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REGISTERED NUMBER: 08518636 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Aitchison Developments Limited

Aitchison Developments Limited (Registered number: 08518636)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aitchison Developments Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J D Aitchison
Mrs R Aitchison





REGISTERED OFFICE: The Old Rectory
Duncton
Petworth
West Sussex
GU28 0JZ





REGISTERED NUMBER: 08518636 (England and Wales)





ACCOUNTANTS: Maximus Accountancy Services Limited
47 Kensington Road
Chichester
West Sussex
PO19 7XS

Aitchison Developments Limited (Registered number: 08518636)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,344 32,702
Investments 5 30 30
36,374 32,732

CURRENT ASSETS
Debtors 6 142,050 171,393
Cash at bank 1,083,259 1,113,243
1,225,309 1,284,636
CREDITORS
Amounts falling due within one year 7 286,921 390,976
NET CURRENT ASSETS 938,388 893,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

974,762

926,392

PROVISIONS FOR LIABILITIES 9,100 6,215
NET ASSETS 965,662 920,177

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 965,562 920,077
SHAREHOLDERS' FUNDS 965,662 920,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Aitchison Developments Limited (Registered number: 08518636)

Balance Sheet - continued
31 December 2022


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 30 September 2023 and were signed on its behalf by:





J D Aitchison - Director


Aitchison Developments Limited (Registered number: 08518636)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 4 (2021 - 3 ) .

Aitchison Developments Limited (Registered number: 08518636)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 62,145
Additions 49,432
Disposals (48,694 )
At 31 December 2022 62,883
DEPRECIATION
At 1 January 2022 29,443
Charge for year 14,296
Eliminated on disposal (17,200 )
At 31 December 2022 26,539
NET BOOK VALUE
At 31 December 2022 36,344
At 31 December 2021 32,702

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 30
NET BOOK VALUE
At 31 December 2022 30
At 31 December 2021 30

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 86,523 58,541
Amounts owed by associates 1,400 -
Other debtors 54,127 112,852
142,050 171,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 9,780 1,801
Taxation and social security 72,157 185,018
Other creditors 204,984 204,157
286,921 390,976

Aitchison Developments Limited (Registered number: 08518636)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes £200,000 in respect of 200,000 preference shares of £1 each which are entitled to a fixed cumulative dividend of 4% per annum. The preference shares are redeemable at par but have no fixed date of redemption.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

Other debtors for the prior year includes £89,883 in respect of recharges to be repaid by Parlison Properties Limited. These were repaid during the year. J D Aitchison and Mrs R Aitchison are directors and shareholders of Parlison Properties Limited.

10. POST BALANCE SHEET EVENTS

Dividends amounting to £513,200 have been paid between the balance sheet date and the date of approval of the financial statements.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J D Aitchison.