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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
Page
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EVO REAL ESTATE LIMITED Company Information for the year ended 31 July 2023
Director
Mr.Bhavik PATEL
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
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EVO REAL ESTATE LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
670,000 
669,000 
Investments
310,103 
85,100 
980,103 
754,100 
Current assets
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 
Capital and reserves
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
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EVO REAL ESTATE LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
669,000 
Net gain from fair value adjustments
1,000 
At 31 July 2023
670,000 
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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 
Additions
225,003 
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 
Other creditors
500 
50 
Loans from directors
192,037 
286,104 
Accruals
2,223 
2,223 
197,412 
289,945 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
410,385 
239,807 
Other creditors
223,389 
99,070 
633,774 
338,877 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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