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Abbreviated Unaudited Accounts |
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for the Year Ended 30 June 2015 |
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for |
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Alchemist Estates Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 June 2015 |
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for |
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Alchemist Estates Limited |
Alchemist Estates Limited (Registered number: SC268420) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Alchemist Estates Limited |
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Company Information |
for the Year Ended 30 June 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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Alchemist Estates Limited (Registered number: SC268420) |
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Abbreviated Balance Sheet |
30 June 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
Alchemist Estates Limited (Registered number: SC268420) |
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Abbreviated Balance Sheet - continued |
30 June 2015 |
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The financial statements were approved by the director on
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Alchemist Estates Limited (Registered number: SC268420) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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At they year end the company had net liabilities of £67,201. However, with the continued support of |
the director, its subsidiaries and associated companies, the company will be able to meet its debts as |
they fall due. |
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In addition, the director believes that current and future sources of funding will be more than adequate |
for the company's needs. As such, it is therefore appropriate that the financial statements be prepared |
on the going concern basis. |
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Preparation of consolidated financial statements |
The financial statements contain information about Alchemist Estates Limited as an individual |
company and do not contain consolidated financial information as the parent of a group. The company |
has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated |
financial statements. |
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Turnover |
Turnover represents property management charges in the period, net of value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Deferred tax is provided at the average rates that are expected to apply when the timing differences |
reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising |
from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets |
and liabilities are not discounted. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
Alchemist Estates Limited (Registered number: SC268420) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
and 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 July 2014 |
and 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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Investments (neither listed nor unlisted) were as follows: |
2015 | 2014 |
£ | £ |
Opening cost | 29,105 | 68,447 |
Additions | - | 22,247 |
Disposals | (29,105 | ) | (61,589 | ) |
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Alchemist Estates Limited (Registered number: SC268420) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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3. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves | 2,201,174 | 2,623,013 |
Profit for the year | 113,161 | 226,517 |
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Country of incorporation:
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Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves | (63,015 | ) | 992 |
Loss for the year | (34,007 | ) | (34,134 | ) |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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At the year end, the company owed £740,441 to the director (2014: £31,468). The maximum amount |
outstanding during the year was £110,441 owed to the company. No interest is payable on the loan. In |
March 2015, the company wrote off loans due from the director amounting to £30,000. |