REGISTERED NUMBER: 13130893 (England and Wales)

Evyve Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Moat

M J Southworth

S K Underwood

J P Whittaker

REGISTERED OFFICE:

Michael House 35 Chiswell Street

2nd Floor

London

EC1Y 4SE

REGISTERED NUMBER:

13130893 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young (Bham) LLP

9-11 Vittoria Street

Birmingham

B1 3ND

CURRENT ASSETS

Debtors

4

2,329,505

1,073,400

Cash at bank

43,566

44,253

2,373,071

1,117,653

CREDITORS

Amounts falling due within one year

5

1,860,840

657,109

NET CURRENT ASSETS

512,231

460,544

TOTAL ASSETS LESS CURRENT LIABILITIES

512,231

460,544

CAPITAL AND RESERVES

Called up share capital

1

1

Capital contribution reserve

937,108

937,108

Retained earnings

(424,878

)

(476,565

)

512,231

460,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

J W Moat - Director

1.	STATUTORY INFORMATION

Evyve Services 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.

2.	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The directors have received confirmation that the parent company, Evyve Limited will continue to provide the necessary level of support to enable the company to operate for the 12 months from signing the financial statements. In considering the ability of Evyve Limited to provide any necessary support, the directors have obtained an understanding of Evyve Limited’s financial standing and the support it has received.

Taking all these factors into account, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the 12 months from signing of the financial statements and therefore continue to adopt the going concern basis in preparing the financial statements.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

- The amount of revenue can be reliably measured;

- It is probable that future economic benefits will flow to the entity;

- Specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated

New or revised standards or interpretations

Initial application of the Periodic Review 2024 amendments to ‘FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

On 27 March 2024, the FRC issued ‘Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs Periodic Review 2024’. The effective date for most amendments is accounting periods beginning on or after 1 January 2026, with earlier adoption permitted.

The most significant amendments are the replacement of Section 23, now renamed ‘Revenue from Contracts with Customers’, and Section 20 ‘Leases’. The other less significant changes, include a new Section 2A ‘Fair Value Measurement’, uncertain tax positions, business combinations and the revised Section 2 ‘Concepts and Pervasive Principles’ but these do not have a material impact on the company.

The company implemented these changes from 1 April 2025 and used the modified retrospective approach to apply the new Section 23 and Section 20. In applying this approach, comparative information has not been restated, and any retrospective cumulative effect of initial application is recognised as an adjustment to the opening balance of retained earnings.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as

restated

£

£

Trade debtors

16,026

540,782

Amounts owed by group undertakings

2,026,965

-

Other debtors

-

460,393

VAT

207,175

42,721

Prepayments

79,339

29,504

2,329,505

1,073,400

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as

restated

£

£

Trade creditors

444,285

98,540

Amounts owed to group undertakings

663,616

-

Amounts owed to other related parties

462

462

Accruals and deferred income

752,477

558,107

1,860,840

657,109

6.	RELATED PARTY DISCLOSURES

Evyve Projects (No.1) Limited is a non-wholly owned member of the same group. During the year, the company distributed £708,620 to that company to support working capital requirements and incurred purchases/other transactions totalling £241,555. At the year end, £467,065 was due to Evyve Projects (No.1) Limited.

For the comparative year ended 31 March 2025, the company has taken advantage of the exemption permitted by FRS 102 Section 1A from disclosing related party transactions entered into on an arm’s length basis. Transactions with wholly owned companies within the same group have also not been disclosed.

7.	PARENT AND ULTIMATE PARENT UNDERTAKING

The parent company is Evy IP Services Limited, a company incorporated in England and Wales, company number 11975503, registered office Michael House 35 Chiswell Street, 2nd Floor, London, EC1Y 4SE.

The parent company of Evy IP Services Limited is Evyve Limited, a company incorporated in England and Wales, company number 11656568, registered office Michael House 35 Chiswell Street, 2nd Floor, London, EC1Y 4SE.

The ultimate parent companies of Evyve Limited are Evy Infrastructure Partners Limited and Peel NRE Developments (IOM) Limited.

Evy Infrastucture Partners Limited is a company incorporated in England and Wales, company number 12097912 , registered office Gathurst House 389 Gathurst Road, Orrell, Wigan, WN5 0LL.

Peel NRE Developments (IOM) Limited is a company incorporated in the Isle of Man, company number 007991V. Its ultimate holding company is Tokenhouse Limited, a company incorporated in the Isle Of Man. Tokenhouse Limited is controlled by the 1997 Billown Settlement. The registered office is Ballaman Manor, Ballnahowe Road, Port Erin, IM9 6JF, Isle of Man.