REGISTERED NUMBER: 03900342 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

BATTERSEA EVOLUTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr JG Lawson

Mr DB Black

Mr SW Jameson

Ms EM Sawford

REGISTERED OFFICE:

Unit 10

Deptford Trading Estate

Blackhorse Road

London

SE8 5HY

REGISTERED NUMBER:

03900342 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Westleigh Scales FCA FMAAT

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

BANKERS:

Lloyds Bank Plc

28 Secklow Gate West

Milton Keynes

MK9 3EH

FIXED ASSETS

Tangible assets

4

46,422

22,149

CURRENT ASSETS

Debtors

5

2,759,837

9,221,869

Cash at bank

1,589,727

567,045

4,349,564

9,788,914

CREDITORS

Amounts falling due within one year

6

3,510,313

9,093,527

NET CURRENT ASSETS

839,251

695,387

TOTAL ASSETS LESS CURRENT LIABILITIES

885,673

717,536

CREDITORS

Amounts falling due after more than one year

7

(66,667

)

(166,667

)

PROVISIONS FOR LIABILITIES

(11,605

)

-

NET ASSETS

807,401

550,869

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

787,401

530,869

SHAREHOLDERS' FUNDS

807,401

550,869

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 7 August 2026 and were signed on its behalf by:

Mr JG Lawson - Director

Mr DB Black - Director

Ms EM Sawford - Director

1.	STATUTORY INFORMATION

Battersea Evolution 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.

Financial forecasts prepared by the directors show that the company will be able to operate within the facilities available. On that basis the directors have prepared these financial statements on a going concern basis.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised at the date events are held. Income and deposits received for events held after the year end are included as deferred income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in profit and 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 September 2024

281,672

318,004

599,676

Additions

13,250

29,770

43,020

Disposals

(10,245

)

-

(10,245

)

At 31 August 2025

284,677

347,774

632,451

DEPRECIATION

At 1 September 2024

270,033

307,494

577,527

Charge for year

9,087

9,660

18,747

Eliminated on disposal

(10,245

)

-

(10,245

)

At 31 August 2025

268,875

317,154

586,029

NET BOOK VALUE

At 31 August 2025

15,802

30,620

46,422

At 31 August 2024

11,639

10,510

22,149

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,520,143

8,335,729

Other debtors

1,239,694

886,140

2,759,837

9,221,869

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

100,000

100,000

Deferred income

1,580,634

1,442,941

Trade creditors

1,581,281

7,371,534

Taxation and social security

61,208

162,822

Other creditors

187,190

16,230

3,510,313

9,093,527

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

66,667

166,667

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

166,667

266,667

The bank loan is secured by a fixed and floating charge over all assets of the company.

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

The Report of the Auditors was unqualified.

Mr Westleigh Scales FCA FMAAT (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

10.	RELATED PARTY DISCLOSURES

At the year end £50,696 (2024: £5,841,410) was owed by Smart (Group) Limited to Battersea Evolution Limited.

Smart (Group) Limited holds 50% of the issued share capital of Battersea Evolution Limited.

At the year end £315,657 (2024: £471,777) was owed to GL Events UK Limited by Battersea Evolution Limited.

GL Events UK Limited holds 50% of the issued share capital of Battersea Evolution Limited.

At the year end £259,125 (2024: £1,510,135) was owed by Smart Hospitality Limited to Battersea Evolution Limited. Smart Hospitality Limited is a subsidiary of Smart (Group) Limited.

At the year end £Nil (2024: £83,888 was owed to Story Events) was owed by Story Events Limited to Battersea Evolution Limited. Story Events Limited is a subsidiary of Smart (Group) Limited.

At the year end £338,431 was owed by The Moving Venue Caterers Limited to Battersea Evolution Limited (2024: £4,582,169 owed to The Moving Venue Caterers Limited by Battersea Evolution Limited). The Moving Venue Caterers Limited is a subsidiary of Smart (Group) Limited.

At the year end £10,000 (2024: £Nil) was owed by The Last Supper UK Limited to Battersea Evolution Limited. The Last Supper UK Limited is a subsidiary of Smart (Group) Limited.

Mr DB Black and Mr SW Jameson, directors, are also directors of GL Events UK Limited.

Mr JG Lawson and Ms EM Sawford, directors, are also directors of Smart (Group) Limited, Smart Hospitality Limited, Story Events Limited, The Moving Venue Caterers Limited and The Last Supper UK Limited.