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Company Registration No. 12117794 (England and Wales)
Infinity Invest Ltd Unaudited accounts for the year ended 31 July 2024
Infinity Invest Ltd Unaudited accounts Contents
Page
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Infinity Invest Ltd Company Information for the year ended 31 July 2024
Director
Mr Metash Jilka
Company Number
12117794 (England and Wales)
Registered Office
8 St. Davids Crescent Leicester Leicestershire LE2 2RL England
Accountants
Advanced Tax Solutions Ltd t/a Tax Made Easy Unit 24, King Street Buildings Enderby Leicester Leicestershire LE19 4NT
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Infinity Invest Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
147 
3,575 
Investment property
105,480 
105,480 
105,627 
109,055 
Current assets
Debtors
71 
- 
Cash at bank and in hand
683 
777 
754 
777 
Creditors: amounts falling due within one year
(39,887)
(42,975)
Net current liabilities
(39,133)
(42,198)
Total assets less current liabilities
66,494 
66,857 
Creditors: amounts falling due after more than one year
(81,454)
(81,200)
Net liabilities
(14,960)
(14,343)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(15,060)
(14,443)
Shareholders' funds
(14,960)
(14,343)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
Mr Metash Jilka Director Company Registration No. 12117794
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Infinity Invest Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Infinity Invest Ltd is a private company, limited by shares, registered in England and Wales, registration number 12117794. The registered office is 8 St. Davids Crescent, Leicester, Leicestershire, LE2 2RL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investment Property
Investments is shown at the most recent valuation. The aggregate surplus or deficit arising from changes in the fair value is recognized in the profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus they continue to adopt the going concern basis in the preparation of the financial statements.
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Infinity Invest Ltd Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
17,141 
At 31 July 2024
17,141 
Amortisation
At 1 August 2023
13,566 
Charge for the year
3,428 
At 31 July 2024
16,994 
Net book value
At 31 July 2024
147 
At 31 July 2023
3,575 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
105,480 
At 31 July 2024
105,480 
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
71 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
39,187 
42,275 
Accruals
700 
700 
39,887 
42,975 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
81,200 
81,200 
Taxes and social security
254 
- 
81,454 
81,200 
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Infinity Invest Ltd Notes to the Accounts for the year ended 31 July 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
75 Ordinary shares A of £1 each
75 
75 
25 Ordinary shares B of £1 each
25 
25 
100 
100 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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