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REGISTERED NUMBER: 14077280 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Infinity Incorporated Group Limited

Infinity Incorporated Group Limited (Registered number: 14077280)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Infinity Incorporated Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Cohen





REGISTERED OFFICE: 1 Central Street
Manchester
M2 5WR





REGISTERED NUMBER: 14077280 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Infinity Incorporated Group Limited (Registered number: 14077280)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 47,341 47,809
Investments 5 100 100
Investment property 6 1,781,715 1,786,196
1,829,156 1,834,105

CURRENT ASSETS
Debtors 7 190,041 -
Cash at bank 10,110 89,078
200,151 89,078
CREDITORS
Amounts falling due within one year 8 867,265 681,563
NET CURRENT LIABILITIES (667,114 ) (592,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,162,042

1,241,620

CREDITORS
Amounts falling due after more than one
year

9

326,609

377,761
NET ASSETS 835,433 863,859

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 835,333 863,759
835,433 863,859

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 director acknowledges his 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 Incorporated Group Limited (Registered number: 14077280)

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.

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

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





S Puddy - Director


Infinity Incorporated Group Limited (Registered number: 14077280)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Infinity Incorporated Group 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 NIL (2022 - NIL).

Infinity Incorporated Group Limited (Registered number: 14077280)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023
and 31 December 2023 49,489
DEPRECIATION
At 1 January 2023 1,680
Charge for year 468
At 31 December 2023 2,148
NET BOOK VALUE
At 31 December 2023 47,341
At 31 December 2022 47,809

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,786,196
DEPRECIATION
Charge for year 4,481
At 31 December 2023 4,481
NET BOOK VALUE
At 31 December 2023 1,781,715
At 31 December 2022 1,786,196

Infinity Incorporated Group Limited (Registered number: 14077280)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 61,941 -
Other debtors 128,100 -
190,041 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 50,820 50,820
Amounts owed to group undertakings 797,643 621,277
Taxation and social security 13,902 6,166
Other creditors 4,900 3,300
867,265 681,563

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Bank loans 326,609 377,761

10. RELATED PARTY DISCLOSURES

Within trade debtors are amounts due of £61,941 (2022 - £nil) from Infinity Incorporated Ltd, a subsidiary of the company.