Alchemy Properties LLP - Accounts to registrar (filleted) - small 18.1

Alchemy Properties LLP - Accounts to registrar (filleted) - small 18.1

ALCHEMY PROPERTIES LLP - Company Information

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REGISTERED NUMBER: OC387943 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ALCHEMY PROPERTIES LLP
ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALCHEMY PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DESIGNATED MEMBERS: A N Butcher
The Rhion and Erin Butcher Trust





REGISTERED OFFICE: 175 Risca Road
Newport
SOUTH WALES
NP20 3PQ





REGISTERED NUMBER: OC387943 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
1st Floor..
Nathaniel House
David Street
Bridgend
South Wales
CF31 3SA
Page 1
ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

BALANCE SHEET
30 SEPTEMBER 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 1,115,000 785,715

CURRENT ASSETS
Debtors 4 350 350
Cash at bank 5,359 20,758
5,709 21,108
CREDITORS
Amounts falling due within one year 5 37,051 46,798
NET CURRENT LIABILITIES (31,342 ) (25,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,083,658
760,025

CREDITORS
Amounts falling due after more than one
year
6
325,915
359,008
NET ASSETS ATTRIBUTABLE TO
MEMBERS
757,743
401,017

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
757,743
401,017

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 757,743 401,017

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 September 2017.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies
Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by
the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
relating to financial statements, so far as applicable to the LLP.

The notes form part of these financial statements

Page 2 continued...
ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

BALANCE SHEET - continued
30 SEPTEMBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 25 June 2018 and were signed by:





A N Butcher - Designated member

The notes form part of these financial statements

Page 3
ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017


1. STATUTORY INFORMATION

Alchemy Properties LLP is registered in England and Wales. The LLP's registered number and registered office
address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Investment properties
No depreciation is required in respect of investment properties in accordance with the Financial Reporting
Standard for Smaller Entities.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2016 785,715
Additions 10,297
Revaluations 318,988
At 30 September 2017 1,115,000
NET BOOK VALUE
At 30 September 2017 1,115,000
At 30 September 2016 785,715

Fair value at 30 September 2017 is represented by:

£   
Valuation in 2017 318,988
Cost 796,012
1,115,000

Page 4 continued...
ALCHEMY PROPERTIES LLP (REGISTERED NUMBER: OC387943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


3. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

30.9.17 30.9.16
£    £   
Cost 796,012 785,715

The members carried out their own fair value assessment of the investment properties. The members have arrived
at their assessment of the fair value of the investment properties following informal discussions with a local
chartered surveyor and following a review of selling prices of similar properties in their area.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Other debtors 350 350

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Taxation and social security 1,230 3,770
Other creditors 35,821 43,028
37,051 46,798

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.17 30.9.16
£    £   
Other creditors 325,915 359,008

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.17 30.9.16
£    £   
Loans 355,315 390,408

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to other creditors in the event of a winding
up.

9. FAIR VALUE GAIN

Within the profit for the year, £318,988 is in relation to the fair value gain on the investment property.

Page 5