VIVA HOTEL RESERVATIONS LTD

VIVA HOTEL RESERVATIONS LTD - Company Information

2019-12-012020-11-302020-11-30false09891056VIVA HOTEL RESERVATIONS LTD2021-09-1755900iso4217:GBPxbrli:pure098910562019-12-01098910562020-11-30098910562019-12-012020-11-30098910562018-12-01098910562019-11-30098910562018-12-012019-11-3009891056bus:SmallEntities2019-12-012020-11-3009891056bus:AuditExempt-NoAccountantsReport2019-12-012020-11-3009891056bus:AbridgedAccounts2019-12-012020-11-3009891056bus:PrivateLimitedCompanyLtd2019-12-012020-11-3009891056core:WithinOneYear2020-11-3009891056core:AfterOneYear2020-11-3009891056core:WithinOneYear2019-11-3009891056core:AfterOneYear2019-11-3009891056core:ShareCapital2020-11-3009891056core:SharePremium2020-11-3009891056core:RevaluationReserve2020-11-3009891056core:OtherReservesSubtotal2020-11-3009891056core:RetainedEarningsAccumulatedLosses2020-11-3009891056core:ShareCapital2019-11-3009891056core:SharePremium2019-11-3009891056core:RevaluationReserve2019-11-3009891056core:OtherReservesSubtotal2019-11-3009891056core:RetainedEarningsAccumulatedLosses2019-11-3009891056core:LandBuildings2020-11-3009891056core:PlantMachinery2020-11-3009891056core:Vehicles2020-11-3009891056core:FurnitureFittings2020-11-3009891056core:OfficeEquipment2020-11-3009891056core:NetGoodwill2020-11-3009891056core:IntangibleAssetsOtherThanGoodwill2020-11-3009891056core:ListedExchangeTraded2020-11-3009891056core:UnlistedNon-exchangeTraded2020-11-3009891056core:LandBuildings2019-11-3009891056core:PlantMachinery2019-11-3009891056core:Vehicles2019-11-3009891056core:FurnitureFittings2019-11-3009891056core:OfficeEquipment2019-11-3009891056core:NetGoodwill2019-11-3009891056core:IntangibleAssetsOtherThanGoodwill2019-11-3009891056core:ListedExchangeTraded2019-11-3009891056core:UnlistedNon-exchangeTraded2019-11-3009891056core:LandBuildings2019-12-012020-11-3009891056core:PlantMachinery2019-12-012020-11-3009891056core:Vehicles2019-12-012020-11-3009891056core:FurnitureFittings2019-12-012020-11-3009891056core:OfficeEquipment2019-12-012020-11-3009891056core:NetGoodwill2019-12-012020-11-3009891056core:IntangibleAssetsOtherThanGoodwill2019-12-012020-11-3009891056core:ListedExchangeTraded2019-12-012020-11-3009891056core:UnlistedNon-exchangeTraded2019-12-012020-11-3009891056core:MoreThanFiveYears2019-12-012020-11-3009891056core:Non-currentFinancialInstruments2020-11-3009891056core:Non-currentFinancialInstruments2019-11-3009891056dpl:CostSales2019-12-012020-11-3009891056dpl:DistributionCosts2019-12-012020-11-3009891056dpl:AdministrativeExpenses2019-12-012020-11-3009891056core:LandBuildings2019-12-012020-11-3009891056core:PlantMachinery2019-12-012020-11-3009891056core:Vehicles2019-12-012020-11-3009891056core:FurnitureFittings2019-12-012020-11-3009891056core:OfficeEquipment2019-12-012020-11-3009891056core:NetGoodwill2019-12-012020-11-3009891056core:IntangibleAssetsOtherThanGoodwill2019-12-012020-11-3009891056dpl:GroupUndertakings2019-12-012020-11-3009891056dpl:ParticipatingInterests2019-12-012020-11-3009891056dpl:GroupUndertakingscore:ListedExchangeTraded2019-12-012020-11-3009891056core:ListedExchangeTraded2019-12-012020-11-3009891056dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-12-012020-11-3009891056core:UnlistedNon-exchangeTraded2019-12-012020-11-3009891056dpl:CostSales2018-12-012019-11-3009891056dpl:DistributionCosts2018-12-012019-11-3009891056dpl:AdministrativeExpenses2018-12-012019-11-3009891056core:LandBuildings2018-12-012019-11-3009891056core:PlantMachinery2018-12-012019-11-3009891056core:Vehicles2018-12-012019-11-3009891056core:FurnitureFittings2018-12-012019-11-3009891056core:OfficeEquipment2018-12-012019-11-3009891056core:NetGoodwill2018-12-012019-11-3009891056core:IntangibleAssetsOtherThanGoodwill2018-12-012019-11-3009891056dpl:GroupUndertakings2018-12-012019-11-3009891056dpl:ParticipatingInterests2018-12-012019-11-3009891056dpl:GroupUndertakingscore:ListedExchangeTraded2018-12-012019-11-3009891056core:ListedExchangeTraded2018-12-012019-11-3009891056dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2018-12-012019-11-3009891056core:UnlistedNon-exchangeTraded2018-12-012019-11-3009891056core:NetGoodwill2020-11-3009891056core:IntangibleAssetsOtherThanGoodwill2020-11-3009891056core:LandBuildings2020-11-3009891056core:PlantMachinery2020-11-3009891056core:Vehicles2020-11-3009891056core:FurnitureFittings2020-11-3009891056core:OfficeEquipment2020-11-3009891056core:AfterOneYear2020-11-3009891056core:WithinOneYear2020-11-3009891056core:ListedExchangeTraded2020-11-3009891056core:UnlistedNon-exchangeTraded2020-11-3009891056core:ShareCapital2020-11-3009891056core:SharePremium2020-11-3009891056core:RevaluationReserve2020-11-3009891056core:OtherReservesSubtotal2020-11-3009891056core:RetainedEarningsAccumulatedLosses2020-11-3009891056core:NetGoodwill2019-11-3009891056core:IntangibleAssetsOtherThanGoodwill2019-11-3009891056core:LandBuildings2019-11-3009891056core:PlantMachinery2019-11-3009891056core:Vehicles2019-11-3009891056core:FurnitureFittings2019-11-3009891056core:OfficeEquipment2019-11-3009891056core:AfterOneYear2019-11-3009891056core:WithinOneYear2019-11-3009891056core:ListedExchangeTraded2019-11-3009891056core:UnlistedNon-exchangeTraded2019-11-3009891056core:ShareCapital2019-11-3009891056core:SharePremium2019-11-3009891056core:RevaluationReserve2019-11-3009891056core:OtherReservesSubtotal2019-11-3009891056core:RetainedEarningsAccumulatedLosses2019-11-3009891056core:NetGoodwill2018-12-0109891056core:IntangibleAssetsOtherThanGoodwill2018-12-0109891056core:LandBuildings2018-12-0109891056core:PlantMachinery2018-12-0109891056core:Vehicles2018-12-0109891056core:FurnitureFittings2018-12-0109891056core:OfficeEquipment2018-12-0109891056core:AfterOneYear2018-12-0109891056core:WithinOneYear2018-12-0109891056core:ListedExchangeTraded2018-12-0109891056core:UnlistedNon-exchangeTraded2018-12-0109891056core:ShareCapital2018-12-0109891056core:SharePremium2018-12-0109891056core:RevaluationReserve2018-12-0109891056core:OtherReservesSubtotal2018-12-0109891056core:RetainedEarningsAccumulatedLosses2018-12-0109891056core:AfterOneYear2019-12-012020-11-3009891056core:WithinOneYear2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:CostValuation2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2019-12-012020-11-3009891056core:Non-currentFinancialInstrumentscore:CostValuation2020-11-3009891056core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-11-3009891056core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-11-3009891056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-11-3009891056core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-11-3009891056core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-11-3009891056core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-11-3009891056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-11-3009891056core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-11-3009891056core:Non-currentFinancialInstrumentscore:CostValuation2019-11-3009891056core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2019-11-3009891056core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2019-11-3009891056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2019-11-3009891056core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2019-11-3009891056core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2019-11-3009891056core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2019-11-3009891056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2019-11-3009891056core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2019-11-3009891056bus:Director12019-12-012020-11-3009891056bus:Director22019-12-012020-11-30098910561bus:Director22019-12-01098910561bus:Director22019-12-012020-11-30098910561bus:Director22020-11-30098910562019-12-01098910562019-12-012020-11-30098910562020-11-30

Registered Number
09891056
(England and Wales)

Unaudited Financial Statements for the Year Ended
30 November 2020

VIVA HOTEL RESERVATIONS LTD

Company Information
for the year from 1 December 2019 to 30 November 2020


Directors	COOPER, Jonathan Rm
	THUKRAL, Raman


Registered Address	284 Water Road
	Wembley
	HA0 1HX


Registered Number	09891056 (England and Wales)

VIVA HOTEL RESERVATIONS LTD

Balance Sheet as at
30 November 2020

	Notes	2020		2019
		£	£	£	£
Fixed assets
Tangible assets	6		299		599
Investments	7		3,715,000		3,715,000
			3,715,299		3,715,599
Current assets
Debtors		361,782		244,349
Cash at bank and on hand		57,905		15,576
		419,687		259,925
Creditors amounts falling due within one year	11	(231,192)		(193,265)
Net current assets (liabilities)			188,495		66,660
Total assets less current liabilities			3,903,794		3,782,259
Creditors amounts falling due after one year	12		(2,185,051)		(2,196,475)
Provisions for liabilities			(267,165)		(267,165)
Net assets			1,451,578		1,318,619
Capital and reserves
Called up share capital			223		223
Profit and loss account			1,451,355		1,318,396
Shareholders' funds			1,451,578		1,318,619

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2021, and are signed on its behalf by:

THUKRAL, Raman
Director
Registered Company No. 09891056

VIVA HOTEL RESERVATIONS LTD

Notes to the Financial Statements
for the year ended 30 November 2020

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	BASIS OF MEASUREMENT USED IN FINANCIAL STATEMENTS
	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).

4.	ACCOUNTING POLICIES

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

		Straight line (years)
	Office Equipment	3

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Deferred tax policy
	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.

Deferred tax policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

5.	EMPLOYEE INFORMATION

		2020		2019
	Average number of employees during the year	-		-

6.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 December 19	899
	At 30 November 20	899
	Depreciation and impairment
	At 01 December 19	300
	Charge for year	300
	At 30 November 20	600
	Net book value
	At 30 November 20	299
	At 30 November 19	599

7.	FIXED ASSET INVESTMENTS
	Investment property comprises Units 2, 6, 8 and 9 Millars Brook, Molly Millars Lane, Wokingham, RG41 2AD. The investment properties are included in the financial statements at their valuation of £3,715,000. The original cost of the properties was £2,170,404. The properties were revalued as at 1st May 2019 at £3,715,000 by Jones Lang LaSalle on an open market value basis and the directors are of the opinion that there has been no significant change in the value subsequently.

FIXED ASSET INVESTMENTS

Investment property comprises Units 2, 6, 8 and 9 Millars Brook, Molly Millars Lane, Wokingham,
RG41 2AD. The investment properties are included in the financial statements at their valuation of
£3,715,000. The original cost of the properties was £2,170,404. The properties were revalued as
at 1st May 2019 at £3,715,000 by Jones Lang LaSalle on an open market value basis and the
directors are of the opinion that there has been no significant change in the value subsequently.

		Total £
	Cost or valuation
	At 01 December 19	3,715,000
	At 30 November 20	3,715,000
	Net book value
	At 30 November 20	3,715,000
	At 30 November 19	3,715,000

8.	DESCRIPTION OF NATURE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES
	During the year the company entered into the following transactions with related parties: Interest free loans received/repaid -£13,911 (2019: £13,911) Interest free loans advanced £100,864 (2019: £90,500) The following amounts were due to related parties at the reporting end date: £Nil (2019: £13,911) The following amounts were due from related parties at the reporting end date: £211,364 (2019: £110,500) Amounts owed to and owed by related parties are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

DESCRIPTION OF NATURE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES

During the year the company entered into the following transactions with related parties:
Interest free loans received/repaid -£13,911 (2019: £13,911)
Interest free loans advanced £100,864 (2019: £90,500)
The following amounts were due to related parties at the reporting end date: £Nil (2019: £13,911)
The following amounts were due from related parties at the reporting end date: £211,364 (2019: £110,500)
Amounts owed to and owed by related parties are unsecured, interest free, have no fixed date of
repayment and are repayable on demand.

9.	ADVANCES AND CREDITS TO DIRECTORS, INCLUDING TERMS AND INTEREST RATES

		Brought forward £		Amount advanced £		Amount repaid £		Carried forward £
	THUKRAL, Raman	79,038		12,641		0		91,679
		79,038		12,641		0		91,679

10.	DEBTORS WITHIN ONE YEAR
	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.

10.

DEBTORS WITHIN ONE YEAR

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.

	2020 £	2019 £
Trade debtors / trade receivables	2,243	-
Other debtors	359,539	244,349
Total	361,782	244,349

11.	CREDITORS WITHIN ONE YEAR
	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.

	2020 £	2019 £
Trade creditors / trade payables	3,201	5,742
Taxation and social security	61,047	45,714
Other creditors	166,944	141,809
Total	231,192	193,265

12.	CREDITORS AFTER ONE YEAR

		2020 £		2019 £
	Other creditors	2,185,051		2,196,475
	Total	2,185,051		2,196,475