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REGISTERED NUMBER: OC344236 (England and Wales)















Report of the Members and

Financial Statements for the Year Ended 31 March 2024

for

Aitken Advisors LLP

Aitken Advisors LLP (Registered number: OC344236)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Members 1

Report of the Independent Auditors 3

Profit & Loss Account 7

Balance Sheet 8

Reconciliation of Members' Interests 10

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 15


Aitken Advisors LLP (Registered number: OC344236)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of financial consulting.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr J L N Aitken
Mrs A A Aitken

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £1,555,706 (2023 - £1,702,827 profit).

MEMBERS' INTERESTS
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Aitken Advisors LLP (Registered number: OC344236)

Report of the Members
for the Year Ended 31 March 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he or she ought to have taken as a member in order to make himself or herself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

AUDITORS
The auditors, Wellers, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE MEMBERS:





Mr J L N Aitken - Designated member


24 July 2024

Report of the Independent Auditors to the Members of
Aitken Advisors LLP

Opinion
We have audited the financial statements of Aitken Advisors LLP (the 'LLP') for the year ended 31 March 2024 which comprise the Profit & Loss Account, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the LLP's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information
The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Aitken Advisors LLP


Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit; or
- the members were not entitled to prepare the financial statements in accordance with the small LLPs regime.

Responsibilities of members
As explained more fully in the Statement of Members' Responsibilities set out on page one, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Aitken Advisors LLP


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussions were held with, and enquiries made of, management and those charged with governance with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity:
- Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law and Tax legislation.
- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the LLP and therefore may have a material effect on the financial statements include compliance with FCA regulations.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud, undertaking specific testing in respect of the LLP's FCA registration.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Aitken Advisors LLP


Use of our report
This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr James Tillotson (Senior Statutory Auditor)
for and on behalf of Wellers
1 Vincent Square
London
SW1P 2PN

24 July 2024

Aitken Advisors LLP (Registered number: OC344236)

Profit & Loss Account
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 4 1,992,358 1,944,010

Administrative expenses 438,836 241,434
1,553,522 1,702,576

Other operating income 57 251
OPERATING PROFIT 6 1,553,579 1,702,827

Interest receivable and similar income 2,127 -
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





1,555,706





1,702,827

Aitken Advisors LLP (Registered number: OC344236)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 5,396 6,234
Investments 10 629,730 534,294
635,126 540,528

CURRENT ASSETS
Debtors 11 176,894 339,091
Cash at bank 193,797 94,617
370,691 433,708
CREDITORS
Amounts falling due within one year 12 694,891 539,730
NET CURRENT LIABILITIES (324,200 ) (106,022 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

310,926

434,506

LOANS AND OTHER DEBTS DUE
TO MEMBERS

13

135,731

312,624

MEMBERS' OTHER INTERESTS
Capital accounts 60,000 60,000
Revaluation reserve 14 115,195 61,882
310,926 434,506

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 13 135,731 312,624
Members' other interests 175,195 121,882
310,926 434,506

Aitken Advisors LLP (Registered number: OC344236)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 24 July 2024 and were signed by:





Mr J L N Aitken - Designated member

Aitken Advisors LLP (Registered number: OC344236)

Reconciliation of Members' Interests
for the Year Ended 31 March 2024


EQUITY
Members' other interests
Members'
capital
(classified
as Revaluation Other
equity) reserve reserves Total
£    £    £    £   
Balance at 1 April 2023 60,000 61,882 - 121,882
Profit for the financial year available for
discretionary division among members

-

-

1,555,706

1,555,706
Members' interests after profit for the year 60,000 61,882 1,555,706 1,677,588
Other divisions of profit - - (1,555,706 ) (1,555,706 )
Revaluation Reserve - 53,313 - 53,313
Drawings on account and distributions of profit - - - -
Balance at 31 March 2024 60,000 115,195 - 175,195

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 312,624
Amount due from members -
Balance at 1 April 2023 312,624 434,506
Profit for the financial year available for
discretionary division among members

-

1,555,706

Members' interests after profit for the year 312,624 1,990,212
Other divisions of profit 1,555,706 -
Revaluation Reserve - 53,313
Drawings on account and distributions of profit (1,732,599 ) (1,732,599 )
Amount due to members 135,731
Amount due from members -
Balance at 31 March 2024 135,731 310,926

Aitken Advisors LLP (Registered number: OC344236)

Reconciliation of Members' Interests
for the Year Ended 31 March 2024

EQUITY
Members' other interests
Members'
capital
(classified
as Revaluation Other
equity) reserve reserves Total
£    £    £    £   
Balance at 1 April 2022 60,000 43,740 - 103,740
Profit for the financial year available for
discretionary division among members

-

-

1,702,827

1,702,827
Members' interests after profit for the year 60,000 43,740 1,702,827 1,806,567
Other divisions of profit - - (1,702,827 ) (1,702,827 )
Revaluation Reserve - 18,142 - 18,142
Drawings on account and distributions of profit - - - -
Balance at 31 March 2023 60,000 61,882 - 121,882

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 137,147
Amount due from members -
Balance at 1 April 2022 137,147 240,887
Profit for the financial year available for
discretionary division among members

-

1,702,827

Members' interests after profit for the year 137,147 1,943,714
Other divisions of profit 1,702,827 -
Revaluation Reserve - 18,142
Drawings on account and distributions of profit (1,527,350 ) (1,527,350 )
Amount due to members 312,624
Amount due from members -
Balance at 31 March 2023 312,624 434,506

Aitken Advisors LLP (Registered number: OC344236)

Cash Flow Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 2 1,875,135 1,541,962
Net cash from operating activities 1,875,135 1,541,962

Cash flows from investing activities
Purchase of tangible fixed assets (3,173 ) (1,064 )
Purchase of fixed asset investments (73,623 ) (108,995 )
Sale of fixed asset investments 31,313 4,996
Interest received 2,127 -
Net cash from investing activities (43,356 ) (105,063 )

Cash flows from financing activities
Transactions with members and former members
Payments to members (1,732,599 ) (1,527,350 )
Net cash from financing activities (1,732,599 ) (1,527,350 )

Increase/(decrease) in cash and cash equivalents 99,180 (90,451 )
Cash and cash equivalents at beginning
of year

3

94,617

185,068

Cash and cash equivalents at end of
year

3

193,797

94,617

Aitken Advisors LLP (Registered number: OC344236)

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024

1. CLASSIFICATION OF SHARE OF PROFITS IN THE CASH FLOW STATEMENT
All the partners are entitled to share equally in the capital and profits of the business, and must contribute equally towards the losses whether of capital or otherwise sustained by the firm.

2. RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS TO CASH GENERATED FROM OPERATIONS
31.3.24 31.3.23
£    £   
Profit for the financial year before members' remuneration and profit
shares available for discretionary division among members

1,555,706

1,702,827
Depreciation charges 4,011 3,569
Profit on disposal of fixed assets (57 ) -
Finance income (2,127 ) -
1,557,533 1,706,396
Decrease/(increase) in trade and other debtors 162,197 (217,513 )
Increase in trade and other creditors 155,405 53,079
Cash generated from operations 1,875,135 1,541,962

3. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 193,797 94,617
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 94,617 185,068


Aitken Advisors LLP (Registered number: OC344236)

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024

4. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

Other
non-cash
At 1.4.23 Cash flow changes At 31.3.24
£    £    £    £   
Net cash
Cash at bank 94,617 99,180 193,797
94,617 99,180 193,797
Net funds (before
members' debt) 94,617 99,180 - 193,797

Loans and other debts
due to members
Other amounts
due to members (312,624 ) 1,732,599 (1,555,706 ) (135,731 )
Net (debt)/funds (218,007 ) 1,831,779 (1,555,706 ) 58,066

Aitken Advisors LLP (Registered number: OC344236)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Aitken Advisors LLP is a limited liability partnership registered in England and Wales. The partnership's registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ.

2. STATEMENT OF COMPLIANCE

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" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the members there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements, other than the valuation of investments, useful life of fixed assets and the recoverability of debtors.

Turnover
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Aitken Advisors LLP (Registered number: OC344236)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at market value with any gains or losses being accounted for by fair value through profit and loss.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 20% straight line
Computer equipment - 33% straight line

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Aitken Advisors LLP (Registered number: OC344236)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Aitken Advisors LLP (Registered number: OC344236)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Other fixed asset investments
Other fixed asset investments are initially recorded at cost and are reviewed at each reporting date to reflect the market value of the investment. Any gains and losses arising as a result of the revaluation will be recorded as fair value through profit and loss.

4. TURNOVER

The turnover and profit for the financial year before members' remuneration and profit shares are attributable to the one principal activity of the LLP.

An analysis of turnover by geographical market is given below:

31.3.24 31.3.23
United Kingdom 31.68% 8.37%
Europe 3.10% 3.34%
United States of America 46.79% 87.35%
Asia 18.43% 0.95%
100.00% 100.00%

5. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

6. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 4,011 3,570

Aitken Advisors LLP (Registered number: OC344236)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. AUDITORS' REMUNERATION
31.3.24 31.3.23
£    £   
Fees payable to the LLP's auditors for the audit of the LLP's financial
statements

6,000

5,530

8. INFORMATION IN RELATION TO MEMBERS
31.3.24 31.3.23
£    £   
The amount of profit attributable to the member with the largest entitlement was
777,853

851,414

31.3.24 31.3.23

The average number of members during the year was 2 2

9. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 49,681 16,234 65,915
Additions 2,173 1,000 3,173
At 31 March 2024 51,854 17,234 69,088
DEPRECIATION
At 1 April 2023 46,554 13,127 59,681
Charge for year 1,656 2,355 4,011
At 31 March 2024 48,210 15,482 63,692
NET BOOK VALUE
At 31 March 2024 3,644 1,752 5,396
At 31 March 2023 3,127 3,107 6,234

Aitken Advisors LLP (Registered number: OC344236)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 534,294
Additions 73,623
Disposals (31,256 )
Revaluations 53,069
At 31 March 2024 629,730
NET BOOK VALUE
At 31 March 2024 629,730
At 31 March 2023 534,294


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 57,742 235,914
Other debtors 30,000 30,000
Prepayments and accrued income 89,152 73,177
176,894 339,091

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 81,871 35,334
VAT 10,618 13,637
Accruals and deferred income 602,402 490,759
694,891 539,730

13. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 135,731 312,624

Falling due within one year 135,731 312,624

Aitken Advisors LLP (Registered number: OC344236)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

14. RESERVES
Revaluation
reserve
£   
At 1 April 2023 61,882
Revaluation Reserve 53,313
At 31 March 2024 115,195

15. RELATED PARTY DISCLOSURES

At the year end the LLP owed the members, James Aitken and Ainslie Aitken, an amount of £67,866 each (2023: £156,312). During the year an amount of £866,299 (2023: £763,675) was withdrawn by each member.