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REGISTERED NUMBER: 12344433 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Infinitus Lettings Ltd

Infinitus Lettings Ltd (Registered number: 12344433)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Infinitus Lettings Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTORS: S N Wright
Mrs M K Wright





SECRETARY: Mrs M K Wright





REGISTERED OFFICE: 8 Woodbourne Avenue
Leeds
LS17 5PQ





REGISTERED NUMBER: 12344433 (England and Wales)





ACCOUNTANTS: Xeinadin Bushells
6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED

Infinitus Lettings Ltd (Registered number: 12344433)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,477 1,969
Investment property 5 1,920,000 1,920,000
1,921,477 1,921,969

CURRENT ASSETS
Debtors 67,304 132,778
Cash at bank 30,471 25,815
97,775 158,593
CREDITORS
Amounts falling due within one year 187,227 503,530
NET CURRENT LIABILITIES (89,452 ) (344,937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,832,025

1,577,032

CREDITORS
Amounts falling due after more than one
year

6

1,270,000

993,000
NET ASSETS 562,025 584,032

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 378,057 378,057
Retained earnings 183,866 205,873
562,025 584,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Infinitus Lettings Ltd (Registered number: 12344433)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





S N Wright - Director


Infinitus Lettings Ltd (Registered number: 12344433)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Infinitus Lettings Ltd 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 represents amounts receivable on rental agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Infinitus Lettings Ltd (Registered number: 12344433)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 3,500
DEPRECIATION
At 1 January 2023 1,531
Charge for year 492
At 31 December 2023 2,023
NET BOOK VALUE
At 31 December 2023 1,477
At 31 December 2022 1,969

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,920,000
NET BOOK VALUE
At 31 December 2023 1,920,000
At 31 December 2022 1,920,000

The original cost of the investment properties was £1,920,000. The directors consider this a fair reflection of the value at the year end.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans more than 5 years - 221,000

Infinitus Lettings Ltd (Registered number: 12344433)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,452,000 1,452,000

The bank loans are mortgages which are secured on the properties to which they relate.

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 31 December 2023 of £5,544 (31 December 2022 - £8,712).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
S N Wright and Mrs M K Wright
Balance outstanding at start of year 132,778 (77,490 )
Amounts advanced 67,951 214,867
Amounts repaid (138,252 ) (4,599 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,477 132,778

The advances attract interest at the HMRC official rate of interest and there are no repayment terms.