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ALCHEMY FARMING FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Alchemy Farming Finance Ltd is a limited company incorporated in England and Wales. The address of
the registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP. The nature of the Company's operations and its principal activity are disclosed in the Director's Report.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are
measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method, less any impairment. This receivable is reduced
as the lessee makes capital repayments over the term of the lease.
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Related party transactions
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Included in debtors is an amount of £100 due to Alchemy Business Finance Limited, the parent company. This loan unsecured, interest-free and repayable on demand.
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