Company Registration No. 10779177 (England and Wales)
ALCEMA INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
PAGES FOR FILING WITH REGISTRAR
ALCEMA INVESTMENTS LIMITED
COMPANY INFORMATION
Directors
Mrs J K Spencer
Mr J M Spencer
Company number
10779177
Registered office
Unit 7
The Courtyard
Meadowbank
Bourne End
Buckinghamshire
SL8 5AU
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC Bank Plc
13 Chapel Street
Stratford Upon Avon
Warwickshire
CV37 6ET
ALCEMA INVESTMENTS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
ALCEMA INVESTMENTS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALCEMA INVESTMENTS LIMITED FOR THE YEAR ENDED 31 MAY 2022
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alcema Investments Limited for the year ended 31 May 2022 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Alcema Investments Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alcema Investments Limited
and state those matters that we have agreed to state to the Board of Directors of Alcema Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alcema Investments Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Alcema Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and profit of Alcema Investments Limited. You consider that Alcema Investments Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Alcema Investments Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
5 December 2022
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ALCEMA INVESTMENTS LIMITED
BALANCE SHEET
- 2 -
2022
2021
Notes
£
£
£
£
Fixed assets
Investments
3
75,004
75,004
Current assets
Debtors
4
138,046
1,517
Cash at bank and in hand
95,338
368,475
233,384
369,992
Creditors: amounts falling due within one year
5
(55,737)
(436,967)
Net current assets/(liabilities)
177,647
(66,975)
Total assets less current liabilities
252,651
8,029
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
252,649
8,027
Total equity
252,651
8,029
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 December 2022 and are signed on its behalf by:
Mr J M Spencer
Director
Company Registration No. 10779177
ALCEMA INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
- 3 -
1
Accounting policies
Company information
Alcema Investments Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Unit 7, The Courtyard, Meadowbank, Bourne End, Buckinghamshire, SL8 5AU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section
399
of the
Companies Act 2006 not to prepare consolidated accounts
, on the basis that the group of which this is the parent qualifies as a small group
. The
financial statements
present information about the company as an individual entity and not about its group
.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2
(2020 - 2).
3
Fixed asset investments
2022
2021
£
£
Investments
75,004
75,004
ALCEMA INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2022
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 June 2021 & 31 May 2022
75,004
Carrying amount
At 31 May 2022
75,004
At 31 May 2021
75,004
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
136,529
Other debtors
1,517
1,517
138,046
1,517
5
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
188
68
Amounts owed to group undertakings
54,024
434,574
Other creditors
1,525
2,325
55,737
436,967
6
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary A of £1 each
1
1
1 Ordinary B of £1 each
1
1
2
2
7
Related party transactions
ALCEMA INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2022
7
Related party transactions
(Continued)
- 5 -
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
8
Ultimate controlling party
The ultimate controlling party is Mr J M Spencer and Mrs J K Spencer.