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REGISTERED NUMBER: 12399399 (England and Wales)














Abridged Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Infinity Sphere Limited

Infinity Sphere Limited (Registered number: 12399399)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Infinity Sphere Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr N P Jones





REGISTERED OFFICE: 21 Mallard Way
South Elmsall
Pontefract
WF9 2FH





REGISTERED NUMBER: 12399399 (England and Wales)





ACCOUNTANTS: Peckitt Ogden & Co
Chartered Certified Accountants
8 Marsden Park
James Nicolson Link
Clifton Moor
York
YO30 4WX

Infinity Sphere Limited (Registered number: 12399399)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 926,563 912,182

CURRENT ASSETS
Cash at bank 3,827 1,826

CREDITORS
Amounts falling due within one year 388,933 117,312
NET CURRENT LIABILITIES (385,106 ) (115,486 )
TOTAL ASSETS LESS CURRENT LIABILITIES 541,457 796,696

CREDITORS
Amounts falling due after more than one year 5 654,779 898,953
NET LIABILITIES (113,322 ) (102,257 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (113,422 ) (102,357 )
SHAREHOLDERS' FUNDS (113,322 ) (102,257 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Sphere Limited (Registered number: 12399399)

Abridged Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 January 2024 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 director and authorised for issue on 22 October 2024 and were signed by:





Mr N P Jones - Director


Infinity Sphere Limited (Registered number: 12399399)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Infinity Sphere 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Infinity Sphere Limited (Registered number: 12399399)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 February 2023 894,682 27,978 922,660
Additions 20,000 - 20,000
At 31 January 2024 914,682 27,978 942,660
DEPRECIATION
At 1 February 2023 - 10,478 10,478
Charge for year - 5,619 5,619
At 31 January 2024 - 16,097 16,097
NET BOOK VALUE
At 31 January 2024 914,682 11,881 926,563
At 31 January 2023 894,682 17,500 912,182

The House on 24 Mill Lane, York was bought 20th May 2020. The amount spent on the purchase price and cost of improvements is £559,535.

The House on 26 Hawthorne Grove, York was bought 13th October 2021. The amount spent on the purchase price is £355,146.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 390,775 390,775

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 390,775 390,775

Interbay Funding Limited holds a fixed and floating charge over all that freehold interest in the land and property of 24 Mill Lane.

Infinity Sphere Limited (Registered number: 12399399)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 100 100