,804,211			(11,061)

Creditors: amounts falling due after more than one year	5		(5,186,688)			-



Net liabilities			(382,477)			(11,061)

Capital and reserves
Called up share capital			100			3
Profit and loss account			(382,577)			(11,064)

Shareholders' funds			(382,477)			(11,061)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr E Fitzsimmons
Director
Approved by the board on 12 September 2025

Vivir Estates Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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).

	Going concern
	The company has net liabilities. The company is reliant on the support of the directors. On the basis that the directors will continue to support the reporting entity for the forseeable future, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the directors.


	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.









	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.




2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2025		2024
£			£

	Other debtors	100		38,953


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	507,832		14,112
	Taxation and social security costs	2,810		-
	Other creditors	48		231,147
		510,690		245,259


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	4,292,088		-
	Other creditors	894,600		-
		5,186,688		-


6	Loans	2025		2024
£			£
	Creditors include:

	Secured bank loans	4,292,087		-

	Hampshire Trust Bank PLC have a charge over the land and property known as Southbourne Cross Roads Car Park, Bournemouth.


7	Related party transactions

	Vivir Properties Limited, a company of which Mr E Fitzsimmons is a shareholder is owed NIL at 31/3/25 (2024 £181,970). Glen Elgin Group Ltd, a shareholder of Vivir Estates Ltd is owed £105,000 at 31/3/25 (2024 £30,000). Edward Fitzsimmons & Associates Ltd, a company of which Mr E Fitzsimmons is a shareholder is owed NIL at 31/3/25 (2024 £377). Luka Homes Ltd of which Mr D James is a director is owed £350,000 at 31/3/25 (2024 NIL).


8	Other information

	Vivir Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	21 Whitecliff Road
	Poole
	BH14 8DU