Company No: 07356441 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	7,078		1,555
Investment property	4	2,119,882		1,792,276
		2,126,960		1,793,831
Current assets
Stocks	5	1,073,888		1,072,615
Debtors	6	700		386
Cash at bank and in hand		16,752		3,714
		1,091,340		1,076,715
Creditors: amounts falling due within one year	7	( 2,761,247)		( 2,765,074)
Net current liabilities		(1,669,907)		(1,688,359)
Total assets less current liabilities		457,053		105,472
Provision for liabilities		( 83,671)		( 363)
Net assets		373,382		105,109
Capital and reserves
Called-up share capital	8	6		6
Profit and loss account		373,376		105,103
Total shareholders' funds		373,382		105,109

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of AED Investments Limited (registered number: 07356441) were approved and authorised for issue by the Board of Directors on 25 August 2026. They were signed on its behalf by:

E A Davies Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AED Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Greenfields, Church Road, Arlingham, GL2 7JL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life.

Fixtures and fittings	4 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		1

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 January 2025	13,433		3,565		16,998
Additions	0		6,340		6,340
Disposals	0		( 1,966)		( 1,966)
At 31 December 2025	13,433		7,939		21,372
Accumulated depreciation
At 01 January 2025	13,433		2,010		15,443
Charge for the financial year	0		817		817
Disposals	0		( 1,966)		( 1,966)
At 31 December 2025	13,433		861		14,294
Net book value
At 31 December 2025	0		7,078		7,078
At 31 December 2024	0		1,555		1,555

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	1,792,276
Fair value movement	327,606
As at 31 December 2025	2,119,882

Valuation

The valuation of the properties at the balance sheet date were made by the directors based on open market value for existing use basis.

5. Stocks

	2025		2024
	£		£
Work in progress	1,073,888		1,072,615

6. Debtors

	2025		2024
	£		£
Corporation tax	0		26
Other debtors	700		360
	700		386

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	2,749,042		2,759,412
Accruals and deferred income	3,301		4,462
Taxation and social security	7,704		0
Other creditors	1,200		1,200
	2,761,247		2,765,074

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
3 Ordinary A shares of £ 1.00 each	3		3
3 Ordinary B shares of £ 1.00 each	3		3
	6		6

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed to directors	2,749,042		2,759,412

The amounts owed to the directors have no fixed date for repayment and interest is not being charged. Dividends were declared to directors during the year totalling £9,500 (2024: £42,000).

10. Security

The directors loan account is secured by way of a fixed and floating debenture over all the present and future property and undertakings of the company. An additional legal charge is secured against the property held by the company 9 Leckhampton Rise, Cheltenham.

11. Profit and Loss account

Within the profit and loss reserve is a non-distributable amount totalling £245,705 comprising the total unrealised gain on the revaluation of the investment property less the estimated deferred tax on the gain of £81,901.