| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| FOR |
| INFINITY INVESTMENTS LLP |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| FOR |
| INFINITY INVESTMENTS LLP |
| INFINITY INVESTMENTS LLP (REGISTERED NUMBER: OC392723) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| INFINITY INVESTMENTS LLP |
| GENERAL INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2nd Floor |
| Medway Bridge House |
| 1-8 Fairmeadow |
| Maidstone |
| Kent |
| ME14 1JP |
| INFINITY INVESTMENTS LLP (REGISTERED NUMBER: OC392723) |
| BALANCE SHEET |
| 30 APRIL 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,351 |
- |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
1,351 |
- |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 6 | 1,351 | - |
| Amounts due from members | 4 | - | (66,291 | ) |
| 1,351 | (66,291 | ) |
| The members acknowledge their responsibilities for: |
| (a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| INFINITY INVESTMENTS LLP (REGISTERED NUMBER: OC392723) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| 1. | STATUTORY INFORMATION |
| Infinity Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| Accounting standards require the members to consider the appropriateness of the going concern basis when preparing the financial statements. |
| The business ceased to trade during the year and it is the intention of the members that the business will be dissolved. Therefore the financial statements have been prepared on a cessation basis prior to its closure. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| Creditors |
| Short term creditors are measured at the transaction price. |
| Financial reporting standard 102 - reduced disclosure exemptions |
| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
| - the requirements of Section 7 Statement of Cash Flows; |
| - the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d); |
| - the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A; |
| - the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29; |
| - the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23; |
| - the requirements of Section 33 Related Party Disclosures paragraph 33.7. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts due from members | - | 66,291 |
| Other debtors |
| INFINITY INVESTMENTS LLP (REGISTERED NUMBER: OC392723) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Accruals and deferred income |
| 6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2024 | 2023 |
| £ | £ |
| Amounts owed to members in respect of profits | 1,351 | - |
| Falling due within one year | 1,351 | - |
| Amounts owing to members rank after other liabilities. |
| 7. | RELATED PARTY DISCLOSURES |
| Infinity Technology Solutions Limited |
| A company under common control |
| At the balance sheet date, the total amount due to Infinity Technology Solutions Limited is £Nil (2023 - £52,808). During the year, the LLP paid £52,808 (2023: received £3,500) to Infinity Technology Solutions Limited. This amount was included in creditors due within one year, bears no interest and is repayable on demand. |
| Infinity Commercial Limited |
| A company under common control |
| At the balance sheet date, the total amount due to Infinity Commercial Limited is £Nil (2023: £11,778). During the year, the LLP paid £11,778 (2023: £Nil) to Infinity Commercial Limited. This amount was included in creditors due within one year, bears no interest and is repayable on demand. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The LLP is controlled by its members. |