Company registration number SC723673 (Scotland)
Evonium Homes Limited
Unaudited financial statements
for the year ended 29 February 2024
Pages for filing with registrar
Evonium Homes Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Evonium Homes Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Evonium Homes Limited for the year ended 29 February 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the board of directors of Evonium Homes Limited, as a body, in accordance with the terms of our engagement letter dated 13 June 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Evonium Homes Limited and state those matters that we have agreed to state to the board of directors of Evonium Homes Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evonium Homes Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Evonium Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Evonium Homes Limited. You consider that Evonium Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Evonium Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
19 November 2024
Evonium Homes Limited
Statement of financial position
as at 29 February 2024
29 February 2024
2
29 February 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Investment property
2
121,846
-
0
Current assets
Debtors
520
-
0
Cash at bank and in hand
21,206
74,915
21,726
74,915
Creditors: amounts falling due within one year
(70,780)
(900)
Net current (liabilities)/assets
(49,054)
74,015
Net assets
72,792
74,015
Capital and reserves
Called up share capital
75,000
75,000
Profit and loss reserves
(2,208)
(985)
Total equity
72,792
74,015

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Evonium Homes Limited
Statement of financial position (continued)
as at 29 February 2024
29 February 2024
3
The financial statements were approved by the board of directors and authorised for issue on 12 November 2024 and are signed on its behalf by:
Michael J. Hammond
Director
Company registration number SC723673 (Scotland)
Evonium Homes Limited
Notes to the financial statements
for the year ended 29 February 2024
4
1
Accounting policies
Company information

Evonium Homes Limited is a private company limited by shares incorporated in Scotland. The registered office is 28 Albyn Place, Aberdeen, AB10 1YL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2
Investment property
2024
£
Fair value
At 1 March 2023
-
0
Additions
121,846
At 29 February 2024
121,846

The investment property is carried at cost whilst under refurbishment.

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