REGISTERED NUMBER: 04870330 (England and Wales)

EVOLUTION CARE PROPERTY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S J Jones

REGISTERED OFFICE:

232 Hall Street

Warrington

Cheshire

WA1 2BW

REGISTERED NUMBER:

04870330 (England and Wales)

AUDITORS:

Murray Smith LLP

Chartered Accountants

Statutory Auditors

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

FIXED ASSETS

Investment property

4

2,225,000

1,891,667

CURRENT ASSETS

Debtors

5

235

51,338

CREDITORS

Amounts falling due within one year

6

204,070

386,946

NET CURRENT LIABILITIES

(203,835

)

(335,608

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,021,165

1,556,059

CREDITORS

Amounts falling due after more than one year

7

(351,565

)

(417,399

)

PROVISIONS FOR LIABILITIES

(224,635

)

(107,095

)

NET ASSETS

1,444,965

1,031,565

CAPITAL AND RESERVES

Called up share capital

9

2

2

Profit and loss account

1,444,963

1,031,563

SHAREHOLDERS' FUNDS

1,444,965

1,031,565

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 director and authorised for issue on 26 September 2025 and were signed by:

Mrs S J Jones - Director

1.	STATUTORY INFORMATION

Evolution Care Property Ltd 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 the 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.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial assets and liabilities are initially recognised at the transaction price unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future payments discounted at a market rate of interest.

Such assets and liabilities are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,891,667

Disposals

(166,667

)

Revaluations

500,000

At 31 December 2024

2,225,000

NET BOOK VALUE

At 31 December 2024

2,225,000

At 31 December 2023

1,891,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

235

350

Prepayments

-

50,988

235

51,338

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

55,338

44,841

Trade creditors

-

845

Amounts owed to group undertakings

134,300

334,918

Corporation tax

10,266

2,342

Accrued expenses

4,166

4,000

204,070

386,946

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans due in 1 to 5 years

221,350

179,365

Bank loans due more than 5 yrs

130,215

238,034

351,565

417,399

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due more than 5 yrs

130,215

238,034

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

406,903

462,240

The bank holds a first legal charge over the property owned by the company, together with fixed and floating charges over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Williams (Senior Statutory Auditor)

for and on behalf of Murray Smith LLP

11.	CONTINGENT LIABILITIES

The company has guaranteed the bank borrowings of Kalgarth Grange Nursery School Ltd, which amounted to £21,218 at the year end (2023: £31,218). This cross guarantee is secured by a debenture creating a fixed and floating charge over the assets of the company.

12.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Helium Miracle 157 Limited. The registered office and principal place of business of the parent company is 232 Hall Street, Warrington, Cheshire, WA1 2BW.