| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 29 May 2023 to 31 July 2024 |
| for |
| INFINITY CONGLOMERATE LTD |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 29 May 2023 to 31 July 2024 |
| for |
| INFINITY CONGLOMERATE LTD |
| INFINITY CONGLOMERATE LTD (REGISTERED NUMBER: 14900263) |
| Contents of the Financial Statements |
| FOR THE PERIOD 29 MAY 2023 TO 31 JULY 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| INFINITY CONGLOMERATE LTD |
| Company Information |
| FOR THE PERIOD 29 MAY 2023 TO 31 JULY 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| INFINITY CONGLOMERATE LTD (REGISTERED NUMBER: 14900263) |
| Balance Sheet |
| 31 JULY 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
| INFINITY CONGLOMERATE LTD (REGISTERED NUMBER: 14900263) |
| Notes to the Financial Statements |
| FOR THE PERIOD 29 MAY 2023 TO 31 JULY 2024 |
| 1. | STATUTORY INFORMATION |
| Infinity Conglomerate Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the period 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 period 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. |
| Going concern |
| The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due. |
| The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, even though it had net liabilities of £2,280 as at the balance sheet date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| INFINITY CONGLOMERATE LTD (REGISTERED NUMBER: 14900263) |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 29 MAY 2023 TO 31 JULY 2024 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 31 July 2024 |
| NET BOOK VALUE |
| At 31 July 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed to group undertakings |
| Director's current account | 10 |
| Accruals and deferred income |
| 7. | RELATED PARTY DISCLOSURES |
| Amounts owed to group undertakings of £43,501 is owed by the Company to other companies which are under common control. |
| The debts have no fixed date for repayments, are repayable on demand and are non-interest bearing. |