Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22023-03-01falseNo description of principal activity2truetrue 13230733 2023-03-01 2024-02-29 13230733 2022-03-01 2023-02-28 13230733 2024-02-29 13230733 2023-02-28 13230733 c:Director1 2023-03-01 2024-02-29 13230733 c:Director2 2023-03-01 2024-02-29 13230733 c:RegisteredOffice 2023-03-01 2024-02-29 13230733 d:PlantMachinery 2023-03-01 2024-02-29 13230733 d:PlantMachinery 2024-02-29 13230733 d:PlantMachinery 2023-02-28 13230733 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13230733 d:FurnitureFittings 2023-03-01 2024-02-29 13230733 d:FurnitureFittings 2024-02-29 13230733 d:FurnitureFittings 2023-02-28 13230733 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13230733 d:OfficeEquipment 2023-03-01 2024-02-29 13230733 d:OfficeEquipment 2024-02-29 13230733 d:OfficeEquipment 2023-02-28 13230733 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13230733 d:ComputerEquipment 2023-03-01 2024-02-29 13230733 d:ComputerEquipment 2024-02-29 13230733 d:ComputerEquipment 2023-02-28 13230733 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13230733 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13230733 d:CurrentFinancialInstruments 2024-02-29 13230733 d:CurrentFinancialInstruments 2023-02-28 13230733 d:Non-currentFinancialInstruments 2024-02-29 13230733 d:Non-currentFinancialInstruments 2023-02-28 13230733 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13230733 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13230733 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 13230733 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13230733 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 13230733 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 13230733 d:ShareCapital 2024-02-29 13230733 d:ShareCapital 2023-02-28 13230733 d:RetainedEarningsAccumulatedLosses 2024-02-29 13230733 d:RetainedEarningsAccumulatedLosses 2023-02-28 13230733 c:FRS102 2023-03-01 2024-02-29 13230733 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13230733 c:FullAccounts 2023-03-01 2024-02-29 13230733 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13230733 d:WithinOneYear 2024-02-29 13230733 d:WithinOneYear 2023-02-28 13230733 d:BetweenOneFiveYears 2024-02-29 13230733 d:BetweenOneFiveYears 2023-02-28 iso4217:GBP xbrli:pure
Company registration number: 13230733







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


AERAMINE LIMITED






































img3b9d.png                        

 


AERAMINE LIMITED
 


 
COMPANY INFORMATION


Directors
R S K Lam 
A Lapis 




Registered number
13230733



Registered office
Unit 11 Glenmore Business Park
Stanley Road

Bedford

MK42 0XY




Accountants
Menzies LLP

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


AERAMINE LIMITED
REGISTERED NUMBER:13230733



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
84,517
-

  
84,517
-

Current assets
  

Debtors: amounts falling due within one year
 5 
22,959
804

Cash at bank and in hand
  
14,368
151

  
37,327
955

Creditors: amounts falling due within one year
 6 
(133,622)
(16,136)

Net current liabilities
  
 
 
(96,295)
 
 
(15,181)

Total assets less current liabilities
  
(11,778)
(15,181)

Creditors: amounts falling due after more than one year
 8 
(236,704)
-

  

Net liabilities
  
(248,482)
(15,181)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(248,484)
(15,183)

  
(248,482)
(15,181)


Page 1

 


AERAMINE LIMITED
REGISTERED NUMBER:13230733


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R S K Lam
Director

Date: 26 November 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


AERAMINE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Aeramine Limited is a private company, limited by shares, registered in England & Wales, company registration number is 13230733. The registered office is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Going concern

As at the year end the company had net liabilities of £232,965 (2023: £15,181). The directors have confirmed that they will continue to provide financial support so that the company will be able to meet its liabilities as they fall due.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


AERAMINE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
50%
Straight line
Leasehold improvement
-
10%
Straight line
Office equipment
-
50%
Straight line
Computer equipment
-
50%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


AERAMINE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Leasehold improvement
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


Additions
56,274
23,913
1,483
6,926
88,596



At 29 February 2024

56,274
23,913
1,483
6,926
88,596



Depreciation


Charge for the year on owned assets
2,630
366
213
870
4,079



At 29 February 2024

2,630
366
213
870
4,079



Net book value



At 29 February 2024
53,644
23,547
1,270
6,056
84,517



At 28 February 2023
-
-
-
-
-


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
19,241
804

Prepayments and accrued income
3,718
-

22,959
804


Page 5

 


AERAMINE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other loans
90,000
-

Trade creditors
14,264
-

Other taxation and social security
7,357
-

Other creditors
18,109
13,636

Accruals and deferred income
3,892
2,500

133,622
16,136


The loan is secured over floating charge of the company.
Included in the above are secured creditors in the amount of £90,000 (2023: £nil).  The loan from Vendula London Limited is secured via floating charge over the assets of the company. 


7.


Related party transactions

As at 28 February 2024, within other creditors there is a balance owed to a director of £39,211 (2023: £13,636) by the company. The loan has been provided interest free and is repayable on demand.
Within other debtors there is a balance owed from a director of £3,182 (2023: £nil)  to the company. Interest arising in the year totals £Nil.


8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Other loans
236,704
-

236,704
-


ncluded in the above are secured creditors in the amount of £236,704  (2023: £nil).  The loan from Vendula London Limited is secured via floating charge over the assets of the company. 

Page 6

 


AERAMINE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Other loans
90,000
-


90,000
-

Amounts falling after one year

Other loans
236,704
-


236,704
-



326,704
-



10.


Commitments under operating leases

At 29 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 February
28 February
2024
2023
£
£


Not later than 1 year
16,950
-

Later than 1 year and not later than 5 years
29,098
-

46,048
-

 
Page 7