2023-01-012023-12-312023-12-31false11542290ALCHEMATION 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ALCHEMATION LIMITED

Registered Number
11542290
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

ALCHEMATION LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

MCCOLLUM, Kevin

Registered Address

1 Gemini Court, 42a Throwley Way
Sutton
SM1 4AF

Registered Number

11542290 (England and Wales)
ALCHEMATION LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments3501
501
Current assets
Debtors42,377,65553,600
Current asset investments51,992,7761,674,000
Cash at bank and on hand59,8632,413,315
4,430,2944,140,915
Creditors amounts falling due within one year6(4,721,341)(4,452,362)
Net current assets (liabilities)(291,047)(311,447)
Total assets less current liabilities(290,997)(311,446)
Net assets(290,997)(311,446)
Capital and reserves
Called up share capital11
Profit and loss account(290,998)(311,447)
Shareholders' funds(290,997)(311,446)
The financial statements were approved and authorised for issue by the Director on 6 September 2024, and are signed on its behalf by:
MCCOLLUM, Kevin
Director
Registered Company No. 11542290
ALCHEMATION LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The Director is aware of his responsibility of trading whilst the company is insolvent and has therefore undertaken not to withdraw his loan account until such time as the company becomes solvent. The amount owed to the director at the year end was £663,498. The company is also supported in its operation by a loan from an entity under control of the director who have confirmed their continued support of the company.
Turnover policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year11
3.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 2311
Additions5050
Disposals(1)(1)
At 31 December 235050
Net book value
At 31 December 235050
At 31 December 2211

Notes

1Other investments other than loans
4.Debtors: amounts due within one year

2023

2022

££
Other debtors2,377,65553,600
Total2,377,65553,600
5.Current asset investments
The investments of £1,992,776 ( 2022: £1,674,000) relate to company productions and investments in theatres productions and artistic performances per trading agents.
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1,011-
Taxation and social security39,870-
Other creditors4,680,4604,452,362
Total4,721,3414,452,362
7.Related party transactions
In addition to being a director in Alchemation Ltd, K McCollum is also the company director and shareholder of Alchemation LLC. As at 31/12/2023 the company owed Alchemation LLC £1,725,956 (2022: £1,499,440).
8.Further information regarding the company's financial position
During the year the company made charitable donations amounting to £10,000.