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REGISTERED NUMBER: OC387943 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

FOR

ALCHEMY PROPERTIES LLP

ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALCHEMY PROPERTIES LLP

GENERAL INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024







DESIGNATED MEMBERS: A N Butcher
Miss E O Butcher





REGISTERED OFFICE: 175 Risca Road
Newport
Gwent
NP20 3PQ





REGISTERED NUMBER: OC387943 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

BALANCE SHEET
31 MARCH 2024

31/3/24 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 515,000 515,000

CURRENT ASSETS
Debtors 5 - 200
Cash at bank 8,540 76,974
8,540 77,174
CREDITORS
Amounts falling due within one year 6 12,788 13,883
NET CURRENT (LIABILITIES)/ASSETS (4,248 ) 63,291
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

510,752

578,291

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

510,752

578,291

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 510,752 578,291

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 September 2024 and were signed by:





A N Butcher - Designated member

ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Alchemy Properties LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental, excluding value added tax.

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.

Investment properties
No depreciation is required in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 31 March 2024 515,000
NET BOOK VALUE
At 31 March 2024 515,000
At 30 September 2022 515,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 229,130
Cost 285,870
515,000

ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024


4. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

31/3/24 30/9/22
£    £   
Cost 285,870 285,870

The members carried out their own fair value assessment of the investment properties. The members have arrived at their assessment of the fair value of the investment properties following informal discussions with a local chartered surveyor and following a review of selling prices of similar properties in their area.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 30/9/22
£    £   
Other debtors - 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 30/9/22
£    £   
Taxation and social security 1,900 685
Other creditors 10,888 13,198
12,788 13,883

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to other creditors in the event of a winding up.
Included in the capital account of £510,752 is an unrealised revaluation reserve of £229,130 (2022 - £229,130).