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REGISTERED NUMBER: 06453198 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Infinity Property Solutions Limited

Infinity Property Solutions Limited (Registered number: 06453198)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Infinity Property Solutions Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr K M Padhra
Mr S Patel





REGISTERED OFFICE: 335-337 Kenton Road
Harrow
Middlesex
HA3 0XS





REGISTERED NUMBER: 06453198 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Infinity Property Solutions Limited (Registered number: 06453198)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
FIXED ASSETS
Tangible assets 4 98,583 105,104
Investments 5 21,026 21,026
119,609 126,130

CURRENT ASSETS
Debtors 6 975,421 1,001,907
Cash at bank 349,793 207,502
1,325,214 1,209,409
CREDITORS
Amounts falling due within one year 7 (348,327 ) (284,068 )
NET CURRENT ASSETS 976,887 925,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,096,496

1,051,471

CREDITORS
Amounts falling due after more than one
year

8

(11,787

)

(30,478

)
NET ASSETS 1,084,709 1,020,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,084,609 1,020,893
SHAREHOLDERS' FUNDS 1,084,709 1,020,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Infinity Property Solutions Limited (Registered number: 06453198)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:




Mr S Patel - Director



Mr K M Padhra - Director


Infinity Property Solutions Limited (Registered number: 06453198)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Infinity Property Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

Infinity Property Solutions Limited (Registered number: 06453198)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 April 2023 71,892 60,575 39,635
Additions - 18,125 -
At 31 March 2024 71,892 78,700 39,635
DEPRECIATION
At 1 April 2023 71,892 24,835 33,249
Charge for year - 10,773 1,277
At 31 March 2024 71,892 35,608 34,526
NET BOOK VALUE
At 31 March 2024 - 43,092 5,109
At 31 March 2023 - 35,740 6,386

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 82,873 39,882 294,857
Additions - - 18,125
At 31 March 2024 82,873 39,882 312,982
DEPRECIATION
At 1 April 2023 32,680 27,097 189,753
Charge for year 10,039 2,557 24,646
At 31 March 2024 42,719 29,654 214,399
NET BOOK VALUE
At 31 March 2024 40,154 10,228 98,583
At 31 March 2023 50,193 12,785 105,104

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£ £
Other Investments 21,026 21,026

Infinity Property Solutions Limited (Registered number: 06453198)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 7,405 31,906
Related Party 964,001 970,001
Prepayments 4,015 -
975,421 1,001,907

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 10,648 -
Trade creditors 15,275 24,799
Taxation and social security 103,828 87,312
Other creditors 218,576 171,957
348,327 284,068

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans 11,787 30,478

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,787 30,478

9. RELATED PARTY

Related party balance represents amounts owed by Infinity Property Consultants Limited and Infinity Property Assets Ltd in which there are common directors.