REGISTERED NUMBER: 15213156 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

AEL Homes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E W Bastow

Ms A L Caston

REGISTERED OFFICE:

Timbers

Cat House Lane

Woolverstone

Ipswich

Suffolk

IP9 1DQ

REGISTERED NUMBER:

15213156 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Investment property

4

329,000

329,000

CURRENT ASSETS

Debtors

5

10,575

10,356

Cash at bank

13,799

10,829

24,374

21,185

CREDITORS

Amounts falling due within one year

6

3,150

1,800

NET CURRENT ASSETS

21,224

19,385

TOTAL ASSETS LESS CURRENT LIABILITIES

350,224

348,385

CREDITORS

Amounts falling due after more than one year

7

395,836

381,036

NET LIABILITIES

(45,612

)

(32,651

)

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

(45,622

)

(32,661

)

SHAREHOLDERS' FUNDS

(45,612

)

(32,651

)

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

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

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 31 July 2026 and were signed on its behalf by:

Ms A L Caston - Director

1.	STATUTORY INFORMATION

AEL Homes Ltd 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.

The financial statements have been prepared on a going concern basis. The Directors consider this basis to be appropriate despite the fact that the balance sheet shows net liabilities at 31 October 2025. The directors and shareholders have confirmed their continued support for the 12 months from the balance sheet date.

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of the assets to their recoverable amount and to provide for any further liabilities which might arise.

Turnover

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

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Comparatives

The company was incorporated on 16 October 2023. Accordingly, the comparative figures presented in these financial statements relate to the period from incorporation on 16 October 2023 to 31 October 2024. As the comparative period is not of the same duration as the current financial year, the amounts presented in the profit and loss account and related notes are not directly comparable.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

329,000

NET BOOK VALUE

At 31 October 2025

329,000

At 31 October 2024

329,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2024

329,000

The directors have considered the valuation of the investment property held by AEL Homes Ltd, and it was determined that no fair value adjustment was required.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Directors' loan accounts

10,575

9,576

Prepayments and accrued income

-

780

10,575

10,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Accrued expenses

3,150

1,800

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Related party

395,836

381,036

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

10

Ordinary

£1

10

10

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2025 and the period ended 31 October 2024:

31.10.25

31.10.24

£

£

E W Bastow

Balance outstanding at start of year

9,576

-

Amounts advanced

11,220

10,410

Amounts repaid

(10,221

)

(834

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,575

9,576

During the year, the company had an outstanding loan balance due from a director. The balance was fully repaid on 31 July 2026.

Interest was charged on the outstanding balance at a rate of 2.25% per annum up to March 2025. From April 2025 onwards, interest was charged at a rate of 3.75% per annum until the loan was repaid.

The loan was unsecured and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of AEL Homes Ltd is Ed Bastow and Anna Caston who own 50% of the ordinary share capital each.

11.	RELATED PARTY DISCLOSURES

During the year, the company had a loan arrangement with a related party. At the year end, the amount outstanding was £395,836 (2024: £381,036l).

Interest was charged on the loan balance at a rate of 4% per annum. Interest charged during the year amounted to £14,800 (2024: £11,036)

The loan is unsecured and repayable on demand.