Company Registration No. 11814380 (England and Wales)
Infinite (Property UK) Ltd
Unaudited accounts
for the year ended 30 September 2024
Infinite (Property UK) Ltd
Unaudited accounts
Contents
Infinite (Property UK) Ltd
Company Information
for the year ended 30 September 2024
Directors
W Thompson
J Thompson
Company Number
11814380 (England and Wales)
Registered Office
Manor Farm
3 High Street
Snainton
North Yorkshire
YO13 9AE
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Infinite (Property UK) Ltd
Accountants' report
Accountants' report to the board of directors of Infinite (Property UK) Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Infinite (Property UK) Ltd for the year ended
30 September 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Infinite (Property UK) Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Infinite (Property UK) Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Infinite (Property UK) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Infinite (Property UK) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Infinite (Property UK) Ltd. You consider that Infinite (Property UK) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Infinite (Property UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
16 January 2025
Infinite (Property UK) Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
57,990
7,321
Investment property
934,272
896,735
Cash at bank and in hand
1,713
113
Creditors: amounts falling due within one year
(628,292)
(439,542)
Net current liabilities
(619,837)
(429,188)
Total assets less current liabilities
372,425
474,868
Creditors: amounts falling due after more than one year
(133,707)
(179,947)
Net assets
238,718
294,921
Called up share capital
100
100
Profit and loss account
238,618
294,821
Shareholders' funds
238,718
294,921
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by
J Thompson
Director
Company Registration No. 11814380
Infinite (Property UK) Ltd
Notes to the Accounts
for the year ended 30 September 2024
Infinite (Property UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11814380. The registered office is Manor Farm, 3 High Street, Snainton, North Yorkshire, YO13 9AE, 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 £ 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:
Fixtures & fittings
25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Infinite (Property UK) Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
2,999
29,431
32,430
At 30 September 2024
2,999
87,209
90,208
At 1 October 2023
2,037
23,072
25,109
Charge for the year
750
6,359
7,109
At 30 September 2024
2,787
29,431
32,218
At 30 September 2024
212
57,778
57,990
At 30 September 2023
962
6,359
7,321
Fair value at 1 October 2023
896,735
At 30 September 2024
934,272
Amounts falling due within one year
Amounts due from group undertakings etc.
-
5,000
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
593,572
418,146
Taxes and social security
2,521
7,910
Loans from directors
12,466
12,466
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
120,977
160,000
Infinite (Property UK) Ltd
Notes to the Accounts
for the year ended 30 September 2024
9
Transactions with related parties
Included in current liabilities are loans from group companies totalling £593,572 (2023 - £418,146). The loans are interest-free and repayable on demand.
The ultimate controlling party is Infinite UK Group Holdings Limited (company registration number 11905027), registered office address:
Manor Farm
3 High Street
Snainton
Scarborough
YO13 9AE
England
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).