REGISTERED NUMBER: 00458256 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

EVANS ESTATES (TORQUAY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S E Johnston

D L Evans

SECRETARY:

Mrs S E Johnston

REGISTERED OFFICE:

11 Highfield Drive

Wembury

Plymouth

Devon

PL9 0EX

REGISTERED NUMBER:

00458256 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

295

347

Investment property

5

2,050,000

2,050,000

2,050,295

2,050,347

CURRENT ASSETS

Debtors

6

209,523

178,311

Cash at bank

67,932

40,342

277,455

218,653

CREDITORS

Amounts falling due within one year

7

6,115

9,249

NET CURRENT ASSETS

271,340

209,404

TOTAL ASSETS LESS CURRENT LIABILITIES

2,321,635

2,259,751

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,321,435

2,259,551

SHAREHOLDERS' FUNDS

2,321,635

2,259,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 19 August 2025 and were signed on its behalf by:

Mrs S E Johnston - Director

D L Evans - Director

1.	STATUTORY INFORMATION

Evans Estates (Torquay) 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value, net of value added tax and discounts, of rents received from tenants.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

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 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 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.

Employee succession trust

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the Company does not include the assets and liabilities of the Trust on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of the Trust and will not have control of the rights or other access to those present economic benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 6 April 2024

and 5 April 2025

6,315

DEPRECIATION

At 6 April 2024

5,968

Charge for year

52

At 5 April 2025

6,020

NET BOOK VALUE

At 5 April 2025

295

At 5 April 2024

347

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

2,050,000

NET BOOK VALUE

At 5 April 2025

2,050,000

At 5 April 2024

2,050,000

Fair value at 5 April 2025 is represented by:

£

Valuation in 1998

476,848

Valuation in 2006

700,000

Valuation in 2011

(90,000

)

Valuation in 2024

940,000

Cost

23,152

2,050,000

Investment property was valued on an open market basis on 11 September 2024 by Gargan and Hart Estate Agents .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Amounts owed by participating interests

161,000

125,239

Other debtors

33,842

33,841

Tax

9,556

14,106

Prepayments and accrued income

5,125

5,125

209,523

178,311

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Tax

206

-

Social security and other taxes

5,028

5,030

Other creditors

840

840

Directors' current accounts

41

3,379

6,115

9,249

8.	RELATED PARTY DISCLOSURES

Amounts owed by participating interests include a balance of £161,000 (2024: £125,239) due from Lockfield Limited.

In the year a loan of £33,841 was outstanding to T Evans, a son of the director D E Evans, (2024: £33,841). Interest is being charged on the loan at 2.25% per annum.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by The Evans Estates (Torquay) Ltd Employee Succession Trust, by virtue of the fact that the Trust owns more than 50% of the company's issued ordinary share capital.

10.	EMPLOYEE SUCCESSION TRUST

The Company has an Employee Succession Trust, The Evans Estates (Torquay) Ltd Employee Succession Trust.

The following persons have transferred the specified shares in the Company to the Trust.

Mary Evans gifted 8,400 Ordinary £0.01 shares

David Evans gifted 800 Ordinary £0.01 shares

Susan Johnston gifted 800 Ordinary £0.01 shares

Lockfield Ltd gifted 1 Ordinary £0.01 share

Under the terms of the trust deed the shareholders of the Company are excluded beneficiaries of the Trust such that the Trustees may not apply the Trust property for their benefit.