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REGISTERED NUMBER: 10070501 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Infinity 2016 (Holdings) Ltd

Infinity 2016 (Holdings) Ltd (Registered number: 10070501)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Infinity 2016 (Holdings) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R K Aggarwal
Mrs K Aggarwal





REGISTERED OFFICE: 90 Lewisham Road
Smethwick
West Midlands
B66 2DD





REGISTERED NUMBER: 10070501 (England and Wales)






Infinity 2016 (Holdings) Ltd (Registered number: 10070501)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,061 3,626
Investments 5 61,640 58,395
Investment property 6 1,760,000 1,930,000
1,824,701 1,992,021

CURRENT ASSETS
Debtors 7 4,531 2,416
Cash at bank 497,875 566,240
502,406 568,656
CREDITORS
Amounts falling due within one year 8 38,337 442,392
NET CURRENT ASSETS 464,069 126,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,288,770

2,118,285

PROVISIONS FOR LIABILITIES 9 94,170 76,080
NET ASSETS 2,194,600 2,042,205

CAPITAL AND RESERVES
Called up share capital 10 184 184
Retained earnings 11 2,194,416 2,042,021
SHAREHOLDERS' FUNDS 2,194,600 2,042,205

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 2016 (Holdings) Ltd (Registered number: 10070501)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Mr R K Aggarwal - Director


Infinity 2016 (Holdings) Ltd (Registered number: 10070501)

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

1. STATUTORY INFORMATION

Infinity 2016 (Holdings) Ltd 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 15% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Infinity 2016 (Holdings) Ltd (Registered number: 10070501)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 5,606 519 6,125
DEPRECIATION
At 1 April 2023 2,395 104 2,499
Charge for year 482 83 565
At 31 March 2024 2,877 187 3,064
NET BOOK VALUE
At 31 March 2024 2,729 332 3,061
At 31 March 2023 3,211 415 3,626

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 April 2023 58,395
Revaluations 3,245
At 31 March 2024 61,640
NET BOOK VALUE
At 31 March 2024 61,640
At 31 March 2023 58,395

Cost or valuation at 31 March 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2018 65,371
Valuation in 2019 10,419
Valuation in 2020 (12,970 )
Valuation in 2021 10,431
Valuation in 2022 (7,145 )
Valuation in 2023 (7,734 )
Valuation in 2024 3,245
Cost 23
61,640

Infinity 2016 (Holdings) Ltd (Registered number: 10070501)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,930,000
Disposals (170,000 )
At 31 March 2024 1,760,000
NET BOOK VALUE
At 31 March 2024 1,760,000
At 31 March 2023 1,930,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 98,839
Valuation in 2019 (1,613 )
Valuation in 2020 20,000
Valuation in 2021 (27,226 )
Valuation in 2022 127,026
Valuation in 2023 125,000
Valuation in 2024 (26,987 )
Cost 1,444,961
1,760,000

The investment properties folio were valued by the Directors based on nearby sales value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,877 -
Other debtors 2,654 2,416
4,531 2,416

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors (1 ) -
Taxation and social security 28,274 15,511
Other creditors 10,064 426,881
38,337 442,392

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Deferred tax 78,760 64,985
Deferred tax (2) 15,410 11,095
94,170 76,080

Infinity 2016 (Holdings) Ltd (Registered number: 10070501)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 76,080
Charge to Income Statement during year 18,090
Balance at 31 March 2024 94,170

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 A Ordinary 1 50 50
50 B Ordinary 1 50 50
84 C Ordinary 1 84 84
184 184

The current shareholders of the company are as follows:

50 A Ordinary shares held by Mr Rakesh Aggarwal
50 B Ordinary shares held by Mrs Kiran Aggarwal
54 C Ordinary shares held by The Rakesh Aggarwal Discretionary Settlement
14 C Ordinary shares held by The Kiran Aggarwal Discretionary Settlement
8 C Ordinary shares held by The Rattan Aggarwal Discretionary Settlement
8 C Ordinary shares held by The Kaushalya Aggarwal Discretionary Settlement

11. RESERVES
Retained
earnings
£   

At 1 April 2023 2,042,021
Profit for the year 152,395
At 31 March 2024 2,194,416

12. RELATED PARTY DISCLOSURES

a) The company holds 46 A ordinary shares in Lewisham Ltd, nominal value of 0.50 per share on 23/03/2016.

b) The Directors of the company Mr R K Aggarwal owns 92 B and Mrs K Aggarwal owns 12 C shares respectively in Lewisham Limited.

c) The company portfolio investment comprises 10 properties.

13. ULTIMATE CONTROLLING PARTY

The board of directors are the controlling party.