REGISTERED NUMBER: 00679681 (England and Wales)

A.E.CHEER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J E Cheer

Mr G H Cheer

Mrs A Cheer

SECRETARY:

Mrs J L Cheer

REGISTERED OFFICE:

Southfields Farm

Kirton

Nr Boston

Lincolnshire

PE20 1LS

REGISTERED NUMBER:

00679681 (England and Wales)

ACCOUNTANTS:

Socius Accountants Limited

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

FIXED ASSETS

Property, plant and equipment

4

1,846,344

1,692,390

Investments

5

1

1

1,846,345

1,692,391

CURRENT ASSETS

Inventories

196,979

167,542

Debtors

688,223

848,835

885,202

1,016,377

CREDITORS

Amounts falling due within one year

838,803

853,959

NET CURRENT ASSETS

46,399

162,418

TOTAL ASSETS LESS CURRENT LIABILITIES

1,892,744

1,854,809

CREDITORS

Amounts falling due after more than one year

6

1,017,803

1,022,317

NET ASSETS

874,941

832,492

CAPITAL AND RESERVES

Called up share capital

7,000

7,000

Revaluation reserve

8

1,028,092

1,028,092

Retained earnings

(160,151

)

(202,600

)

874,941

832,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr J E Cheer - Director

1.	STATUTORY INFORMATION

A.E.Cheer 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

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

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Improvements to property

-

2% on cost

Plant and machinery

-

30% on reducing balance and 12.5% on reducing balance

Fixtures and fittings

-

12.5% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

12.5% on reducing balance

Inventories

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2024 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 31 March 2024

2,020,479

Additions

192,363

At 30 March 2025

2,212,842

DEPRECIATION

At 31 March 2024

328,089

Charge for year

38,409

At 30 March 2025

366,498

NET BOOK VALUE

At 30 March 2025

1,846,344

At 30 March 2024

1,692,390

The freehold property was valued on 30 March 2025 as follows:

a) By the directors in respect of 81.512 acres of land at open market value and

b) By the directors in respect of the flat in Bournemouth

The directors base their value on local knowledge of recent land sales and the agents selling brochures for properties in the same block.

If the freehold property had not been revalued it would have been included under the historical cost convention as follows:

2025

2024

£

£

Cost

311,298

311,298

Addition

-

-

Sale

-

-

Net Book Value

311,298

311,298

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 31 March 2024

150,850

Additions

174,500

Transfer to ownership

(23,750

)

At 30 March 2025

301,600

DEPRECIATION

At 31 March 2024

23,886

Charge for year

26,115

Transfer to ownership

(4,917

)

At 30 March 2025

45,084

NET BOOK VALUE

At 30 March 2025

256,516

At 30 March 2024

126,964

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 31 March 2024

and 30 March 2025

1

NET BOOK VALUE

At 30 March 2025

1

At 30 March 2024

1

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

AMC flexible loan

203,547

208,847

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

289,037

288,378

Bank loans

879,982

914,172

Other loans

120,344

116,687

Hire purchase contracts

131,874

64,575

1,421,237

1,383,812

8.

RESERVES

Revaluation

reserve

£

At 31 March 2024

and 30 March 2025

1,028,092

9.	CONTINGENT LIABILITIES

The company has given to Barclays Bank Plc a limited guarantee of £410,000 in favour of George Henry Cheer, a son of one director and brother of the other.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

2025

2024

£

£

Mrs A Cheer

Balance outstanding at start of year

41,836

39,400

Amounts advanced

29,527

18,336

Amounts repaid

(12,900

)

(15,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

58,463

41,836

All advances made to directors are unsecured, repayable on demand and with no interest charged.