IRIS Accounts Production v24.2.0.383 04870330 director 1.1.23 31.12.23 31.12.23 25.9.24 0 0 false true false false true false Auditors Opinion Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048703302022-12-31048703302023-12-31048703302023-01-012023-12-31048703302021-12-31048703302022-01-012022-12-31048703302022-12-3104870330ns15:EnglandWales2023-01-012023-12-3104870330ns14:PoundSterling2023-01-012023-12-3104870330ns10:Director12023-01-012023-12-3104870330ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104870330ns10:SmallEntities2023-01-012023-12-3104870330ns10:Audited2023-01-012023-12-3104870330ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104870330ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104870330ns10:FullAccounts2023-01-012023-12-3104870330ns10:OrdinaryShareClass12023-01-012023-12-3104870330ns10:RegisteredOffice2023-01-012023-12-3104870330ns5:CurrentFinancialInstruments2023-12-3104870330ns5:CurrentFinancialInstruments2022-12-3104870330ns5:Non-currentFinancialInstruments2023-12-3104870330ns5:Non-currentFinancialInstruments2022-12-3104870330ns5:ShareCapital2023-12-3104870330ns5:ShareCapital2022-12-3104870330ns5:RetainedEarningsAccumulatedLosses2023-12-3104870330ns5:RetainedEarningsAccumulatedLosses2022-12-3104870330ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104870330ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104870330ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3104870330ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3104870330ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3104870330ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3104870330ns5:Secured2023-12-3104870330ns5:Secured2022-12-3104870330ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04870330 (England and Wales)















EVOLUTION CARE PROPERTY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






EVOLUTION CARE PROPERTY LTD (REGISTERED NUMBER: 04870330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EVOLUTION CARE PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs S J Jones





REGISTERED OFFICE: 232 Hall Street
Warrington
Cheshire
WA1 2BW





REGISTERED NUMBER: 04870330 (England and Wales)





AUDITORS: Murray Smith LLP
Chartered Accountants
Statutory Auditors
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

EVOLUTION CARE PROPERTY LTD (REGISTERED NUMBER: 04870330)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,891,667 1,925,000

CURRENT ASSETS
Debtors 5 51,338 -
Cash at bank - 33
51,338 33
CREDITORS
Amounts falling due within one year 6 386,946 330,925
NET CURRENT LIABILITIES (335,608 ) (330,892 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,556,059

1,594,108

CREDITORS
Amounts falling due after more than one
year

7

(417,399

)

(455,207

)

PROVISIONS FOR LIABILITIES (107,095 ) (137,453 )
NET ASSETS 1,031,565 1,001,448

CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and loss account 1,031,563 1,001,446
SHAREHOLDERS' FUNDS 1,031,565 1,001,448

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 director and authorised for issue on 23 September 2024 and were signed by:





Mrs S J Jones - Director


EVOLUTION CARE PROPERTY LTD (REGISTERED NUMBER: 04870330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Evolution Care Property Ltd 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 the 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 as modified by the revaluation of certain assets.

Investment property
Investment property is included at 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.

Financial instruments
Basic financial assets and liabilities are initially recognised at the transaction price unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future payments discounted at a market rate of interest.

Such assets and liabilities are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

EVOLUTION CARE PROPERTY LTD (REGISTERED NUMBER: 04870330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,925,000
Revaluations (33,333 )
At 31 December 2023 1,891,667
NET BOOK VALUE
At 31 December 2023 1,891,667
At 31 December 2022 1,925,000


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 350 -
Prepayments 50,988 -
51,338 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,841 51,874
Trade creditors 845 -
Amounts owed to group undertakings 334,918 263,183
Corporation tax 2,342 11,868
Accrued expenses 4,000 4,000
386,946 330,925

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans due in 1 to 5 years 179,365 207,496
Bank loans due more than 5 yrs 238,034 247,711
417,399 455,207

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due more than 5 yrs 238,034 247,711

EVOLUTION CARE PROPERTY LTD (REGISTERED NUMBER: 04870330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 462,240 507,081

The bank holds a first legal charge over the property owned by the company, together with fixed and floating charges over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Williams (Senior Statutory Auditor)
for and on behalf of Murray Smith LLP

11. CONTINGENT LIABILITIES

The company has guaranteed the bank borrowings of Kalgarth Grange Nursery School Ltd, which amounted to £31,218 at the year end (2022: £36,742). This cross guarantee is secured by a debenture creating a fixed and floating charge over the assets of the company.

12. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Helium Miracle 157 Limited. The registered office and principal place of business of the parent company is 232 Hall Street, Warrington, Cheshire, WA1 2BW.