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REGISTERED NUMBER: SC781790 (Scotland)















Unaudited Financial Statements

for the Period 7 September 2023 to 31 December 2024

for

Evolve Hospitality (Glasgow) Limited

Evolve Hospitality (Glasgow) Limited (Registered number: SC781790)

Contents of the Financial Statements
for the Period 7 September 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Evolve Hospitality (Glasgow) Limited

Company Information
for the Period 7 September 2023 to 31 December 2024







DIRECTORS: Narendra Patel
Vijay Kumar Sharma





REGISTERED OFFICE: The Moorings Hotel
Banavie, Fort William
Inverness-Shire
Scotland
PH33 7LY





REGISTERED NUMBER: SC781790 (Scotland)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Evolve Hospitality (Glasgow) Limited (Registered number: SC781790)

Balance Sheet
31 December 2024

Notes £   
FIXED ASSETS
Tangible assets 4 8,477,962
Investments 5 1
8,477,963

CURRENT ASSETS
Debtors 6 21,049
Cash at bank and in hand 66,206
87,255
CREDITORS
Amounts falling due within one year 7 (5,085,776 )
NET CURRENT LIABILITIES (4,998,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,479,442

CREDITORS
Amounts falling due after more than
one year

8

(3,650,980

)
NET LIABILITIES (171,538 )

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings (171,738 )
SHAREHOLDERS' FUNDS (171,538 )

Evolve Hospitality (Glasgow) Limited (Registered number: SC781790)

Balance Sheet - continued
31 December 2024


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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:




Vijay Kumar Sharma - Director



Narendra Patel - Director


Evolve Hospitality (Glasgow) Limited (Registered number: SC781790)

Notes to the Financial Statements
for the Period 7 September 2023 to 31 December 2024


1. STATUTORY INFORMATION

Evolve Hospitality (Glasgow) Limited is a private company, limited by shares , registered in Scotland. 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery etc - 20% 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Evolve Hospitality (Glasgow) Limited (Registered number: SC781790)

Notes to the Financial Statements - continued
for the Period 7 September 2023 to 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 7,937,272 800,000 8,737,272
At 31 December 2024 7,937,272 800,000 8,737,272
DEPRECIATION
Charge for period 85,977 173,333 259,310
At 31 December 2024 85,977 173,333 259,310
NET BOOK VALUE
At 31 December 2024 7,851,295 626,667 8,477,962

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1
At 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 21,049

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 90,898
Other creditors 4,994,878
5,085,776

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans 3,650,980

Evolve Hospitality (Glasgow) Limited (Registered number: SC781790)

Notes to the Financial Statements - continued
for the Period 7 September 2023 to 31 December 2024


9. RELATED PARTY DISCLOSURES

As of 31 December 2024, the company owed £2,261,739.10 to Relinquo Hospitality Limited. ('Relinquo')

As of 31 December 2024, the company owed £1,008 to Lochaber Hotels Limited. ('Lochaber')

As of 31 December 2024, the company owed £2,325,455.10 to Evolve Hospitality (Holdings) Limited. ('Evolve')

Mr. Narendra Patel was the director of Relinquo and Lochaber as at 31 December 2024.
Mr. Vijay Sharma was the director of Evolve as at 31 December 2024.

10. GOING CONCERN

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.