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REGISTERED NUMBER: SC643811 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

INFINITYBLU HOLDINGS LIMITED

INFINITYBLU HOLDINGS LIMITED (REGISTERED NUMBER: SC643811)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

INFINITYBLU HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: C Barrowman





REGISTERED OFFICE: Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX





REGISTERED NUMBER: SC643811 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

INFINITYBLU HOLDINGS LIMITED (REGISTERED NUMBER: SC643811)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,333 23,333
Investment property 5 2,777,500 950,000
2,786,833 973,333

CURRENT ASSETS
Debtors 6 4,743 430
Cash at bank 718 1,458
5,461 1,888
CREDITORS
Amounts falling due within one year 7 720,442 438,371
NET CURRENT LIABILITIES (714,981 ) (436,483 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,071,852

536,850

CREDITORS
Amounts falling due after more than one year 8 (259,162 ) (242,612 )

PROVISIONS FOR LIABILITIES 11 (486,864 ) (78,958 )
NET ASSETS 1,325,826 215,280

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 12 1,460,585 236,874
Retained earnings (134,859 ) (21,694 )
SHAREHOLDERS' FUNDS 1,325,826 215,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2025 and were signed by:





C Barrowman - Director


INFINITYBLU HOLDINGS LIMITED (REGISTERED NUMBER: SC643811)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Infinityblu Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The financial statements have been prepared on a going concern basis on the assumption that the company will continue to receive support from the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

INFINITYBLU HOLDINGS LIMITED (REGISTERED NUMBER: SC643811)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 70,000
AMORTISATION
At 1 August 2023 46,667
Charge for year 14,000
At 31 July 2024 60,667
NET BOOK VALUE
At 31 July 2024 9,333
At 31 July 2023 23,333

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 950,000
Additions 195,877
Revaluations 1,631,623
At 31 July 2024 2,777,500
NET BOOK VALUE
At 31 July 2024 2,777,500
At 31 July 2023 950,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 315,832
Valuation in 2024 1,631,623
Cost 830,045
2,777,500

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 830,045 634,168

Investment property was valued on an open market basis on 31 July 2024 by DM Hall Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 4,743 430

INFINITYBLU HOLDINGS LIMITED (REGISTERED NUMBER: SC643811)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 251,130 97,173
Trade creditors 5,306 -
Amounts owed to group undertakings 456,686 -
Infinityblu Healthcare Ltd - 332,698
Directors' current accounts 5,212 4,900
Accrued expenses 2,108 3,600
720,442 438,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 259,162 242,612

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 81,848 79,595

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 251,130 97,173

Amounts falling due between one and two years:
Bank loans - 1-2 years 116,434 105,848

Amounts falling due between two and five years:
Bank loans - 2-5 years 60,880 57,169

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 81,848 79,595

10. SECURED DEBTS

The company has granted standard security in favour of Wesleyan Bank Limited over 18,19 and 20 Commercial Street, Alyth, Blairgowrie PH11 8AF.

The company has also granted Ancillary Rights not secured by the standard security in favour of Wesleyan Bank Limited as well as floating charges over all and whole the former shop premises now a dental practice known as 8,19 and 20 Commercial Street, Alyth, Blairgowrie PH11 8AF.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 486,864 78,958

INFINITYBLU HOLDINGS LIMITED (REGISTERED NUMBER: SC643811)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 78,958
Provided during year 407,906
Balance at 31 July 2024 486,864

12. RESERVES
Revaluation
reserve
£   
At 1 August 2023 236,874
Transfer 1,223,711

At 31 July 2024 1,460,585

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
C Barrowman
Balance outstanding at start of year (4,900 ) (4,900 )
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,212 ) (4,900 )

14. RELATED PARTY DISCLOSURES

As at 31 July 2024, there is a balance due to a company of £456,686 (2023: £332,698) under shared control and ownership of the director.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INFINITYBLU HOLDINGS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Infinityblu Holdings Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Infinityblu Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Infinityblu Holdings Limited and state those matters that we have agreed to state to the director of Infinityblu Holdings Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Infinityblu Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Infinityblu Holdings Limited. You consider that Infinityblu Holdings Limited 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 financial statements of Infinityblu Holdings Limited. 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 financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


15 April 2025