ACCOUNTS - Final Accounts preparation

Registered number: 15413014

VIVA INVESTMENT PROPERTY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2025

VIVA INVESTMENT PROPERTY LIMITED

REGISTERED NUMBER: 15413014

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025
Note		£

Fixed assets
Investment property	4		520,539
			520,539
Current assets
Cash at bank and in hand	5	155,726
		155,726
Creditors: amounts falling due within one year	6	(352,311)
Net current (liabilities)/assets			(196,585)
Total assets less current liabilities			323,954
Creditors: amounts falling due after more than one year	7		(349,757)

Net (liabilities)/assets			(25,803)

Capital and reserves
Called up share capital	9	100
Profit and loss account		(25,903)
		(25,803)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Ibrahim Erdogmus

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VIVA INVESTMENT PROPERTY LIMITED

REGISTERED NUMBER: 15413014

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

Director

Date: 14 January 2026

The notes on pages 3 to 6 form part of these financial statements.

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VIVA INVESTMENT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

1.	General information

VIVA INVESTMENT PROPERTY LIMITED is a private company limited by share capital, incorporated in England and Wales, registration number 15413014. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

2.3

Revenue

Rental income from investment properties is recognised on a straight-line basis over the term of the
lease. The revenue recognition commences when the tenant take possession or controls the
physical use of the lease space.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.6

Investment property

Investment property is carried at fair value determined annually by the Director and derived from the
current market rents and investment property yields for comparable real estate, adjusted if
necessary for any difference in the nature, location or condition of the specific asset. No depreciation
is provided. Changes in fair value are recognised in profit or loss.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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VIVA INVESTMENT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 1.

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	520,539
	At 31 January 2025	520,539

The 2025 valuations were made by director, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

5.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	155,726
		155,726

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VIVA INVESTMENT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

6.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	161
	Other creditors	352,150
		352,311

7.	Creditors: Amounts falling due after more than one year
		2025
		£

	Bank loans	349,757
		349,757

Bank loans totaling £349,757 at the year end are secured by way of charge over the company’s investment property.

8.	Loans
	Analysis of the maturity of loans is given below:
		2025
		£


	Amounts falling due after more than 5 years
	Bank loans	349,757
		349,757

9.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 ordinary shares of £1.00 each	100

100 Ordinary shares of £1 each have been allotted, called up and fully paid in the period.

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VIVA INVESTMENT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

10.	Related party transactions
	Included within Other Creditors due within less than 1 year is a loan amount of £350,250 due to a company under common control. The loan is unsecured, free of interest and repayable on demand.

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