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Unaudited Financial Statements for the Year Ended 30 April 2024

for

Alchemy Investments (Scotland) Ltd.

Alchemy Investments (Scotland) Ltd. (Registered number: SC645875)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alchemy Investments (Scotland) Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T McMillan
Mrs P McMillan





REGISTERED OFFICE: 24 Carlyle Avenue
Hillington Park
Glasgow
G52 4XX





REGISTERED NUMBER: SC645875 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Alchemy Investments (Scotland) Ltd. (Registered number: SC645875)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 578,217 578,217

CURRENT ASSETS
Debtors 5 210,227 187,118
Cash at bank and in hand 1,378 3,288
211,605 190,406
CREDITORS
Amounts falling due within one year 6 48,793 28,219
NET CURRENT ASSETS 162,812 162,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,029

740,404

CREDITORS
Amounts falling due after more than one year 7 637,356 647,317
NET ASSETS 103,673 93,087

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 103,672 93,086
SHAREHOLDERS' FUNDS 103,673 93,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Investments (Scotland) Ltd. (Registered number: SC645875)

Balance Sheet - continued
30 April 2024


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 11 January 2025 and were signed on its behalf by:





T McMillan - Director


Alchemy Investments (Scotland) Ltd. (Registered number: SC645875)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Alchemy Investments (Scotland) Ltd. is a private company, limited by shares , registered in Scotland. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

The directors have decided not to provide depreciation on freehold property in contravention of standard accounting policy during this period. The depreciation policy will be reviewed on an annual basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Alchemy Investments (Scotland) Ltd. (Registered number: SC645875)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2023
and 30 April 2024 578,217
NET BOOK VALUE
At 30 April 2024 578,217
At 30 April 2023 578,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,806 7,434
Other debtors 208,421 179,684
210,227 187,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,540 1,032
Taxation and social security 9,332 9,332
Other creditors 27,921 7,855
48,793 28,219

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 323,356 333,317
Other creditors 314,000 314,000
637,356 647,317

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 "A" ordinary £1 1 1

Alchemy Investments (Scotland) Ltd. (Registered number: SC645875)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RELATED PARTY DISCLOSURES

The company was under control of its director and shareholder Mr Thomas McMillan during the year. Mr McMillan also has a controlling interest in Alchemy Developments Ltd, and Alchemy Inns Ltd.

The business was due to receive from Alchemy Inns Ltd £198,715 (2023 - £169,270) at the year end. The business was due to receive £9,706 (2023 - £10,413) from Alchemy Developments Ltd as at the year end.