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REGISTERED NUMBER: SC651459 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

EVOLVE DEVELOPMENTS (GLASGOW) LTD

EVOLVE DEVELOPMENTS (GLASGOW) LTD (REGISTERED NUMBER: SC651459)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EVOLVE DEVELOPMENTS (GLASGOW) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Martin Coyle
Stuart Johnston
Scott Weir





REGISTERED OFFICE: 1147 Cathcart Road
Glasgow
G42 9HB





REGISTERED NUMBER: SC651459 (Scotland)





ACCOUNTANTS: William Duncan (UK) Limited
Chartered Accountants
4d Auchingramont Road
Hamilton
ML3 6JT

EVOLVE DEVELOPMENTS (GLASGOW) LTD (REGISTERED NUMBER: SC651459)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Debtors 4 2,254 2,254

CREDITORS
Amounts falling due within one year 5 2,530 2,530
NET CURRENT LIABILITIES (276 ) (276 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(276

)

(276

)

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (279 ) (279 )
(276 ) (276 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 18 April 2024 and were signed on its behalf by:





Scott Weir - Director


EVOLVE DEVELOPMENTS (GLASGOW) LTD (REGISTERED NUMBER: SC651459)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Evolve Developments (Glasgow) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the statement of financial position.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

EVOLVE DEVELOPMENTS (GLASGOW) LTD (REGISTERED NUMBER: SC651459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Going concern
At the statement of financial position date, the company's liabilities exceeded its total assets by £276. In order to meet its day to day working capital requirements, the company requires the continuing support of its director.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

If the company was unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise.

The director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

Going concern
In common with most businesses the company is facing potential issues in respect of the COVID-19 pandemic. This is an ongoing situation and the company is adopting a strategy to manage the ever changing situation as effectively as possible. The directors are satisfied that these events do not affect the company's ability to continue as a going concern and this basis is appropriate for the preparation of the accounts.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Directors' loan 2,254 2,254

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 780 780
Accrued charges 1,750 1,750
2,530 2,530

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Scott Weir
Balance outstanding at start of year 593 593
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 593

EVOLVE DEVELOPMENTS (GLASGOW) LTD (REGISTERED NUMBER: SC651459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Stuart Johnston
Balance outstanding at start of year 594 594
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 594

Martin Coyle
Balance outstanding at start of year 593 594
Amounts advanced - (1 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 593

John Taylor
Balance outstanding at start of year 594 594
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 594

The above balances, which are due from the directors, are interest free, unsecured and have no fixed repayment term.