Company Registration No. 12093653 (England and Wales)
EVO REAL ESTATE LIMITED
Unaudited accounts
for the year ended 31 July 2023
EVO REAL ESTATE LIMITED
Unaudited accounts
Contents
EVO REAL ESTATE LIMITED
Company Information
for the year ended 31 July 2023
Company Number
12093653 (England and Wales)
Registered Office
15B DOROTHY AVENUE
THURMASTON
LEICESTER
LE4 8AB
ENGLAND
Accountants
Farshan & Co
Accountants & Tax Advisers
Suite 1, 2 Britannia Street
Leicester
LE1 3LE
EVO REAL ESTATE LIMITED
Statement of financial position
as at 31 July 2023
Investment property
670,000
669,000
Investments
310,103
85,100
Cash at bank and in hand
2,576
13,910
Creditors: amounts falling due within one year
(197,412)
(289,945)
Net current liabilities
(194,836)
(276,035)
Total assets less current liabilities
785,267
478,065
Creditors: amounts falling due after more than one year
(633,774)
(338,877)
Provisions for liabilities
Deferred tax
(31,923)
(31,733)
Net assets
119,570
107,455
Called up share capital
100
100
Fair value reserve
96,200
95,200
Profit and loss account
23,270
12,155
Shareholders' funds
119,570
107,455
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2024 and were signed on its behalf by
Mr.Bhavik PATEL
Director
Company Registration No. 12093653
EVO REAL ESTATE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
EVO REAL ESTATE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12093653. The registered office is 15B DOROTHY AVENUE, THURMASTON, LEICESTER, LE4 8AB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 August 2022
669,000
Net gain from fair value adjustments
1,000
EVO REAL ESTATE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
5
Investments
Other investments
Valuation at 1 August 2022
85,100
Valuation at 31 July 2023
310,103
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,652
1,568
Loans from directors
192,037
286,104
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
410,385
239,807
Other creditors
223,389
99,070
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).