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Registered number: 12621743
Viva La Prop Ltd
Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12621743
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 840
Investment Properties 5 350,000 375,000
350,000 375,840
CURRENT ASSETS
Debtors 6 9,035 -
Cash at bank and in hand 9,554 3,253
18,589 3,253
Creditors: Amounts Falling Due Within One Year 7 (58,576 ) (49,918 )
NET CURRENT ASSETS (LIABILITIES) (39,987 ) (46,665 )
TOTAL ASSETS LESS CURRENT LIABILITIES 310,013 329,175
Creditors: Amounts Falling Due After More Than One Year 8 (251,200 ) (273,700 )
NET ASSETS 58,813 55,475
CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 118,250 143,250
Income Statement (59,439 ) (87,777 )
SHAREHOLDERS' FUNDS 58,813 55,475
Page 1
Page 2
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr M A Turner
Director
14 September 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Viva La Prop Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12621743 . The registered office is 3 Pegasus House, Pegasus Court, Olympus Avenue, Warwick, Warwickshire, CV34 6LW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Fixtures & Fittings 25% on cost
2.4. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 February 2025 4,510
As at 31 January 2026 4,510
Depreciation
As at 1 February 2025 3,670
Provided during the period 840
As at 31 January 2026 4,510
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2026 -
As at 1 February 2025 840
5. Investment Property
2026
£
Fair Value
As at 1 February 2025 375,000
Revaluations (25,000)
As at 31 January 2026 350,000
6. Debtors
2026 2025
£ £
Due within one year
Due after more than one year
Amounts owed by participating interests 9,035 -
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 665 677
Other creditors 57,911 49,241
58,576 49,918
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 251,200 251,200
Amounts owed to participating interests - 22,500
251,200 273,700
9. Ultimate Controlling Party
The ultimate controlling party is Mr M A Turner.
Page 4