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REGISTERED NUMBER: 08537089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

AXER LIMITED

AXER LIMITED (REGISTERED NUMBER: 08537089)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AXER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: R D G Sloan





REGISTERED OFFICE: Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW





REGISTERED NUMBER: 08537089 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

AXER LIMITED (REGISTERED NUMBER: 08537089)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,290 11,076
Investments 5 25,000 25,000
Investment property 6 1,453,650 1,603,349
1,482,940 1,639,425

CURRENT ASSETS
Debtors 7 297,870 313,195
Cash at bank 280,914 142,216
578,784 455,411
CREDITORS
Amounts falling due within one year 8 488,874 104,085
NET CURRENT ASSETS 89,910 351,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,572,850

1,990,751

CREDITORS
Amounts falling due after more than one
year

9

(375,000

)

(703,233

)

PROVISIONS FOR LIABILITIES - (342 )
NET ASSETS 1,197,850 1,287,176

CAPITAL AND RESERVES
Called up share capital 200 100
Revaluation reserve 10 (218,584 ) (68,885 )
Retained earnings 1,416,234 1,355,961
SHAREHOLDERS' FUNDS 1,197,850 1,287,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

AXER LIMITED (REGISTERED NUMBER: 08537089)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 27 March 2025 and were signed by:





R D G Sloan - Director


AXER LIMITED (REGISTERED NUMBER: 08537089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Axer 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 as modified by the revaluation of certain assets.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on reducing balance and 33% on cost

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.

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 ) .

AXER LIMITED (REGISTERED NUMBER: 08537089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 37,932 9,079 47,011
Additions - 1,648 1,648
At 31 July 2024 37,932 10,727 48,659
DEPRECIATION
At 1 August 2023 28,657 7,278 35,935
Charge for year 7,023 1,411 8,434
At 31 July 2024 35,680 8,689 44,369
NET BOOK VALUE
At 31 July 2024 2,252 2,038 4,290
At 31 July 2023 9,275 1,801 11,076

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 August 2023
and 31 July 2024 25,000
NET BOOK VALUE
At 31 July 2024 25,000
At 31 July 2023 25,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,603,349
Revaluations (149,699 )
At 31 July 2024 1,453,650
NET BOOK VALUE
At 31 July 2024 1,453,650
At 31 July 2023 1,603,349

AXER LIMITED (REGISTERED NUMBER: 08537089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 1,588,349
Valuation in 2023 15,000
Valuation in 2024 (149,699 )
1,453,650

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,000 1,000
Other debtors 296,870 312,195
297,870 313,195

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 290,714 6,170
Taxation and social security 28,787 27,345
Other creditors 169,373 70,570
488,874 104,085

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 375,000 703,233

10. RESERVES
Revaluatio
reserve
£   
At 1 August 2023 (68,885 )
Revalution movements (149,699 )

At 31 July 2024 (218,584 )