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Registered number: 12560688
Evolve Company (Property) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 12560688
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 864 1,876
Investment Properties 5 1,145,000 747,816
1,145,864 749,692
CURRENT ASSETS
Stocks - 20,700
Debtors 158,140 78,438
Cash at bank and in hand 2,903 73,960
161,043 173,098
Creditors: Amounts Falling Due Within One Year (10,359 ) (4,810 )
NET CURRENT ASSETS (LIABILITIES) 150,684 168,288
TOTAL ASSETS LESS CURRENT LIABILITIES 1,296,548 917,980
Creditors: Amounts Falling Due After More Than One Year (1,142,906 ) (835,913 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (63,553 ) (33,991 )
NET ASSETS 90,089 48,076
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 190,658 101,974
Profit and Loss Account (100,669 ) (53,998 )
SHAREHOLDERS' FUNDS 90,089 48,076
Page 1
Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
H P Osborne
Director
13 January 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Evolve Company (Property) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12560688 . The registered office is West Hoe House, West Hoe Lane, Bishops Waltham, Southampton, Hampshire, SO32 1DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 33.33% and 50% on cost
Computer Equipment 50% on cost
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 May 2024 6,359
Additions 984
As at 30 April 2025 7,343
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 May 2024 4,483
Provided during the period 1,996
As at 30 April 2025 6,479
Net Book Value
As at 30 April 2025 864
As at 1 May 2024 1,876
5. Investment Property
2025
£
Fair Value
As at 1 May 2024 747,816
Additions 278,938
Fair value adjustments 118,246
As at 30 April 2025 1,145,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 890,789 611,851
Accumulated depreciation and impairment 37,378 19,561
Carrying amount 853,411 592,290
6. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 661,686 473,897
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
8. Reserves
Fair Value Reserve
£
As at 1 May 2024 101,974
Movements in fair value reserve 88,684
As at 30 April 2025 190,658
Page 5