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REGISTERED NUMBER: 13228448 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

CACTUS EVOLUTION LIMITED

CACTUS EVOLUTION LIMITED (REGISTERED NUMBER: 13228448)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CACTUS EVOLUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTORS: K P Crosswaite
S P Mulryan





REGISTERED OFFICE: 137 Hall Street
Stockport
SK1 4HE





REGISTERED NUMBER: 13228448 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

CACTUS EVOLUTION LIMITED (REGISTERED NUMBER: 13228448)

BALANCE SHEET
30 MARCH 2024

30/3/24 30/3/23
Notes £    £    £   
FIXED ASSETS
Investment property 4 629,207 601,544

CURRENT ASSETS
Debtors 5 909 7,325
Cash at bank and in hand 47,229 10,869
48,138 18,194
CREDITORS
Amounts falling due within one year 6 393,202 279,594
NET CURRENT LIABILITIES (345,064 ) (261,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,143

340,144

CREDITORS
Amounts falling due after more than one
year

7

289,193

353,268
NET LIABILITIES (5,050 ) (13,124 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (5,052 ) (13,126 )
SHAREHOLDERS' FUNDS (5,050 ) (13,124 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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.

CACTUS EVOLUTION LIMITED (REGISTERED NUMBER: 13228448)

BALANCE SHEET - continued
30 MARCH 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:




K P Crosswaite - Director



S P Mulryan - Director


CACTUS EVOLUTION LIMITED (REGISTERED NUMBER: 13228448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

1. STATUTORY INFORMATION

Cactus Evolution Limited 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 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.

Going Concern
During the year the company met its working capital requirements through financial assistance provided by the company's directors. The directors have indicated that they will continue to provide the financial support considered necessary and have no intention of withdrawing their support until the company has improved its position. The directors consider that with their continued support and a significant improvement in trading conditions the company will return to profitability and will continue in operational existence for the foreseeable future. On this basis the directors are of the opinion that it is appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

CACTUS EVOLUTION LIMITED (REGISTERED NUMBER: 13228448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023 601,544
Additions 27,663
At 30 March 2024 629,207
NET BOOK VALUE
At 30 March 2024 629,207
At 30 March 2023 601,544

In the opinion of the director, the current carrying value of the company's investment property is equal to its fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/3/24 30/3/23
£    £   
Amounts owed by group undertakings - 7,325
Other debtors 909 -
909 7,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/3/24 30/3/23
£    £   
Amounts owed to group undertakings 33,702 -
Taxation and social security 13,887 5,832
Other creditors 345,613 273,762
393,202 279,594

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/3/24 30/3/23
£    £   
Other creditors 289,193 353,268

8. SECURED DEBTS

The following secured debts are included within creditors:

30/3/24 30/3/23
£    £   
Other loans 349,193 413,268

CACTUS EVOLUTION LIMITED (REGISTERED NUMBER: 13228448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/3/24 30/3/23
value: £    £   
2 Ordinary £1 2 2