EVAGO GLOBAL CAPITAL LTD

Basis of preparation. The accounts have been prepared under the historical cost convention and in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by Section 1A, and the Companies Act 2006. The accounts are presented in pounds sterling, rounded to the nearest pound.

Basis of consolidation. The consolidated accounts include the company and its subsidiary undertakings, Fooderus Group Holdings Ltd and Academies Incubator Ltd. The subsidiaries came under the control of the company through the transfer of their shares from the company's shareholders for no consideration. As the ultimate owners are the same before and after the transfer, this is a group reconstruction and merger accounting has been applied in accordance with FRS 102 paragraphs 19.27 to 19.33. The results and net assets of the subsidiaries are included as if they had always formed part of the group, comparative figures are presented on the same basis, and no goodwill arises. The nominal value of the subsidiaries' share capital is presented as a merger reserve. Intra-group balances and transactions are eliminated on consolidation.

Subsidiary reporting date. Fooderus Group Holdings Ltd has a financial year ending on 31 March. As this is more than three months before the company's year end, the subsidiary is included on the basis of interim financial information for the twelve months to 31 October, prepared from its statutory accounts and accounting records.

Going concern. The directors have considered the group's financial position and the continued support of the shareholders, and consider it appropriate to prepare the accounts on a going concern basis.

Turnover. Turnover represents the fair value of consideration received or receivable for education, training, agency and management services provided, net of value added tax. It is recognised when the service is provided.

Tangible fixed assets. Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

Investments. In the company balance sheet, investments in subsidiaries are measured at cost, which is nil as the shares were acquired for no consideration.

Financial instruments. Basic financial instruments, including amounts owed by directors and between group companies, are measured at transaction price less any impairment.

Foreign currency. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction; monthly average rates are used where they approximate the actual rates. Monetary items are retranslated at the closing rate and differences are recognised in profit or loss.

Taxation. Current tax is recognised for the tax payable on the taxable profit of each group company for the current and past periods. Deferred tax is recognised on timing differences where material.

Dividends. Interim dividends are recognised when paid. Final dividends are recognised when approved by the shareholders.

The average number of persons employed by the group during the year, being the directors, was 2 (2024: 2).

The group held no tangible fixed assets at 31 October 2025 or 31 October 2024. Plant and machinery with a cost of £102,000 was disposed of in the year ended 31 October 2024.

The merger reserve of £200 is the nominal value of the share capital of Fooderus Group Holdings Ltd (£100) and Academies Incubator Ltd (£100), whose shares were transferred to the company for no consideration.

The company holds 100% of the ordinary share capital of Fooderus Group Holdings Ltd and Academies Incubator Ltd. Both are incorporated in England and Wales with registered office at 233 Springbank Road, London SE13 6ST. The cost of the investments is nil.

The balance owed to Fooderus Group Holdings Ltd by Agnese Osemwegie, a director, was £4,733 at 1 November 2024. Net advances in the year were £131 and the balance at 31 October 2025 was £4,864 (2024: opening balance £13,239, net cash advances £4,417, personal costs charged £3,699, £10,200 transferred to the company, company costs paid by the director £2,020, written off £4,402, closing balance £4,733).

The balance owed to the company by Agnese Osemwegie was £3,800 at 1 November 2024 and £3,800 at 31 October 2025, with no movement in the year (2024: opening balance nil, £10,200 transferred from Fooderus Group Holdings Ltd, company expenses paid £1,400, dividends credited £5,000, closing balance £3,800). The advances are interest free and repayable on demand.

In the prior year the company charged Fooderus Group Holdings Ltd a management fee of £10,200 (March 2024), paid through the director's loan account and eliminated on consolidation. No management fee was charged in the year. An amount of £29 owed by Fooderus Group Holdings Ltd to Academies Incubator Ltd is eliminated on consolidation.

Transactions and balances between the company and its subsidiaries are eliminated on consolidation. The company is controlled by its directors, Agnese Osemwegie and Evans Osemwegie.

EVAGO GLOBAL CAPITAL LTD is a private company limited by shares and incorporated in England and Wales. Its registered office is 233 Springbank Road, London, England, SE13 6ST.