REGISTERED NUMBER: 04007636 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Aerem Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M C Scrace

REGISTERED OFFICE:

Highfield

Rocks Lane

Uckfield

East Sussex

TN22 4BN

REGISTERED NUMBER:

04007636 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

FIXED ASSETS

Tangible assets

4

38,484

40,065

CURRENT ASSETS

Stocks

4,614

4,307

Debtors

5

77,244

92,662

Cash at bank

43,094

60,744

124,952

157,713

CREDITORS

Amounts falling due within one year

6

(97,704

)

(70,531

)

NET CURRENT ASSETS

27,248

87,182

TOTAL ASSETS LESS CURRENT LIABILITIES

65,732

127,247

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

65,632

127,147

SHAREHOLDERS' FUNDS

65,732

127,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

M C Scrace - Director

1.	STATUTORY INFORMATION

Aerem 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company continued to be that of Manufacture of non-domestic cooling and ventilation equipment

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE 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

-

25% on reducing balance

Computer equipment

-

33% on cost

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

DEFFERED TAX

Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date which are immaterial.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

Improvement

Plant and

and

Computer

Costs

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

35,719

7,900

4,450

2,898

50,967

DEPRECIATION

At 1 April 2024

-

6,072

2,984

1,846

10,902

Charge for year

-

457

367

757

1,581

At 31 March 2025

-

6,529

3,351

2,603

12,483

NET BOOK VALUE

At 31 March 2025

35,719

1,371

1,099

295

38,484

At 31 March 2024

35,719

1,828

1,466

1,052

40,065

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,403

3,251

Other debtors

67,960

67,960

Tax

-

13,311

VAT

1,306

1,806

Prepayments

3,575

6,334

77,244

92,662

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

28,278

1,235

Directors' current accounts

66,491

66,491

Accrued expenses

2,935

2,805

97,704

70,531

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7.

RESERVES

Retained

earnings

£

At 1 April 2024

127,147

Deficit for the year

(61,515

)

At 31 March 2025

65,632

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M C Scrace

Balance outstanding at start of year

(66,491

)

(138,956

)

Amounts advanced

-

88,000

Amounts repaid

-

(15,535

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(66,491

)

(66,491

)

9.	RELATED PARTY DISCLOSURES

At the year end, other debtors include £67,960 (2024 : £67,960) owed from Camvale Ltd, a company under common control.