Evolve Hospitality (Glasgow) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC781790

		31 December 2025		31 December 2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,875,053		8,075,692
Investments	5		1		1

			7,875,054		8,075,693
CURRENT ASSETS
Debtors		331,244		21,049
Cash at bank and in hand		5,320		66,206

		336,564		87,255
Creditors: Amounts Falling Due Within One Year		(4,677,469 )		(4,679,100 )

NET CURRENT ASSETS (LIABILITIES)			(4,340,905 )		(4,591,845 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,534,149		3,483,848

Creditors: Amounts Falling Due After More Than One Year			(3,588,193 )		(3,650,979 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(125,333 )		-

NET LIABILITIES			(179,377 )		(167,131 )

CAPITAL AND RESERVES
Called up share capital	6		200		200
Profit and Loss Account			(179,577 )		(167,331 )

SHAREHOLDERS' FUNDS			(179,377)		(167,131)

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Evolve Hospitality (Glasgow) Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

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.

On behalf of the board

Mr Vijay Sharma Director	Mr Narendra Patel Director
15/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Evolve Hospitality (Glasgow) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC781790 . The registered office is The Moorings Hotel, Banavie, Fort William, Inverness-Shire, Scotland, PH33 7LY.

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. The financial statements have been prepared under the historical cost convention.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

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

Accommodation revenue is recognised at the point of the customer staying in the room. Deposits received in advance of customer stays are treated as payments on account and recognised within creditors due within one year.

Revenue from food, beverage and other sales is recognised at the point of sale.

2.4. 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:

Freehold	1% on cost
Fixtures & Fittings	20% on reducing balance

2.5. Taxation

Taxation for the period 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.

...CONTINUED

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Evolve Hospitality (Glasgow) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

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 period 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.

2.6. Group accounts

The financial statements contain information about Evolve Hospitality (Glasgow) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2025	7,530,596	800,000	8,330,596

As at 31 December 2025	7,530,596	800,000	8,330,596

Depreciation
As at 1 January 2025	81,571	173,333	254,904
Provided during the period	75,306	125,333	200,639

As at 31 December 2025	156,877	298,666	455,543

Net Book Value
As at 31 December 2025	7,373,719	501,334	7,875,053

As at 1 January 2025	7,449,025	626,667	8,075,692

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Evolve Hospitality (Glasgow) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	1

As at 31 December 2025	1

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1

As at 1 January 2025	1

Investments in subsidiary undertakings are recognised at cost.

Subsidiaries

Curo Hotels (West Campbell) Limited

Registered office: Office 1 21 Hatherton Street, Walsall, England, WS4 2LA

Nature of business: Hotel Services

Class of shares: Holding (%)

Ordinary 100.00

6. Share Capital

	31 December 2025	31 December 2024 as restated
Allotted, called up and fully paid	£	£
200 Ordinary Shares of £ 1.00 each	200	200

7. Related Party Transactions

As of 31 December 2025, the company owed £417,858 to Relinquo Hospitality Limited. ('Relinquo')

As of 31 December 2025, the company owed £2,325,455 to Evolve Hospitalit (Holdings) Limited. ('Evolve')

Mr. Narendra Patel was the director of Relinquo and Mr. Vijay Sharma was the director of Evolve as at 31 December 2025.

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