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REGISTERED NUMBER: 03264289 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Aerobeam Limited

Aerobeam Limited (Registered number: 03264289)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aerobeam Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A C McLeod
R A McLeod





SECRETARY: R A McLeod





REGISTERED OFFICE: 10 Portland Business Centre
Manor House Lane
Datchet
Slough
Berkshire
SL3 9EG





REGISTERED NUMBER: 03264289 (England and Wales)






Aerobeam Limited (Registered number: 03264289)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,914,332 9,914,569

CURRENT ASSETS
Debtors 5 65,409 49,322
Investments 6 978,868 978,868
Cash at bank 633,351 376,738
1,677,628 1,404,928
CREDITORS
Amounts falling due within one year 7 107,573 85,904
NET CURRENT ASSETS 1,570,055 1,319,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,484,387

11,233,593

CREDITORS
Amounts falling due after more than one year 8 (612,439 ) (612,439 )

PROVISIONS FOR LIABILITIES (785,009 ) (785,009 )
NET ASSETS 10,086,939 9,836,145

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,086,937 9,836,143
SHAREHOLDERS' FUNDS 10,086,939 9,836,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Aerobeam Limited (Registered number: 03264289)

Balance Sheet - continued
30 April 2024


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 2 May 2024 and were signed on its behalf by:





R A McLeod - Director


Aerobeam Limited (Registered number: 03264289)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Aerobeam 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

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.

Turnover
Turnover represents rent received.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 2 (2023 - 2 ) .

Aerobeam Limited (Registered number: 03264289)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 9,900,000 2,414 104,444 11,515 10,018,373
Additions - - 1,649 1,172 2,821
At 30 April 2024 9,900,000 2,414 106,093 12,687 10,021,194
DEPRECIATION
At 1 May 2023 - 1,638 93,204 8,962 103,804
Charge for year - 194 1,933 931 3,058
At 30 April 2024 - 1,832 95,137 9,893 106,862
NET BOOK VALUE
At 30 April 2024 9,900,000 582 10,956 2,794 9,914,332
At 30 April 2023 9,900,000 776 11,240 2,553 9,914,569

No depreciation is provided in respect of freehold property which is held as an investment.The directors are of the opinion the market value is as stated in the balance sheet


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 65,409 49,322

6. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Unlisted investments 978,868 978,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 77,570 55,240
Other creditors 30,003 30,664
107,573 85,904

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 612,439 612,439

Aerobeam Limited (Registered number: 03264289)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. BANK SECURITY

The Bank has a fixed charged over the freehold properties.

10. ACCOUNTANCY AND ADMINISTRATION SERVICES

The company provides accountancy and administration services to R A McLeod (Financial Services) Limited on a non profit basis.

11. INVESTMENTS

Investments are shown at cost which is also the fair value of the shares in unlisted companies

The company acquired the entire share capital of Findway Ltd during the year for £634,987, being the arms length valuation. The shares were purchased from R A McLeod who is a director of this company

12. PROVISIONS FOR LIABILITIES - DEFERRED TAX

The provision for deferred tax is £785,009

13. SUBSIDIARY

The company has one subsidiary Findway Ltd. Group accounts have not been prepared in accordance with S 398 Companies Act 2006 under the small companies regime