REGISTERED NUMBER: 10184268 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

EVO PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A O Olaseinde

Miss H E Olaseinde

REGISTERED OFFICE:

129 Marston Road

Stafford

ST16 3BS

REGISTERED NUMBER:

10184268 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisors

Gethin House

36 Bond Street

Nuneaton

Warwickshire

CV11 4DA

FIXED ASSETS

Investments

4

150,000

150,000

Investment property

5

1,373,000

1,373,000

1,523,000

1,523,000

CURRENT ASSETS

Debtors

6

121,445

96,226

Cash at bank

49,100

25,575

170,545

121,801

CREDITORS

Amounts falling due within one year

7

850,995

850,891

NET CURRENT LIABILITIES

(680,450

)

(729,090

)

TOTAL ASSETS LESS CURRENT LIABILITIES

842,550

793,910

PROVISIONS FOR LIABILITIES

147,430

147,430

NET ASSETS

695,120

646,480

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

695,020

646,380

SHAREHOLDERS' FUNDS

695,120

646,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 3 December 2025 and were signed on its behalf by:

A O Olaseinde - Director

1.	STATUTORY INFORMATION

Evo Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The turnover comprises of income from lettings. Rental income from investment property leased out under operating leases is recognised in the statement of comprehensive income on a straight-line basis over the term of the lease.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value of £1,373,000.

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.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2024

and 31 May 2025

150,000

NET BOOK VALUE

At 31 May 2025

150,000

At 31 May 2024

150,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

1,373,000

NET BOOK VALUE

At 31 May 2025

1,373,000

At 31 May 2024

1,373,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2023

589,719

Cost

783,281

1,373,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

121,388

96,226

Prepayments

57

-

121,445

96,226

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

15,971

13,668

Directors' current accounts

832,438

831,638

Accruals and deferred income

2,586

5,585

850,995

850,891

8.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £121,132 (2024: £61,132) due from KBA Investments Ltd, a company connected via mutual directors. This loan is interest free with no set repayment terms.

Included within other debtors is an amount of £162 (2024: £35,000) due from O&B Property Ltd, a company connected via mutual directors. This loan is interest free with no set repayment terms.