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REGISTERED NUMBER: 09391094 (England and Wales)















EVOLVE ASSETS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST JULY 2024






EVOLVE ASSETS LIMITED (REGISTERED NUMBER: 09391094)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVOLVE ASSETS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST JULY 2024







DIRECTORS: D W B Snow
E Vandyk
O J Vaughan





REGISTERED OFFICE: The Coach House
Stockcross House
Stockcross
Newbury
Berkshire
RG20 8LP





REGISTERED NUMBER: 09391094 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

EVOLVE ASSETS LIMITED (REGISTERED NUMBER: 09391094)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 496
Investments 5 - 81,505
- 82,001

CURRENT ASSETS
Debtors 6 139 5,483
Cash at bank 100 4,520
239 10,003
CREDITORS
Amounts falling due within one year 7 552 2,802
NET CURRENT (LIABILITIES)/ASSETS (313 ) 7,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

(313

)

89,202

CAPITAL AND RESERVES
Called up share capital 8 377,470 377,470
Share premium 77,139 77,139
Retained earnings (454,922 ) (365,407 )
SHAREHOLDERS' FUNDS (313 ) 89,202

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 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.

EVOLVE ASSETS LIMITED (REGISTERED NUMBER: 09391094)

BALANCE SHEET - continued
31ST JULY 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





E Vandyk - Director


EVOLVE ASSETS LIMITED (REGISTERED NUMBER: 09391094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST JULY 2024

1. STATUTORY INFORMATION

Evolve Assets 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
Investments
Investments held as fixed assets in non-convertible preference shares and non-puttable ordinary shares assets are measured at market value. Any increase or decrease in the market value of investments is recognised directly in the profit and loss account in the year.

Income from other investments together with any tax credit is recognised in the profit and loss account in the year it is receivable.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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 ASSETS LIMITED (REGISTERED NUMBER: 09391094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st February 2023 21,378
Disposals (21,378 )
At 31st July 2024 -
DEPRECIATION
At 1st February 2023 20,882
Charge for period 496
Eliminated on disposal (21,378 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st January 2023 496

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1st February 2023 1,818,270
Disposals (1,818,270 )
At 31st July 2024 -
PROVISIONS
At 1st February 2023 1,736,765

Provision written back (1,736,765 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st January 2023 81,505

EVOLVE ASSETS LIMITED (REGISTERED NUMBER: 09391094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 139 4,040
Prepayments - 1,443
139 5,483

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes - 408
Directors' current accounts 427 802
Accrued expenses 125 1,592
552 2,802

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
76,741,720 A Ordinary 0.1p 76,742 76,742

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
300,727,978 Share capital 1 0.1p 300,728 300,728

9. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the period end:
- O J Vaughan was owed £172 (2023 - £172).
- E Vandyk was owed £254 (2023 - £630).