REGISTERED NUMBER: |
EVOLVE ASSETS LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST JULY 2024 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Computer equipment | - |
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. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1st February 2023 |
Disposals | ( |
) |
At 31st July 2024 |
DEPRECIATION |
At 1st February 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st January 2023 |
5. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
COST |
At 1st February 2023 |
Disposals | ( |
) |
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 |
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 |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security and other taxes |
Directors' current accounts |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
A Ordinary | 0.1p | 76,742 | 76,742 |
Allotted and issued: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
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). |