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Registration number: 08268187

Infinity (Bristol) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Infinity (Bristol) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Infinity (Bristol) Limited

Company Information

Directors

J A Tolfree

V M O'Shea

Company secretary

Burton Sweet Company Secretarial Limited

Registered office

Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Infinity (Bristol) Limited

(Registration number: 08268187)
Balance Sheet
30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

900,000

900,000

Current assets

 

Debtors

5

-

3,482

Cash at bank and in hand

 

59,718

32,632

 

59,718

36,114

Creditors: Amounts falling due within one year

6

(43,948)

(52,952)

Net current assets/(liabilities)

 

15,770

(16,838)

Total assets less current liabilities

 

915,770

883,162

Creditors: Amounts falling due after more than one year

6

(132,763)

(157,965)

Net assets

 

783,007

725,197

Capital and reserves

 

Called up share capital

2

2

Retained earnings

783,005

725,195

Shareholders' funds

 

783,007

725,197

 

Infinity (Bristol) Limited

(Registration number: 08268187)
Balance Sheet
30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

.........................................
J A Tolfree
Director

 

Infinity (Bristol) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the Board on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises rent received on residential property and is not subject to VAT.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Infinity (Bristol) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by the directors.

Trade debtors

Trade debtors are amounts due from customers services performed in the ordinary course of business and are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest expense is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 July

900,000

At 30 June

900,000

5

Debtors

2024
£

2023
£

Other debtors

-

3,482

-

3,482

 

Infinity (Bristol) Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

24,000

24,000

Taxation and social security

 

18,292

27,416

Accruals and deferred income

 

1,656

1,536

 

43,948

52,952

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

132,763

157,965

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

132,763

157,965

Current loans and borrowings

2024
£

2023
£

Bank borrowings

24,000

24,000

Barclays Bank Plc hold a charge over the investment property held by the company.