1 July 2023 false No description of principal activity Taxfiler 2024.6 12051798business:PrivateLimitedCompanyLtd2023-07-012024-06-30 120517982023-06-30 120517982023-07-012024-06-30 12051798business:AuditExemptWithAccountantsReport2023-07-012024-06-30 12051798business:FilletedAccounts2023-07-012024-06-30 120517982024-06-30 120517982023-06-30 12051798core:WithinOneYear2024-06-30 12051798core:WithinOneYear2023-06-30 12051798core:AfterOneYear2024-06-30 12051798core:AfterOneYear2023-06-30 12051798core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 12051798core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 12051798core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 12051798core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 12051798core:PreviouslyStatedAmount2024-06-30 12051798core:PreviouslyStatedAmount2023-06-30 12051798business:SmallEntities2023-07-012024-06-30 12051798business:Director12023-07-012024-06-30 12051798countries:EnglandWales2023-07-012024-06-30 12051798business:RegisteredOffice2023-07-012024-06-30 120517982022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12051798 (England and Wales)
Infinite Property Investment Ltd Unaudited accounts for the year ended 30 June 2024
Infinite Property Investment Ltd Unaudited accounts Contents
Page
- 2 -
Infinite Property Investment Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,850,000 
1,392,900 
Current assets
Cash at bank and in hand
13,538 
226,752 
Creditors: amounts falling due within one year
(317,279)
(551,304)
Net current liabilities
(303,741)
(324,552)
Total assets less current liabilities
1,546,259 
1,068,348 
Creditors: amounts falling due after more than one year
(1,109,825)
(1,109,825)
Provisions for liabilities
Deferred tax
(114,275)
- 
Net assets/(liabilities)
322,159 
(41,477)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
322,158 
(41,478)
Shareholders' funds
322,159 
(41,477)
For the 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. 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 20 March 2025 and were signed on its behalf by
Bezhan Qurban Director Company Registration No. 12051798
- 3 -
Infinite Property Investment Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Infinite Property Investment Ltd is a private company, limited by shares, registered in England and Wales, registration number 12051798. The registered office is 278a High Street, Orpington, Kent, BR6 0ND, 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.
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.
Turnover
Turnover represents amounts receivable in respect of rent.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
1,392,900 
Net gain from fair value adjustments
457,100 
At 30 June 2024
1,850,000 
The fair value of investment properties have been arrived at on the basis of a valuation carried out by the directors. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
317,279 
551,304 
- 4 -
Infinite Property Investment Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,109,825 
1,109,825 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -