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Registered Number: 10905440
England and Wales

 

 

 

INFINITY PROPERTY VENTURES LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 851   
Investments 4 571,233    289,659 
572,084    289,659 
Current assets      
Debtors: amounts falling due within one year   2,699 
Cash at bank and in hand 16,498    10,774 
16,498    13,473 
Creditors: amount falling due within one year (168,366)   (85,658)
Net current assets (151,868)   (72,185)
 
Total assets less current liabilities 420,216    217,474 
Creditors: amount falling due after more than one year (409,827)   (209,827)
Net assets 10,389    7,647 
 

Capital and reserves
     
Called up share capital 300    300 
Profit and loss account 10,089    7,347 
Shareholders' funds 10,389    7,647 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 May 2025 and were signed on its behalf by:


-------------------------------
Sanjay KALER
Director
1
General Information
INFINITY PROPERTY VENTURES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10905440, registration address 1 Cobham Drive, Spencers Wood, Reading, Berkshire, RG7 1DJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 years Straight Line
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the balance sheet to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 September 2023  
Additions 1,057    1,057 
Disposals  
At 31 August 2024 1,057    1,057 
Depreciation
At 01 September 2023  
Charge for year 206    206 
On disposals  
At 31 August 2024 206    206 
Net book values
Closing balance as at 31 August 2024 851    851 
Opening balance as at 01 September 2023  


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 September 2023 289,659    289,659 
Additions 281,574    281,574 
Transfer to/from tangible fixed assets  
Disposals  
At 31 August 2024 571,233    571,233 
There is no change in investment value and Investment properties are valued annually by the directors on a fair value basis.

2