Evolution Cove (Plymouth) Limited 08303860 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is buying and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 08303860 2023-01-01 2023-12-31 08303860 2023-12-31 08303860 core:CurrentFinancialInstruments 2023-12-31 08303860 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08303860 bus:SmallEntities 2023-01-01 2023-12-31 08303860 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08303860 bus:FullAccounts 2023-01-01 2023-12-31 08303860 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08303860 bus:RegisteredOffice 2023-01-01 2023-12-31 08303860 bus:Director1 2023-01-01 2023-12-31 08303860 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08303860 countries:England 2023-01-01 2023-12-31 08303860 2022-01-01 2022-12-31 08303860 2022-12-31 08303860 core:CurrentFinancialInstruments 2022-12-31 08303860 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08303860

Evolution Cove (Plymouth) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Evolution Cove (Plymouth) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Evolution Cove (Plymouth) Limited

Company Information

Director

Mr M D Edworthy

Registered office

Winslade House
Winslade Drive
Clyst St Mary
EX5 1FY

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Evolution Cove (Plymouth) Limited

(Registration number: 08303860)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

200

191,236

Cash at bank and in hand

 

337

78

 

537

191,314

Creditors: Amounts falling due within one year

5

(24,703)

(24,252)

Net (liabilities)/assets

 

(24,166)

167,062

Capital and reserves

 

Called up share capital

200

200

Retained earnings

(24,366)

166,862

Shareholders' (deficit)/funds

 

(24,166)

167,062

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to small companies subject to the small company regime and the option not to file the Statement of Income and Retained Earnings and the Directors report has been taken.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 23 September 2024
 

.........................................

Mr M D Edworthy

Director

 

Evolution Cove (Plymouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Winslade House
Winslade Drive
Clyst St Mary
EX5 1FY
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

As at the year end, the Company’s balance sheet shows an overall deficiency of assets of £24,166 (2022 - surplus of £167,062). Accordingly, the Directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The Directors and connected companies have continued to support the Company financially to enable the Company to realise its assets prior to closing and so accordingly, the accounts have been prepared on a going concern basis. The Directors have also reviewed the position for twelve months from the date the accounts were approved.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Debtors

Debtors are initially recognised at transaction price and subsequently reviewed for impairment.

 

Evolution Cove (Plymouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Creditors

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Debtors

2023
£

2022
£

Other debtors

200

191,236

200

191,236

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

1,201

Taxation and social security

9,548

9,066

Accruals and deferred income

863

13,985

Other creditors

14,292

-

24,703

24,252