Company Registration No. 13890012 (England and Wales)
THE INFINITY GROUP PROPERTY MANAGEMENT LTD.
Unaudited accounts
for the year ended 29 February 2024
THE INFINITY GROUP PROPERTY MANAGEMENT LTD.
Unaudited accounts
Contents
THE INFINITY GROUP PROPERTY MANAGEMENT LTD.
Company Information
for the year ended 29 February 2024
Director
Nebahat Ural MOLLA
Company Number
13890012 (England and Wales)
Registered Office
25 BLAKE ROAD
CORBY
NN18 9LL
ENGLAND
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
THE INFINITY GROUP PROPERTY MANAGEMENT LTD.
Statement of financial position
as at 29 February 2024
Tangible assets
380,109
380,000
Cash at bank and in hand
811
28
Creditors: amounts falling due within one year
(379,331)
(379,943)
Net current liabilities
(378,520)
(379,915)
Called up share capital
1
1
Profit and loss account
1,588
84
Shareholders' funds
1,589
85
For the year ending 29 February 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 19 November 2024 and were signed on its behalf by
Nebahat Ural MOLLA
Director
Company Registration No. 13890012
THE INFINITY GROUP PROPERTY MANAGEMENT LTD.
Notes to the Accounts
for the year ended 29 February 2024
THE INFINITY GROUP PROPERTY MANAGEMENT LTD. is a private company, limited by shares, registered in England and Wales, registration number 13890012. The registered office is 25 BLAKE ROAD, CORBY, NN18 9LL, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in ã sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not Depreciated
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 March 2023
380,000
-
380,000
At 29 February 2024
380,000
145
380,145
Charge for the year
-
36
36
At 29 February 2024
-
36
36
At 29 February 2024
380,000
109
380,109
At 28 February 2023
380,000
-
380,000
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,343
1,643
Taxes and social security
1,004
371
Loans from directors
376,984
377,929
THE INFINITY GROUP PROPERTY MANAGEMENT LTD.
Notes to the Accounts
for the year ended 29 February 2024
6
Transactions with related parties
During the year, the company received a loan amounting to ÃÂã376,984 (2023: ÃÂã377,929) from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).