REGISTERED NUMBER: SC268420 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Alchemist Estates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B Gillies

SECRETARY:

J Cruden

REGISTERED OFFICE:

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

REGISTERED NUMBER:

SC268420 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

BANKERS:

Royal Bank of Scotland plc

Glasgow City Branch

10 Gordon Street

Glasgow

Lanarkshire

G1 3PL

FIXED ASSETS

Tangible assets

2

3,657

2,946

Investments

3

64,107

103,449

67,764

106,395

CURRENT ASSETS

Debtors

341,742

336,630

Cash at bank and in hand

122,844

114,943

464,586

451,573

CREDITORS

Amounts falling due within one year

510,573

549,547

NET CURRENT LIABILITIES

(45,987

)

(97,974

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,777

8,421

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

20,777

7,421

SHAREHOLDERS' FUNDS

21,777

8,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 April 2015 and were signed by:

B Gillies - Director

1.	ACCOUNTING POLICIES

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).

At they year end the company had net current liabilities of £45,987. 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.

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.

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.

Turnover

Turnover represents property management charges in the period, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

41,315

Additions

1,625

At 30 June 2014

42,940

DEPRECIATION

At 1 July 2013

38,369

Charge for year

914

At 30 June 2014

39,283

NET BOOK VALUE

At 30 June 2014

3,657

At 30 June 2013

2,946

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

and 30 June 2014

35,002

NET BOOK VALUE

At 30 June 2014

35,002

At 30 June 2013

35,002

Investments (neither listed nor unlisted) were as follows:

2014

2013

£

£

Opening cost

68,447

161,608

Additions

22,247

56,884

Disposals

(61,589

)

(141,562

)

Impairment provision

-

(8,483

)

29,105

68,447

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Alchemist Properties Limited

Nature of business: Development property

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

2,623,013

2,937,364

Profit for the year/period

226,517

306,177

Kilcreggan Developments Limited

Country of incorporation: Scotland

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

65.00

2014

2013

£

£

Aggregate capital and reserves

992

10,126

Loss for the year/period

(34,134

)

(3,779

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the period end, the company owed £31,468 to the director (2013: £103,129 owed by the director).

The maximum amount outstanding during the year was £403,815 owed to the company. No interest

is payable on the loan.