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Unaudited Financial Statements for the Year Ended 30 April 2024

for

Alchemy Developments (Scot) Ltd.

Alchemy Developments (Scot) Ltd. (Registered number: SC590802)






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 Developments (Scot) 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: SC590802 (Scotland)





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

Alchemy Developments (Scot) Ltd. (Registered number: SC590802)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Stocks 1,049,826 1,029,060
Debtors 4 4,330 57
Cash at bank and in hand 649 609
1,054,805 1,029,726
CREDITORS
Amounts falling due within one year 5 98,868 103,466
NET CURRENT ASSETS 955,937 926,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,937

926,260

CREDITORS
Amounts falling due after more than one year 6 973,636 930,464
NET LIABILITIES (17,699 ) (4,204 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (17,700 ) (4,205 )
SHAREHOLDERS' FUNDS (17,699 ) (4,204 )

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 Developments (Scot) Ltd. (Registered number: SC590802)

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 10 January 2025 and were signed on its behalf by:





T McMillan - Director


Alchemy Developments (Scot) Ltd. (Registered number: SC590802)

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

1. STATUTORY INFORMATION

Alchemy Developments (Scot) 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 - going concern
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.

During the year the company made a loss of £13,495 (2023 - profit £24,622) resulting in negative Shareholders Funds of £17,699 (2023 - £4,204) as shown in the company Balance Sheet. The company is in development stage of a new project and is supported by its directors and associated companies. Based on this the directors have prepared the company accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Alchemy Developments (Scot) Ltd. (Registered number: SC590802)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 4,046 57
Other debtors 284 -
4,330 57

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,075 2,115
Taxation and social security - 814
Other creditors 87,793 90,537
98,868 103,466

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,667 21,667
Other creditors 961,969 908,797
973,636 930,464

7. CALLED UP SHARE CAPITAL

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

8. RELATED PARTY DISCLOSURES

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

At the year end the company was due Alchemy Inns Ltd £961,969 (2023 - £908,797), Alchemy Investments Ltd £9,706 (2023 - £10,413).