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REGISTERED NUMBER: 04138544 (England and Wales)











































Aitken-Walker Property Co Ltd.

Unaudited Financial Statements

for the Year Ended 31st December 2023






Aitken-Walker Property Co Ltd. (Registered number: 04138544)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Aitken-Walker Property Co Ltd.

Company Information
for the year ended 31st December 2023







Director: G J Walker





Secretary: Mrs L D Aitken Walker





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Business address: Cairnslaw
Berwick Road
Duns
Berwickshire
TD11 3LR





Registered number: 04138544 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Aitken-Walker Property Co Ltd. (Registered number: 04138544)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 60,147 67,912
Investment property 5 450,000 450,000
510,147 517,912

Current assets
Stocks - 3,711
Debtors 6 18,337 -
Cash at bank 55,633 41,256
73,970 44,967
Creditors
Amounts falling due within one year 7 10,583 18,431
Net current assets 63,387 26,536
Total assets less current liabilities 573,534 544,448

Provisions for liabilities 16,016 16,016
Net assets 557,518 528,432

Capital and reserves
Called up share capital 10,000 10,000
Retained earnings 8 547,518 518,432
Shareholders' funds 557,518 528,432

Aitken-Walker Property Co Ltd. (Registered number: 04138544)

Balance Sheet - continued
31st December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th September 2024 and were signed by:





G J Walker - Director


Aitken-Walker Property Co Ltd. (Registered number: 04138544)

Notes to the Financial Statements
for the year ended 31st December 2023

1. Statutory information

Aitken-Walker Property Co Ltd. 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 the amount derived from ordinary activities, and is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances, and is stated net of VAT.

Revenue from sale of goods is recognised when all the following conditions are satisfied:
- the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost and 5% on cost
Plant and machinery - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, and impairment loss is recognised in the Statement of Income and Retained Earnings.


Aitken-Walker Property Co Ltd. (Registered number: 04138544)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and they have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Tangible fixed assets
Improvements
to Plant and
property machinery Totals
£    £    £   
Cost
At 1st January 2023
and 31st December 2023 160,444 7,029 167,473
Depreciation
At 1st January 2023 98,776 785 99,561
Charge for year 7,704 61 7,765
At 31st December 2023 106,480 846 107,326
Net book value
At 31st December 2023 53,964 6,183 60,147
At 31st December 2022 61,668 6,244 67,912

Aitken-Walker Property Co Ltd. (Registered number: 04138544)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. Investment property
Total
£   
Fair value
At 1st January 2023
and 31st December 2023 450,000
Net book value
At 31st December 2023 450,000
At 31st December 2022 450,000

The property was revalued in 2010. The director has reviewed this valuation and feels that it is still reasonable.

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 18,337 -

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 499 500
Taxation and social security 8,644 10,429
Other creditors 1,440 7,502
10,583 18,431

8. Reserves

Included within profit and loss reserves are non-distributable reserves of £208,984 (2022 - £208,984)

9. Director's advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st December 2023 and 31st December 2022:

20232022
££
Director
Balance outstanding at start of year--
Amounts advanced330,256-
Amounts repaid(311,919)-
Balance outstanding at end of year18,337-

This loan is unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.