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REGISTERED NUMBER: 10184268 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

EVO PROPERTY LIMITED

EVO PROPERTY LIMITED (REGISTERED NUMBER: 10184268)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVO PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTORS: A O Olaseinde
Miss H E Olaseinde





REGISTERED OFFICE: 42/43 Marston Road
Stafford
ST16 3BT





REGISTERED NUMBER: 10184268 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

EVO PROPERTY LIMITED (REGISTERED NUMBER: 10184268)

BALANCE SHEET
31 MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 783,281 783,281
Investments 5 150,000 150,000
933,281 933,281

CURRENT ASSETS
Stocks - 215,130
Debtors 6 83,174 94
Cash at bank 48,798 159,138
131,972 374,362
CREDITORS
Amounts falling due within one year 7 961,448 1,258,088
NET CURRENT LIABILITIES (829,476 ) (883,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,805

49,555

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,705 49,455
SHAREHOLDERS' FUNDS 103,805 49,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EVO PROPERTY LIMITED (REGISTERED NUMBER: 10184268)

BALANCE SHEET - continued
31 MAY 2022


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





A O Olaseinde - Director


EVO PROPERTY LIMITED (REGISTERED NUMBER: 10184268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1. STATUTORY INFORMATION

Evo Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

EVO PROPERTY LIMITED (REGISTERED NUMBER: 10184268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 June 2021
and 31 May 2022 783,281
NET BOOK VALUE
At 31 May 2022 783,281
At 31 May 2021 783,281

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2021
and 31 May 2022 150,000
NET BOOK VALUE
At 31 May 2022 150,000
At 31 May 2021 150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 81,094 94
Prepayments 2,080 -
83,174 94

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Corporation tax 13,663 9,205
Other creditors 910,868 1,210,868
Directors' current accounts 31,137 32,609
Accruals and deferred income 5,780 5,406
961,448 1,258,088

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £910,868 (2021 - £1,210,868) due to KBA Investments Ltd, a company connected via mutual directors. This loan is interest free with no set repayment terms.

Included within other debtors is an amount of £81,000 (2021 - £Nil) due from O&B Property Ltd, a company connected via mutual directors. This loan is interest free with no set repayment terms.