1 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 11303842 2022-04-01 2023-03-31 11303842 2023-03-31 11303842 2021-04-01 2022-03-31 11303842 2022-03-31 11303842 bus:Director1 2022-04-01 2023-03-31 11303842 bus:Director2 2022-04-01 2023-03-31 11303842 core:WithinOneYear 2023-03-31 11303842 core:WithinOneYear 2022-03-31 11303842 core:ShareCapital 2023-03-31 11303842 core:ShareCapital 2022-03-31 11303842 core:RetainedEarningsAccumulatedLosses 2023-03-31 11303842 core:RetainedEarningsAccumulatedLosses 2022-03-31 11303842 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 11303842 core:Non-currentFinancialInstruments 2023-03-31 11303842 core:Non-currentFinancialInstruments 2022-03-31 11303842 bus:SmallEntities 2022-04-01 2023-03-31 11303842 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11303842 bus:FullAccounts 2022-04-01 2023-03-31 11303842 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11303842 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 11303842
Aitus Group Holdings Limited
Unaudited financial statements
31 March 2023
Aitus Group Holdings Limited
Statement of financial position
31 March 2023
2023
2022
Note
£
£
£
£
Fixed assets
Investments
5
100
100
Current assets
Debtors
6
9,210
11,480
Cash at bank and in hand
323
219
------
-------
9,533
11,699
Creditors: Amounts falling due within one year
7
( 1,020)
( 1,740)
------
-------
Net current assets
8,513
9,959
------
-------
Total assets less current liabilities
8,613
10,059
------
-------
Net assets
8,613
10,059
------
-------
Capital and reserves
Called up share capital
500
500
Profit and loss account
8,113
9,559
------
-------
Shareholders funds
8,613
10,059
------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 October 2023 , and are signed on behalf of the board by:
F L Talbot
A D Talbot
Director
Director
Company registration number: 11303842
Aitus Group Holdings Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Peacock House, 32 St. Mary's Street, Ely, Cambridgeshire, CB7 4ES.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2021. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
4. Employee numbers
The average number of employees during the year was 1 (2022: 1 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
100
----
Impairment
At 1 April 2022 and 31 March 2023
----
Carrying amount
At 31 March 2023
100
----
At 31 March 2022
100
----
6. Debtors
2023
2022
£
£
Other debtors
9,210
11,480
------
-------
7. Creditors: Amounts falling due within one year
2023
2022
£
£
Other creditors
1,020
1,740
------
------
8. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2021.
No transitional adjustments were required in equity or profit or loss for the year.