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REGISTERED NUMBER: 11034594 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Perpetual Evolvement Limited

Perpetual Evolvement Limited (Registered number: 11034594)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Perpetual Evolvement Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr Yohei Kuroyanagi





REGISTERED OFFICE: Elizabeth House,8th Floor
54-58 High Street
Edgware
Middlesex
HA8 7TT





REGISTERED NUMBER: 11034594 (England and Wales)





ACCOUNTANTS: Elliot, Woolfe & Rose Ltd
Elizabeth House,
54-58 High Street, Edgware
London
HA8 7TT

Perpetual Evolvement Limited (Registered number: 11034594)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £ £
FIXED ASSETS
Tangible assets 4 1,135 2,004

CURRENT ASSETS
Debtors 5 570 570
Cash at bank 28,413 29,588
28,983 30,158
CREDITORS
Amounts falling due within one year 6 (22,457 ) (22,286 )
NET CURRENT ASSETS 6,526 7,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,661

9,876

PROVISIONS FOR LIABILITIES (216 ) (381 )
NET ASSETS 7,445 9,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,345 9,395
7,445 9,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 8 March 2024 and were signed by:





Mr Yohei Kuroyanagi - Director


Perpetual Evolvement Limited (Registered number: 11034594)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Perpetual Evolvement 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.
Office equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Perpetual Evolvement Limited (Registered number: 11034594)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1 November 2022 9,111
Additions 500
At 31 October 2023 9,611
DEPRECIATION
At 1 November 2022 7,107
Charge for year 1,369
At 31 October 2023 8,476
NET BOOK VALUE
At 31 October 2023 1,135
At 31 October 2022 2,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Other debtors 570 570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Trade creditors 645 646
Taxation and social security 547 471
Other creditors 21,265 21,169
22,457 22,286

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As the year end date, the director Mr Y Kuroyanagi had a credit balance £21,265 (2022: £21,169) on his director's loan account. This amount is interest free and is included in other creditors falling due within one year.

8. RELATED PARTY DISCLOSURES

During the year, the company paid dividends of £3,500 (2022:£3,500) to the director.

9. ULTIMATE CONTROLLING PARTY

The director, Mr Y Kuroyanagi is the ultimate controller by virtue of his shareholding in Perpetual Evolvement Limited.