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Company No: 02888694 (England and Wales)

INFOACTIVE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

INFOACTIVE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

INFOACTIVE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
INFOACTIVE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR A R Ashman
SECRETARY A R Ashman
REGISTERED OFFICE 7 Prince Arthur Mews
London
NW3 1RD
United Kingdom
COMPANY NUMBER 02888694 (England and Wales)
ACCOUNTANT S&W Partners LLP
103 Colmore Row
Birmingham
B3 3AG
INFOACTIVE LIMITED

BALANCE SHEET

As at 31 December 2024
INFOACTIVE LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 50,710,491 46,998,000
Investments 4 1,079,028 991,000
51,789,519 47,989,000
Current assets
Debtors
- due within one year 5 149,986 195,996
- due after more than one year 5 100,035 100,035
Cash at bank and in hand 2,598,553 4,754,364
2,848,574 5,050,395
Creditors: amounts falling due within one year 6 ( 989,112) ( 1,174,607)
Net current assets 1,859,462 3,875,788
Total assets less current liabilities 53,648,981 51,864,788
Creditors: amounts falling due after more than one year 7 ( 31,850,604) ( 30,250,604)
Net assets 21,798,377 21,614,184
Capital and reserves
Called-up share capital 21,809,154 21,809,154
Profit and loss account ( 10,777 ) ( 194,970 )
Total shareholders' funds 21,798,377 21,614,184

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Infoactive Limited (registered number: 02888694) were approved and authorised for issue by the Director on 05 June 2025. They were signed on its behalf by:

A R Ashman
Director
INFOACTIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
INFOACTIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Infoactive Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Prince Arthur Mews, London, NW3 1RD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Infoactive Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Revenue represents the net invoiced value of rents receivable excluding value added tax adjusted for amounts received in advance.

Interest income

Interest income is recognised in the profit or loss using the effective interest method.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 January 2024 46,998,000
Additions 3,720,234
Fair value movement (7,743)
As at 31 December 2024 50,710,491

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 991,000 991,000
Movement in fair value 88,028 88,028
At 31 December 2024 1,079,028 1,079,028
Carrying value at 31 December 2024 1,079,028 1,079,028
Carrying value at 31 December 2023 991,000 991,000

5. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Prepayments 149,986 149,986
Deferred tax asset 0 46,010
149,986 195,996
Debtors: amounts falling due after more than one year
Other debtors 100,035 100,035

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals and deferred income 216,706 303,764
Deferred tax liability 15,388 0
Other creditors 757,018 870,843
989,112 1,174,607

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 31,850,604 30,250,604

The bank loans are secured by fixed charges over specific investment property assets:
£29,995,604 is secured on company assets.
£1,855,000 is secured on shareholder's assets.

8. Deferred tax

2024 2023
£ £
At the beginning of financial year 46,010 0
(Charged)/credited to the Statement of Income and Retained Earnings ( 61,398) 46,010
At the end of financial year ( 15,388) 46,010

9. Ultimate controlling party

The director does not consider there to be an ultimate controlling party.