REGISTERED NUMBER: 04007636 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

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:

RAA Ward Mackenzie Ltd

Chartered Accountants

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

Fixed assets

Tangible assets

4

37,571

38,484

Current assets

Stocks

4,735

4,614

Debtors

5

74,589

77,244

Cash at bank

52,056

43,094

131,380

124,952

Creditors

Amounts falling due within one year

6

(88,039

)

(97,704

)

Net current assets

43,341

27,248

Total assets less current liabilities

80,912

65,732

Capital and reserves

Called up share capital

100

100

Retained earnings

7

80,812

65,632

Shareholders' funds

80,912

65,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 25 August 2026 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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

Improvement

Plant and

and

Computer

Costs

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

35,719

7,900

4,450

2,898

50,967

DEPRECIATION

At 1 April 2025

-

6,529

3,351

2,603

12,483

Charge for year

-

343

275

295

913

At 31 March 2026

-

6,872

3,626

2,898

13,396

NET BOOK VALUE

At 31 March 2026

35,719

1,028

824

-

37,571

At 31 March 2025

35,719

1,371

1,099

295

38,484

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

216

4,403

Other debtors

67,960

67,960

VAT

-

1,306

Prepayments

6,413

3,575

74,589

77,244

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

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

21,249

28,278

Social security and other tax

122

-

VAT

12,371

-

Directors' current accounts

51,060

66,491

Accrued expenses

3,237

2,935

88,039

97,704

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

7.

RESERVES

Retained

earnings

£

At 1 April 2025

65,632

Profit for the year

15,180

At 31 March 2026

80,812

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 2026 and 31 March 2025:

2026

2025

£

£

M C Scrace

Balance outstanding at start of year

(66,491

)

(66,491

)

Amounts advanced

15,431

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(51,060

)

(66,491

)

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors are amounts due to the director M C Scrace of £51,060 (2025 : £66,491). This loan is interest free and repayable on demand.

At the year end, other debtors include £67,960 (2025 : £67,960) owed from Camvale Ltd, a company under common control.