Company registration number 06949026 (England and Wales)
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
COMPANY INFORMATION
Directors
John Cavill
Fernando Castagnolo
Bryan Acutt
Secretary
Infrastructure Managers Limited
Company number
06949026
Registered office
8th Floor
6 Kean Street
London
WC2B 4AS
Bankers
Barclays Bank Plc
1 Churchill Place
London
E14 5HP
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
CONTENTS
Page
Directors' report
1 - 2
Directors' responsibilities statement
3
Statement of comprehensive income
4
Statement of financial position
5
Notes to the financial statements
6 - 14
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
DIRECTORS' REPORT
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 1 -
The directors present their annual report and the unaudited financial statements of BIFM Investments Limited ("the Company") for the 9 month period ended 31 December 2024.
Principal activities
BIFM Investments Limited provides management services to limited partnership vehicles which invest in Public Private Partnerships (PPP), Private Finance Initiative (PFI) projects and other infrastructure projects exhibiting similar characteristics in the UK and Europe. Subsidiaries of the Company act as general partners of the limited partnership vehicles managed by the Company. The Company is authorised and regulated by the Financial Conduct Authority in the United Kingdom.
On 31 May 2024, the Company was sold by 3i Group plc to former members of 3i Group plc's infrastructure team. There has been no change to the principal activities of the Company and it has continued to provide management services to the limited partnership vehicles.
On 14 January 2025, BIFM Investments Limited shortened its financial period end from 31 March 2025 to 31 December 2024. The decision to change the Company's financial period end was for the purpose of aligning its accounting period with that of its parent company Alba Infra Partners Holdco SAS and other companies owned by Alba Infra Partners Holdco SAS.
These financial statements for the 9 month period ended 31 December 2024 are the first financial statements of BIFM Investments Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2023. The reported financial position and financial performance for the previous period, as previously presented under IFRS, are not affected by the transition to FRS 102.
Results and dividends
The results for the 9 month period are set out on page 4.
The profit for the financial 9 month period, after taxation, amounted to £1,684,774 (year to 31 March 2024: profit of £1,895,952).
The directors are satisfied with the overall performance of the Company and do not foresee any significant change in the Company's activities in the coming financial year.
Directors
The directors who held office during the 9 month period and up to the date of approval of the financial statements were as follows:
John Cavill
James Dawes
(Resigned 31 May 2024)
Bernardo Sottomayor
(Resigned 31 May 2024)
Fernando Castagnolo
(Appointed 31 May 2024)
Bryan Acutt
(Appointed 31 May 2024)
Qualifying third party indemnity provisions
Alba Infra Partners Holdco SAS has made qualifying third-party indemnity provisions for the benefit of the Directors of all its subsidiaries, including BIFM Investments Limited. These provisions were in force during the year and at the date of the approval of the financial statements.
Going concern
These financial statements have been prepared on the going concern basis for the reasons set out in the Accounting Policies.
Small companies exemption
This report has been prepared in accordance with the special provisions applicable to small companies within Part 15 of the Companies Act 2006. Exemption has also been taken from the requirement to prepare a Strategic Report.
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 2 -
On behalf of the board
Bryan Acutt
Director
29 April 2025
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 3 -
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year or period. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", and applicable law).
Under company law, directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
state whether applicable United Kingdom Accounting Standards, comprising FRS102 have been followed, subject to any material departures disclosed and explained in the financial statements;
make judgements and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
They are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are also responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.
The financial statements were approved and signed by the director and authorised for issue on 29 April 2025
Bryan Acutt
Director
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
STATEMENT OF COMPREHENSIVE INCOME
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 4 -
9 month period
Year
ended
ended
31 December
31 March
2024
2024
Notes
£
£
Turnover
3
3,106,535
4,036,764
Cost of sales
(1,370,881)
(2,230,395)
Gross profit
1,735,654
1,806,369
Administrative expenses
(94,088)
Operating profit
1,641,566
1,806,369
Interest receivable and similar income
52,491
89,582
Interest payable and similar expenses
(9,283)
Profit before taxation
1,684,774
1,895,951
Taxation on profit
6
Profit for the financial 9 month period/year
1,684,774
1,895,951
All of the activities of the company are from continuing operations.
The notes on pages 6 to 14 form part of these financial statements.
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 5 -
31 December 2024
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
7
644,267
Investments
8
55
55
644,322
55
Current assets
Debtors: amounts falling due within one year
10
1,939,913
969,971
Cash at bank and in hand
2,280,123
1,209,435
4,220,036
2,179,406
Creditors: amounts falling due within one year
11
(497,345)
Net current assets
3,722,691
2,179,406
Total assets less current liabilities
4,367,013
2,179,461
Creditors: amounts falling due after more than one year
12
(502,778)
Net assets
3,864,235
2,179,461
Capital and reserves
Called up share capital
14
200,000
200,000
Profit and loss reserve
3,664,235
1,979,461
Total shareholders' funds
3,864,235
2,179,461
The notes on pages 6 to 14 form part of these financial statements.
For the financial 9 month period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 April 2025 and are signed on its behalf by:
Bryan Acutt
Director
Company registration number 06949026 (England and Wales)
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 6 -
1
Accounting policies
Company information
BIFM Investments Limited ("the Company") is a private company limited by shares incorporated in the United Kingdom and is registered in England and Wales. The registered office is located at 8th Floor, 6 Kean Street, London, WC2B 4AS.
BIFM Investments Limited provides management services to limited partnership vehicles which invest in Public Private Partnerships (PPP), Private Finance Initiative (PFI) projects and other infrastructure projects exhibiting similar characteristics in the UK and Europe. Subsidiaries of the Company act as general partners of the limited partnership vehicles managed by the Company. The Company is authorised and regulated by the Financial Conduct Authority in the United Kingdom.
On 31 May 2024, the Company was sold by 3i Group plc to former members of 3i Group plc's infrastructure team. There has been no change to the principal activities of the Company and it has continued to provide management services to the limited partnership vehicles.
On 14 January 2025, BIFM Investments Limited shortened its financial period end from 31 March 2025 to 31 December 2024. The decision to change the Company's financial period end was for the purpose of aligning its accounting period with that of its parent company Alba Infra Partners Holdco SAS and other companies owned by Alba Infra Partners Holdco SAS.
These financial statements for the 9 month period ended 31 December 2024 are the first financial statements of BIFM Investments Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2023. The reported financial position and financial performance for the previous period, as previously presented under IFRS, are not affected by the transition to FRS 102.
1.1
Reporting period
In these financial statements, the Company has prepared a shortened set of financial statements, covering the nine month period ending 31 December 2024. Comparative amounts presented in the financial statements (including the related notes) are not entirely comparable due to the current accounting period being 9 months (period to 31 March 2024: 12 months).
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities. The principal accounting policies adopted are set out below and have been consistently applied to the years presented, unless otherwise stated.
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 7 -
1.3
Going concern
The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate.true
In considering going concern, the Directors have reviewed the plausible downside scenario, capital liquidity and financial position of the Company, including future plans. Having performed this assessment, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and consequently have considered it appropriate to prepare these financial statements on a going concern basis.
1.4
Turnover
The Company recognises management fee income when it has the right to receive the income in accordance with the management agreement. Interest income is recognised when the Company has the right to receive the interest.
1.5
Tangible assets
Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Right-of-use asset
5 years
Plant and equipment
3 years
Please refer to the accounting policy for the right-of-use asset in section 1.12 of the notes.
1.6
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments in equity are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.7
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 8 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the Statement of comprehensive income because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the Statement of comprehensive income, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12
Leases
From 1 January 2026, the requirements for lessees in Section 20 (Leases) of FRS 102 will be replaced with a new accounting model. For lessees, the distinction between operating leases and finance leases has been removed, and most leases will now be recognised on the balance sheet as a right-of-use asset with a corresponding lease liability. The Company has chosen to early adopt the change in this set of financial statements.
The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date plus any initial direct costs and an estimate of the cost of obligations to dismantle, remove, refurbish or restore the underlying asset and the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of other tangible assets. The right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 9 -
The lease liability is initially measured at the present value of the lease payments that are unpaid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company's incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise fixed payments and variable lease payments that depend on a rate.
The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in: future lease payments arising from a change in rate or the company's assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:
Impairment of assets
The carrying value of those assets recorded in the Company's Statement of financial position, at amortised cost less any impairment losses, could be materially reduced where circumstances exist which might indicate that an asset has been impaired and an impairment review is performed. Impairment reviews consider the fair value and/or value in use of the potentially impaired asset or assets and compare that with the carrying value of the asset or assets in the Statement of financial position. Any reduction in value arising from such a review would be recorded in the Statement of comprehensive income. Impairment reviews involve the significant use of assumptions. Consideration has to be given as to the price that could be obtained for the asset or assets, or in relation to a consideration of value in use, estimates of the future cash flows that could be generated by the potentially impaired asset or assets, together with a consideration of an appropriate discount rate to apply to those cash flows.
3
Turnover
9 month period
Year
ended
ended
31 December
31 March
2024
2024
£
£
Turnover analysed by class of business
Management fee income
3,106,535
4,036,764
The whole of the turnover is attributable to the principal activity of the Company wholly undertaken in the United Kingdom.
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 10 -
4
Employees
The average monthly number of persons (including directors) employed by the company during the 9 month period was:
9 month period
Year
ended
ended
31 December
31 March
2024
2024
Number
Number
Total
7
5
Directors' remuneration
9 month period
Year
ended
ended
31 December
31 March
2024
2024
£
£
Remuneration for qualifying services
761,871
5,307,000
Company pension contributions to defined contribution schemes
48,454
67,000
810,325
5,374,000
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2024 - 3).
The number of directors who are entitled to receive shares under long term incentive schemes during the 9 month period was 0 (2024 - 3).
Up until 31 May 2024, the Directors of the Company were also directors of subsidiaries belonging to 3i Group plc, with remuneration paid to the Directors by 3i Group plc. From 31 May 2024, directors remuneration is paid by BIFM Investments Limited.
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 11 -
6
Taxation on profit
The actual charge for the 9 month period can be reconciled to the expected charge for the 9 month period based on the profit or loss and the standard rate of tax as follows:
9 month period
Year
ended
ended
31 December
31 March
2024
2024
£
£
Profit before taxation
1,684,774
1,895,951
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (Year to 31 March 2024: 25.00%)
421,194
473,988
Tax effect of income not taxable in determining taxable profit
(421,194)
Group relief
(479,988)
Taxable income from partnership subsidiaries
6,000
Taxation charge for the period/year
-
-
At 31 December 2024, the Company had tax losses carried forward of £1,093k (31 March 2024: £1,093k) for which no deferred tax asset has been recognised. It is considered uncertain that there will be sufficient taxable profits in the future against which the associated deferred tax assets can be offset and therefore the assets have not been recognised.
7
Tangible assets
Right-of-use asset
Plant and machinery
Total
£
£
£
Cost
At 1 April 2024
Additions
659,834
27,306
687,140
At 31 December 2024
659,834
27,306
687,140
Depreciation and impairment
At 1 April 2024
Depreciation charged in the 9 month period
38,644
4,229
42,873
At 31 December 2024
38,644
4,229
42,873
Carrying amount
At 31 December 2024
621,190
23,077
644,267
At 31 March 2024
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
7
Tangible assets
(Continued)
- 12 -
On 16 September 2024, the Company entered into an agreement to lease an office at 8th Floor, 6 Kean Street, London, WC2B 4AS for 5 years. There is not an option in the agreement to extend the lease term. On the lease commencement date, a right-of-use asset of £659,834 was recognised in the Statement of Financial Position.
8
Fixed asset investments
2024
2024
£
£
Shares in group undertakings and participating interests
55
55
9
Subsidiaries
Details of the company's subsidiaries at 31 December 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
BIIF GP Limited
8th Floor, 6 Kean Street, London, United Kingdom, WC2B 4AS
Ordinary
100.00
BEIF Management Limited
8th Floor, 6 Kean Street, London, United Kingdom, WC2B 4AS
Ordinary
100.00
BIIF AIP GP LLP
8th Floor, 6 Kean Street, London, United Kingdom, WC2B 4AS
Ordinary
50.00
These subsidiaries act as general partners in the limited partnerships managed by the Company, or as holding companies of such general partners. There are no restrictions on the profits of the subsidiaries and no guarantees exist between the parent and the subsidiaries.
10
Debtors
31 December
31 March
2024
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,911,874
969,971
Other debtors
9,049
Prepayments and accrued income
18,990
1,939,913
969,971
Amounts owed by group undertakings include accrued priority profit share income of £1,879,939 (31 March 2024: £969,971) due from BIIF AIP GP LLP.
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 13 -
11
Creditors: amounts falling due within one year
31 December
31 March
2024
2024
£
£
Lease liability
13
129,736
Trade creditors
27,371
Amounts owed to Group undertakings
238,121
Taxation and social security
43,922
Accruals and deferred income
58,195
497,345
-
Amounts owed to group undertakings relate to equipment and service costs recharged to the Company by Alba Infra Partners SAS. This balance is not interest bearing, is unsecured and is repayable on demand.
12
Creditors: amounts falling due after more than one year
31 December
31 March
2024
2024
Notes
£
£
Lease liability
13
502,778
13
Lease liability
31 December
31 March
2024
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
129,736
In two to five years
502,778
632,514
On 16 September 2024, the Company entered into an agreement to lease an office at 8th Floor, 6 Kean Street, London, WC2B 4AS for 5 years. There is not an option in the agreement to extend the lease term. On the lease commencement date, a lease liability of £640,334 was recognised in the Statement of Financial Position.
Total lease payments in the period amounted to £17,103 (year to 31 March 2024: £nil).
14
Called up share capital
31 December
31 March
31 December
31 March
2024
2024
2024
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200,000
200,000
200,000
200,000
BIFM INVESTMENTS LIMITED
(FORMERLY 3I BIFM INVESTMENTS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
- 14 -
15
Parent company
The immediate parent undertaking is Alba Infra Partners HoldCo SAS. The registered office of Alba Infra Partners Holdco SAS is located at 134 rue du Faubourg Saint Honoré, 75008 Paris, France.
2024-12-312024-04-01falsefalsefalseCCH SoftwareCCH Accounts Production 2024.301John CavillJames DawesBernardo SottomayorFernando CastagnoloBryan AcuttInfrastructure Managers LimitedMembers have not required the company to obtain an auditDirectors acknowledge responsibilities Companies Act 2006Members have not required the company to obtain an audit2010-02-010069490262024-04-012024-12-3106949026bus:Director12024-04-012024-12-3106949026bus:Director42024-04-012024-12-3106949026bus:Director52024-04-012024-12-3106949026bus:CompanySecretary12024-04-012024-12-3106949026bus:Director22024-04-012024-12-3106949026bus:Director32024-04-012024-12-3106949026bus:RegisteredOffice2024-04-012024-12-3106949026bus:Agent12024-04-012024-12-31069490262024-12-31069490262023-04-012024-03-31069490262024-03-3106949026core:LandBuildings2024-12-3106949026core:OtherPropertyPlantEquipment2024-12-3106949026core:LandBuildings2024-03-3106949026core:OtherPropertyPlantEquipment2024-03-3106949026core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3106949026core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3106949026core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-3106949026core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3106949026core:ShareCapital2024-12-3106949026core:ShareCapital2024-03-3106949026core:RetainedEarningsAccumulatedLosses2024-12-3106949026core:RetainedEarningsAccumulatedLosses2024-03-3106949026core:LandBuildingscore:LongLeaseholdAssets2024-04-012024-12-3106949026core:PlantMachinery2024-04-012024-12-3106949026core:UKTax2024-04-012024-12-3106949026core:UKTax2023-04-012024-03-310694902612024-04-012024-12-310694902612023-04-012024-03-3106949026core:LandBuildings2024-03-3106949026core:OtherPropertyPlantEquipment2024-03-31069490262024-03-3106949026core:LandBuildings2024-04-012024-12-3106949026core:OtherPropertyPlantEquipment2024-04-012024-12-3106949026core:CurrentFinancialInstruments2024-12-3106949026core:CurrentFinancialInstruments2024-03-3106949026core:Non-currentFinancialInstruments2024-12-3106949026core:Non-currentFinancialInstruments2024-03-3106949026core:WithinOneYear2024-12-3106949026core:WithinOneYear2024-03-3106949026core:BetweenTwoFiveYears2024-12-3106949026core:BetweenTwoFiveYears2024-03-3106949026bus:PrivateLimitedCompanyLtd2024-04-012024-12-3106949026bus:SmallEntities2024-04-012024-12-3106949026bus:AuditExempt-NoAccountantsReport2024-04-012024-12-3106949026bus:FullAccounts2024-04-012024-12-31xbrli:purexbrli:sharesiso4217:GBP