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Registered number: OC344236 AITKEN ADVISORS LLP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
AITKEN ADVISORS LLP INFORMATION
Designated Members Mr J L N Aitken
Mrs A A Aitken
LLP registered number OC344236
Registered office 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ
Independent auditors Wellers Limited, 3rd Floor, The Coade, 98 Vauxhall Walk, London, SE11 5EL
AITKEN ADVISORS LLP CONTENTS
| Page
Members' Report | 1 - 2
Independent Auditors' Report | 3 - 6
Income Statement | 7
Balance Sheet | 8 - 9
Reconciliation of Members' Interests | 10
Statement of Cash Flows | 11
Notes to the Financial Statements | 12 - 19
AITKEN ADVISORS LLP MEMBERS' REPORT FOR THE YEAR ENDED 31 MARCH 2026 The members present their annual report together with the audited financial statements of Aitken Advisors LLP (the "LLP") for the ended 31 March 2026. Principal activities 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 £1,624,323 (2025 - £1,522,176 profit). Members' capital and interests Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP. Details of changes in members' capital in the ended 31 March 2026 are set out in the Reconciliation of Members' Interests. Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business. Members' responsibilities statement The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations. Company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), 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 company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) 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 judgments 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. Page 1
AITKEN ADVISORS LLP MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 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 to enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the 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. Disclosure of information to auditors Each of the persons who are members at the time when this Members' Report is approved has confirmed that: ∙so far as that member is aware, there is no relevant audit information of which the LLP's auditors are unaware, and ∙that member has taken all the steps that ought to have been taken as a member in order to be aware of any relevant audit information and to establish that the LLP's auditors are aware of that information. Auditors The auditors, Wellers Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report was approved by the members on 27 July 2026 and signed on their behalf by:
Mr J L N Aitken |
Page 2
AITKEN ADVISORS LLP INDEPENDENT AUDITORS' REPORT 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 2026, which comprise the Income Statement, the Balance Sheet, the Statement of Cash Flows, the Reconciliation of Members' Interests and the related notes, 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 2026 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 limited liability partnerships 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 United Kingdom, including the Financial Reporting Council'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. Page 3
AITKEN ADVISORS LLP INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AITKEN ADVISORS LLP (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The members are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006, as applied to limited liability partnerships, 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 limited liability partnerships regime.
Responsibilities of members
As explained more fully in the Members' Responsibilities Statement set out on page 1, 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 is 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. Page 4
AITKEN ADVISORS LLP INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AITKEN ADVISORS LLP (CONTINUED)
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 an Auditors' Report 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. 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 beindicative 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 isan 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 Auditors' Report. Page 5
AITKEN ADVISORS LLP INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AITKEN ADVISORS LLP (CONTINUED)
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 by Part 12 of The Limited Liability Partnerships (Accounts and Audit) (Applications 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 an Auditors' Report 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 Limited 3rd Floor, The Coade 98 Vauxhall Walk London SE11 5EL 27 July 2026 Page 6
AITKEN ADVISORS LLP INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2026
| 2026 | 2025
Note | £ | £
Turnover | 4 | 2,047,257 | 1,915,630
Gross profit |  | 2,047,257 | 1,915,630
Administrative expenses |  | (421,635) | (394,560)
Operating profit |  | 1,625,622 | 1,521,070
Interest receivable and similar income |  | 83 | 1,105
Interest payable and similar expenses |  | (1,382) | -
Profit before tax |  | 1,624,323 | 1,522,175
Profit for the year before members' remuneration and profit shares available for discretionary division among members |  | 1,624,323 | 1,522,175
Profit for the year before members' remuneration and profit shares |  | 1,624,323 | 1,522,175
Profit for the financial year available for discretionary division among members |  | 1,624,323 | 1,522,175
The notes on pages 12 to 19 form part of these financial statements.
Page 7
AITKEN ADVISORS LLP REGISTERED NUMBER: OC344236 BALANCE SHEET AS AT 31 MARCH 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 9 |  | 2,638 |  | 2,744
Fixed Asset Investments | 10 |  | 780,749 |  | 671,918
|  |  | 783,387 |  | 674,662
Current assets |  |  |  |  |
Debtors | 11 | 249,503 |  | 214,743 |
Cash at bank and in hand | 12 | 98,022 |  | 78,090 |
|  | 347,525 |  | 292,833 |
Creditors: Amounts Falling Due Within One Year | 13 | (734,242) |  | (691,460) |
Net current liabilities |  |  | (386,717) |  | (398,627)
Total assets less current liabilities |  |  | 396,670 |  | 276,035
Net assets |  |  | 396,670 |  | 276,035
Page 8
AITKEN ADVISORS LLP REGISTERED NUMBER: OC344236 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Amounts due to members | 14 |  | 300,794 |  | 137,835
|  |  | 300,794 |  | 137,835
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 60,000 |  | 60,000 |
Revaluation reserve classified as equity |  | 35,876 |  | 78,200 |
|  |  | 95,876 |  | 138,200
|  |  | 396,670 |  | 276,035
Total members' interests |  |  |  |  |
Loans and other debts due to members | 14 |  | 300,794 |  | 137,835
Members' other interests |  |  | 95,876 |  | 138,200
|  |  | 396,670 |  | 276,035
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf on 27 July 2026.
Mr J L N Aitken
Designated member
The notes on pages 12 to 19 form part of these financial statements. Page 9
AITKEN ADVISORS LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2026
| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Members' capital (classified as equity) | Revaluation reserve | Other reserves | Total | Other amounts | Total | Total
| £ | £ | £ | £ | £ | £ | £
Amounts due to members |  |  |  |  | 135,731 | 135,731 |
Balance at 1 April 2024 | 60,000 | 115,196 | - | 175,196 | 135,731 | 135,731 | 310,927
Profit for the year available for discretionary division among members | - | - | 1,522,176 | 1,522,176 | - | - | 1,522,176
Members' interests after profit for the year | 60,000 | 115,196 | 1,522,176 | 1,697,372 | 135,731 | 135,731 | 1,833,103
Other division of profits | - | - | - | - | 1,522,176 | 1,522,176 | 1,522,176
Movement in reserves | - | (36,996) | (1,522,176) | (1,559,172) | - | - | (1,559,172)
Drawings on account and distribution of profit | - | - | - | - | (1,520,072) | (1,520,072) | (1,520,072)
Amounts due to members |  |  |  |  | 137,835 | 137,835 |
Balance at 31 March 2025 | 60,000 | 78,200 | - | 138,200 | 137,835 | 137,835 | 276,035
Profit for the year available for discretionary division among members | - | - | 1,624,323 | 1,624,323 | - | - | 1,624,323
Members' interests after profit for the year | 60,000 | 78,200 | 1,624,323 | 1,762,523 | 137,835 | 137,835 | 1,900,358
Other division of profits | - | - | - | - | 1,624,323 | 1,624,323 | 1,624,323
Movement in reserves | - | (42,324) | (1,624,323) | (1,666,647) | - | - | (1,666,647)
Drawings on account and distribution of profit | - | - | - | - | (1,461,364) | (1,461,364) | (1,461,364)
Amounts due to members |  |  |  |  | 300,794 | 300,794 |
Balance at 31 March 2026 | 60,000 | 35,876 | - | 95,876 | 300,794 | 300,794 | 396,670
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
Page 10
AITKEN ADVISORS LLP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026
|  |  | 2026 | 2025
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 1,624,323 | 1,522,175
Adjustments for: |  |
Depreciation of tangible assets | 1,986 | 2,651
Loss on disposal of tangible assets | - | (100)
Interest paid | 1,382 | -
Interest received | (83) | (1,105)
(Increase) in debtors | (34,760) | (37,848)
Increase/(decrease) in creditors | 42,723 | (3,428)
Net cash generated from operating activities before transactions with members | 1,635,571 | 1,482,345
Cash flows from investing activities |  |
Purchase of tangible fixed assets | (1,880) | -
Sale of tangible fixed assets | - | 100
Purchase of unlisted and other investments | (194,415) | (120,510)
Sale of unlisted and other investments | 43,262 | 41,326
Interest received | 83 | 1,105
Net cash from investing activities | (152,950) | (77,979)
Cash flows from financing activities |  |
Interest paid | (1,382) | -
Distribution paid to members | (1,461,364) | (1,520,072)
Net cash used in financing activities | (1,462,746) | (1,520,072)
Net increase/(decrease) in cash and cash equivalents | 19,875 | (115,706)
Cash and cash equivalents at beginning of year | 78,090 | 193,796
Cash and cash equivalents at the end of year | 97,965 | 78,090
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 98,022 | 78,090
Bank overdrafts | (57) | -
| 97,965 | 78,090
The notes on pages 12 to 19 form part of these financial statements.
Page 11
AITKEN ADVISORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | General 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.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships". The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The LLP's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. 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. Page 12
AITKEN ADVISORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The LLP adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the LLP. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 20% |
|  |  |  | Computer equipment | - | 33% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Other fixed asset investments
Other fixed asset investments are initially recognised at cost and are subsequently measured at fair value at each reporting date. Changes in fair value arising from the revaluation of these investments are recognised in the revaluation reserve within equity. Page 13
AITKEN ADVISORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the LLP's cash management.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 14
AITKEN ADVISORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.10 | 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 thepart 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'.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
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 thecircumstances. 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 that of the recoverability of its loan receivable balances. Page 15
AITKEN ADVISORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Sales | 2,047,257 | 1,915,630
|  | 2,047,257 | 1,915,630
Analysis of turnover by country of destination:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| United Kingdom | 466,549 | 583,041
| Rest of Europe | 17,557 | 25,400
| Rest of the World | 1,563,151 | 1,307,189
|  | 2,047,257 | 1,915,630
5. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Exchange differences | 11,711 | 6,584
6. | Auditors' remuneration
| During the year, the LLP obtained the following services from the LLP's auditors:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Fees payable to the LLP's auditors for the audit of the LLP's financial statements | 7,000 | 6,500
7. | Employees
| The average number of employees during the year was NIL (2025 - NIL).
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AITKEN ADVISORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
8. | Information in relation to members
|  |  |  |  | 2026 | 2025
|  |  |  |  | Number | Number
|  |  |  |  | 2026 | 2025
| The average number of members during the year was | 2 | 2
| The amount of profit attributable to the member with the largest entitlement was | 812,160 | 761,088
9. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2025 | 51,854 | 17,234 | 69,088
| Additions | - | 1,880 | 1,880
| At 31 March 2026 | 51,854 | 19,114 | 70,968
| Depreciation |  |  |
| At 1 April 2025 | 49,562 | 16,782 | 66,344
| Charge for the year on owned assets | 1,351 | 635 | 1,986
| At 31 March 2026 | 50,913 | 17,417 | 68,330
| Net book value |  |  |
| At 31 March 2026 | 941 | 1,697 | 2,638
| At 31 March 2025 | 2,292 | 452 | 2,744
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AITKEN ADVISORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
10. | Fixed asset investments
|  | Other fixed asset investments
|  | £
| Cost or valuation |
| At 1 April 2025 | 671,918
| Additions | 194,415
| Disposals | (43,262)
| Revaluations | (42,322)
| At 31 March 2026 | 780,749
| The LLP's other fixed asset investments comprise a portfolio of fine wines held through third-party custodians. The investments are stated at market value. Market values are determined by reference to independent third-party market price data for the relevant wines, obtained from the Liv-ex marketplace using standardised LWIN identifiers, together with the custodians' portfolio holding records. Carrying values are updated to reflect movements in these observable market prices as they fluctuate. As the valuation is derived directly from market price data rather than from a discretionary valuation performed by an individual, no valuer's name or particulars of qualification are presented.
11. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 131,656 | 114,046
| Other debtors | 30,000 | 30,000
| Prepayments and accrued income | 87,847 | 70,697
|  | 249,503 | 214,743
12. | Cash and cash equivalents
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 98,022 | 78,090
| Less: bank overdrafts | (57) | -
|  | 97,965 | 78,090
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AITKEN ADVISORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
13. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank overdrafts | 57 | -
| Trade creditors | 19,254 | 97,151
| Other taxation and social security | 16,077 | 8,684
| Other creditors | 28,498 | -
| Accruals and deferred income | 670,356 | 585,625
|  | 734,242 | 691,460
14. | Loans and other debts due to members
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other amounts due to members | 300,794 | 137,835
|  | 300,794 | 137,835
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Falling due within one year | 300,794 | 137,835
|  | 300,794 | 137,835
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
15. | Related party transactions
| At the year end the LLP owed the members, James Aitken and Ainslie Aitken, an amount of £150,395 each (2025: £68,918). During the year an amount of £730,682 (2025: £760,036) was withdrawn by each member.
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