Registered number
12878343
TwentyNine Infra Assets Limited
Filleted Accounts
30 September 2023
TwentyNine Infra Assets Limited
Registered number: 12878343
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 125,941 85,619
Current assets
Cash at bank and in hand 7,254 3,098
Creditors: amounts falling due within one year 4 (106,192) (76,216)
Net current liabilities (98,938) (73,118)
Net assets 27,003 12,501
Capital and reserves
Called up share capital 200 200
Revaluation reserve 5 22,569 13,273
Profit and loss account 4,234 (972)
Shareholder's funds 27,003 12,501
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mats Thunes Hope
Director
Approved by the board on 8 August 2024
TwentyNine Infra Assets Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 October 2022 85,619
Additions 40,322
At 30 September 2023 125,941
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 106,192 76,216
5 Revaluation reserve 2023 2022
£ £
At 1 October 2022 13,273 3,629
Unrealized Gain/Loss on Investment 7,812 8,104
Deferred taxation arising on the revaluation of land and buildings 1,484 1,540
At 30 September 2023 22,569 13,273
6 Other information
TwentyNine Infra Assets Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O The Accountancy Partnership
Twelve Quays House
Egerton Wharf
Wirral
CH41 1LD
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