1 October 2023 false Taxfiler 2024.6 11814380business:PrivateLimitedCompanyLtd2023-10-012024-09-30 118143802023-09-30 118143802023-10-012024-09-30 11814380business:AuditExemptWithAccountantsReport2023-10-012024-09-30 11814380business:FilletedAccounts2023-10-012024-09-30 118143802024-09-30 11814380business:Director12023-10-012024-09-30 11814380business:Director22023-10-012024-09-30 11814380business:RegisteredOffice2023-10-012024-09-30 118143802023-09-30 11814380core:WithinOneYear2024-09-30 11814380core:WithinOneYear2023-09-30 11814380core:AfterOneYear2024-09-30 11814380core:AfterOneYear2023-09-30 11814380core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 11814380core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 11814380core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 11814380core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 11814380core:PreviouslyStatedAmount2024-09-30 11814380core:PreviouslyStatedAmount2023-09-30 11814380business:SmallEntities2023-10-012024-09-30 11814380countries:EnglandWales2023-10-012024-09-30 11814380core:FurnitureFittings2023-10-012024-09-30 11814380core:PlantMachinery2023-09-30 11814380core:FurnitureFittings2023-09-30 11814380core:PlantMachinery2023-10-012024-09-30 11814380core:PlantMachinery2024-09-30 11814380core:FurnitureFittings2024-09-30 118143802023-01-012023-09-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
Infinite (Property UK) Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,990 
7,321 
Investment property
934,272 
896,735 
992,262 
904,056 
Current assets
Debtors
6,742 
10,241 
Cash at bank and in hand
1,713 
113 
8,455 
10,354 
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 
Capital and reserves
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
- 5 -
Infinite (Property UK) Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
- 6 -
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 
Additions
- 
57,778 
57,778 
At 30 September 2024
2,999 
87,209 
90,208 
Depreciation
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 
Net book value
At 30 September 2024
212 
57,778 
57,990 
At 30 September 2023
962 
6,359 
7,321 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
896,735 
Additions
37,537 
At 30 September 2024
934,272 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,742 
5,241 
Amounts due from group undertakings etc.
- 
5,000 
6,742 
10,241 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
10,532 
- 
Amounts owed to group undertakings and other participating interests
593,572 
418,146 
Taxes and social security
2,521 
7,910 
Other creditors
8,181 
- 
Loans from directors
12,466 
12,466 
Accruals
1,020 
1,020 
628,292 
439,542 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,730 
19,947 
Other creditors
120,977 
160,000 
133,707 
179,947 
- 7 -
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.
10
Controlling party
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).
- 8 -