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REGISTERED NUMBER: 08691915 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 MARCH 2023

FOR

ALCHEMY PROPERTY SOLUTIONS LIMITED

ALCHEMY PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08691915)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 14 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALCHEMY PROPERTY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 14 MARCH 2023







DIRECTORS: Mrs W L Makepeace-Browne
Mr G D Gourlay





REGISTERED OFFICE: 21 Swan Way
Church Crookham
Fleet
Hampshire
GU51 5TU





REGISTERED NUMBER: 08691915 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Business Advisers and Accountants
Unit 2.02 High Weald House,
Glovers End
Bexhill
East Sussex
United Kingdom
TN39 5ES

ALCHEMY PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08691915)

STATEMENT OF FINANCIAL POSITION
14 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,750,000 1,751,000

CURRENT ASSETS
Debtors 5 475,785 432,554
Prepayments and accrued income 2,247 3,510
Cash at bank 12,380 6,177
490,412 442,241
CREDITORS
Amounts falling due within one year 6 54,228 75,630
NET CURRENT ASSETS 436,184 366,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,186,184

2,117,611

CREDITORS
Amounts falling due after more than one
year

7

(1,941,287

)

(1,848,070

)

PROVISIONS FOR LIABILITIES (51,140 ) (51,140 )
NET ASSETS 193,757 218,401

EQUITY
Called up share capital 2 2
Revaluation Reserve 8 218,016 218,016
Retained earnings (24,261 ) 383
SHAREHOLDERS' FUNDS 193,757 218,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 14 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 14 March 2023 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.

ALCHEMY PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08691915)

STATEMENT OF FINANCIAL POSITION - continued
14 MARCH 2023


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 29 November 2023 and were signed on its behalf by:





Mrs W L Makepeace-Browne - Director


ALCHEMY PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08691915)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 14 MARCH 2023


1. STATUTORY INFORMATION

Alchemy Property Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors greater than one year are recognized initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ALCHEMY PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08691915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 14 MARCH 2023


3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 15 March 2022 1,751,000
Disposals (1,000 )
At 14 March 2023 1,750,000
Net book value
At 14 March 2023 1,750,000
At 14 March 2022 1,751,000

Fair value at 14 March 2023 is represented by:
£   
Valuation in 2023 1,750,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 475,785 432,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade payables 4,288 3,012
Taxation and social security - 2,287
Other creditors 49,940 70,331
54,228 75,630

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,941,287 1,848,070

8. RESERVES
Revaluation
Reserve
£   
At 15 March 2022
and 14 March 2023 218,016

ALCHEMY PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08691915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 14 MARCH 2023


9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs W L Makepeace-Browne.