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Company Registration No. 13612299 (England and Wales)
Evolve Refurbishments Ltd Unaudited accounts for the year ended 30 September 2025
Evolve Refurbishments Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Evolve Refurbishments Ltd Company Information for the year ended 30 September 2025
Directors
Rebecca Rousseau Luke Rousseau
Company Number
13612299 (England and Wales)
Registered Office
2-4 Stoneleigh Park Road Epsom Surrey KT19 0QT England
Accountants
Hybrid Premium LTD 2-4 Stoneleigh Park Road Stoneleigh Epsom Surrey KT19 0QT
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Evolve Refurbishments Ltd Statement of financial position as at 30 September 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
4
859,500 
890,000 
Current assets
Debtors
5
7,214 
11,511 
Cash at bank and in hand
32,083 
16,513 
39,297 
28,024 
Creditors: amounts falling due within one year
6
(159,656)
(159,626)
Net current liabilities
(120,359)
(131,602)
Total assets less current liabilities
739,141 
758,398 
Creditors: amounts falling due after more than one year
7
(812,338)
(812,354)
Provisions for liabilities
Deferred tax
8
(4,767)
(12,392)
Net liabilities
(77,964)
(66,348)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(78,064)
(66,448)
Shareholders' funds
(77,964)
(66,348)
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by
Rebecca Rousseau Director Company Registration No. 13612299
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Evolve Refurbishments Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Evolve Refurbishments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13612299. The registered office is 2-4 Stoneleigh Park Road, Epsom, Surrey, KT19 0QT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Evolve Refurbishments Ltd Notes to the Accounts for the year ended 30 September 2025
Investment property
Investment property is included at market 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.
4
Investment property
2025 
£ 
Fair value at 1 October 2024
890,000 
Net loss from fair value adjustments
(30,500)
At 30 September 2025
859,500 
The investment properties are carried at fair value in accordance with FRS 102 Section 1A. The directors have reviewed the fair values at the year end. One property has been amended to reflect current market conditions, and the other remains unchanged from the previous year, as there has been no significant movement in value. The valuations are based on the directors’ assessment, having considered market data (including Zoopla estimates and comparable local sales) and an estate agent’s appraisal obtained at the prior year end. No formal RICS valuation has been obtained in the current year, as the directors consider the updated values to represent a reasonable estimate of fair value at the balance sheet date.
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
313 
160 
Other debtors
6,901 
11,351 
7,214 
11,511 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Loans from directors
157,068 
157,100 
Accruals
2,588 
2,526 
159,656 
159,626 
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Evolve Refurbishments Ltd Notes to the Accounts for the year ended 30 September 2025
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
592,338 
592,354 
Other creditors
220,000 
220,000 
812,338 
812,354 
At year-end the company owed. Pepper Mortgage £361,601.09 interest-only rate of 3.23% p.a for a 25-year term. The Mortgage Works £230,736.52 interest-only rate of 2.99% p.a for a 25-year term. The mortgages are secured against each investment property. At year-end, Evolve Refurbishments Ltd owed GB Solutions Maintenance Solutions Ltd £220,000.00. Loan 1 - £150,000, an unsecured loan for 25 years, interest-only rate of 2% Loan 2 - £50,0000, an unsecured loan for 25 years, interest-only rate of 2% Loan 2 - £20,000, an unsecured loan for 25 years, interest-only rate of 2.25%
8
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
4,767 
12,392 
2025 
2024 
£ 
£ 
Provision at start of year
12,392 
3,142 
(Credited)/charged to the profit and loss account
(7,625)
9,250 
Provision at end of year
4,767 
12,392 
9
Loans to directors
At company year-end, the directors were owed by the company £78,534 each.
10
Transactions with related parties
At year-end, Evolve Refurbishments Ltd owed GB Solutions Maintenance Solutions Ltd £220,000.00. Loan 1 - £150,000, an unsecured loan for 25 years, interest-only rate of 2% Loan 2 - £50,0000, an unsecured loan for 25 years, interest-only rate of 2% Loan 2 - £20,000, an unsecured loan for 25 years, interest-only rate of 2.25% GB Maintenance Solutions Ltd is 100% controlled by Mr and Mrs Rousseau.
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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