REGISTERED NUMBER: SC455981 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

Evolve Group (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R S S Parkinson

REGISTERED OFFICE:

18 North Silver Street

Aberdeen

AB10 1JU

REGISTERED NUMBER:

SC455981 (Scotland)

ACCOUNTANTS:

Tawse & Partners

Chartered Accountants

18 North Silver Street

Aberdeen

AB10 1JU

FIXED ASSETS

Tangible assets

4

62,349

58,760

Investments

5

43,600

43,600

Investment property

6

400,000

350,000

505,949

452,360

CURRENT ASSETS

Debtors

7

178,940

188,450

Cash at bank

45,743

55,968

224,683

244,418

CREDITORS

Amounts falling due within one year

8

44,372

117,937

NET CURRENT ASSETS

180,311

126,481

TOTAL ASSETS LESS CURRENT LIABILITIES

686,260

578,841

CREDITORS

Amounts falling due after more than one year

9

(35,370

)

-

PROVISIONS FOR LIABILITIES

(49,768

)

(36,371

)

NET ASSETS

601,122

542,470

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

102,544

65,044

Retained earnings

498,478

477,326

SHAREHOLDERS' FUNDS

601,122

542,470

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 September 2026 and were signed by:

R S S Parkinson - Director

1.	STATUTORY INFORMATION

Evolve Group (UK) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Equipment

-

20% straight line

Motor vehicles

-

25% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

52,129

6,030

63,633

121,792

Additions

-

-

49,925

49,925

Disposals

-

-

(62,917

)

(62,917

)

At 31 December 2025

52,129

6,030

50,641

108,800

DEPRECIATION

At 1 January 2025

31,005

2,505

29,522

63,032

Charge for year

10,425

1,206

12,510

24,141

Eliminated on disposal

-

-

(40,722

)

(40,722

)

At 31 December 2025

41,430

3,711

1,310

46,451

NET BOOK VALUE

At 31 December 2025

10,699

2,319

49,331

62,349

At 31 December 2024

21,124

3,525

34,111

58,760

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

63,633

Additions

49,925

Disposals

(62,917

)

At 31 December 2025

50,641

DEPRECIATION

At 1 January 2025

29,522

Charge for year

12,510

Eliminated on disposal

(40,722

)

At 31 December 2025

1,310

NET BOOK VALUE

At 31 December 2025

49,331

At 31 December 2024

34,111

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.25

31.12.24

£

£

Investment-grade watch

43,600

43,600

The above investment has been recorded at cost.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

350,000

Revaluations

50,000

At 31 December 2025

400,000

NET BOOK VALUE

At 31 December 2025

400,000

At 31 December 2024

350,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2021

36,725

Valuation in 2022

50,000

Valuation in 2025

50,000

Cost

263,275

400,000

Investment property was valued on an open market basis on 31 December 2025 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

24,334

Other debtors

178,940

164,116

178,940

188,450

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

5,649

30,699

Taxation and social security

23,925

75,498

Other creditors

14,798

11,740

44,372

117,937

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

35,370

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

41,019

30,699

The hire purchase creditor is secured over the fixed asset to which it relates

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Fair

value

reserve

£

At 1 January 2025

65,044

Transfer to/from fair value reserve

37,500

At 31 December 2025

102,544

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

R S S Parkinson

Balance outstanding at start of year

62,569

(6,756

)

Amounts advanced

5,000

71,400

Amounts repaid

(45,302

)

(2,075

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,267

62,569

The loan is interest free and is repayable on demand.