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Registered number: 09845975
Blue Infinity Property Group Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09845975
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 990,815 991,087
990,815 991,087
CURRENT ASSETS
Cash at bank and in hand 897 2,152
897 2,152
Creditors: Amounts Falling Due Within One Year 5 (516,701 ) (501,311 )
NET CURRENT ASSETS (LIABILITIES) (515,804 ) (499,159 )
TOTAL ASSETS LESS CURRENT LIABILITIES 475,011 491,928
Creditors: Amounts Falling Due After More Than One Year 6 (762,767 ) (755,993 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,121 ) (5,121 )
NET LIABILITIES (292,877 ) (269,186 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 81,695 81,695
Profit and Loss Account (374,574 ) (350,883 )
SHAREHOLDERS' FUNDS (292,877) (269,186)
Page 1
Page 2
For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Guy Brown
Director
19/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Blue Infinity Property Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09845975 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Investment Properties
All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 990,000 1,139 1,518 992,657
As at 31 October 2024 990,000 1,139 1,518 992,657
Depreciation
As at 1 November 2023 - 958 612 1,570
Provided during the period - 46 226 272
As at 31 October 2024 - 1,004 838 1,842
...CONTINUED
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Page 4
Net Book Value
As at 31 October 2024 990,000 135 680 990,815
As at 1 November 2023 990,000 181 906 991,087
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 150 178
Other taxes and social security 321 321
Other creditors 5,980 6,285
Directors' loan accounts 510,250 494,527
516,701 501,311
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 762,767 755,993
7. Secured Creditors
Of the creditors, the below bank loans are secured on the investment properties. They are interest only with a term of 25 and 10 years.
2024 2023
£ £
Bank loans and overdrafts 729,987 466,670
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
49 Ordinary A shares of £ 0.020 each 1 1
51 Ordinary B shares of £ 0.020 each 1 1
2 2
9. Reserves
Fair Value Reserve
£
As at 1 November 2023 81,695
As at 31 October 2024 81,695
10. Controlling Party
The company's controlling party is Guy Brown by virtue of his ownership of 51% of the issued share capital in the company.
Page 4