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REGISTERED NUMBER: 14405465 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 OCTOBER 2022 TO 31 MARCH 2024

FOR

FINE ARTS EVOLUTION (UK) LTD
T/A
EVOLUTION HEALTH AND BEAUTY

FINE ARTS EVOLUTION (UK) LTD (REGISTERED NUMBER: 14405465)
T/A EVOLUTION HEALTH AND BEAUTY

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 OCTOBER 2022 TO 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


FINE ARTS EVOLUTION (UK) LTD (REGISTERED NUMBER: 14405465)
T/A EVOLUTION HEALTH AND BEAUTY

BALANCE SHEET
31 MARCH 2024

Notes £    £   
Fixed assets
Tangible assets 4 664

Current assets
Debtors 5 1,582
Cash at bank 210
1,792
Creditors
Amounts falling due within one year 6 1,282
Net current assets 510
Total assets less current liabilities 1,174

Provisions for liabilities 7 126
Net assets 1,048

Capital and reserves
Called up share capital 8 100
Retained earnings 948
Shareholders' funds 1,048

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:





Dr I A Sosa - Director


FINE ARTS EVOLUTION (UK) LTD (REGISTERED NUMBER: 14405465)
T/A EVOLUTION HEALTH AND BEAUTY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 OCTOBER 2022 TO 31 MARCH 2024


1. Statutory information

Fine Arts Evolution (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14405465. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 109 Queens Park Avenue, Bournemouth, Dorset. BH8 9HA

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.

Turnover
Turnover represents invoices raised in respect of commission from the sale of artwork.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the period was 1 .

FINE ARTS EVOLUTION (UK) LTD (REGISTERED NUMBER: 14405465)
T/A EVOLUTION HEALTH AND BEAUTY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 OCTOBER 2022 TO 31 MARCH 2024


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
Additions 750 279 1,029
At 31 March 2024 750 279 1,029
Depreciation
Charge for period 266 99 365
At 31 March 2024 266 99 365
Net book value
At 31 March 2024 484 180 664

5. Debtors: amounts falling due within one year
£   
Directors' current accounts 1,582

6. Creditors: amounts falling due within one year
£   
Tax 88
Accruals and deferred income 1,194
1,282

7. Provisions for liabilities
£   
Deferred tax 126

Deferred
tax
£   
Provided during period 126
Balance at 31 March 2024 126

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

FINE ARTS EVOLUTION (UK) LTD (REGISTERED NUMBER: 14405465)
T/A EVOLUTION HEALTH AND BEAUTY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 OCTOBER 2022 TO 31 MARCH 2024


9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 31 March 2024:

£   
Dr I A Sosa
Balance outstanding at start of period -
Amounts advanced 1,582
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 1,582

At the balance sheet date the Director owed the company £1,582. The amount outstanding at the balance sheet date was repaid in full within 9 months of the period end.

10. Ultimate controlling party

The Company is under the control of the Director, by virtue of their 100% holding of the issued voting share capital of the Company