Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 12560688 H P Osborne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12560688 2023-04-30 12560688 2024-04-30 12560688 2023-05-01 2024-04-30 12560688 frs-core:Non-currentFinancialInstruments 2024-04-30 12560688 frs-core:ComputerEquipment 2023-05-01 2024-04-30 12560688 frs-core:FurnitureFittings 2023-05-01 2024-04-30 12560688 frs-core:ShareCapital 2024-04-30 12560688 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12560688 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12560688 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 12560688 frs-bus:SmallEntities 2023-05-01 2024-04-30 12560688 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12560688 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12560688 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 12560688 frs-bus:Director1 2023-05-01 2024-04-30 12560688 frs-countries:EnglandWales 2023-05-01 2024-04-30 12560688 2022-04-30 12560688 2023-04-30 12560688 2022-05-01 2023-04-30 12560688 frs-core:Non-currentFinancialInstruments 2023-04-30 12560688 frs-core:ShareCapital 2023-04-30 12560688 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 12560688 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30
Registered number: 12560688
Evolve Company (Property) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 12560688
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,876 2,919
Investment Properties 5 747,816 489,035
749,692 491,954
CURRENT ASSETS
Stocks 20,700 -
Cash at bank and in hand 73,960 8,118
94,660 8,118
Creditors: Amounts Falling Due Within One Year (4,810 ) (1,340 )
NET CURRENT ASSETS (LIABILITIES) 89,850 6,778
TOTAL ASSETS LESS CURRENT LIABILITIES 839,542 498,732
Creditors: Amounts Falling Due After More Than One Year (757,475 ) (535,541 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,991 ) -
NET ASSETS/(LIABILITIES) 48,076 (36,809 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 101,974 -
Profit and Loss Account (53,998 ) (36,909 )
SHAREHOLDERS' FUNDS 48,076 (36,809)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
H P Osborne
Director
26 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Evolve Company (Property) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12560688 . The registered office is West Hoe House, West Hoe Lane, Bishops Waltham, Southampton, Hampshire, SO32 1DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 33.33% and 50% on cost
Computer Equipment 50% on cost
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 May 2023 5,739
Additions 620
As at 30 April 2024 6,359
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 May 2023 2,820
Provided during the period 1,663
As at 30 April 2024 4,483
Net Book Value
As at 30 April 2024 1,876
As at 1 May 2023 2,919
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 489,035
Additions 122,816
Fair value adjustments 135,965
As at 30 April 2024 747,816
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 611,851 489,035
Accumulated depreciation and impairment 19,561 9,781
Carrying amount 592,290 479,254
The investment properties have been valued by the director at their open market value.
6. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 473,897 415,541
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
8. Reserves
Fair Value Reserve
£
Movements in fair value reserve 101,974
As at 30 April 2024 101,974
Page 5